Research Nester published a report titled “Adhesive Bandages Market: Global Demand Analysis Opportunity Outlook 2033” which delivers detailed overview of the global adhesive bandages market in terms of market segmentation by product, material, indication, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global adhesive bandages market is projected to grow with a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. The market is segmented by distribution channel into hospitals clinics, retail stores, e- commerce, and others. Amongst these, the hospitals clinics segment is projected to grow at a higher rate over the forecast owing to the rising number of patients to visit hospitals for seeking better treatment in injuries cases.
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The global adhesive bandages marketis projected to significantly grow owing to the globally increasing trauma cases, followed by escalation in workplace injuries as such type of injuries most probably happens when the workplace site is located in risky environment, and the machines are much old. Furthermore, increasing incidences of burn cases, upsurge in orthopedic surgeries are some of the major factors anticipated to drive the growth of the market in the coming years.
Geographically, the global adhesive bandages marketis segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the mounting numbers in fall injuries, rise in accidental and sports injuries, and spike in aging population in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Worldwide Increase in Chronic Wounds to Drive the Market Growth
To cure chronic wounds, there is an expanding need for efficient wound care as well as infection control and prevention. Adhesive bandages are a primary step to heal and prevent the spread of infection in such wounds. These bandages prevent the wounds from further damage, bleeding, friction, and dirt and aid in healing process. Therefore, such factor is expected to accelerate the growth of the global adhesive bandages market over the forecast period.
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However, adhesive bandages competitive cost among manufacturers, rising demand for alternative products, and rising demand for innovative liquid bandages and medical glues are expected to operate as key restraint to the growth of the global adhesive bandages market over the forecast period.
