Latest News - Adhesive Bandages Market: Medicated bandages are expected to lead the Product segment during 2025-2029

The Adhesive Bandages Market is being driven by Growing number of surgical procedures

The Adhesive Bandages Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 705.1 million. In developed countries such as the United States, Canada, the UK, France, and Germany, Ambulatory Surgery Centers (ASCs) have gained significant traction due to their provision of cost-effective, same-day surgical care. These centers, also known as outpatient surgical facilities, offer patients the benefit of undergoing surgeries that do not necessitate hospitalization in a fully equipped operating room. According to Medicare data, ASCs are primarily utilized for procedures in specialties like dermatology, gastrointestinal, neurology, and urology. This trend is not limited to developed countries; the increasing use of ASCs in developing nations like India and China is a testament to their potential in reducing the burden on physician clinics and hospitals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Medicated bandages
  • Non-medicated bandages
• Indication
  • Wound management
  • Edema control and pain management
  • Orthopedic support
  • Sports and athletic wraps
  • Others
• Distribution Channel
  • Hospitals and clinics
  • Retail stores
  • E-commerce
  • Others
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of surgical procedures
• Increasing incidence of sports injuries
• Growing number of skin diseases and trauma-related injuries

However, the market also witnesses some limitations, which are as follows:

• Availability of substitutes
• Lack of penetration in low-income countries
• Side effects of latex and polyurethane bandages

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Market Scope in Adhesive Bandages Market Research Report

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Research Analysis Overview

The Adhesive Bandages Market encompasses various applications in wound management, skin care, medical supplies, personal care, home health, and emergency response. Factors such as wound healing rates, patient comfort, adhesion strength, water resistance, and sterilization methods are crucial. Shelf life, product safety, clinical trials, and evidence-based medicine ensure quality. Product differentiation, competitive advantage, pricing strategies, marketing campaigns, and digital marketing boost brand awareness and customer loyalty. Sustainability initiatives, environmental impact, social responsibility, and ethical sourcing are essential for long-term growth.

Market Research Overview

The global healthcare supplies market encompasses businesses involved in the research and development (R&D) of a range of product categories, including wound care solutions and first aid medical devices. According to Technavio, the healthcare supplies market size is determined by the consolidated revenue generated by manufacturers of medical devices such as adhesive bandages, syringes, drapes, gloves, and gowns. Factors driving growth in this sector include the increasing aging population, with nearly one-quarter of the US population projected to be over 60 years old by 2050, and Europe reaching a similar demographic milestone by 2030. This demographic shift will escalate the demand for pain relief and wound care solutions in the medical devices market. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/