Global Adhesive Bandages Market Size, Share, Growth, Trends, Revenue, Consumption, Company Analysis and Forecast 2020-2027

According to Vision Research Reports, the global adhesive bandages market size surpassed US$ 2.9 billion in 2019 and to reach US$ 4 billion by 2027 with a CAGR of 3.8% during the forecast period from 2020 to 2027.

The adhesive bandages market is likely to expand in the next few years, owing to an increase in the incidence rate of injuries across the globe due to various factors such as sports and work. Moreover, factors such as rise in the geriatric population prone to orthopedic injuries & surgeries and newer product offerings by different players are expected to propel the global adhesive bandages market. Asia Pacific dominated the global adhesive bandages market and is expected to maintain its position in the coming years, owing to a rise in the injury prone patient pool and increase in the in aging population with higher injury cases. Asia Pacific is a lucrative region of the adhesive bandages market during the forecast period. The market in the region is expected to expand at a CAGR of around 3.5% during the forecast period.

Increase in the Incidence Rate of Injuries among All Age Groups and Rise in the Geriatric Population to Drive the Global Market

A rise in the incidence rate of injuries worldwide among all age groups due to sports, recreational activities, road accidents, and adventure activities is a major driver of the global adhesive bandages market. There is a rise in the prevalence of less severe injuries, which can be cured using adhesive bandages. For instance, as per the National Safety Council, U.S., in 2017, around 7,804,940 injuries due to sports and recreational activities were reported in the emergency departments of U.S. hospital. A rise in the geriatric population globally is also a major concern as older people are more prone for small accidents and injuries due to falls. The frequency of falls increases with age and frailty level. Therefore, a rise in the aging population is expected to boost demand for bandages. As per a United Nations report, there were an estimated 962 million people aged 60 years or above globally, which translates to 13% of the total population. Additionally, a rise in the incidence of domestic & work-related injuries and launch of various new product variants in adhesive bandages are major factors that are anticipated to drive the global adhesive bandages market.

Medicated Bandages to be a Dominant Segment

The medicated bandages segment is a dominant segment of the adhesive bandages market and is expected to maintain its position. It is projected to account for around 88.0% share of the market by 2027, expanding at a CAGR of around 2.9% to 3.3% during the forecast period. The segment is anticipated to reach a value of US$ 3,350 Mn in 2026. A rise in the incidence rate of injuries globally, increase in the efficacy of medicated bandages for faster healing of wounds, and introduction of new products such as butterfly stitches are projected to propel the segment in the next few years. The flexible fixation bandages sub-segment is likely to be highly lucrative and is expected to expand at a significant CAGR during the forecast period. This is due to the flexibility, durability, and less stickiness of flexible fixation bandages.

Plastic Segment to be a Highly Lucrative Segment

In terms of material, the plastic segment dominated the global adhesive bandages market and is expected to maintain its position with around 45% market share at the end of 2027. The plastic segment is anticipated to reach a value of US$ 1,640.0 Mn in 2027. It is projected to expand at a CAGR of between 2.9% and 3.3% during the forecast period. The segment is expected to be highly lucrative as plastic bandages offer convenience, innovative options, and lower raw material costs.

Wound Management Segment Dominated the Global Market

In terms of indication, the global adhesive bandages market has been segmented into wound management, edema control & pain management, orthopedic support, and others. The wound management segment held a major share of the global market in 2019. It is projected to continue to expand and constitute a prominent share of the market during the forecast period. The wound management segment is projected to hold around 79% market share in 2026. The segment is expected to expand at a higher CAGR of around 2.9% to 3.3%during the forecast period. A rise in the incidence of work-related & sports injuries, increase in the aging population, and better wound infection control for minor injuries through adhesive bandages are some of the major factors fuelling the segment.

E-commerce to be a Promising Segment in Terms of Distribution Channel

In terms of distribution channel, the global market has been segmented into hospitals & clinics, retail stores, e-commerce, and others. The hospitals & clinics segment held a major share of the global market in 2019. It is expected to expand during the forecast period, due to a rise in the number of emergency care admissions at hospitals due to injuries and better equipped first aid facilities available at hospitals & clinics. The e-commerce segment is estimated to be highly lucrative. It is expected to expand at a significant CAGR of around 3.0% 3.5% during the forecast period, due to a rise in the preference of people toward online purchases, convenience, and better discount pricing available on e-commerce platforms.

Asia Pacific Expected to Dominate the Global Market

In terms of region, the global adhesive bandages market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global adhesive bandages market, followed by North America in 2017. The market in Asia Pacific is expected to expand at a higher CAGR in the range between 3.0-3.5% during the forecast period of 2020 to 2027. The market in Asia Pacific was valued at US$ 790 Mn in 209. Asia Pacific held a market share of around 29%, due to a rise in the patient pool affected by recreational, work-related, and domestic injuries; increase in the geriatric population, and rise in awareness among people about wound infections.

The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global adhesive bandages market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the adhesive bandages market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of adhesive bandages market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

The report concludes with the company profiles section, which includes key information about major players in the market. Key players identified in this report are Johnson & Johnson Consumer Inc., 3M, Essity Aktiebolag(publ).(BSN Medical), Beiersdorf AG, Smith & Nephew plc., ConvaTec, Inc., Cardinal Health, Medline Industries,Inc., DYNAREX Corporation, and Detectaplast.. Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, Product Type portfolio, business segments, and recent developments.

The adhesive bandages market has been segmented as follows: 

  • Global Adhesive Bandages Market, by Product Type
    • Medicated Bandages
      • Cohesive Fabric Bandages
      • Flexible Fixation Bandages
    • Non-medicated Bandages
      • Cohesive Fabric Bandages
      • Flexible Fixation Bandages
  • Global Adhesive Bandages Market, by Material
    • Woven Fabric
    • Plastic
    • Latex Strip
    • Others (Foam, Tricot, Silicone, Hydrogel, Hydrocellular Material) 
  • Global Adhesive Bandages Market, by Indication
    • Wound Management
    • Edema Control & Pain Management
    • Orthopedic Support
    • Others (Post-surgical Compression, Sports & Athletic Wraps, Food Industry (for Prevention of Process Contamination)) 
  • Global Adhesive Bandages Market, by Distribution Channel
    • Hospitals & Clinics
    • Retail Stores
    • E-commerce
    • Others (Ambulatory Surgery Centers, Home Care Settings, Charity Organizations, NGOs, International Societies/Organizations) 
  • Global Adhesive Bandages Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe 
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Reasons to Purchase this Report:

- Estimates 2019-2026 adhesive bandages market development trends with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global adhesive bandages capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key adhesive bandages manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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