About Liquid Bandage
Liquid bandages are a kind of wound dressing product that are sprayed or painted directly on to the wound. Liquid bandages cover the nerves at the positioning of injury and reduce the pain and promote wound healing by maintaining correct moisture balance. These bandages are an alternate choice to traditional bandages and are usually used when traditional bandages fail at treating the wound. Liquid bandages are colourless, adherent in nature, and dry quickly to create a tough antiseptic, waterproof, flexible, and breathable layer at the site of wound. Liquid bandages are increasingly getting used by several health care suppliers and people with minor to major wounds.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.4% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Liquid Bandage 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 (United States), MOBERG PHARMA AB (Sweden), ConvaTec Group plc (United Kingdom), Medline Industries, Inc. (United States), Smith & Nephew plc (United Kingdom), Becton, Dickinson and Company (United States), Hollister Incorporated (United States), The Walgreen Company (United States), KeriCure (United States), AmerisourceBergen (United States) and Kobayashi (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Liquid Bandage market by Type (Skin Protectants and Tissue Adhesives), Application (Humans and Animals) and Region.
On the basis of geography, the market of Liquid Bandage 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Liquid Bandage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Skin Protectant Bandage
Market Growth Drivers:
High Prevalence of Chronic Wounds Such As Diabetic Foot Ulcers, Pressure Ulcers, Bed Source Cases, Increasing Number of Road Traffic Accidents across the Globe and Increase in the Number of Surgical Procedures across Different Medical Specialties
Challenges:
Availability of Alternative Bandage
Opportunities:
Rise in Awareness about Personal Hygiene and Surge in Demand for Liquid Bandages Due To Its Advantages
Market Leaders and their expansionary development strategies
In May 2022, New Skin introduced the Kids Liquid Bandage Paint, which is a painless, colorful bandage that can be painted on to treat injuries and stop infection. All sizes of wounds and scrapes can be treated with the liquid bandage, which comes in a vivid purple shade. The bandage is waterproof, quick-drying, and drug-free. The liquid bandage can reach tight spaces and allows the skin to breathe. Additionally, it naturally comes off, saving kids from having to go through the uncomfortable removal process.
In March 2023, BC3 Technologies announced its plans to launch the SEAL, a hemostatic wound spray. By the end of 2023, the company intends to produce 50,000–100,000 cans of the spray. The company received Food and Drug Administration clearance for the SEAL in February 2023. Chitosan, a key component of crab shells, is used in the SEAL aerosol cans to promote blood clotting and seal a cut to prevent bleeding.
Key Target Audience
Liquid Bandage Manufacturers, Liquid Bandage Distributors, Liquid Bandage Importer/Exporter, Regulatory & Government Bodies and Downstream vendors
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.