PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515482
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515482
Asia Pacific IV Dressing Market, By Product Type, By Application, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific IV Dressing Market was valued at USD 211.23 million in 2023, expanding at a CAGR of 6.2% from 2024 to 2032.
The utilization of IV dressing is essential in intravenous therapy as it is responsible for securing and safeguarding the insertion point of an intravenous catheter. Intravenous (IV) therapy involves directly delivering liquid substances into a vein, either intermittently or continuously, with the latter referred to as an intravenous drip. This approach is the most efficient method of distributing fluids and medications throughout the body, making it a crucial element of modern healthcare. Proper IV dressing is vital in preventing infections, stabilizing the catheter, and facilitating easy monitoring of the insertion site. IV (Intravenous) dressing practices in the Asia-Pacific region encompass a range of standards and protocols tailored to the diverse healthcare settings across countries.
Asia Pacific IV Dressing Market- Market Dynamics
The increasing incidence of blood infections and urbanization is anticipated to propel the expansion of the Asia Pacific IV Dressing Market
The prevalence of healthcare-associated infections (HAIs), particularly bloodstream infections, is a significant concern in various countries across the Asia-Pacific region. IV dressings are crucial in preventing these infections by establishing a sterile barrier and facilitating proper site maintenance. Through a retrospective analysis of nosocomial infection cases associated with HAIs in a large tertiary hospital in China, they were able to identify and study the epidemiological characteristics of HAIs from January 1, 2018, to December 31, 2021. The increasing awareness and diagnostic capabilities have led to the detection of more cases of bloodstream infections, underscoring the need for enhanced infection control measures, including high-quality IV dressings. According to the National Bacterial Drug Resistance Monitoring Network in 2017, 15.2% of bacterial infections in China were traced back to blood samples. The rapid urbanization in countries like China, India, and Indonesia has resulted in a surge in the demand for healthcare services. China, with a population of 1.4 billion, has achieved a level of urbanization that took Western nations two centuries to reach. This rapid transformation from a predominantly rural to an urban society has significantly improved the quality of life for its citizens. Furthermore, the rising healthcare expenditures by both governments and private sectors in the region are driving the demand for IV dressings. However, the high cost of advanced dressings may hinder market growth.
Asia Pacific IV Dressing Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.2% over the forecast period (2024-2032)
Based on Product Type segmentation, Transparent was predicted to show maximum market share in the year 2023
Based on Application segmentation, Disposable was the leading type in 2023
Based on End-user segmentation, Hospitals was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific IV Dressing Market- Segmentation Analysis:
The Asia Pacific IV Dressing Market is segmented based on Product Type, Application, End-User, and Country.
The market is segmented into two groups according to Product Type: Transparent and Translucent. Transparent products are the leading force in the market. Transparent IV dressings enable constant observation of the insertion site to detect any indications of infection, infiltration, or other issues. These dressings are crucial for patient care in the Asia-Pacific area, offering a dependable and practical method to secure IV lines and safeguard insertion sites while allowing for ongoing monitoring.
The market is segmented into two categories according to Application: Reusable and Disposable. The Disposable segment holds the majority share of the market. The Asia Pacific region's market for disposable IV dressings is witnessing substantial growth, fueled by rising infection control needs, improvements in healthcare facilities, and a heightened focus on patient safety. Disposable IV dressings provide multiple benefits, positioning them as the preferred option in diverse healthcare environments.
The market is segmented into three categories according to End-User: Hospitals, Clinics, and Others. Hospitals hold the largest market share. Within the Asia Pacific region, the need for IV dressings in hospitals is primarily influenced by a commitment to patient safety, infection prevention, and the effectiveness of healthcare delivery.
Asia Pacific IV Dressing Market- Geographical Insights
The Asia Pacific IV Dressing market analysis encompasses several countries, including India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, as well as the rest of the Asia Pacific region (APAC). Among these countries, China holds the largest share of the market due to the rapid development of hospitals and healthcare facilities. As the largest developing country in the world, China faces challenges in establishing a comprehensive and efficient healthcare system. However, with the continuous efforts of successive governments, the Chinese mainland is projected to have a total of 1,030,935 healthcare institutions by the end of 2021, including 36,570 hospitals and 977,790 primary-level clinics. Furthermore, the demand for medical supplies, including IV dressings, is particularly high in emerging economies like China, India, and Southeast Asian countries.
