openPR Logo
Press release

Adhesive Bandages Market 2018 By Emerging Trends, Industry Share, Regional Overview and SWOT Analysis till 2026

07-01-2022 11:55 AM CET | Health & Medicine

Press release from: Transparecny Market Research

Adhesive Bandages Market 2026

Adhesive Bandages Market 2026

The global adhesive bandages market was valued at around US$ 2800 Mn in 2017. It is projected to expand at a CAGR in the range of 3.0% to 3.5% during the forecast period from 2018 to 2026. The adhesive bandages market is likely to expand in the next few years, owing to an increase in the incidence rate of injuries across the globe due to various factors such as sports and work. Moreover, factors such as rise in the geriatric population prone to orthopedic injuries & surgeries and newer product offerings by different players are expected to propel the global adhesive bandages market. Asia Pacific dominated the global adhesive bandages market and is expected to maintain its position in the coming years, owing to a rise in the injury prone patient pool and increase in the in aging population with higher injury cases. Asia Pacific is a lucrative region of the adhesive bandages market during the forecast period. The market in the region is expected to expand at a CAGR of around 3.5% during the forecast period.

Access Full Report @ https://www.transparencymarketresearch.com/adhesive-bandages-market.html

Increase in the Incidence Rate of Injuries among All Age Groups and Rise in the Geriatric Population to Drive the Global Market

A rise in the incidence rate of injuries worldwide among all age groups due to sports, recreational activities, road accidents, and adventure activities is a major driver of the global adhesive bandages market. There is a rise in the prevalence of less severe injuries, which can be cured using adhesive bandages. For instance, as per the National Safety Council, U.S., in 2017, around 7,804,940 injuries due to sports and recreational activities were reported in the emergency departments of U.S. hospital. A rise in the geriatric population globally is also a major concern as older people are more prone for small accidents and injuries due to falls. The frequency of falls increases with age and frailty level. Therefore, a rise in the aging population is expected to boost demand for bandages. As per a United Nations report, there were an estimated 962 million people aged 60 years or above globally, which translates to 13% of the total population. Additionally, a rise in the incidence of domestic & work-related injuries and launch of various new product variants in adhesive bandages are major factors that are anticipated to drive the global adhesive bandages market.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2378

Medicated Bandages to be a Dominant Segment

The medicated bandages segment is a dominant segment of the adhesive bandages market and is expected to maintain its position. It is projected to account for around 88.0% share of the market by 2026, expanding at a CAGR of around 2.9% to 3.3% during the forecast period. The segment is anticipated to reach a value of US$ 3,350 Mn in 2026. A rise in the incidence rate of injuries globally, increase in the efficacy of medicated bandages for faster healing of wounds, and introduction of new products such as butterfly stitches are projected to propel the segment in the next few years. The flexible fixation bandages sub-segment is likely to be highly lucrative and is expected to expand at a significant CAGR during the forecast period. This is due to the flexibility, durability, and less stickiness of flexible fixation bandages.

Request Brochure of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2378

Plastic Segment to be a Highly Lucrative Segment

In terms of material, the plastic segment dominated the global adhesive bandages market and is expected to maintain its position with around 43% market share at the end of 2026. The plastic segment is anticipated to reach a value of US$ 1,640.0 Mn in 2026. It is projected to expand at a CAGR of between 2.9% and 3.3% during the forecast period. The segment is expected to be highly lucrative as plastic bandages offer convenience, innovative options, and lower raw material costs.

Wound Management Segment Dominated the Global Market

In terms of indication, the global adhesive bandages market has been segmented into wound management, edema control & pain management, orthopedic support, and others. The wound management segment held a major share of the global market in 2017. It is projected to continue to expand and constitute a prominent share of the market during the forecast period. The wound management segment is projected to hold around 79% market share in 2026. The segment is expected to expand at a higher CAGR of around 2.9% to 3.3%during the forecast period. A rise in the incidence of work-related & sports injuries, increase in the aging population, and better wound infection control for minor injuries through adhesive bandages are some of the major factors fuelling the segment.

E-commerce to be a Promising Segment in Terms of Distribution Channel

In terms of distribution channel, the global market has been segmented into hospitals & clinics, retail stores, e-commerce, and others. The hospitals & clinics segment held a major share of the global market in 2017. It is expected to expand during the forecast period, due to a rise in the number of emergency care admissions at hospitals due to injuries and better equipped first aid facilities available at hospitals & clinics. The e-commerce segment is estimated to be highly lucrative. It is expected to expand at a significant CAGR of around 3.0% 3.5% during the forecast period, due to a rise in the preference of people toward online purchases, convenience, and better discount pricing available on e-commerce platforms.

