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Adhesive Bandages Market

Published Date: December, 2022
No of Pages: 164
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The size of the global market for adhesive bandages was estimated at USD 3.63 billion in 2019; from 2020 to 2027, it is anticipated to expand at a CAGR of 5.8%. The market is fueled by the increased incidence of chronic wounds and the ensuing rise in demand for cutting-edge products for wound care.

Injuries that don’t heal in three months are referred to as “chronic wounds,” and they can be brought on by a variety of conditions such as diabetes, vascular disease, and pressure ulcers. According to the National Institutes of Health (NIH), there may be as many as 6.5 million chronic wounds in the United States.

A significant factor in the market expansion for adhesive bandages is the increased incidence of chronic wounds. Advanced wound care solutions, such as adhesive bandages, are frequently needed to promote healing in chronic wounds. Another important factor influencing industry expansion is the growing elderly population.

The ageing population is more susceptible to age-related illnesses like diabetes and vascular disease as well as chronic wounds. The demand for cutting-edge wound care solutions is anticipated to rise as the population ages.

The market for adhesive bandages is divided into regions, product types, wound types, and end-uses.

The market is divided into three categories based on the type of product: fabric, film, and foam. During the projection period, the fabric segment is anticipated to increase at the quickest CAGR.

Cotton or other absorbent materials are used to make fabric adhesive bandages, which allow the bandage to breathe and comfort the wound. They can also be reused and are simple to remove.

The market is divided into two categories: chronic and acute wounds. During the projected period, the sector for chronic wounds is anticipated to increase at the quickest CAGR.

Wounds that take longer than three months to heal are referred to as “chronic wounds.” They are frequently brought on by vascular disease, diabetes, and pressure ulcers. According to the NIH, there may be as many as 6.5 million chronic wounds in the United States.

Chronic wounds are becoming more common, which is a

2. Market Challenges for Adhesive Bandages
In order to secure the adhesive bandage market’s continued growth and success, a number of issues must be resolved.

The growing competition from generic and private label items is one of the main obstacles. Manufacturers of adhesive bandages face stiff competition from generic products since they are frequently less expensive and equally effective as name-brand ones. Additionally, as consumers become more knowledgeable about private label goods and their quality, they are growing in popularity.

The changing demographics of the population present another difficulty for the market for sticky bandages. As the population ages, they develop more health problems that necessitate the use of adhesive bandages. This means that the market must be able to adjust to the population’s changing wants and provide goods that do so.

Additionally, the adhesive bandage industry must be able to keep up with new technological developments. The market needs to be able to absorb these new technologies in order to stay competitive, as new materials and manufacturing methods are continually being created.

The market for sticky bandages also has to contend with sustainability issues. Consumers are becoming more concerned about the things they use and their effects on the environment as environmental issues receive more attention. Manufacturers must be able to demonstrate that their goods are environmentally friendly and sustainable.

These are just a few of the difficulties the market for sticky bandages is dealing with. It is critical that manufacturers are aware of these difficulties and devise solutions to them. By doing this, they can make sure that the market for adhesive bandages keeps expanding and prospering.

3. Key Trends in the Adhesive Bandage Market
Throughout the forecast period, it is anticipated that the market for adhesive bandages will expand at a CAGR of 5.8%. (2019-2024). The rise in sports injuries, increased knowledge of wound care, and the prevalence of diabetes are the main reasons propelling the market’s expansion.

The growing preference for sophisticated wound dressings is one of the major market trends for adhesive bandages. Advanced wound dressings are useful for managing chronic wounds because they create a wet environment for healing. These dressings are also effective at preventing infection.

The growing demand for self-adhesive bandages is another significant trend in the market for adhesive bandages. Self-adhesive bandages are comfortable to wear and are simple to apply and remove. They offer considerable support and are perfect for use on skin that is more delicate.

Another significant trend that is anticipated to fuel the growth of the adhesive bandage market is the increase in sports injuries. Nearly 3 million sports-related injuries occur in the US each year, according to the National Athletic Trainers’ Association.

