Adhesive Bandages Market by Product and Geography - Forecast and Analysis 2022-2026

The adhesive bandages market share is expected to increase by USD 622.43 million from 2021 to 2026, at an accelerating CAGR of 4.26%.

The adhesive bandages market has been broadly categorized into the following demographic segmentations: 

• Product - Medicated bandages and non-medicated bandages
• Geography - North America, Europe, Asia, and Rest of World (ROW)

The adhesive bandages market report also offers information on several market vendors, including 3M Co., Argentum Medical LLC, B. Braun SE, Beiersdorf Aktiengesellschaft, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Dynarex Corp., Essity Aktiebolag, Goldwin Medicare Ltd., Integra Lifesciences Holdings Corp., Johnson and Johnson, Lohmann and Rauscher GmbH and Co. KG, Medline Industries Inc., Medtronic Plc, Milliken and Co., Molnlycke Health Care AB, Paul Hartmann AG, Smith and Nephew plc, and Triage Meditech Pvt. Ltd. among others.

One of the key highlights of the adhesive bandages research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Adhesive Bandages Market Size be During the Forecast Period?

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Adhesive Bandages Market: Key Drivers, Trends, and Challenges

The growing number of surgical procedures is notably driving the adhesive bandages market growth, although factors such as the availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the adhesive bandages industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Adhesive Bandages Market Driver

• One of the key drivers supporting the adhesive bandages market growth is the growing number of surgical procedures.
• There is a growing prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular diseases, worldwide.
• According to the data provided by the International Diabetes Federation (IDF), in 2021, approximately 537 million adults in the age group of 20-80 years were diagnosed with diabetes globally.
• If diabetes is not managed properly, complications arising due to it can require corrective surgeries. These include amputation due to diabetic foot, treatment of diabetic ulcers, vitrectomy for treating diabetic retinopathy, and bariatric surgery.
• Adhesive bandages are beneficial in managing diabetic ulcers. Thus, with the increasing prevalence of diabetes, the demand for adhesive bandages is likely to increase during the forecast period.

Key Adhesive Bandages Market Trend

• One of the key adhesive bandages market trends fueling the market growth is the growing demand for adhesive bandages from ambulatory surgical centers (ASCs).
• ASCs are found in most developed countries such as the US, Canada, the UK, France, and Germany, which have modern hospital facilities and provide same-day surgical care.
• ASCs benefit the patients with cost-effective surgeries, which can be performed in a shorter duration. Patients can have their surgeries done in a fully equipped operating room.
• More than 90% of ASCs report three or fewer infections per 1,000 patient encounters. Such studies show that the quality of care delivered in ASCs is equally good compared to hospital care. This, in turn, will positively impact the adhesive bandages market growth during the forecast period.

Key Adhesive Bandages Market Challenge

• One of the challenges impeding the adhesive bandages market growth is the availability of substitutes. 
• Substitutes for adhesive bandages comprise film dressing, hydrogel, foam, and alginate dressing. These dressings are in direct contact with the wound.
• Film dressings are made of a thin polyurethane membrane and are coated on one side with an acrylic adhesive. These are used to cover and protect catheter sites and wounds.
• Transparent film dressings are widely used for covering wounds as they enable visualization of the wound and minimize unnecessary dressing changes. These are polymer membranes that are coated on one side with an adhesive.
• Hydrogels are hydrophilic, three-dimensional (3D) polymer networks that can imbibe large amounts of water. These are used in biomedical applications such as tissue engineering and regenerative medicine. Such available substitutes may hinder the adhesive bandages market growth during the forecast period.

This adhesive bandages market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Which are the Key Regions for Adhesive Bandages Market?

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40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the adhesive bandages market in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).

The advanced healthcare infrastructure will facilitate the adhesive bandages market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted the regional adhesive bandages market. However, in H2 2021, due to the availability of vaccines and reduction in COVID-19 cases in the region, hospitals and other healthcare facilities resumed elective procedures and surgeries. Thus, the regional demand for adhesive bandages rebounded. In view of this, the regional market is expected to grow during the forecast period.

What are the Revenue-generating Product Segments in the Adhesive Bandages Market?

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The adhesive bandages market share growth by the medicated bandages segment will be significant during the forecast period. Medicated cohesive fabric bandages are used to cover wounds and provide support to injured joints and muscles, whereas medicated flexible fixation bandages are used to hold dressings, compresses, and pads in place. Medicated cohesive fabric bandages adhere to themselves and not the skin or hair of the user. These are latex-free, water-resistant, and hand-tearable and leave no glue residuals after removal. These factors of medicated bandages will drive the adhesive bandages market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the adhesive bandages market size and actionable market insights on post COVID-19 impact on each segment.

Who are the Major Adhesive Bandages Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Argentum Medical LLC
• B. Braun SE
• Beiersdorf Aktiengesellschaft
• Cardinal Health Inc.
• Coloplast AS
• ConvaTec Group Plc
• Dynarex Corp.
• Essity Aktiebolag
• Goldwin Medicare Ltd.
• Integra Lifesciences Holdings Corp.
• Johnson and Johnson
• Lohmann and Rauscher GmbH and Co. KG
• Medline Industries Inc.
• Medtronic Plc
• Milliken and Co.
• Molnlycke Health Care AB
• Paul Hartmann AG
• Smith and Nephew plc
• Triage Meditech Pvt. Ltd.

 

This statistical study of the adhesive bandages market encompasses successful business strategies deployed by the key vendors. The adhesive bandages market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• 3M.com - The company offers adhesive bandage products such as 3M elastic adhesive bandages.
• Bbraun.com - The company offers adhesive bandage products such as Askina DresSil Border, Askina DresSil, and Askina DresSil Heel.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The adhesive bandages market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Parent Market Analysis

Technavio categorizes the global adhesive bandages market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the adhesive bandages market during the forecast period.

Adhesive Bandages Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the adhesive bandages market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Adhesive Bandages Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.26%
Market growth 2022-2026	$ 622.43 million
Market structure	Fragmented
YoY growth (%)	3.75
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Argentum Medical LLC, B. Braun SE, Beiersdorf Aktiengesellschaft, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Dynarex Corp., Essity Aktiebolag, Goldwin Medicare Ltd., Integra Lifesciences Holdings Corp., Johnson and Johnson, Lohmann and Rauscher GmbH and Co. KG, Medline Industries Inc., Medtronic Plc, Milliken and Co., Molnlycke Health Care AB, Paul Hartmann AG, Smith and Nephew plc, and Triage Meditech Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Adhesive Bandages Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive adhesive bandages market growth during the next five years
• Precise estimation of the adhesive bandages market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the adhesive bandages industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of adhesive bandages market vendors

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