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Adhesive Bandages Market Overview
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.
Report Coverage
The report: “Adhesive Bandages Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Adhesive Bandages Market.
By Product Type- Medicated Bandages and Non-Medicated Bandages.
By Application: Wound Management, Orthopaedic Support, Pain Management, Others.
By Distribution Channels- Hospitals and Clinics, Pharmacies: Online & Retail, Retail Stores, Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- 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.
Adhesive Bandages Market: Market Share (%) by Region, 2021