Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.03 Billion | USD 4.31 Billion | 4.00% | 2023 |
The global Adhesive Bandages market size was worth around USD 3.03 billion in 2023 and is predicted to grow to around USD 4.31 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.00% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Adhesive Bandages market on a global and regional level.
Adhesive bandages are flexible sheets of materials with glue on one side and are used in the medical dressing of wounds and small cuts on the body. These bandages protect the injured part of a body from germs, and bacteria and also guard against getting worse. They are also called band-aid which was introduced by Johnson and Johnson in the market. Due to its ease of usage and availability the healthcare product is in high demand in the market. With the rising outdoor and indoor game activities, the chances of getting injuries are high which is boosting the adhesive bandage market rapidly.
The study also includes drivers and restraints for the adhesive bandages along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the adhesive bandages market on a global level. Rising incidences of sports injuries and other outdoor activities are propelling the market growth for adhesive bandages. As per the stats provided by Stop Sports injuries, there are more than 3.4 million kids who receive medical treatment due to sports injuries every year. As per the stats by the SSI report around 60% of organized sports injuries occur during practices. With this growing number of sports injuries, the demand for adhesive bandages is rising and thus propelling the market for adhesive bandages.
The study provides a decisive view of the adhesive bandages market by segmenting the market based on product, material, indication, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on product the market is segmented into non-medicated bandages and medicated bandages. The medicated bandage is further segmented into cohesive fabric bandage and flexible fixation bandage. The medicated bandages segment held the major share of the market in 2023 owing to its high efficacy in healing wounds faster. Based on material the market is segmented into woven fabric, plastic, latex strip, and others. The plastic material segment held the major share of the market in 2023 since these offer convenience and their material cost is low.
On the basis of indication, the market is divided into edema control & pain management, wound management, orthopedic support, and others. The wound management segment dominated the market in 2023 due to rising sports and work-related injuries.
On the basis of distribution channels, the market is segmented into hospital pharmacies, retail stores, e-commerce, and others. The hospital pharmacy segment held the major share of the market and is likely to grow at a high CAGR in the forecast period due to a large number of emergency admissions taking place in the hospitals.
Regional segmentation includes the current and forecast demand for the Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries.
Report Attributes | Report Details |
---|---|
Report Name | Adhesive Bandages Market |
Market Size in 2023 | USD 3.03 Billion |
Market Forecast in 2032 | USD 4.31 Billion |
Growth Rate | CAGR of 4% |
Number of Pages | 110 |
Key Companies Covered | Johnson Consumer Inc., Beierdarf AG, Smith & Nephew Pty Ltd, The 3M Company, Detectaplast Inc., Conva Tec, and Dynarex Corporation |
Segments Covered | By Product, By Material, By Indication, By Distribution Channel and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report also provides a company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers, and industry experts. Some of the key players included in the market are:
Johnson and Johnson Consumer Inc.
Global Adhesive Bandages Market: Product Type segment Analysis
Global Adhesive Bandages Market: Material Segment Analysis
Global Adhesive Bandages Market: Indication Segment Analysis
Global Adhesive Bandages Market: Distribution channel Segment Analysis
Global Adhesive Bandages Market: Regional Segment Analysis
FrequentlyAsked Questions
Adhesive bandages are flexible sheets of materials with glue on one side and are used in the medical dressing of wounds and small cuts on the body. These bandages protect the injured part of a body from germs, and bacteria and also guard against getting worse.
According to study, the Adhesive Bandages Market size was worth around USD 3.03 billion in 2023 and is predicted to grow to around USD 4.31 billion by 2032.
The CAGR value of Adhesive Bandages Market is expected to be around 4.00% during 2024-2032.
Europe and North America has been leading the Adhesive Bandages Market and is anticipated to continue on the dominant position in the years to come.
The Adhesive Bandages Market is led by players like Johnson Consumer Inc., Beierdarf AG, Smith & Nephew Pty Ltd, The 3M Company, Detectaplast Inc., Conva Tec, and Dynarex Corporation.
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