Adhesive Bandages Market to Reach an Estimated Value of US$ 4.3 Bn by 2031

Adhesive Bandages Market Outlook 2031

• The global adhesive bandages market was valued at US$ 2.8 Bn in 2021

• The global market is projected to expand at a CAGR of 3.9% from 2022 to 2031

• The global adhesive bandages market is anticipated to reach more than US$ 4.3 Bn by 2031

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Global Adhesive Bandages Market Introduction

Adhesive bandages are small sticking plasters used for small injuries. These bandages protect wounds from friction, bacteria, and dirt. Launch of different types of adhesive bandages or medical plasters with different variables and functions is propelling the global adhesive bandages market. The COVID-19 outbreak restrained the global adhesive bandages market in the initial phase. However, increase in demand for innovative products is creating opportunities for market players operating in the global adhesive bandages market. Demand for butterfly stitches is high due to their application in closing edges of small or shallow wounds. Blue metal detectable bandages or plasters are used in the food industry for metal detection of contaminated food and health safety measures.

Increase in Incidence Rate of Injuries due to Recreational Activities and Road Accidents to Drive Market

Rise in number of recreational activities such as adventure sports, hunting, and trekking results in multiple cuts, abrasion, minor injuries, and wound formation on body parts, which need the application of adhesive bandages. The number of road accidents, both fatal and non-fatal, is rising across the world. Some of these non-fatal injuries require the application of adhesive bandages to prevent further damage. According to the Stanford Children's Health, nearly 3.5 million children and adolescents aged 14 and younger get hurt annually while playing a sport or participating in recreational activities in the U.S. According to statistics published by the World Health Organization (WHO), every year, around 1.35 million people die due to road accidents globally, and between 20 million and 50 million people suffer non-fatal injuries, with a large number incurring a disability as a result of the injury. This is expected to drive the demand for adhesive bandages.

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Rise in Efficacy in Healing Injuries Propelling Demand for Medicated Bandages

Based on product type, the medicated bandages segment accounted for dominant share of the global market in terms of revenue in 2021. This can be ascribed to the increase in incidence rate of injuries and efficacy of medicated bandages to cure these injuries; rise in awareness about wound infections; and launch of new product lines in adhesive bandages. The non-medicated bandages segment is expected to witness considerable growth during the forecast period due to the rise in geriatric population, which is more prone to orthopedic injuries & surgeries; increase in usage in orthopedic support activities; and growth in applications in the food industry.

High Demand for Water Repellent, Flexible, and Affordable Plastic Adhesive Bandages

The plastic segment held the largest market share in 2021. This trend is anticipated to continue during the forecast period owing to its advantages such as water repelling property, ease of use, comparatively low cost, and availability of more options for better flexibility in adhesive bandages. Currently, several options are available for plastic adhesive bandages such as polyurethane, polyvinyl chloride (PVC), and other material innovations such as liquid bandages in combination with plastic. The woven fabric segment is expected to grow at a high CAGR during the forecast period owing to enhanced flexibility, high level of comfort, and its property of not sticking to the wound.

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Growth in Sports-related Injuries to Boost Wound Management Segment

The wound management segment is projected to lead the global adhesive bandages market throughout the forecast period. Growth of the segment can be ascribed to the surge in the incidence rate of sports-related injuries and workplace & home injuries, increase in geriatric population prone to various injuries, and quick action for minor cuts. According to the International Labour Organization, around 340 million occupational accidents occur globally every year. Workplace injuries and accidents are a major concern due to industrialization, which causes severe non-fatal injuries at workplaces. According to International Labor Organization estimates, around 2.3 million women and men across the globe succumb to work-related accidents or diseases every year; this corresponds to more than 6,000 deaths every single day. Adhesive bandage tapes or medical adhesive tapes or surgical adhesive tapes are designed for usage in various healthcare applications. They are made to be used to close wounds and hold bandages in place. Band-Aid sterile flexible fabric adhesive bandages (available in assorted sizes) are primarily used to cover & protect minor wounds, cuts, scrapes, and burns.

Increase in Admissions in Hospitals & Emergency Clinics for Injury Treatment Propelling Hospitals & Clinics Segment

In terms of distribution channel, the hospitals & clinics segment dominated the global adhesive bandages market in 2021. Surge in cases of accidental injuries and increase in admissions in hospitals & emergency clinics for injury treatment can be ascribed to the high share of the hospitals & clinics segment. Additionally, availability of better first-aid facilities in hospitals & clinics is expected to drive the segment.

Impact of COVID-19 on Global Adhesive Bandages Market

The COVID-19 pandemic has resulted in postponement or cancellation of millions of surgeries across the world. According to a study published by the CovidSurg Collaborative, based on 12 week of period of peak disruption to hospital services due to COVID-19, 28.4 million elective surgeries were canceled or postponed globally in 2020. The modeling study, published in the British Journal of Surgery, indicates that each additional week of disruption to hospital services will be associated with a further 2.4 million cancellations.

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According to a study by the University of Birmingham, around 72.3% of all elective surgeries were canceled throughout the COVID-19 pandemic across 190 countries in May 2020; most of these were for non-cancer conditions. The most canceled surgeries were observed in the orthopedic specialty, accounting for around 6.3 million surgeries in only 12 weeks during the COVID-19 pandemic. Nationwide lockdowns, denied wound care services, canceled or postponed elective surgeries, and increase in skin injuries among COVID-19 medical care providers are projected to hamper the global wound care market during the forecast period. The supply chain for these products was affected due to lockdowns across the world.

Regional Analysis of Global Adhesive Bandages Market

North America accounted for the largest share of the global adhesive bandages market in 2021. This trend is expected to continue during the forecast period. Growth of the market in the region is attributed to the increase in incidence of sports and accidental injuries, rise in the rate of fall injuries among the geriatric population, and surge in number of product offerings by leading players. The market in Asia Pacific is likely to be driven by the rise in patient pool affected by different recreational, work-related, and domestic injuries; increase in geriatric population; and surge in awareness about wound infections in China, India, Japan, and Australia. According to the United Nations Population Fund (UNFPA), one in four people in Asia and the Pacific will be over 60 years old by 2050. The population of older persons (aged above 60) in the region will triple between 2010 and 2050, reaching around 1.3 billion.

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Analysis of Key Players in Global Adhesive Bandages Market

The adhesive bandages market report concludes with the company profiles section that includes key information about the prominent players in the global adhesive bandages market. Market participants focus on strategies such as new product launches, mergers & acquisitions (M&As), and partnerships to strengthen their market position. 3M, Beiersdorf AG (Maxingvest AG), Cardinal Health, Inc., ConvaTec, Inc., Dynarex Corporation, Essity Aktiebolag (publ), Johnson & Johnson Consumer, Inc., Medline Industries, LP, Ortho Medic Care NV, and Smith & Nephew plc are the key players operating in the market.

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