Press release
Global Smart Bandage Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033
Global Smart Bandage Market
Smart Bandage Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.75 billion In 2028 At A CAGR Of 16.8% :
The smart bandage market size has grown rapidly in recent years. It will grow from $0.80 billion in 2023 to $0.94 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to increasing demand for minimally invasive and personalized healthcare solutions, improving healthcare infrastructure, rise in incidence of diabetic foot ulcers, growth in acceptance of telemedicine and telehealth solutions, rise number of diabetes patients.
The smart bandage market size is expected to see rapid growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed increasing cases of chronic diseases, increasing geriatric population, rising healthcare expenditure, growing awareness about wound care management, increasing demand for personalized wound car. Major trends in the forecast period include technological advancement, increasing research and development programs, adoption of artificial intelligence (AI), adoption of wireless technology, focusing on research and development in smart bandages.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15670&type=smp
Smart Bandage Market Major Segments
The smart bandage market covered in this report is segmented -
1) By Material: Graphene, Synthetic Fiber
2) By Product: Electroactive, Sensor-Based, Oxygen Sensing, pH Sensing, Other Products
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Trauma Centers, Other Distribution Channels
4) By Application: Chronic Wound Management, Burns, Sports Injuries, Post-Surgical Care, Other Applications
Key Driver - Increased Smartphone Adoption Boosting The Nfc Market
The increasing prevalences of chronic diseases are expected to propel the growth of the smart bandage market going forward. Chronic diseases are health disorders that last three months or longer, require continuing medical care, or restrict everyday activities. Chronic diseases are on the rise due to genetic predisposition, aging populations, and unhealthy lifestyle choices. Smart bandages play a crucial role in managing chronic diseases by providing early detection of complications, enabling remote monitoring and management, facilitating personalized treatment, and preventing complications. These benefits improve patient outcomes and quality of life for individuals with chronic diseases. For instance, in September 2023, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, each year around 41 million deaths worldwide, accounting for 74% of all fatalities attributed to chronic diseases. This includes 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Therefore, the increasing prevalence of chronic diseases is driving the growth of the smart bandage market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15670&type=smp
Prominent Trend - Wirelessly Powered Bandages For Enhanced Wound Healing And Infection Prevention
Major companies operating in the smart bandage market are involved in research and development activities to develop innovative products such as wirelessly powered bandages to help patients with non-healing wounds and avoid infection. A wirelessly powered bandage is a type of smart bandage that uses wireless technology to receive power and transfer data without using connected connections. These bandages are designed by researchers from the U.K. and France that are flexible, conformable, and easy-to-wear, allowing for ongoing wound monitoring and therapy. For instance, in May 2023, researchers from the University of Glasgow, a UK-based public research university, and the University of Southampton, a UK-based public research university, introduced wirelessly powered smart bandages. This is equipped with light-emitting diodes (LEDs) that bathe wounds in sterilizing UV light, preventing bacterial development without antibiotics. It powers the UV LEDs wirelessly using a small, flexible inductive coil embedded into the bandage cloth. The coil receives power over the air, sent from a second coil linked to the electrical mains, allowing the LEDs to be powered continuously. The wireless power delivery technology is twice as efficient as prior wearable wireless power receivers, making it ideal for medical use.
Smart Bandage Market Players
Major companies operating in the smart bandage market are Johnson & Johnson Services Inc. , The 3M Company, Medtronic plc, Baxter International Inc., Medline Industries Inc., Smith & Nephew plc, Paul Hartmann AG, Convatec Group PLC, Mölnlycke Health Care AB, Lohmann & Rauscher International GmbH & Co. KG, University of Connecticut, Tufts University, Tyndall National Institute, BSN medical GmbH, Fleming Medical Ltd., Xerafy Ltd., OSNovative Systems, Epicore Biosystems, Grapheal , WINDGO Inc., Band-Aid Technologies, Gentag Inc.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/smart-bandage-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the smart bandage market in 2023. The regions covered in the smart bandage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Bandage Market Report Structure
3. Smart Bandage Market Trends And Strategies
4. Smart Bandage Market - Macro Economic Scenario
5. Smart Bandage Market Size And Growth
…..
27. Smart Bandage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Smart Bandage Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033 here
News-ID: 3545594 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
