Global Super Absorbent Dressings Market 2023-2030

Global Super Absorbent Dressings Market 2023-2030

Global Superabsorbent Dressings Market Size, Share & Trends Analysis Report by Type (Non-Adhering Dressings, and Self-Adhering Dressings), and by Application (Hospitals, Clinics, Homecare, and Others) Forecast Period (2023-2030)

The global Superabsorbent Dressings market is anticipated to grow at a CAGR of 4.5% during the forecast period (2023-2030). The growth of the market is attributed to growing demand for advancements in wound care technology across the globe. The system can contain innovative superabsorbent dressings or wound dressings with unique capabilities to speed up healing and efficiently manage exudate. In March 2023, Vaporox received clearance from the US Food and Drug Administration for its next-generation VHT-200 medical device system for healing chronic wounds, which are wounds that do not respond to conventional wound treatment. Vaporox's Vaporous Hyperoxia Therapy (VHT) is a breakthrough technology that has been clinically validated as a safe and effective adjunct treatment for healing skin wounds. The VHT-200 brings advanced wound care technology into the private practice setting, allowing providers to deliver advanced wound care in their practice.

Segmental Outlook

The global Superabsorbent Dressings market is segmented on the type, and application. Based on the type, the market is sub-segmented into non-adhering dressings, and self-adhering dressings. Furthermore based on the application, the market is sub-segmented into hospitals, clinics, homecare, and others. Among the type, self-adhering dressings sub-segment is anticipated to hold a considerable share of the market owing to the growth and development of the wound care management industry.

The Clinics Sub-Segment is Anticipated to Hold a Considerable Share of the Global Superabsorbent Dressings Market

Among the application, the clinics sub-segment is expected to hold a considerable share of the global superabsorbent dressings market. The segmental growth is attributed to growing demand for wound assessment across the globe. Utilizing digital imaging and measurement technologies, it enables healthcare providers to precisely evaluate wound features, such as size, depth, and exudate levels. Accordingly market players are coming up with new products to cater the demand for clinical support app. For instance, in July 2022, Smith+Nephew launched the WOUND COMPASS Clinical Support App, a comprehensive digital support tool for healthcare professionals that aids wound assessment and management. The app is designed to help reduce practice variation in wound care by decoding each unique wound. The app categorizes wounds by location on the body, wound type, wound appearance, the volume of exudate, and wound depth. The WOUND COMPASS Clinical Support App has been validated by 70 clinicians through 400 wound assessments.

Regional Outlook

The global Superabsorbent Dressings market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe owing to the chronic and acute illnesses have grown more prevalent, and surgical treatments are growing increasing in the Asia-Pacific region. For instance, According to National Institute of Health, it is estimated that major chronic disease affects approximately 21% of senior individuals in India. In rural areas, 17% of older people and 29% in urban areas have a chronic illness. Diabetes and hypertension constitute around 68% of all chronic disorders. Kerala has the greatest rate of chronic disease (54%), subsequent to Andhra Pradesh, West Bengal, and Goa.

The North America Region is Expected to Grow at a Significant CAGR in the Global Superabsorbent Dressings Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Superabsorbent dressings are advanced wound dressings designed to absorb and retain large amounts of wound exudate, promoting a moist wound environment for effective healing. The region's robust healthcare infrastructure and advanced medical services have driven the demand for these products The North American superabsorbent dressings market has experienced growth due to several factors, including an aging population with chronic wounds, increased prevalence of chronic conditions such as diabetes, and a higher number of surgical procedures. According to the Centers for Disease Control and Prevention, more than 37 million Americans have diabetes, and another 96 million adults in the US have a condition called prediabetes, which puts them at risk for type 2 diabetes. Diabetes can cause serious complications, including heart disease, kidney failure, and blindness. The result has increased the demand for ultra-absorbent dressings.

The substantial expenditure of approximately $415 billion on healthcare for people with diabetes in North America and the Caribbean in 2021 has driven significant growth in the superabsorbent market in the region. The increasing demand for advanced medical products and the emphasis on patient well-being have fostered innovation and growth in the superabsorbent industry, making it a vital component in addressing the healthcare needs of diabetic patients and other medical applications.

Market Players Outlook

The major companies serving the Superabsorbent Dressings market include Cardinal Health, Coloplast Corp., Convatec, DermaRite Industries, LLC., Dynarex Corp. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Winner Medical signed an agreement to acquire $108.2 million worth of shares from Zhejiang Longterm Medical Technology Co., Ltd. Winner Medical and Longterm Medical can benefit from economies of scale and the development of synergies in terms of the domestic and international clientele, distribution channels, goods, R&D, and production.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global superabsorbent dressings market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.