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Adhesive Bandages Market Size, Share and Global Trend By Product (Medicated Bandages , Non- Medicated Bandages), By Material (Fabric, Plastic, Latex), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Geography Forecast till 2021-2028

Region : Global | Report ID: FBI101222 | Status : Ongoing

 

KEY MARKET INSIGHTS

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.


Key Players Covered


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.


SEGMENTATION 


























SEGMENTATION



 DETAILS



By Product



· Medicated Bandages


· Non- Medicated Bandages



By Material



· Fabric


· Plastic


· Latex


· Others



By Distribution Channel



· Hospital Pharmacies


· Retail Pharmacies


· Online Pharmacies



By Geography



· 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.


Key Insights



  • Overview of the current industry trends and developments in adhesive bandages market

  • Reimbursement scenario for key countries

  • Key mergers and acquisitions


Regional Analysis


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.


Adhesive Bandages Industry Developments



  • In May 2019, Elkem ASA announced that it will showcase its new innovation, SILBIONE soft skin adhesives, in European Wound Management Association (EWMA) Conference 2019. The adhesive bandage is a silicone gel based adhesive bandage that is responsible to reduce pain and irritations.

  • In August 2018, Researchers at MIT have developed and patented an innovative kirigami inspired adhesive film which has its potential applications from bandages to wearables and have collaborated with medical supply company Tibet Cheezheng Tibetan Medicine Co. Ltd., to produce pain relief medical patches.

  • In April 2017, Johnson & Johnson Services, Inc., launched SKIN-FLEX a new Band-Aid that can stay upto 24 hours even through washing.


Adhesive Bandages  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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