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 RD activities for developing a better and more efficient method of pain management. For instance, the U.S. investments in RD 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:
- By Product Type (Medicated Bandages and Non-Medicated Bandages)
- By Application (Wound Management, Orthopedic Support, Pain Management, Sports Athletic Wraps, and Others)
- By Distribution Channel (Retail Pharmacies, Online Pharmacies, Hospital Pharmacies, and Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- 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:
- What are the current and future trends of the global adhesive bandages industry?
- How the industry has been evolving in terms of product type, application, and distribution channel?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global adhesive bandages industry?
- What is the customer orientation, purchase behavior, and expectations from the global s suppliers across various region and countries?
