The global adhesive bandage market is estimated to grow at a CAGR of 4.78% to reach a market size of US$3,181.658 million in 2027 from US$2,294.834 million in 2020.
Medicated bandages are gaining immense traction among consumers as there is an increasing number of bruises and cuts caused by falling on the road or ground. This causes the wound to be infected with bacteria, so after the cleaning, the medicated bandages are applied to the area, to protect it from further infection. This is done as it contains antibacterial ointments which can completely close the open wound so that no infection or pus-causing bacteria can fester.
The increasing number of recreational activities amongst children and younger teens is driving the demand. Young people these days are taking part in numerous types of activities such as cycling, running, and trekking, among others, which most of the time lead to cuts, scratches, or abrasions on their skin, as it is sensitive. Thus, a coating needs to be applied to prevent further injury or stop the blood from coming out, thus allowing the wound to heal faster. This factor is propelling the market globally over the forecast period.
Guidelines and First Aid basic Tips being provided by the organizations such as WHO, FDA
First aid is an increasingly important part of the management of wounds, as the wound, however small it may be, can promote bacterial growth, which holds the potential of causing infections in the place where the wound is or the area surrounding the wound. So it must be cleaned properly using antiseptic, then the adhesive bandage must be applied to limit the exposure of the wound and close it off.
According to the FDA–Title 21 under the Code of Federal Regulations (CFR) 800, the wound dressing devices, under which bandages are included, are to be classified as Class I wound dressing devices. Under Part 880, which deals with the General Hospital, and Personal Use Devices, the bandages are listed as – 880.5090 Liquid Bandage, comes under Class I, 880.5075 Elastic Bandage, also comes under Class I. Similarly, 880.5240 deals with the Medical adhesive tape and adhesive bandage, which is classified under Class I. After this process, the product which has been classified under this system according to its features has to undergo and adhere to the Food and Drug Administration (FDA) quality system regulation (QSR), only after which the product is registered in the FDA database and deemed to be safe for use in wound management or for providing first aid care.
Product Offerings by Major Market Players in the Adhesive Bandages Market Space
The offering of better and more advanced varieties of adhesive bandages with enhanced technologies such as quality and durability, among other properties, by existing and new players in different markets is estimated to lead to increased adoption and propel the market growth further over the forecast period.
Some of the examples of product offerings are as follows:
The North American region is expected to hold a significant amount of market share over the forecast period because there are market players involved in catering to the demands of the end-user industries by offering top-quality solutions and products. In addition, the Asia Pacific region is expected to witness a significant increase in its market share over the forecast period, which is attributable to the fact that the manufacturing of medical supplies and products for wound management and wound care is cheaper due to the low cost of materials and labor.
Recent Developments and expansions
A strategic alliance was formed in November 2021 between Curad, a trademarked name of Medline Industries, and renowned illustrator and artist Kendra Dandy. As part of the partnership, her unique artwork will be shown on the traditional adhesive bandages from CURAD. With the intention of healing in style, the new bandage range features motifs including pineapple, papaya, banana, and dragon fruit.
Nexcare Duo, a new bandage product from 3M that focuses on painless removal, was introduced in April 2021. The silicone adhesive in Nexcare Duo offers a strong hold while remaining simple to remove. To supply 360-degree wound protection & nonslip grip in a bandage featuring flexible, water-resistant fabric that can tolerate handwashing, 3M's science & medical technology experts developed a silicone adhesive.
To honor the variety of skin tones, Johnson & Johnson, an American multinational corporation that makes consumer packaged goods, medical equipment, and medicines, introduced bandages in light, medium, & dark brown shades in June 2020.
The COVID-19 outbreak had a positive influence on the market for adhesive bandages in 2020 due to increasing application of adhesive bandage as nasal PPE. The market is anticipated to rise slowly over the forecast year as a result of widespread lockdowns, denial of wound care services, canceled or delayed elective surgeries, and an increase in skin injuries among COVID-19 medical care professionals.
|Market size value in 2020||US$2,294.834 million|
|Market size value in 2027||US$3,181.658 million|
|Growth Rate||CAGR of 4.78% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product Type, Material Type, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||3M, Johnson & Johnson Consumer Inc., Smith & Nephew, Cardinal Health, B. Braun Melsungen AG, Detectaplast, Medline Industries, Inc., Beiersdorf, McKesson Medical-Surgical Inc.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the adhesive bandage market size by 2027?
A1. The adhesive bandage market is projected to reach a total market size of US$3,181.658 million in 2027.
Q2. What is the size of the global adhesive bandage market?
A2. Adhesive Bandage Market was valued at US$2,294.834 million in 2020.
Q3. What are the growth prospects for the adhesive bandage market?
A3. The adhesive bandage market is projected to grow at a CAGR of 4.78% over the forecast period.
Q4. How is the global adhesive bandage market segmented?
A4. The adhesive bandage market has been segmented by product type, material type, distribution channel, and geography.
Q5. Which region holds the largest market share in the adhesive bandage market?
A5. The North American region is expected to hold a significant share in the adhesive bandage market because there are market players involved in catering to the demands of the end-user industries by offering top-quality solutions and products.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Adhesive Bandages Market Analysis, by Product Type
6. Global Adhesive Bandages Market Analysis, by Material Type
6.2. Woven Fabric
7. Global Adhesive Bandages Market By Distribution Channel
8. Global Adhesive Bandages Market Analysis, by Geography
8.2. North America
8.2.1. North America Adhesive Bandage Market, By Product Type
8.2.2. North America Adhesive Bandage Market, By Material Type
8.2.3. North America Adhesive Bandage Market, By Distribution Channel
8.2.4. By Country
220.127.116.11. United States
8.3. South America
8.3.1. South America Adhesive Bandage Market, By Product Type
8.3.2. South America Adhesive Bandage Market, By Material Type
8.3.3. South America Adhesive Bandage Market, By Distribution Channel
8.3.4. By Country
8.4.1. Europe Adhesive Bandage Market, By Product Type
8.4.2. Europe Adhesive Bandage Market, By Material Type
8.4.3. Europe Adhesive Bandage Market, By Distribution Channel
8.4.4. By Country
8.5. Middle East and Africa
8.5.1. Middle East and Africa Adhesive Bandage Market, By Product Type
8.5.2. Middle East and Africa Adhesive Bandage Market, By Material Type
8.5.3. Middle East and Africa Adhesive Bandage Market, By Distribution Channel
8.5.4. By Country
18.104.22.168. Saudi Arabia
22.214.171.124. United Arab Emirates
8.6. Asia Pacific
8.6.1. Asia Pacific Adhesive Bandage Market, By Product Type
8.6.2. Asia Pacific Adhesive Bandage Market, By Material Type
8.6.3. Asia Pacific Adhesive Bandage Market, By Distribution Channel
8.6.4. By Country
126.96.36.199. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.2. Johnson & Johnson Consumer Inc.
10.3. Smith & Nephew
10.4. Cardinal Health
10.5. B. Braun Melsungen AG
10.7. Medline Industries, Inc.
10.9. McKesson Medical-Surgical Inc.
10.10. Dynarex Corporation
Johnson & Johnson Consumer Inc.
B. Braun Melsungen AG
Medline Industries, Inc.
McKesson Medical-Surgical Inc.
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