The Plastic Bandages Market Is Anticipated To Witness High Growth Owing To Increased Demand For Cost-Effective Wound Care Solutions
Plastic Bandages Market |
The plastic bandages market comprises flexible plastic
strips coated with adhesive on one side, used to cover minor wounds, injuries,
or irritation on the skin such as cuts, scrapes, burns, and blisters. Plastic
bandages provide an effective and affordable wound care solution by protecting
the wound from external contamination, further injury and trauma. They maintain
a moist environment around the wound to accelerate the healing process. In
comparison to traditional cloth or gauze bandages, plastic ones provide
improved durability, flexibility, permeability to air and moisture.
The global plastic bandages market is estimated to be valued
at US$ 11.14 Bn in 2024 and is
expected to exhibit a CAGR of 6.1%
over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the plastic bandages market are Johnson &
Johnson, BSN Medical, 3M, Acelity L.P. Inc., Medline Industries Inc., ConvaTec
Inc., Lohmann & Rauscher GmbH & Co. KG, Nitto Denko Corporation, and B.
Braun Melsungen AG. These players account for a significant share of the global
market.
The plastic bandages market offers significant opportunities due to increasing
healthcare spending worldwide and launch of advanced plastic bandage products
with added features. Market leaders are investing heavily in innovation and new
product developments to strengthen their market position.
Globally, the plastic bandages market is expected to witness high growth in
Asia Pacific region due to rapidly growing medical tourism industry and demand
for cost-effective wound care solutions due to large patient population. Key
players are focusing on expanding their operations in emerging Asian countries
through partnerships and collaborations with local players.
Market Drivers
Increased incidence of accidents, injuries and chronic wounds worldwide is
a key factor driving demand for plastic bandages for quick wound care. Growing
geriatric population prone to injuries and lifestyle diseases also boosts
market growth.
Extended shelf-life and easy storage of plastic bandages over conventional
cloth bandages drives preference among consumers and healthcare professionals.
Wide availability and cost-effectiveness compared to specialized wound
dressings further promotes plastic bandage adoption.
Market Restrains
Availability of alternative wound care options like hydrocolloid and
alginate dressings with advanced absorption and protection features can
restrain plastic bandage sales. Strict regulations pertaining to ingredients
and production of medical devices also negatively impact market revenues.
Segment Analysis
The global Plastic
Bandages Market Scope can be segmented based on product type,
application, distribution channel, and region. Based on product type, the
sterile strip bandages segment dominates the market owing to its widespread
usage across hospitals and ambulatory surgical centers. By application, the surgical
wounds segment holds the largest market share due to increase in number of
surgeries performed globally. Retail pharmacies represent the major
distribution channel in the market.
Regional Analysis
The North America dominates the global plastic bandages market and holds
the largest share. This is attributed to rising healthcare expenditure and
sophisticated healthcare infrastructure in the region. Asia Pacific is expected
fastest growing region during the forecast period owing to increasing geriatric
population, rising prevalence of chronic wounds, and improving healthcare
facilities in emerging nations of China and India.
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Bandages Market
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