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NEW YORK , May 18, 2022 /PRNewswire/ -- The latest market outlook report titled "Adhesive Bandages Market by Product and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's catalog. This recent market analysis report identifies that the market will witness a potential growth difference of USD 622.43 million from 2021 to 2026. The market is anticipated to record an accelerating growth momentum at a CAGR of 4.26% during this period.
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Technavio categorizes the global adhesive bandages market as a part of the global healthcare supplies market. The parent market, the global healthcare supplies market, covers products and companies engaged in R&D of a variety of product categories spanned across medical consumables that are used for the diagnosis and treatment of various diseases.
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The adhesive bandages market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key players covered in this report include 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.
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Strategic Initiatives and Products launches
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Growing number of surgical procedures to boost the market positively
The prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular diseases, is growing worldwide. The demand for adhesive bandages is likely to increase, with the increasing prevalence of diabetes, during the forecast period. Adhesive bandages have various applications, such as use in managing diabetic ulcers.
Availability of substitutes likely to challenge the market growth
Substitutes for adhesive bandages include film dressing, hydrogel, foam, and alginate dressing. These dressings are in direct contact with the wound. Such substitutes may challenge the adhesive bandages market growth during the forecast period.
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COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the adhesive bandages market in North America . However, in H2 2021, hospitals and other healthcare facilities resumed elective procedures and surgeries due to the availability of vaccines and a reduction in COVID-19 cases. Hence, the regional market is expected to grow during the forecast period.
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By product, the market has been segmented into medicated bandages and non-medicated bandages. The medicated bandages segment will have significant market share growth during the forecast period. Medicated bandages are also known as first-aid dressings and plasters and consist of an antiseptic solution. These are used to treat superficial injuries, cuts, and bruises and absorb exudate.
By geography, the market has been segmented into North America , Europe , Asia , and Rest of World (ROW). North America will have significant market share growth during the forecast period. The advanced healthcare infrastructure will drive the adhesive bandages market growth in North America during the forecast period.
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Accelerate at a CAGR of 4.26%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Germany, UK, and China
Leading companies, Competitive strategies, Consumer engagement scope
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.
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
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: https://www.technavio.com
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