Asia Pacific IV Dressing Market- Competitive Landscape:
The competitive landscape of the Asia Pacific IV dressing market is marked by fierce competition among major players, fueled by innovation, product quality, and strategic marketing efforts. Key companies are dedicated to investing significantly in research and development to bring forth new materials and technologies that improve the efficiency and comfort of IV dressings. They are also establishing a strong brand presence through tailored marketing initiatives, educational initiatives for healthcare providers, and direct interactions with medical facilities. Success in this ever-evolving market is anticipated for companies that prioritize ongoing enhancements, strategic collaborations, and the resolution of cost and environmental issues.
Recent Developments:
Becton Dickinson has increased its yearly profit outlook and surpassed second-quarter profit projections on Thursday. The company is relying on robust demand for its surgical tools and syringes. Medical technology companies such as Becton, Boston Scientific (BSX.N), and Abbott Laboratories (ABT.N) are experiencing a surge in demand due to postponed surgeries being rescheduled, particularly among older patients.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC IV DRESSING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
3M Company
Cardinal Health, Inc.
Smith & Nephew PLC
McKesson Corporation
Covalon Technologies Ltd.
Becton, Dickinson, and Company
Molnlycke Health Care AB
DermaRite Industries, LLC
Dynarex Corporation
Essity AB (BSN medical)
ASIA PACIFIC IV DRESSING MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Transparent
Translucent
ASIA PACIFIC IV DRESSING MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Reusable
Disposable
ASIA PACIFIC IV DRESSING MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032
Hospitals
Clinics
Others
ASIA PACIFIC IV DRESSING MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific IV Dressing Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific IV Dressing Market Snippet by Product Type
- 2.1.2. Asia Pacific IV Dressing Market Snippet by Application
- 2.1.3. Asia Pacific IV Dressing Market Snippet by End-User
- 2.1.4. Asia Pacific IV Dressing Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific IV Dressing Key Market Trends
- 3.1. Asia Pacific IV Dressing Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific IV Dressing Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific IV Dressing Market Opportunities
- 3.4. Asia Pacific IV Dressing Market Future Trends
4. Asia Pacific IV Dressing Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific IV Dressing Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific IV Dressing Market Landscape
- 6.1. Asia Pacific IV Dressing Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific IV Dressing Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
- 7.1.2. Transparent
- 7.1.3. Translucent
8. Asia Pacific IV Dressing Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Reusable
- 8.1.3. Disposable
9. Asia Pacific IV Dressing Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 9.1.2. Hospitals
- 9.1.3. Clinics
- 9.1.4. Others
10. Asia Pacific IV Dressing Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific IV Dressing Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific IV Dressing Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. 3M Company
- 11.2.2. Cardinal Health, Inc.
- 11.2.3. Smith & Nephew PLC
- 11.2.4. McKesson Corporation
- 11.2.5. Covalon Technologies Ltd.
- 11.2.6. Becton, Dickinson, and Company
- 11.2.7. Molnlycke Health Care AB
- 11.2.8. DermaRite Industries, LLC
- 11.2.9. Dynarex Corporation
- 11.2.10. Essity AB (BSN medical)
- 11.2.11. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific IV Dressing Market: Product Type Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product Type
- TABLE Asia Pacific IV Dressing Market, by Product Type 2019-2032 (USD Million)
- TABLE Asia Pacific IV Dressing Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific IV Dressing Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific IV Dressing Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Asia Pacific IV Dressing Market, by End-User 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific IV Dressing Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific IV Dressing Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product Type segment market share analysis, 2023 & 2032
- FIGURE Product Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific IV Dressing Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific IV Dressing Market share analysis by country, 2023
- FIGURE India Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific IV Dressing Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
