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New York, November 12, 2021/PRNewswire/-According to the latest industry analysis by Persistence Market Research, the global biodegradable dressing market is expected to grow rapidly from US$190.7 million in 2020 to approximately US$285.8 million in 2031. This reflects a compound annual growth rate of approximately 3.8% during the forecast period (2021-2031).
Biodegradable dressings are a promising solution that have been shown to enhance mucosal healing, hemostasis and comfort, while also reducing the risk of microbial infections. The demand for biodegradable dressings will be driven by an increase in surgery, an increase in chronic diseases and an increase in the elderly population.
The release and approval of new products has become a key growth strategy adopted by market leaders. Acquisitions are the second most important strategy adopted by market participants. Adopting these strategies helps the company expand its regional influence and product supply.
These developments not only strengthen the existing portfolio of companies, but also help increase their influence at the regional and global levels.
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Key points of market research
An analyst from Persistence Market Research said: "The increase in postoperative complications and the increase in R&D expenditures in the pharmaceutical industry are expected to drive the demand for biodegradable dressings."
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Some leading biodegradable dressing manufacturers are focusing on partnerships for product approvals, acquisitions, mergers, collaborations, and global expansion.
The main market participants covered by Persistence Market Research in the research include Aegis Lifesciences Pvt. Ltd., Medtronic, Datt Mediproducts Pvt. Ltd, Stryker, Huizhou Fuyou Medical Equipment Co., Ltd., BenQ Materials Corp, EON Meditech Pvt. Ltd., Axio Biosolutions Pvt. Ltd., Divine Medicure Technology, Cenefom Corp, Smith- Nephew, Baxter, Reliance Life Sciences and Hangzhou Xinjie Medical Products Co., Ltd.
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What does the report cover?
Persistence Market Research provides a unique perspective and feasible insights for the biodegradable dressing market in its latest research, showing the historical demand assessment for 2016-2020 and the forecast for 2021-2031.
The research is based on products (polyvinyl alcohol (PVA) foam, hyaluronic acid, carboxymethyl cellulose, fibrin glue, microporous polysaccharide hemispheres, chitosan), end users (hospitals, clinics, outpatient surgery centers) and the world Seven main regions.
Persistence Market Research (PMR), as a 3rd party research organization, does indeed operate through the exclusive merger of market research and data analysis to help companies succeed regardless of the turbulence faced by the financial/natural crisis.
Persistent market research is always ahead of the times. In other words, it develops market solutions by intervening in the company/customer’s shoes before the company/customer enters the market secretly. The proactive approach adopted by the experts of Persistence Market Research can help companies/customers acquire technical business insights in advance so that they can simplify the follow-up course of action.
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