Medical Bandages Market Growth, Upcoming Opportunities, In-depth Analysis of Industry Players (2022-2026)

Increase in number of sport injuries in the country, surge in geriatric population, and rise in number of accident cases in the country drive the growth of the Saudi Arabia medical bandages market. However, availability of advanced wound care products may hinder the market growth. On the other hand, better access to healthcare services and availability of improved healthcare infrastructure create new opportunities in the coming years.

According to the report published by Allied Market Research, the medical bandages market accounted for $136 million in 2018, and is expected to reach $213 million by 2026, registering a CAGR of 5.7% from 2019 to 2026. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "The demand for medical bandages is on the rise in Saudi Arabia, owing to surge in incidence of sports injuries. Furthermore, rise in number of surgical procedures across the globe is another factor that fuels the growth of the market."

Covid-19 scenario:

During the corona virus pandemic, the demand for medical bandages has been decreased; however, the manufacturing activity has not been affected.

Various surgeries have been postponed by hospitals to minimize gathering of people in husband and reduce probability of corona virus infection. Moreover, the number of accidents has been decreased during the lockdown in Saudi Arabia.

The report offers a detailed segmentation of the Saudi Arabia medical bandages market based on product, application, and end user.

Key Findings Of The Study

By product, the gauze bandage segment occupied approximately more than half share of the Saudi Arabia medical bandages market in 2018.

By application, the surgical wounds segment occupied one-third share of the Saudi Arabia medical bandages market in 2018.

By application, the ulcers segment is anticipated to grow with the highest CAGR throughout the forecast period

By end user, the hospitals segment accounted for half share of the market in 2018.

By end user, the ambulatory surgical centers segment is anticipated to grow with the highest CAGR throughout the forecast period.

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Leading market players analyzed in the research include The National Medical Products Co., Ltd., (Damad), Dukal Corporation, Dynarex Corporation., Medline Industries, Inc., DeRoyal Industries, Inc., NICHIBAN Co., Ltd., Smith & Nephew plc, The 3M Company, Medtronic plc., and Cardinal Health.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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