Adhesive Bandages Market likely to surpass US$ 4 billion in Value by 2031, registering a CAGR of 4.4%
Zion Market Research has published a new report titled “Adhesive Bandages Market by Product Type (Medicated Bandages [Cohesive Fabric Bandages, Flexible Fixation Bandages], and Non-Medicated Bandages), by Material (Woven Fabric, Latex Strip, Plastic, and Others), by Indication (Edema Control & Pain Management, Wound Management, Orthopedic Support, and Others) and by Distribution Channel (Hospital Pharmacy, Retail Stores, E-Commerce and Others): Global Industry Perspective, Comprehensive Analysis and Forecast.
According to the report, global demand for The global adhesive bandages market is anticipated to register a CAGR of 4.4% from 2023 to 2031, expected to reach a valuation of US$ 4.3 billion.
Adhesive bandages or sticky plasters are used for tiny wounds which are not that severe to require full-size bandages. Adhesive bandages defend wounds against injuries, bacteria, friction, and dirt. They cure injuries and carry skin cuts. Adhesive bandages are also known as band-aid adhesive bandages, particularly in the U.S., and Elastoplast in the U.K. The demand for adhesive bandage is growing every year with growing sports injuries and other outdoor activities. As per stats by the Stop Sport injuries report more than 3.4 million kids below the age of 14 years receive medical treatment on sports injuries each year. The number of injuries under this age group is almost 38 percent of the total sport related injuries that are treated in hospitals. As per the SSI report around 60 percent of the organized sport injuries occur during sport practices. Thus, rising number of sport injuries is propelling the market growth for adhesive bandages.
The adhesive bandages market is segmented based on product, material, indication, and distribution channel. Based on product the market is bifurcated into medicated and non-medicated bandages. The medicated bandage segment is further divided into flexible fixation bandage, and cohesive fabric bandage. The segment for medicated bandages held maximum share of the market in 2018 due to its high efficacy in faster wound healing.
Based on material the market is segmented into latex strip, woven fabric, plastic, and others. The segment for plastic dominated the market in 2018, as plastic bandages offer more convenience, and have lower raw material costs. Based on indication the market for adhesive bandages is bifurcated into wound management, orthopedic support, edema control & pain management, and others. When it comes to proper healing of wound, physicians try different applications like advanced wound care dressing since it is more effective option for wound healing than traditional methods. These are designed primarily for necrotic wound types when physicians deal with extra dry wound sites.
On the basis of distribution channel, the market for adhesive bandages is segmented into retail stores, hospital pharmacy, e-commerce and others. The hospital pharmacies segment held major share in the market by distribution channel. High usage of bandages at hospitals and clinics, rising geriatric population base and injuries is propelling the market for adhesive bandage in hospital pharmacy segment.
Regionally, the adhesive bandages market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Europe and North America accounted for the major share in the global market in 2018 owing to significant driving factors such as increased diabetes incidence; North America has been recognized as the biggest adhesive bandages market worldwide, as these patients are at high risk of sepsis. Besides, increasing health consciousness is helping individuals participate in sports and recreational operations. According to the study released in 2017 by the Centers for Disease Control and Prevention, over 100 million U.S. people are living with diabetes or pre-diabetes and if the situation is not brought under control within five years it may lead to type 2 diabetes.
Some of the players in adhesive bandages market include are -
- Johnson and Johnson Consumer Inc.
- The 3M Company
- Conva Tec
- Beierdarf AG
- Detectaplast
- Smith & Nephew Pty Ltd.
- Dynarex Corporation.
This report segments the adhesive bandages market as follows:
Global Adhesive Bandages Market: Product Type segment Analysis
- Medicated BandagesCohesive Fabric BandagesFlexible Fixation Bandages
- Non-Medicated Bandages
Global Adhesive Bandages Market: Material Segment Analysis
- Woven Fabric
- Plastic
- Latex Strip
- Orphan Diseases
- Others
Global Adhesive Bandages Market: Indication Segment Analysis
- Edema Control & Pain Management
- Wound Management
- Orthopedic Support
- Physician Offices or Clinics
- Others
Global Adhesive Bandages Market: Distribution channel Segment Analysis
- Hospitals & Clinics
- Retail Stores
- E-commerce
- Others
Global Adhesive Bandages Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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