Adhesive Bandages Market size is anticipated to reach USD 5 billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of adhesive bandages was over USD 3 billion. The growth of the market can be attributed to the worldwide growing incidences of sports injuries, and road accidents. As per the World Health Organization, nearly 1.3 million individuals die in road accidents each year worldwide. The increasing number of vehicles on the road creates traffic that causes traffic jams and accidents owing to improper sign boards, traffic signals, and police control. People are also being negligent during driving as many people drink and drive, go over speed, and ignore traffic signals and zebra crossings. Additionally, pedestrians not using footpaths while walking on the road is also rising the number of accidents.
Adhesive bandages are small layers of absorbent, gauze, and fabric strips that are used for closing burns, injuries, cuts, and wounds by adhering to the skin. The bandages protect the wound from dirt, bacteria, and irritation from injury. The increasing prevalence of sports injuries is fueling up the demand for the adhesive bandages market over the forecast period. For instance, nearly 4 million children under the age of 14 in the United States get hurt playing sports or doing other recreational activities each year. Playing is a fun activity and a competitive game where injuries are common and always expected. So, many people include it as a necessity to have bandages in their first aid kit. Bandages are very advantageous in preventing bleeding from a cut or injury. Even in major injuries it holds the stitches in place and avoids external pressure on the wound.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
~5% |
|
Base Year Market Size (2022) |
~ USD 3 Billion |
|
Forecast Year Market Size (2033) |
~ USD 5 Billion |
|
Regional Scope |
|
Distribution Channel (Hospitals & Clinics, Retail Stores, E-Commerce)
The global adhesive bandages market is segmented and analyzed for demand and supply by distribution channel into hospitals & clinics, retail stores, e-commerce, and others. Out of these, the hospitals & clinics segment is estimated to hold the largest share over the forecast period on the back of a growing count of emergency admissions of injury patients in hospitals, and the availability of better chronic wound care and first aid in hospitals and clinics. For instance, in the United States, the count of emergency department visits in hospitals related to injuries reached up to 34 million in 2018. The increasing number of emergency cases with the rising number of accidents and occupational injuries cause chronic damage to the body’s organs and tissues. Chronic injuries need long-term care for complete recovery of the wound so this is estimated to increase the use of adhesive bandages market. Also, accidental injuries while working at home, and in the workplace, which include minor cuts and injuries are treated with adhesive bandages.
Product (Medicated Bandages, Non-Medicated Bandages)
The global adhesive bandages market is also segmented and analyzed for demand and supply by product into medicated and non-medicated bandages. Amongst these segments, the medicated bandages segment is expected to garner a significant share. The medicated bandages heal the wound faster compared to the non-medicated bandages. The medicated bandages also prevent the wound from foreign material as well as infections. The medicated bandages also help to enhance the healing process with high efficiency. Also, the bandages help to secure the dressing and control the blood flow. The use of medicated bandages is increasing with increasing wounds in elderly patients as they are more prone to surgeries and the healing process is delayed with reduced platelet count. Further, the medicated bandages are safe for kids as they avoid children from touching the wound very often making it big. These bandages prevent exposure to the play environment and the germs in the soil where kids usually play. It is reported that in the United States, over 3 million children aged 14 and below were injured during sports as of 2019.
Our in-depth analysis of the global market includes the following segments:
|
By Product |
|
|
By Material |
|
|
By Indication |
|
|
By Distribution Channel |
|
APAC Market Statistics
Further, the Asia Pacific region is estimated to have the second-largest market share during the forecast period. The large population count and increasing geriatric population are anticipated to drive market growth. As per the reports, elderly people with age 65 and above were estimated to be over 400 million in 2020 and the population of Asia accounts for one-half of the worldwide population.
North American Market Forecast
The North American adhesive bandages market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the growing prevalence of sports and accidental injuries, the rising number of fall injuries, and the rising geriatric population in the region. For instance, in the United States, the ratio of geriatric population has reached nearly 53 million in 2021. People are playing sports in a huge ratio as it is considered as a physical activity included with fun. Parents love to involve in any kind of sports to have a good interaction with their children. Sports are a type of recreational activity to be away from mental stress. Play activity is included in every playschool child’s schedule. Playground injuries are thus very common in kids aged 3 and above. Sports injuries in competitions, annual sporting, and on grounds are estimated to boost the use of adhesive bandages across the region. Most athletes get injured accidentally while playing sports.
ConvaTec Limited announced the completion of the acquisition of Triad Life Sciences Inc (‘Triad’). As part of Convatec's Advanced Wound Care (AWC) business, the Triad team, product pipeline, and portfolio are now renamed Convatec Advanced Tissue Technologies.
Beiersdorf AG has launched its first climate-neutralized plasters, GREEN & PROTECT, under the Hansaplast, Elastoplast, and CURITAS brands. These new GREEN & PROTECT plasters provide dependable wound protection by using nature-derived fibers that restrict 99% of bacteria and are wrapped in 93% recycled cardboard.
Author Credits: Radhika Gupta, Shivam Bhutani
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?