Adhesive Bandages Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

According to the latest report published by Credence Research, Inc. “Adhesive Bandages Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global market for adhesive bandages was valued at USD 1,895.0 million in 2017 and is expected to reach USD 2,914.3 million by 2026, increasing to CAGR by 4.8% from 2018 to 2026.

Market Insights

Adhesive bandages is expected to grow steadily throughout the forecast period from 2018 to 2026 due to key factors such as an increasing number of sporting events, a trend in sports & fitness culture to build active lifestyles, and increased awareness of the prevention of sepsis in diabetic patients. The term self-wound care is always associated with strip bandage dressing or commercially known as’ Band-Aid’ coined by Johnson & Johnson. Adhesive bandages are mainly used by people for minor injuries or cuts as they help protect these wounds and help them recover quickly. One of the main reasons for increasing the use of adhesive bandages is the high cost of health care, as doctor’s visit & wound dressing will cost more than adhesive bandage.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/adhesive-bandages-market

Adhesive bandages are of two type flexible fabric bandage, and cohesive fixation bandage; flexible fabric bandage was observed as the largest segment in 2017 due to key driving factors such as high patient convenience, and rising awareness related to several applications of flexible fabric bandages. The materials used to make adhesive bandages are woven fabric, plastic, foam, and tricot. Woven fabric & plastic together accounted for the market share of 63.7% and expected to maintain their dominance throughout the forecast period 2018 to 2026. The key factors responsible for dominance of these segments were rising awareness related to complications associated with wound, and increasing demand for convenient, safe, & efficient adhesive bandages.

North America was identified as the largest adhesive bandages market globally due to major driving factors such as rising prevalence of diabetes as these patients have high risk of sepsis, and increasing health awareness is assisting the participation of people in sports & recreational activities. According to the latest report published by the Centers for Disease Control and Prevention in 2017, more than 100 million U.S. adults are living with diabetes or prediabetes and if prediabetes condition is not treated within five years it leads to type 2 diabetes. In addition to that, demographically rate of diagnosed diabetes was higher among American Indians/Alaska Natives (15.1%), Hispanics (12.1%), and non-Hispanic blacks (12.7%) compared to non-Hispanic Whites (7.8%) and Asians (8.0%).

Market Competition Assessment:

The adhesive bandages market is growing at steady rate and major companies present in this market are investing in development of more cost-efficient, convenient and safe products. The key strategies of these players is to increase awareness in developing and under-developed countries of the world. The companies present in this market are Johnson & Johnson, Beiersdorf, 3M, Medline Industries, Smith & Nephew, B. Braun Melsungen, ConvaTec, Lohmann & Rauscher, and Acelity among others.

Key Market Movements:

  • Increasing awareness in diabetic patients related to the complications related to wound or cuts
  • Rising health cautiousness in working population leading to significant rise in the sports & recreational activities that lead to acute wounds or cuts
  • High efforts carried out by market leaders to increase awareness related to application of adhesive bandages in underdeveloped countries

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59550

 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Type of Adhesive Bandages Segment

  • Flexible Fabric Bandage
  • Cohesive Fixation Bandage

By Type of Material Segment

  • Woven Fabric
  • Plastic
  • Foam
  • Tricot

By Geography Segment

· North America (the U.S., Rest of North America)

· Europe (U.K., Germany, France, Rest of Europe)

· Asia Pacific (China, Japan, India, Rest of Asia Pacific)

 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • Which is the most preferred material type for adhesive bandages in the market & Why?
  • What are the current market strategies practiced by the key market players & competitive analysis specific to adhesive bandages market?
  • Which are the key geographical markets (regions and countries) in adhesive bandages market?
  • Which is the largest and fastest growing adhesive bandages types globally?
  • How is the competitive landscape of adhesive bandages market and strategies of major players present in this industry?
  • What are the drivers, restraints, & opportunities in the adhesive bandages market?

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59550

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