February 9, 2025
IV Dressing Market

The rapid rise of chronic wounds is anticipated to openup the new avenues for IV Dressing Market

The IV Dressing Market is estimated to be valued at US$ 794.7 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
IV dressings are medical dressings used to cover and protect intravenous catheter insertion sites. They prevent infection of the site and secure the catheter in place. The major types of IV dressings include transparent dressings, non-transparent dressings, and bio-occlusive dressings. They help in reducing the risk of infection and protect the delicate skin around the IV insertion point. IV dressings play a crucial role in stabilizing venous access devices and reducing complications associated with intravenous therapy.

Market Dynamics:
Growing prevalence of chronic diseases such as cancer, diabetes that require long-term IV access and therapy is expected to drive the growth of the IV dressing market over the forecast period. According to the World Health Organization (WHO), chronic diseases accounted for approximately 60% of the 57 million global deaths in 2008. Additionally, rising geriatric population which is more prone to chronic illnesses will further propel the demand for IV dressings. As per the United Nations, the global population aged 60 years and above is expected to reach 2 billion by 2050 from 1 billion in 2020. Furthermore, growing awareness regarding healthcare-associated infections (HAIs) coupled with increasing research activities to develop advanced IV dressings are some other factors anticipated to augment the market growth. However, availability of alternative devices for securing venous access devices like transparent films may hinder the market growth.
Segment Analysis
The global IV Dressing market is segmented on the basis of key factors such as type, end user and application. Based on type, the market is dominated by transparent dressing segment which holds around 35% share of total market. Transparent dressings offer improved visibility of the insertion site which is important for monitoring infection or complications during intravenous therapy.

PEST Analysis
Political: Changes in reimbursement policies related to IV procedures across countries impact the sales of IV dressings.
Economic: Rising healthcare spending coupled with growing geriatric population susceptible to chronic diseases is fueling the demand for IV dressings.
Social: Increasing awareness about healthcare associated infections and importance of dressing care promotes the adoption of antimicrobial dressings.
Technological: Developments in dressing materials allowing extended wear time and mechanical properties preventing dislodgment are expanding possibilities.

Key Takeaways
The global IV Dressing market Growth is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing prevalence of chronic diseases requiring IV medication. Regionally, North America dominates the market followed by Europe owing to rising healthcare expenditure and presence of major players. In terms of revenue, the global IV Dressing market was valued at US$ 794.7 Mn in 2023 and is projected to reach US$ 1,123.6 Mn by 2030.

Key players operating in the IV Dressing market are Becton, Dickinson and Company, Lohmann & Rauscher, Komal Health Care Pvt. Ltd., Paul Hartmann AG, DeRoyal Industries Inc., Tytex, Shandong Dermcosy Medical Co., Ltd., Smith & Nephew plc, Dynarex Corporation, Talent Healthcare, 3M and Datt Mediproducts Pvt. Limited. Becton, Dickinson and Company leads the market with over 20% share attributed to its wide distribution network and product portofolio.

The Asia Pacific region is witnessing fastest growth in the IV Dressing market owing to rising medical tourism, increasing healthcare facilities and growing incidence of chronic disorders. China and India are emerging as lucrative markets in the region.

Key players operating in the IV Dressing market are focusing on new product launches catering to the evolving needs of clinicians and patients. Partnerships with medical institutes is another strategic approach undertaken by industry players to strengthen market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

Ravina Pandya

Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

View all posts by Ravina Pandya →