Adhesive bandages are small sticking plasters used for small injuries. These bandages protect wounds from friction, bacteria, and dirt. The rising number of recreational activities such as adventure sports, trekking, and cycling also increases the related injuries, increasing the market size for bandages. For example, as per John Hopkins Medicine, in the U.S., about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year. Furthermore, the rising geriatric population and orthopedic diseases are some other major factors supporting the adhesive bandage market growth.
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The
Adhesive Bandages Market is expected to grow at a steady rate of around 5% owing
to the increasing off-road incidents and recreational activities. Major
companies in the market that offer adhesive bandages are 3M Company, Beiersdorf
AG, Cardinal Health Inc., ConvaTec Inc., Dynarex Corporation, Essity Aktiebolag
(publ), Johnson & Johnson Inc., Medline Industries LP, Ortho Medic Care NV,
and Smith & Nephew plc.
According to UnivDatos Market Insights (UMI)’
research report “Global Adhesive Bandages
Market”, the market is expected to witness robust growth during the
forecast period (2022-2028). This is mainly due to the growing
number of sports events and injuries in them.
Based on product type,
the market has
been categorized into medicated bandages and
non-medicated bandages. Among them, the medicated segment is expected to
witness lucrative growth during the forecast period. The rising efficacy and
the injuries are attributed to the increasing demand for medicated bandages.
Furthermore, the launch of a new product under the medicated bandages category
is responsible for the segment’s market growth in the adhesive bandages market.
For instance, At EWMA 2022, Winner Medical will showcase its latest and
industry-leading advanced wound care solutions such as Transparent Film
Dressing, Bordered Silicone Foam Dressing with SAF, and Antibiosis Series
Products, and its new product, the CMC dressing, will be launched during the
exhibition.
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Based on the application,
the market has been
categorized into wound management, orthopedic support,
pain management, sports & athletic wraps, and others. Among them, the
orthopedic support segment is expected to have significant growth in the
market. The rising prevalence of orthopedic disorders and the rising geriatric
population is catalyzing the market growth of the segment in the adhesive
bandages market. For instance, per the CDC, about 1 in 4 US adults
(23.7%) or about 58.5 million people have doctor-diagnosed arthritis.
Based on the
distribution channel, the market is segmented into retail
pharmacies, online pharmacies, hospital pharmacies, and others. Online
pharmacies are expected to witness lucrative growth during the forecast period.
This is mainly due to the rising adoption of the IoT and internet penetration
attributed to the significant growth of online pharmacies. For instance, the
global internet penetration rate is 62.5%.
North America to witness extensive growth
For a better understanding of the market
adoption of the adhesive bandages industry, the market is analyzed based on its
worldwide presence in the countries such as North America (U.S., Canada, Rest
of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of
Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of
World. North America constitutes a significant Adhesive Bandages market
due to the increasing R&D activities for developing a better and more
efficient method of pain management. For instance, the U.S. investments
in R&D increased by 13% in 2020 in comparison with 2018 which accounted for
US$ 586,959 in 2018 and reached US$ 664,058 in 2020
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According to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the adhesive bandages market
are 3M Company, Beiersdorf AG, Cardinal Health Inc., ConvaTec Inc., Dynarex
Corporation, Essity Aktiebolag (publ), Johnson & Johnson Inc., Medline
Industries LP, Ortho Medic Care NV, and Smith & Nephew plc.
“Global
Adhesive
Bandages Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for competitors
along with strategic factorial indexing measuring competitors’ capabilities on
different parameters. This will help companies in the formulation of go-to-market
strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By
Product Type (Medicated Bandages and Non-Medicated
Bandages)
2. By
Application (Wound Management, Orthopedic Support, Pain
Management, Sports & Athletic Wraps, and Others)
3. By
Distribution Channel (Retail Pharmacies, Online Pharmacies,
Hospital Pharmacies, and Others)
4. By
Region (North America, Europe, Asia-Pacific, Rest of
the World)
5. By
Company (3M Company, Beiersdorf AG, Cardinal Health
Inc., ConvaTec Inc., Dynarex Corporation, Essity Aktiebolag (publ), Johnson
& Johnson Inc., Medline Industries LP, Ortho Medic Care NV, and Smith &
Nephew plc.)
Key
questions answered in the study:
1.
What are the current and future trends
of the global adhesive bandages industry?
2.
How the industry has been evolving in
terms of product type, application, and distribution channel?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global adhesive bandages industry?
5.
What is the customer orientation, purchase
behavior, and expectations from the global s suppliers across various region
and countries?
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