USD 3.63 billion
Adhesive Bandages Market Size, Share, Growth Analysis, By Product(Medicated Bandages, Non- Medicated Bandages), By Material(Fabric, Plastic, and Latex), By Distribution channel(Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2506 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
89
|Figures:
75
Adhesive Bandages Market Insights
Global Adhesive bandages market size was valued at USD 3.63 billion in 2022 and is poised to grow from USD 3.76 billion in 2023 to USD 4.95 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
The global adhesive bandages market, nestled within the medical supplies and equipment sub-industry of the healthcare sector, has witnessed consistent growth in recent years. These essential products find widespread use in various healthcare settings, ranging from hospitals and clinics to households. Adhesive bandages, also known as sticking plasters, serve as a practical and convenient solution for minor wound care and protection. Their popularity is attributed to factors such as ease of application, cost-effectiveness, and the ability to provide quick and temporary wound closure.
With increasing awareness about basic healthcare practices and the rising emphasis on hygiene, the demand for adhesive bandages is anticipated to remain stable. Manufacturers in this sector continue to innovate, introducing new materials, designs, and functionalities to cater to different user needs. However, the market is not without its challenges, including the competition from alternative wound care products and regulatory considerations. As the healthcare landscape evolves, the global adhesive bandages market is poised to adapt and expand, contributing to the overall growth of the healthcare equipment and supplies industry.
US Adhesive Bandages Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fabric
Fastest Growth
Latex
Growth Rate
3.5% CAGR
Global Adhesive bandages market ($ Bn)
Country Share for North America Region (%)
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Adhesive Bandages Market Segmental Analysis
The global adhesive bandages market is segmented into four i.e. Product, material, distribution channel, and region. Based on Product the market is segmented as, Medicated Bandages and Non - Medicated Bandages. Based on Material, the market is bifurcated as Fabric, Plastic, and Latex. On the basis of distribution channel the market is segmented as, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Adhesive Bandages Market Analysis by Material
Among the materials commonly used in adhesive bandages, fabric-based holds a dominant position in the global market. Fabric adhesive bandages, crafted from soft and breathable materials, have gained widespread popularity due to their comfort, flexibility, and hypoallergenic properties. Their ability to conform to various body contours while allowing the skin to breathe makes them a preferred choice for minor wound protection and care. Fabric adhesive bandages offer a balance between durability and comfort, making them suitable for everyday use by individuals of all ages. This dominance can also be attributed to the familiarity of fabric bandages, as they have been a staple in wound care for many years.
However, the use of latex-free materials is experiencing the fastest growth. This trend is driven by increasing awareness and concern about latex allergies among individuals, as well as the need to cater to a broader range of users with varying sensitivities. Latex allergies can lead to adverse reactions, making latex-free adhesive bandages a safer choice for a wider consumer base. This shift towards latex-free materials aligns with the healthcare industry's emphasis on patient safety and inclusivity.
Adhesive Bandages Market Analysis by Distribution Channel
Among the distribution channels for adhesive bandages, online pharmacies have emerged as the largest and dominating force in the global market. This trend is largely attributed to the convenience and accessibility that online platforms offer to consumers. Online pharmacies provide a wide selection of adhesive bandage products, often at competitive prices, and allow customers to browse, compare, and purchase from the comfort of their homes. The growth of e-commerce and the increasing reliance on digital platforms have facilitated the rise of online pharmacies as a preferred choice for purchasing healthcare products. Moreover, these online pharmacies have emerged as the fastest-growing segment as well. They offer the convenience of browsing and purchasing medical products from the comfort of one's home, making them particularly appealing to consumers seeking hassle-free options. The accessibility of a wide range of adhesive bandage brands, types, and sizes, coupled with competitive pricing and doorstep delivery, has propelled the rapid expansion of online pharmacy sales in this market.
Global Adhesive bandages market by Material
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Adhesive Bandages Market Regional Insights
North America stands out as the largest and dominating channel in the global adhesive bandages market. This can be attributed to several factors. The region's advanced healthcare infrastructure, high healthcare expenditure, and strong awareness of health and hygiene practices contribute to the consistent demand for adhesive bandages. Additionally, North America is home to key market players and manufacturers, allowing for efficient distribution and availability of adhesive bandage products. The region's emphasis on innovative medical technologies and consumer preferences for quality healthcare products further contribute to its dominant position in the market.
However, Asia Pacific stands out as the fastest-growing channel in the global adhesive bandages market. The region's large and rapidly expanding population, coupled with increasing healthcare awareness and infrastructure development, is driving the demand for basic healthcare products like adhesive bandages. Moreover, rising disposable incomes are enabling more consumers to afford these products, boosting market expansion.