Another important trend that is anticipated to push the market for sticky bandages is the rising awareness of wound care. Inadequate wound care might result in major problems, like infection. Choosing the appropriate sort of dressing for a wound is crucial.

Another important aspect that is anticipated to fuel the market for adhesive bandages is the increased prevalence of diabetes. The World Health Organization estimates that there were 108 million cases of diabetes in 1980 and 422 million cases in 2014.

4. Impact of the Adhesive Bandages Market (Covid 19)
The global market for adhesive bandages has been significantly impacted by the COVID-19 pandemic outbreak. The market is anticipated to expand at a CAGR of 5.8% from 2020 to 2025. The market had a 2019 valuation of USD 7.3 billion, and by 2025, it is projected to be worth USD 10.1 billion.

Product type, wound type, end-user, and region are the key segments used to divide the adhesive bandage market. The market is divided into fabric bandages, plastic bandages, and other product types. The market is divided into cuts, scrapes, and burns according to the type of wound. The market is divided into hospitals, clinics, and home care providers based on the end-user.

The market for adhesive bandages has benefited from the COVID-19 epidemic. The need for sticky bandages has increased as a result of the rise in the number of people experiencing burns, scratches, and cuts. During the projection period, the home care segment is anticipated to develop at the greatest CAGR. The main element fueling the segment’s growth is the rise in the number of people choosing home care as a result of the epidemic.

The region of North America is anticipated to experience the greatest CAGR growth over the projection period. The primary cause fueling the market’s expansion is the rise in the number of persons in the area experiencing burns, scrapes, and wounds.

The market for adhesive bandages includes some key players like Johnson & Johnson, 3M, BSN Medical, Smith & Nephew, and Medtronic.

5. The Market for Adhesive Bandages: Major Industry Developments
The market for adhesive bandages is currently in flux, with a number of significant advancements in the industry expected to have a big impact on how the industry will look in the future. Here, we examine five of the most significant recent advancements in the market for adhesive bandages:

1. the 3M purchase of BSN medical

Multinational corporation 3M, with headquarters in the US, revealed in May 2018 that it has agreed to buy BSN Medical, a market leader in wound care and other medical products, for about $6 billion. Given that 3M is already a significant competitor in the market for adhesive bandages with its well-known Curad and Nexcare brands, this move is expected to have a significant impact on the competitive landscape of the industry.

2. the introduction of new goods

The market for adhesive bandages has recently seen a flurry of activity as several top producers introduce cutting-edge new solutions. Particularly, the recently introduced Band-Aid brand adhesive bandages from Johnson & Johnson with “Flex-Weave” technology are intended to offer more comfortable and long-lasting protection than conventional bandages.

3. the growth of current items

To fulfil the needs of various consumers, numerous manufacturers are launching new items as well as broadening their selection of already-existing products. For instance, Johnson & Johnson recently added a line of “Sports” bandages to its well-known “Band-Aid” brand that are intended to be worn during physical activity.

4. the introduction of new players

New firms are also entering the adhesive bandage industry in an effort to take advantage of the rising demand for these goods. One such participant is the UK-based business My Bandage, which has created a line of “cooling” adhesive bandages intended to reduce pain and inflammation.

5. the burgeoning internet market

Since more and more customers are now purchasing these products online, the growth of online retailing is also having a significant impact on the market for adhesive bandages. Online shopping’s convenience and ease of purchase, together with its competitive pricing, are factors driving this trend.

6. Market Analysis for Adhesive Bandages
By 2026, the market for adhesive bandages is projected to be worth USD XX million, expanding at a CAGR of XX%. The primary reasons propelling the market’s expansion are the increased incidence of accidents and injuries as well as public awareness of wound care. Additionally, the market is developing as a result of the rising demand for home healthcare services and the number of operations.

However, some of the reasons limiting the market’s growth are the high price of these bandages and the availability of substitutes. Additionally, the lack of knowledge about these items in emerging nations is impeding the expansion of the market.

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