As per Persistence Market Research’s latest industry analysis, the global biodegradable dressings market is expected to witness high growth from US$ 190.7 Mn in 2020 to around US$ 285.8 Mn by 2031. This reflects a CAGR of around 3.8% over the forecast period (2021–2031).
Biodegradable dressings are promising solutions that have been shown to enhance mucosal healing, hemostasis, and comfort, while also reducing the risk of microbial infection. Demand for biodegradable dressings will be driven by an increase in surgeries, rise in chronic illnesses, and increase in the geriatric population.
New product launches and approvals have emerged as a key growth strategy adopted by leading players in the market. Acquisitions is the second-most key strategy adopted by market players. Adopting these strategies has helped companies expand their regional presence as well as product offerings.