Key Market Indicators
Bermudian wound dressing imports are projected to decline significantly over the next five years, reaching approximately $38,000 by 2028. This marks a substantial drop from the current import value of around $62,000 in 2023, reflecting an average annual decrease of 7.7%. This downward trend is not new for Bermuda. Since 2015, the demand for wound dressings in the island nation has been contracting at an average rate of 6% per year. The continued decline underscores a shifting landscape in Bermuda's healthcare supply needs and poses questions about future strategies for maintaining adequate medical supplies.
