Adhesive Bandages Market - Growth, Trends, and Forecasts (2020 - 2025)
The adhesive bandages play a primary role in stopping bleeding and prevention of infections. Depending upon the application areas of a body, there are four major types of bandages used plastic, fabric, foam and tricot. With growing number of skin injuries particularly in old age and very young ages, drive the importance of adhesive bandages.
There are increased number of skin diseases and surgical procedures performed across large number of hospitals and multi-speciality centers, which also demand imporved capabilities of bandages used for healing of infection or wounded area of a body.
According to the report "Diabetes Footcare Pathway Blueprint, 2017", patients with diabetes are likely to suffer from foot ulcers and amputations. Around 450,000 diabetic people expereince foot ulcers and 7,000 undergoes amputation. It emrges the need for adhesive bandages to prevent from any further injuries.
Therefore, steady growth has been observed in type of bandages used for adhesive purposes. Such factors drive the adhesive bandages market, over the forecast period. However, in certain cases the material made of latex or polyurethane, hinders the use of such bandages and its market in a region.
Key Market Trends
Hospitals and Clinics are Estimated to Hold Major Share of the Adhesive Bandages Market, Over the Forecast Period
The hospitals and clinics are well equipped with first aid facilities available. A growing number of multispeciality hospitals are present across large number of cities with growing facilities to accommodate emergency admissions of patients. With that, large number of road accidents as well as trauma cases demand hospital admission and life saving activities, where an urgent and immediate requirement of adhesive bandages are very important.
The challenges lies in maintaining the avalibility of stock of adhesive bandages at such healthcare centers, which at times becomes a very costly affair for hospitals as well as patients with their faimilies. However, the usage are expected to rise cositently for this segment compared to other end users.
North America is Estimated to Have Major Share Over the Forecast Period
North America has a well-established infrastructure across the number of healthcare facilities, supported by government policies and structure reimbursement scenarios. Some of the primary consumers at large scale are children, parents, and caretakers. Also, to attract the consumer in this market segment, there are several efforts developed to create products that incorporate graphics or eye-catching design such as stickers, tattoos, holograms, glitter, and color-changing bandages. A wide presence of domestic and international players across the US and Canada drives the adhesive bandages business in the North American region.
The major market players are focusing on better distribution channel as well as reaching out to each category of patients with different diseases and age groups, which makes the companies grow in this market. Some of the major players in the market are 3M, B. Braun Melsungen AG, Cardinal Health, Inc., Johnson and Johnson, Smith & Nephew Pty Ltd, among others.
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