About Medical Bandages
Medical bandages are a piece of material to support a medical apparatus, such as wound dressings, or on its own to administer support to the body. These bandages can be used to inhibit bodily fluids from flowing, such as blood, lymph fluid, and more. They come in numerous shapes and sizes and are used to protect wounds from outside contamination. They play a protective role in keeping the patient's damaged skin free from contaminants, thereby keeping safe from infection.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Medical Bandages market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Medical Bandages Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Bandages market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Medtronic plc (Ireland), Johnson & Johnson Consumer Inc. (United States), Medline Industries, Inc. (United States), BSN Medical (Germany), Cardinal Health, Inc. (United States), Beiersdorf (Germany), Nitto Denko Corporation (Japan) and Nichiban Co., Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Bandages market by Type (Gauze Bandage, Adhesive Bandage, Cohesive and Elastic Bandage and Other Bandages), Application (Surgical Wounds, Traumatic and Laceration Wounds, Burns, Ulcers, Sport Injuries and Other Wounds) and Region.
On the basis of geography, the market of Medical Bandages has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Hospitals will boost the Medical Bandages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Medical Bandages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Online Customers and Increased Awareness among People About Personal Health Care
Market Growth Drivers:
Increased Incidence of Wound Infection, Rise in the Geriatric Population and Growing Healthcare Infrastructure in Developing Regions
Challenges:
Increasing Pricing Pressure
Restraints:
Less Durability of the Bandages and Fluctuations in the Raw Material Prices
Opportunities:
Growth in the Medical Bandages Manufacturers and Growing Health Care Industry
Market Leaders and their expansionary development strategies
In May 2019, 3M Co. agreed to buy medical-products maker Acelity Inc. Its biggest acquisition ever, as new Chief Executive Officer Mike Roman takes a more aggressive approach to expand the beleaguered company.
In October 2022, Bengaluru-based Healthium Medtech has launched a new wound dressing portfolio Theruptor Novo for the management of chronic wounds like diabetic foot ulcers and leg ulcers. With the launch of Theruptor Novo, Healthium strengthens its existing portfolio of patented products in the advanced wound dressing segment
Key Target Audience
Medical Bandages Manufacturers, Raw Material Suppliers, Distributors and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.