Key Market Indicators
The Dominican Republic's wound dressing export market is projected to decline significantly over the next five years. From a value of approximately $76 million in 2023, it is expected to drop to around $58 million by 2028. This represents an average annual decrease of 4.5%. The trend isn't new; since 2017, the country's wound dressing supply has been falling at an average rate of 4.7% per year. On the import side, the outlook is similarly bleak. The Dominican Republic's wound dressing imports are forecasted to decrease modestly from about $11 million in 2023 to approximately $10.5 million by 2028. This equates to an average annual decline of 0.7%. This downward trajectory in demand has been ongoing since 2006, with an average yearly decrease of 0.9%.
