What is Bandages Market?
Wound healing is a dynamic process that needs an appropriate environment to stimulate healing. Nowadays more than 3000 products have been innovated to promote wound healing by considering various types of characteristics of wounds. A bandage is a piece of material such as a tape or cloth that is used to cover and bind up wounds by applying the technique of pressure, which controls bleeding. A bandage is also used to support strains and sprains and is wrapped around the joints for wound compression.
Highlights from Bandages Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Medtronic (Ireland), ConvaTec (United Kingdom), Lohmann & Rauscher (Austria), Acelity (United States), B. Braun Melsungen AG (Germany), Johnson & Johnson (United States), Beiersdorf (Germany), Medline Industries (India), Smith & Nephew (United Kingdom), Yunnan Baiyao (China) and 3M (United States) |
Bandages is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bandages market throughout the forecasted period.
Medtronic (Ireland), ConvaTec (United Kingdom), Lohmann & Rauscher (Austria), Acelity (United States), B. Braun Melsungen AG (Germany), Johnson & Johnson (United States), Beiersdorf (Germany), Medline Industries (India), Smith & Nephew (United Kingdom), Yunnan Baiyao (China) and 3M (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zee Medical (United States). Bandages Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hospital & Clinic, Military, Home Care and Other |
Type | Cotton Gauze Bandage, Elastic Bandage and Others |
Availability | Water-Resistant,Non-water Resistant |
Distribution Channel | Online,Offline |
Usability | Disposable,Reusable |
End User | Hospital & Clinic,Military,Home Care,Other |
On the basis of geography, the market of 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing online sales channels
Market Growth Drivers:
The rising incidence of wound infection is a major concern for healthcare and The rise in preference of patients for cost-effective dressings and reduced risk of infection
Challenges:
Key competition between vendors
Restraints:
Low-quality bandages can cause an allergic reaction to wounds
Opportunities:
Growth in the number of injuries, surgeries, and trauma and burn cases is anticipated to drive the global wound bandages market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bandages Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Market Leaders & Development Strategies
In June 2019 Milliken & Company announced their acquisition with Andover Healthcare. Andover Healthcare, a leading manufacturer of cohesive bandages and compression systems spanning healthcare, animal health, and others. Milliken & Company global innovation company with more than a century of performance and protective textile, specialty chemical, and floor covering expertise.
In June 2020 Band-Aid introduces bandages to "embrace the beauty of diverse skin. Band-Aid is launching a range of bandages in light and dark shades of black and brown to make its products more racially inclusive.