Zion Market Research claims that the global adhesive bandages market was capitalized at almost US$ 3000 million in 2019 and is predicted to grow at a CAGR of almost 4% in the years to come. The global market is expected to grow in the coming few years, due to an elevation in the occurrence rate of injuries all over the world owing to different factors such as work and sports. In addition to this, factors such as elevation in the elderly population prone to orthopedic surgeries & injuries and latest product services by different companies are predicted to power the growth of global adhesive bandages market. Asia Pacific ruled the global market and is projected to remain in the top position in the years to come, due to an elevation in the injury prone people and rise in the in elderly population with advanced injury cases.
Major players active in the global market for adhesive bandages comprise 3M, Johnson & Johnson Consumer Inc., Beiersdorf AG, Essity Aktiebolag(publ).(BSN Medical), ConvaTec, Inc., Smith & Nephew plc, Medline Industries,Inc., Cardinal Health, Detectaplast, and DYNAREX Corporation.
Medicated Bandages Segment To Dominate The Global Market Due To An Elevation In The Occurrence Of Injuries
On the basis of product, the global market for adhesive bandages has been divided into non-medicated bandages and medicated bandages. The medicated bandages section has been additionally sub-classified into flexible fixation bandages and cohesive fabric bandages. The medicated bandages section ruled the global market, due to an elevation in the occurrence of injuries and advanced efficacy of medicated bandages in healing wounds quicker. The non-medicated bandages section has been further divided to flexible fixation bandages and cohesive fabric bandages.
Asia Pacific Market Predicted To Grow At An Outstanding CAGR In The Years To Come Owing To Increase In The Elderly Population
Regionally, the global market for adhesive bandages has been divided into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific ruled the global market for adhesive bandages, after North America. The Asia Pacific market is predicted to grow at an outstanding CAGR in the years to come, owing to a bigger patient pool with increase in the elderly population and superior injury incidence rate.
This review is based on a report by Zion Market Research, titled “Adhesive Bandages by Material (Plastic, Woven Fabric, Latex Strips), Market by Product Type (Non-medicated Bandages (Cohesive Fabric Bandages, Flexible Fixation Bandages), Medicated Bandages (Cohesive Fabric Bandages, Flexible Fixation Bandages)), by Distribution Channel (Retail Stores, Hospitals and Clinics, E – commerce), by Indication (Edema Control and Pain Management, Wound Management, Orthopedic Support, Others (Sports and Athletic Wraps, Post-surgical Compression)) – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
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