Market Size of Global Adhesive Bandages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Adhesive Bandages Market Analysis
The adhesive bandages market is projected to register a CAGR of 4.1% over the forecast period (2022-2027).
During the COVID-19 pandemic, several communities, industries, businesses, and lives were adversely affected owing to the restrictions imposed by various countries. Almost all sectors were affected by the COVID-19 pandemic. An article titled 'Impact of the COVID-19 Pandemic on Trauma Encounters' published in the journal of The American Surgeon in July 2021 indicated that there was an approximately 6% cumulative decrease in trauma volume during the year 2020 because of the COVID-19 pandemic. Such a reduction in the number of trauma cases led to a minimal use of adhesive bandages to be used on the injuries, which impacted the growth of the market over the forecast period.
The major factors driving the growth of the adhesive bandages market include the rising number of surgeries performed all over the world, rise in the number of trauma related injuries, along with the technical advancements being made in the bandage materials.
The adhesive bandages play a primary role in stopping bleeding and preventing infections. Depending upon the application areas of a body, there are four major types of bandages used plastic, fabric, foam, and tricot. With the growing number of skin injuries particularly in old age and very young ages, drive the importance of adhesive bandages. There are increased number of skin diseases and surgical procedures performed across large number of hospitals and multi-speciality centers, which also demand imporved capabilities of bandages used for healing of infection or wounded area of a body. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) published Global Survey Results 2020 report, a total of 10,129,528 cosmetic surgical procedures were performed in 2020. The large number of cosmetic surgeries performed increases the demand for the adhesive bandages, which is likely to add to the growth of the studied market over the forecast period.
According to an article titled 'Diabetic Foot Ulcer' published in May 2022 by StatPearls Publishing, diabetic foot ulcers had an annual incidence of 9.1 to 26.1 million every year. Almost 15% to 25% of the patients with diabetes mellitus will develop a diabetic foot ulcer during their lifetime. An article titled 'Amputations of Lower Limb in Subjects with Diabetes Mellitus: Reasons and 30-Day Mortality' published in the Journal of Diabetes Research in July 2021 indicated that in Poland, around 68.6% of the amputations were attributed to diabetes. The high prevalence of the diseases and the associated high incidence of limb amputations are expected to create a demand for adhesive bandages, which is likely to boost the growth of the market over the forecast period.
Therefore, steady growth has been observed in type of bandages used for adhesive purposes. Such factors drive the adhesive bandages market, over the forecast period. However, in certain cases the material made of latex or polyurethane, owing to its side-effects, hinders the use of such bandages and its market in a region.
