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In December 2018, Global Biomedical Technology added a new wound care product, Comfort Release adhesive bandage in its product portfolio. The company showcased their new product at 5th Annual Innovations in Wound Healing meeting, which was held in the U.S. The closure of the injury and to prevent bleeding is one of the critical parts in wound care which needs special attention with the aim to avoid complications such as infection, hemorrhage, and others.
For closing the injuries, wounds, burns or cuts, adhesive bandages are used worldwide so that the healing procedure is left undisturbed. Adhesive bandages are a germ-free compress of layers of gauze, absorbent pad affixed to a fabric, or plastic coated with a pressure-sensitive adhesive. They are available in different materials as well as invariants. According to the National Safe Kids Campaign and the American Academy of Pediatrics, an estimated 3.5 million injuries are caused due to sports each year in the U.S.
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Global adhesive bandages market growth is being driven by the increasing prevalence of chronic wounds, accidents, burns, and sports injuries. According to The American Professional Wound Care Association, the prevalence of surgical wounds is highest amongst all types of wounds, followed by diabetic wound infections.
However, the availability of the substitute products for adhesive bandages such as dressings, ointments, and others are expected to hamper the growth of the global adhesive bandage market by 2026.
The major companies covered in the global adhesive bandages market report include Johnson & Johnson Services, Inc., Beiersdorf AG, 3M, Goldwin Medicare, Aso LLC, Precision Coatings Pvt Ltd, L&R USA INC., ConvaTec Inc., Medline Industries, Inc., Elkem ASA, and Others.
· Medicated Bandages
· Non- Medicated Bandages
By Distribution Channel
· Hospital Pharmacies
· Retail Pharmacies
· Online Pharmacies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
As per current adhesive bandages market trends, medicated bandage segment is currently dominating the market and will continue its dominance due to high patient convenience, ease in availability, and effective treatment outcome of medicated bandage.
The global adhesive bandages market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The adhesive bandages market is anticipated to expand in North America during the forecast years owing to the fast adoption of adhesive bandages for immediate treatment of the wound. Moreover, increasing prevalence of wounds is expected to drive the growth of the adhesive bandages during the forecast period. In Europe, increasing prevalence of burns, acute wounds, and sports injuries are projected to boost the adhesive bandages market by 2026. In the Asia Pacific and Latin America, growing accidents and increasing prevalence of occupational injuries are anticipated to offer significant opportunity for the growth of the adhesive bandages market during the forecast period.
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