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IV Dressing Market Trends

Report ID: GMI9116
Published Date: Apr 2024
Report Format: PDF

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IV Dressing Market Trends

Surgical procedures often require the use of IV catheters which is estimated to reach USD 54.7 billion revenue by 2032, for the administration of anesthesia, antibiotics, and other medications before, during, and after surgery. As the number of surgical procedures performed worldwide continues to rise due to factors like population growth, aging populations, and advancements in surgical techniques, there is a corresponding increase in the demand for IV dressings to secure and protect the IV catheters used in these procedures.

The development of advanced materials and manufacturing techniques has led to the creation of IV dressings that offer improved performance, such as better adhesion, breathability, and antimicrobial properties.
Additionally, advancements in design have resulted in dressings that are more comfortable for patients and easier for healthcare professionals to apply and remove. These technological advancements drive the adoption of IV dressings by enhancing their effectiveness and usability.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

IV dressing market size was USD 830.6 million in 2023 and is expected to register 5.5% CAGR from 2024-2032 owing to the rising prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer worldwide.

The transparent segment recorded USD 970.8 million in 2023 due to the improved visibility offered by transparent dressings, allowing for easy monitoring of wound sites without removal, thereby enhancing patient care.

North America IV dressing industry held 40.8% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the a well-established healthcare infrastructure with substantial investments in medical facilities and equipment in the region.

3M Company, DeRoyal Industries, Inc., Lohmann & Rauscher GmbH & Co. KG, McKesson Corporation, Medline Industries, LP., Mölnlycke Health Care AB, Paul Hartmann AG, Richardson Healthcare, Inc., and Smith & Nephew plc, are some of the major IV dressing companies worldwide.