Make an Enquiry before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2378

Asia Pacific Expected to Dominate the Global Market

In terms of region, the global adhesive bandages market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global adhesive bandages market, followed by North America in 2017. The market in Asia Pacific is expected to expand at a higher CAGR in the range between 3.0-3.5% during the forecast period of 2018 to 2026. The market in Asia Pacific was valued at US$ 780.0 Mn in 2017. Asia Pacific held a market share of around 27.0%, due to a rise in the patient pool affected by recreational, work-related, and domestic injuries; increase in the geriatric population, and rise in awareness among people about wound infections.

Johnson & Johnson Consumer Inc. and 3M are among Major Players in the Global Market

The global adhesive bandages market is fragmented and has the presence of a number of players. Key players operating in the global market include Johnson & Johnson Consumer Inc., 3M, Essity Aktiebolag(publ).(BSN Medical), Beiersdorf AG, Smith & Nephew plc, ConvaTec, Inc., Cardinal Health, Medline Industries,Inc., DYNAREX Corporation, and Detectaplast. Johnson & Johnson Consumer Inc. and 3M are market leaders in adhesive bandages. Strategies adopted by key players include more product offerings with high quality such as decorative bandages, better brand image, and market expansion through different platforms such as tie ups with online platforms.

More Related Reports by Transparency Market Research -

Blood Pressure Monitoring Devices Market: https://www.transparencymarketresearch.com/blood-pressure-monitoring-devices-market.html

Wellness Tourism Market: https://www.transparencymarketresearch.com/wellness-tourism-market.html

Incontinence Products Market: https://www.transparencymarketresearch.com/incontinence-market.html

Skin Rejuvenation Market: https://www.transparencymarketresearch.com/skin-rejuvenation-market.html

Cosmetic Procedures Market: https://www.transparencymarketresearch.com/cosmetic-procedures-products.html

Hemostats Market: https://www.transparencymarketresearch.com/hemostats-market.html

Lyme Disease Diagnostics Market: https://www.transparencymarketresearch.com/lyme-disease-diagnostic.html

Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Adhesive Bandages Market 2018 By Emerging Trends, Industry Share, Regional Overview and SWOT Analysis till 2026 here

News-ID: 2668966 • Views: 147

More Releases from Transparecny Market Research

Half-Inch CIS Based Surveillance Camera Market Analysis, Opportunities And Forec …
CMOS Image Sensor (CIS) technology has been making significant progress since the last decade. Image sensor performance has improved substantially in the last few years. The CIS technology has witnessed commercial success since the introduction of mobile phones that possess onboard cameras. CMOS image sensors are likely to completely displace CCD imaging devices in the same way that CCD devices displaced video capture tubes during the mid-1980s. Get Report Details- https://www.transparencymarketresearch.com/asean-half-inch-cis-based-surveillance-camera-market.html The
Low Power Geolocation Market Growth and Business Opportunities in Coming Years | …
Geolocation is the process of identifying, locating, and communicating the exact location of a computer, networking device, etc. It allows location of devices based on geographical coordinates and measurement. A low-power geolocation system contains an improved tracking solution designed to track the location of devices that use low-power wireless technologies such as Bluetooth, WiFi, and Zigbee Low power geolocation technology aims to provide real-time location information about assets and users. Therefore, clearly
Battery Management System Market Scope, Analysis, Size, Share, Trends by 2027
As part of Industry 4.0 or the Fourth Industrial Revolution, the battery powered apps and cloud-based software and services are amongst the most popular buzzwords. Battery management systems that are cloud-based are becoming increasingly popular across a variety of industries, such as consumer electronics, telecom, and automotive. Increased adoption of electric cars, as well as growing emphasis on improving battery energy efficiency, are likely to boost demand for battery management
The Role of Membrane Microfiltration Market Industry Growth, Competitors Analysi …
The membrane microfiltration market is anticipated to witness an impressive growth at a CAGR of over 7.5% through 2028. As end-use industries are willing to invest in cost-effective solutions for sustainable Access Full Report @ https://www.transparencymarketresearch.com/membrane-microfiltration-market.html manufacturing, worldwide demand for membrane microfiltration is estimated to exceed US$ 8 Bn by the end of 2028, registering a significant upswing from the sales in 2018. This growth can be attributed to growing popularity of microfiltration

All 5 Releases