Abdominal Pads Market Is Likely To Up Demand At A USD 1.5 Billion By 2030

 San Francisco, 14 June 2024: The Report Abdominal Pads Market Size, Share & Trends Analysis Report By Type (Sterile, Non-sterile), By Application (Surgical Wounds, Chronic wounds, Burns, Others), By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global abdominal pads market size is expected to reach USD 1.5 billion, registering a CAGR of 6.1% from 2023 to 2030, based on a new report by Grand View Research, Inc., Increasing awareness among the people about wound management, a growing number of surgical procedures globally, and rising global elderly population are the growth driving factors. Furthermore, increasing cases of burn injuries is also expected to drive market growth. For instance, as per the World Health Organization, annually, more than five million people are listed as severely or moderately burnt.

The COVID-19 outbreak has hampered regular wound management procedures resulting in a decline in hospital attendance, postponed surgical services, and delayed or canceled surgical and other non-emergency procedures. The global market for wound management was significantly impacted by the pandemic's first wave. According to the article by Annals of Surgery, the pandemic has caused a disruption in the provision of surgical services, with an estimated 28.0 million elective surgeries worldwide being postponed during the first COVID-19 wave along with the cancellation of diagnostic and therapeutic treatments. However, after the cancellation of the lockdown and decline in the COVID-19 cases the hospitals and healthcare infrastructure is getting back to normal.

The key companies are attempting to enhance their product portfolio by upgrading their products, employing significant cooperative efforts, and considering acquisitions in addition to government permissions to increase their client base and capture a larger share of the abdominal pads market.

Access Research Report of Abdominal Pads Market @ https://www.grandviewresearch.com/industry-analysis/abdominal-pads-market-report

Abdominal Pads Market Report Highlights

• Based on type, the sterile segment accounted for the largest market share of 62.1% in 2022 as it is a highly absorbent material to absorb excess fluid
• The chronic wound segment dominated the abdominal pads market with a revenue share of 32.6% in 2022 owing to the prolonged healing time required. The surgical wounds segment is expected to witness the fastest expansion with a CAGR of 6.6% during the forecast period due to the increased number of surgical procedures globally
• Based on the end-use, the hospitals segment dominated the abdominal pads market with a revenue share of 36.8% in 2022 and is likely to expand at the fastest growth rate from 2023 to 2030
• North America accounted for the largest revenue share of nearly 44.3% in 2022. This is owing to the highly developed healthcare infrastructure and presence of major companies in the region

Abdominal Pads Market Report Scope

Report  Attribute	Details
Market size value in 2023	USD 1.0 billion
Revenue forecast in 2030	USD 1.5 billion
Growth rate	CAGR of 6.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players in Abdominal Pads Market

• Smith & Nephew
• Medline Industries
• Medtronic
• Dukal Corporation
• Integra Life Sciences
• Dynarex Corporation
• Medicom
• 3M
• DeRoyal Industries, Inc.

Access Press Release of Abdominal Pads Market @ https://www.grandviewresearch.com/press-release/global-abdominal-pads-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon