Industry Outlook

Adhesive bandages market accounted for a market value of US$ 1,895.0 Mn in 2017 and projected to grow at a CAGR of 4.8% during the forecast period from 2018 to 2026. The key factors responsible for growth of adhesive bandages globally is the rising awareness related to the acute wound protection in developing countries, and increasing awareness programmes for diabetes patients to treat acute wound efficiently with adhesive bandages. In case of developing and under developed countries government & non-government bodies are educating geriatric and young population to use adhesive bandages to prevent further complications associated acute wounds. Thus, adhesive bandages market will grow steadily throughout the forecast period being one of the most evolved and mature markets.

"Woven fabric & plastic materials account more than 50% market share in the adhesive bandages market"

The key factors responsible for domination of woven fabric and plastic material are the high efficiency related to the protection, & recovery of wound, and physiological properties of material enhances the process to avoid sepsis. The variety of bandages available in the market comprises woven fabric & plastic because major players manufacturing adhesive bandages consider these two materials as the ideal materials due to their physical properties that help in wound recovery & care. The technological developments in the field of processing and manufacturing of materials such as woven fabric & plastic have enhanced the design and advantages of adhesive bandages. During the forecast period 2018 to 2026, tricot expected to show a significant growth as it possess properties of woven fabric & plastic both, and its latex free.

"Asia Pacific identified as the fastest growing market due to large population base and increasing prevalence of diabetes"

During the forecast period from 2018 to 2026, Asia Pacific will grow at significant rate due to key market driving factors such as increasing awareness related to acute injuries or wounds in diabetic patients, presence of two world’s highly populated countries China & India, and high product accessibility coupled with cost-efficiency of the adhesive bandages. As diabetic patients are more prone to sepsis related to acute wound; awareness related to wound protection is increasing through awareness campaigns and patient education sessions organized by NGOs. The prevalence of type 2 diabetes in South Asia estimated to surge ten folds between 2000 and 2035. However, the key factors responsible for this surge will be aging, sedentary lifestyle, and urbanization along with this adverse intrauterine environment and following epigenetic changes could also contribute in many South Asian countries.

The key market players involved in the adhesive bandages industry analyzed based on financial data, product portfolio, current press releases, and major market strategies. This report also covers attractive investment proposition studied based on exhaustive geographical PESTEL analysis. Major players included in the report are Johnson & Johnson, Beiersdorf, 3M, Medline Industries, Smith & Nephew, B. Braun Melsungen, ConvaTec, and Acelity among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Adhesive Bandages market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Adhesive Bandages market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Adhesive Bandages market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Adhesive Bandages market?
• Which is the largest regional market for Adhesive Bandages market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Adhesive Bandages market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Adhesive Bandages market worldwide?