Adhesive Bandages Market Size is estimated to reach $2,217 million by 2027. Furthermore, it is poised to grow at a CAGR of 4.8% over the forecast period of 2022-2027. An adhesive bandage is a used for medical dressing that consists of a thin textile strips with a sticky surface on one side and a smaller, non-sticky, absorbent pad on the other. It is also known as medical or sticking plaster, and is used to protect minor wounds from further damage, friction, infection, and dirt. Adhesive bandages are used for various purpose such as wound management, orthopedics support, pain management and others. Adhesive bandages can be divided into medicated and non-medicated bandages. They are further segmented into flexible fixation bandages and cohesive fabric bandage. Cohesive fabric bandages are used to cover wounds and support injured joints and muscles, whereas flexible fixation bandages are used to hold compresses, dressings, and pads in place. Food preparation workers use blue adhesive bandages owing to greater visibility of these bandages in kitchen and other manufacturing settings. Furthermore, a thin metal strip is tucked between the pad of the bandages, so that it can be easily detected by the metal detectors used by food manufacturers to check for contamination during the manufacturing process.
The growing prevalence of chronic wounds, increase in the number of people preferring outdoor recreational activities as well as increasing prevalence of road accidents and injuries are some of the factors driving the Adhesive Bandages Market growth during the forecast period 2022-2027.
Adhesive Bandages Market Segmentation Analysis- By Product Type
Adhesive Bandages Market based on drug type can be further segmented into Medicated Bandages and Non-Medicated Bandages. Medicated Bandages held a dominant market share in the year 2021 and is estimated to be the fastest-growing, with a CAGR of 4.1% over the forecast period of 2022-2027. Medicated Bandages, also known as First Aid Plasters are used to prevent superficial injuries, minor cuts and bruises, and absorption of exudate and is medicated with an antiseptic solution. Increasing prevalence of chronic wounds, adoption of minimal invasive surgeries and increase in the number of road accidents are some of the key factors driving the market growth. According to WHO, road accidents are a serious public health issue, with more than 1.25 million people killed and 50 million people injured each year, thereby boosting the market growth of medicated bandages. Chronic wounds such as foot ulcers, infectious wounds, ischemic wounds, and surgical wounds are becoming more common, which has a favorable impact on market growth. The incidence of chronic wounds is more among the aged people owing to slower healing process. According to United Nations the number of older persons is estimated to be 1.5 billion in 2050, thereby augmenting the market growth over the forecast period.
For More Information About Adhesive Bandages Market @
Report Price: $ 4500 (Single User License)
Adhesive Bandages Market Segmentation Analysis- By Distribution Channels
Adhesive Bandages Market based on distribution channels type can be further segmented into Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies and Others. Hospitals Pharmacies held a dominant market share in the year 2021 owing to increasing number of hospitals in developing countries, better equipped first aid facilities and increasing prevalence of accidents and injuries. For instance, each year, more than 775,000 children aged 14 and under are treated in hospital emergency rooms for sports-related injuries, according to the American Academy of Pediatrics.
However, Online Pharmacies segment is estimated to be the fastest-growing, with a CAGR of 4.6% over the forecast period of 2022-2027 on account of lockdown restrictions owing to the pandemic, Various offers and discounts running on ecommerce sites and increasing use of internet as well as smart gadgets. The expansion of the online pharmacies market is expected to be aided by the increasing global penetration of e commerce. It is estimated that there were 2.14 billion worldwide digital buyers, and by 2040, 95 percent of all purchases are predicted to be made through eCommerce, propelling the rise of online pharmacies.
Adhesive Bandages Market Segmentation Analysis- By Geography
The Adhesive Bandages Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 35% in the year 2021 as compared to the other counterparts on account of well-developed healthcare infrastructure, increasing prevalence of chronic wounds and growing geriatric population. The increasing prevalence of sports injuries augmented the market growth. According to the American Academy of Paediatrics, over 3.5 million children aged 14 and under are injured each year while participating in sports or leisure activities, thereby propelling the market growth.
However, Asia-Pacific is estimated to be the fastest-growing, with a CAGR of 5.8% over the forecast period of 2022-2027 on account of increase in demand for better healthcare facilities, increase in number of road accidents and increasing adoption of surgery procedures. According to the World Health Organization, 93 percent of all traffic fatalities occur in low- and middle-income nations. Some of the middle-income countries are included in Asia Pacific, hence driving the market growth over the forecast period.
