Medical Bandage Market Overview:
The size of the global medical bandage market is projected to reach USD 7.45 Billion by 2025 from USD 6.27 Billion in 2017, at a CAGR of 3.9%. The increase in the geriatric population, which leads to an increase in the incidence of chronic diseases and injuries, a higher prevalence of ulcers, diabetic foot and surgeries, are the main drivers of market growth. In addition, the increased incidence of wound infection is a major concern for both health professionals and patients. Therefore, wound care is essential to reduce infection caused by burns, surgeries and traumas.
Medical Bandage Market Drivers and Challenges:
With the increase in the number of patients around the world, the demand for dressings has increased. Burns are the most common injuries and account for approximately 195,000 deaths each year worldwide. The main of these occur in low and middle income countries.
However, advanced dressings cost more than traditional dressings. Due to the high cost of these dressings, many patients prefer traditional dressings despite their slow healing process, which poses a challenge for the growth of advanced wound dressings. Skin sensitivity is higher in the elderly than in other groups of the population. As a result, inflammation of the skin and trauma problems due to the application of skin dressings is more relevant for this population. The damaging effect of bandage techniques on the skin is one of the main obstacles to the growth of the medical bandage market.
Geographical Analysis of Medical Bandage Market:
North America dominated the medical bandage in 2016, as patients became more aware of the disease and wound infections and the geriatric population was growing rapidly in the regions, particularly in the United States. The Asia Pacific medical bandages market is expected to experience the highest growth during the forecast period due to the tremendous opportunities available in this region, particularly in China and Japan. The large population of this region, combined with increasing levels of diseases and infections of wounds and increased per capita income, are the main drivers of growth in this region.
The Major Players Profiled in this Medical Bandage Market report include:
Yunnan Baiyao
Tianhong Medical
- Zee Medical
- 3M
- Beiersdorf
- Smith & Nephew
Key Segmentation of Medical Bandage Market:
Medical Bandage Market - By Product
Cotton Gauze Bandage
- Elastic Bandage
Medical Bandage Market - By Application:
Medical Bandage Market - By Regions:
North America
Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Summary:
The increase in the geriatric population, which leads to an increase in the incidence of chronic diseases and injuries, a higher prevalence of ulcers, diabetic foot and surgeries, are the main drivers of medical bandage market growth. North America dominated the medical bandage in 2016, as patients became more aware of the disease and wound infections and the geriatric population was growing rapidly in the regions, particularly in the United States.
+1 888 709 8757
Chat With Us