Adhesive Bandages Market Outlook 2031
- The global adhesive bandages market was valued at US$ 2.8 Bn in 2021
- The global market is projected to expand at a CAGR of 3.9% from 2022 to 2031
- The global adhesive bandages market is anticipated to reach more than US$ 4.3 Bn by 2031
Analysts’ Viewpoint on Adhesive Bandages Market
The global adhesive bandages market is primarily driven by the increase in incidence rate of injuries due to recreational activities and road accidents, and surge in incidence of domestic as well as workplace injuries. Launch of different variants of adhesive bandages for infection control and increase in geriatric population across the world are also driving the market. E-commerce platforms and online pharmacies are gaining popularity among users in emerging countries such as China, India, and Brazil due to discounts offered on these platforms and convenience parameters. Companies in the adhesive bandages market are taking data-driven decisions while investing in new technologies. Market players are concentrating on investing in various R&D programs along with product marketing activities to increase their customer base.
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Global Adhesive Bandages Market Introduction
Adhesive bandages are small sticking plasters used for small injuries. These bandages protect wounds from friction, bacteria, and dirt. Launch of different types of adhesive bandages or medical plasters with different variables and functions is propelling the global adhesive bandages market. The COVID-19 outbreak restrained the global adhesive bandages market in the initial phase. However, increase in demand for innovative products is creating opportunities for market players operating in the global adhesive bandages market. Demand for butterfly stitches is high due to their application in closing edges of small or shallow wounds. Blue metal detectable bandages or plasters are used in the food industry for metal detection of contaminated food and health safety measures.
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Increase in Incidence Rate of Injuries due to Recreational Activities and Road Accidents to Drive Market
Rise in number of recreational activities such as adventure sports, hunting, and trekking results in multiple cuts, abrasion, minor injuries, and wound formation on body parts, which need the application of adhesive bandages. The number of road accidents, both fatal and non-fatal, is rising across the world. Some of these non-fatal injuries require the application of adhesive bandages to prevent further damage. According to the Stanford Children’s Health, nearly 3.5 million children and adolescents aged 14 and younger get hurt annually while playing a sport or participating in recreational activities in the U.S. According to statistics published by the World Health Organization (WHO), every year, around 1.35 million people die due to road accidents globally, and between 20 million and 50 million people suffer non-fatal injuries, with a large number incurring a disability as a result of the injury. This is expected to drive the demand for adhesive bandages.
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Rise in Efficacy in Healing Injuries Propelling Demand for Medicated Bandages
Based on product type, the medicated bandages segment accounted for dominant share of the global market in terms of revenue in 2021. This can be ascribed to the increase in incidence rate of injuries and efficacy of medicated bandages to cure these injuries; rise in awareness about wound infections; and launch of new product lines in adhesive bandages. The non-medicated bandages segment is expected to witness considerable growth during the forecast period due to the rise in geriatric population, which is more prone to orthopedic injuries & surgeries; increase in usage in orthopedic support activities; and growth in applications in the food industry.
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High Demand for Water Repellent, Flexible, and Affordable Plastic Adhesive Bandages
The plastic segment held the largest market share in 2021. This trend is anticipated to continue during the forecast period owing to its advantages such as water repelling property, ease of use, comparatively low cost, and availability of more options for better flexibility in adhesive bandages. Currently, several options are available for plastic adhesive bandages such as polyurethane, polyvinyl chloride (PVC), and other material innovations such as liquid bandages in combination with plastic. The woven fabric segment is expected to grow at a high CAGR during the forecast period owing to enhanced flexibility, high level of comfort, and its property of not sticking to the wound.
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