Global Adhesive bandages market by Region
- Largest
- Fastest
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Adhesive Bandages Market Dynamics
Adhesive Bandages Market Drivers
Rising Incidence of Cuts and Wounds
- The rising incidence of cuts and wounds has emerged as a significant driver for the adhesive bandages market. Accidents, injuries, and everyday mishaps result in a consistent demand for effective wound care solutions. Adhesive bandages offer a quick and convenient way to protect and cover minor cuts, grazes, and abrasions, preventing infection and facilitating the healing process. As lifestyles become busier and people engage in various activities, the likelihood of encountering minor injuries increases, thereby fueling the need for reliable wound closure options like adhesive bandages. This growing awareness of basic wound care and the importance of preventing infection is propelling the demand for adhesive bandages across different regions and markets.
Adhesive Bandages Market Restraints
Skin Irritation and Allergic Reactions
- Skin irritation and allergic reactions pose significant restraints to the adhesive bandages market. While these products are designed to be hypoallergenic and gentle on the skin, some individuals may still experience adverse reactions. Skin irritation can result from the constant contact of the adhesive with the skin, particularly when bandages are worn for extended periods. Additionally, certain individuals may have sensitivities or allergies to the materials used in adhesive bandages, including the adhesive itself or other components. These reactions can range from mild redness and itching to more severe discomfort or even dermatitis.
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Adhesive Bandages Market Competitive Landscape
The global adhesive bandages market features a dynamic and competitive landscape, characterized by the presence of several established and emerging players. Companies in this market strive to differentiate themselves through innovative product offerings, enhanced materials, and user-friendly designs. The focus often revolves around creating bandages that adhere securely while minimizing skin irritation and allergic reactions.
With growing consumer awareness regarding wound care and hygiene, market players are also keen on effective marketing strategies to capture a larger share of the demand. Partnerships with healthcare providers and retail chains aid in expanding distribution networks.
As the market evolves, technological advancements continue to drive product improvements, ranging from water-resistant variants to bandages infused with healing agents. Overall, the competitive landscape reflects a balance between meeting evolving consumer needs and adhering to stringent quality standards in the healthcare sector.
Adhesive Bandages Market Top Player’s Company Profiles
- 3M Company (US)
- BSN medical GmbH (Germany)
- Nitto Denko Corporation (Japan)
- Paul Hartmann AG (Germany)
- Molnlycke Health Care (Sweden)
- Lohmann & Rauscher International GmbH & Co. KG (Germany)
- Essity AB (Sweden)
- Acelity L.P. Inc. (US)
- McKesson Corporation (US)
- –ó–ú (Unknown)
- Braun Melsungen AG (Germany)
- Beiersdorf (Germany)
- Cardinal Health Inc (US)
- ConvaTec Group Plc (UK)
- Detectaplast Inc (US)
- Dynarex Corporation (US)
- Medline Industries Inc (US)
- Smith & Nephew Pty Ltd (Australia)
Adhesive Bandages Market Recent Developments
-
In October 2023, a group uncovered that Chinese drug firms, upheld by global banks, were tracked down using parts from leopards and pangolins. This included three freely recorded traditional Chinese medicine (TCM) companies: Beijing Tong Ren Tang, Tianjin Drug, and Jilin Aodong Medication.
-
In May 2023, CURAD®, a Medline brand eminent for its first-rate consumer medical items, presented CURAD Naturals™, a line of adhesive bandages highlighting a scope of all-natural healing ingredients. These ingredients, including Aloe Vera, Vitamin E, and ARM and HAMMER™ Baking Soda, are known for their relieving properties and are straightforwardly mixed into the wound pad and bandage surface. This guarantees delicate and viable treatment and the assurance of wounds during the healing process.
Adhesive Bandages Key Market Trends
- Emergence of Advanced Materials and Technologies: A key market trend in the global adhesive bandages market is the increasing focus on advanced materials and technologies. Manufacturers are incorporating innovative materials that enhance breathability, flexibility, and durability of adhesive bandages. Antimicrobial coatings, hydrocolloid technology, and smart bandages with integrated sensors are gaining traction, offering not only wound protection but also real-time monitoring capabilities. These advancements align with the growing demand for more effective and convenient wound care solutions, pushing the boundaries of adhesive bandage functionality and driving the market towards improved patient outcomes.
Adhesive Bandages Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global adhesive bandages market analysis, the market reflects a steady growth trajectory, influenced by several factors. Increasing health awareness among consumers, coupled with rising incidents of minor injuries and wounds, has spurred the demand for adhesive bandages as a primary solution for wound care.
The convenience and ease of application offered by these products make them a staple in households, healthcare facilities, and sports environments. Manufacturers continue to invest in research and development to create technologically advanced bandages that address skin sensitivities and allergies, enhancing user comfort.
Additionally, the trend toward customizable and aesthetically pleasing bandage designs further widens the market's appeal, especially among younger demographics. However, challenges remain, including the need for regulatory compliance and potential competition from alternative wound care products.
As the healthcare landscape evolves and consumers seek efficient and accessible wound care options, the global adhesive bandages market is poised to witness sustained growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.63 billion |
| Market size value in 2031 | USD 4.95 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Adhesive Bandages Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Adhesive Bandages Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Adhesive Bandages Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Adhesive Bandages Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Adhesive Bandages Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Adhesive Bandages Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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