Top 7 Companies in the Global Surgical Dressing Market in 2024

The global surgical dressing market was valued at USD 4.87 billion in 2023, driven by the rising cases of ulcers and cardiovascular diseases (CVD) based surgeries. It is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 8.08 billion by 2032.

Surgical dressings are known to start the healing process of the wounds or the surgical site and prevent infections. It consists of a sterile pad or compress which is applied on the surgical site to bolster the healing process. Surgical dressing is essential for both minor and chronic wounds to provide comfort to the patient by reducing pain.

The growing demand for surgical dressings, owing to the rising cases of ulcers and the increasing cardiovascular diseases (CVD) based surgeries, is anticipated to be a major factor driving market growth. The rising healthcare expenditure and the increasing geriatric population in the United States of America and Canada are likely to aid the market growth.

The market growth is expected to be significantly influenced by new product launches from key players. For instance, in September 2024, Solventum introduced the V.A.C.® Peel and Place Dressing, a cutting-edge dressing and drape combination that can be applied in under two minutes and worn continuously for up to seven days. This innovation is expected to improve treatment efficiency, and patient comfort, addressing the increasing demand for advanced wound care solutions. The launch is a perfect illustration aligning with the ongoing market trend towards time-saving, user-friendly products, positioning Solventum in a leading position in the market.

Additionally, the market growth is poised to be driven by the increasing accessibility of advanced wound care solutions through a wide range of distribution channels. Market players are increasingly focusing on expanding product availability, exemplified by Remedium Healthcare Products’ recent launch of NuVeria Labs' Sacral Silicone Dressing on Amazon. This strategic move aligns with the growing consumer preference for convenient purchasing options, allowing patients and healthcare providers to access high-quality surgical dressings without any hassle. Benefiting from the existence of online platforms, companies can reach a broader audience and enhance brand visibility, ultimately contributing to the global growth of the surgical dressing domain.

Moreover, the market growth can be attributed to increasing advancements in wound care technology, exemplified by Convatec's recent clinical study results. In May 2024, Convatec, a leading global medical products and technologies company, announced findings from a multinational randomised controlled trial (RCT) that highlighted the high effectiveness of AQUACEL® Ag+ Extra™ in healing venous leg ulcers compared to standard care dressings. This launch is poised to initiate a shift towards innovative solutions offering faster healing and reduced infection risk, aligning with the growing demand for advanced wound care products to support better patient outcomes and cost-efficiency in healthcare settings worldwide.

Major Companies Shaping the Global Surgical Dressing Market in 2024

1.    Advin Healthcare

Advin Healthcare is a prominent provider of medical and surgical equipment, based in India. The company offers a wide range of products, including surgical dressings, advanced bipolar energy devices, surgical instruments, and hospital equipment. Advin Healthcare’s portfolio spans various specialties, from general surgery to orthopaedics and gynaecology, focusing on delivering high-quality, reliable solutions that meet international standards. With a commitment to innovation and cost-effective care, Advin Healthcare has established itself as a trusted name in medical equipment for both local and global markets.

2.    Sanara MedTech

Headquartered in Texas, USA, Sanara MedTech specialises in advanced wound care and surgical products. Founded in 2002, the company focuses on developing products that promote wound healing and reduce infection risks. Its portfolio includes proprietary technologies for wound cleansing, debridement, and tissue repair. Sanara MedTech’s innovative approach to wound care supports improved patient outcomes, and its products are used in hospitals, clinics, and long-term care facilities across the United States, helping to address the complex needs of chronic and acute wound management.

3.    Advanced Medical Solutions Group

Based in Winsford, Cheshire, United Kingdom, Advanced Medical Solutions Group (AMS) is a global leader in wound care and surgical products. Established in 1991, the company offers a range of solutions, including advanced wound dressings, surgical adhesives, and tissue repair products. AMS is dedicated to developing innovative products that enhance healing and reduce recovery times, and its offerings are used widely in hospitals and clinics worldwide. With a strong focus on R&D, AMS continues to expand its portfolio to meet the evolving needs of healthcare providers and patients.

4.    3M

Founded in 1902 and headquartered in Minnesota, USA, 3M is a multinational conglomerate known for its diverse range of products, including medical and healthcare solutions. 3M offers advanced wound care products, infection prevention solutions, and surgical tapes and drapes. The company is renowned for its innovation, developing products that improve patient safety, reduce healthcare-associated infections, and enhance procedural efficiency. The extensive company portfolio supports hospitals and clinics in delivering high-quality care through reliable, cutting-edge solutions across various healthcare settings. The company continues to revolutionise the healthcare sector across the globe with its world-class technology and innovative product deliveries into the market. For instance, in January 2024, 3M Health Care's Medical Solutions Division, the world leader in advanced wound care, received a whopping USD 34.2 million from the U.S. Army Medical Research Acquisition Activity for the development of a range of new solutions for infection prevention, wound management, and wound healing.

5.    Medline Industries LP

Founded in 1966 and headquartered in Northfield, Illinois, USA, Medline Industries LP is a leading distributor of healthcare products and solutions. Medline offers an extensive portfolio, including surgical instruments, wound care products, and infection prevention solutions. Serving hospitals, nursing facilities, and healthcare providers, the company focuses on improving operational efficiency and patient outcomes through high-quality, cost-effective products. With a commitment to innovation and customer service, Medline has become a trusted partner for healthcare providers across North America and internationally. For instance, in June 2024, Medline introduced OptiView, a first-of-its-kind transparent wound dressing for the treatment of in-pressure injury prevention. OptiView has an innovative clear design allowing caregivers to quickly and easily inspect, monitor, and blanch skin with the dressing in place.

6.    Smith+ Nephew

Smith+Nephew, headquartered in London, UK, and founded in 1856, is a global leader in surgical dressings. The company’s portfolio spans wound care, orthopaedics, and general surgical devices, offering products like advanced wound dressings, joint reconstruction systems, and sports medicine solutions. The company is known for its focus on innovation and patient-centred care, developing products that enhance healing, mobility, and quality of life. With a strong international presence, Smith+Nephew continues to provide healthcare professionals with trusted solutions across various specialties.

7.    Medtronic

Founded in 1949 and headquartered in Dublin, Ireland, Medtronic is a global leader in medical technology, with a diverse portfolio spanning cardiovascular, neurological, and surgical innovations. In the field of surgical dressings, Medtronic offers solutions designed to enhance surgical precision, reduce recovery times, and improve patient outcomes. Medtronic’s extensive reach and trusted products make it a leader in the healthcare industry.