Adhesive Bandages Market Drivers
Injuries caused by sports and recreational activities is boosting the market growth
The increasing adoption of recreational activities such as cycling, camping, running and others injure muscles, skin, soft tissues, cartilage, and fascia in some cases and cause cuts, bruises, and other injuries in other, requiring the application of adhesive bandages. Overuse, direct impact, or applying a force larger than the body part’s structural capacity are all major causes of sports injuries. Sports injuries can cause cuts, bruises, strains, sprains, rips, fractured bones, and more. According to the Centres for Disease Control and Prevention (CDC), around 30 million children and adolescents participate in youth sports in the United States every year, with over 3.5 million sustaining injuries, which is propelling market growth. Furthermore, as a result of the pandemic restrictions, more people began working out at home, owing to which muscle pulls and strains became more common, which is driving the market growth of adhesive bandages.
Increasing Geriatric Population with higher risk of being susceptible to chronic wounds is driving the market growth
Chronic wounds are wounds that do not heal in a timely and orderly manner through the regular phases of wound healing. According to estimates of World Health Organisation (WHO), by 2030, one in every six persons in the world are estimated to be 60 years old or more, and by 2050, the world population of people aged 60 years and older get doubled (2.1 billion). With ageing, wound healing slows down. Furthermore, the rising prevalence of chronic diseases among the elderly has an impact on the body’s natural ability to heal. Cardiovascular diseases, such as coronary artery disease (CAD), peripheral arterial disease (PAD), and other heart and vessel issues, causes obstructions that prevent the flow of blood, oxygen, and nutrients to the wound, resulting in slow healing process, thereby fuelling market expansion.
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=15278
Adhesive Bandages Market Challenges
The increasing demand for medical glues and liquid bandages poses threat to market growth
A liquid bandage is a colourless, ointment-like fluid that is sprayed or applied directly on a wound. It helps wounds heal by ensuring a balanced moisture level and keeping bacteria and dust out, and it decreases pain by covering nerve endings. Liquid bandages adhere better to hard-to-bandage areas like knuckles and between fingers than plastic or fabric adhesive bandages. Medical glue is used by doctors to join together more serious skin lacerations. Increasing use of liquid bandages over adhesive bandages owing to its ease of use and application, water proofing and immediate protection continues to impede the market growth of adhesive bandages.
Adhesive Bandages Market Competitive Landscape
Product launches, acquisitions, mergers, and joint ventures, and geographical expansions are key strategies adopted by players in the Adhesive Bandages Market. The top 10- Adhesive Bandages Market companies are-
The 3M Company
Johnson and Johnson Consumer Inc
Smith & Nephew Pty Ltd
Conva Tec, Inc
B. Braun Melsungen AG
Nitto Denko Corporation
Sawyer Products Inc
In November 2021, Curad, a registered trademark of Medline Industries, established a strategic partnership with Kendra Dandy, a renowned artist, and illustrator. Her original designs are to be featured on CURAD’s classic adhesive bandages as part of the collaboration. The new bandage line includes designs such as pineapple, papaya, banana, and dragon fruit, which adds a dash of color, flair, and fun with an aim to heal in style
In April 2021, 3M launched new bandage line named Nexcare Duo focussing on pain free removal. Nexcare Duo has a silicone adhesive that provides a long-lasting hold while still being easy to remove. The silicone adhesive was created by 3M’s science and medical technology experts to provide 360-degree wound protection and nonslip grip in a bandage with flexible, water-resistant fabric that can withstand handwashing.
In June 2020, Johnson & Johnson, an American multinational firm that manufactures medical devices, pharmaceuticals, and consumer packaged goods, launched bandages in light, medium, and dark brown shades to celebrate the diversity of skin tones.
Geographically, North America held a dominant market share in the year 2021 on account health-care infrastructure which is well developed and increasing geriatric population with high risk of being susceptible to chronic wounds. Asia-Pacific is expected to offer lucrative growth opportunities to the manufacturers owing to the rising number of road accidents and injuries as well as the adoption of surgery procedures. The robust growth of medicated bandages segment is predicted to augment the market growth during the forecast period of 2022-2027.
Increasing number of injuries on account of recreational activities and sports is estimated to drive the market growth of adhesive bandages market. Moreover, the market is expected to rise owing to an increase in the elderly population, which is more prone to orthopaedic operations and injuries, as well as an increase in domestic work-related injuries among all age groups. However, new product options, such as therapeutic glues or gels, sprays and medical glues in the market continues to pose threat to the market growth.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Adhesive Bandages Market Report.
Pressure Bandages Market
For more Lifesciences and Healthcare related reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677