28-Jul-2021 | Facts and Factors
Findings from Facts & Factors Research report “Adhesive Dressings Market By Type (Acrylic Adhesives, Rubber-based Adhesives, Hydrogel Adhesives, Soft Silicone Adhesives, Polyurethane Adhesives, and Others), Product Type (Bandages/Tapes, Pads, Gauze, Films, and Others), By Application (Wound Treatment, Orthopedic Support, and Others), and By Distribution Channel (Hospitals & Clinics, Pharmaceutical Stores, Online, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” states that the global adhesive dressings market in 2020 was approximately USD 2,200 Million. The market is anticipated to grow at a CAGR of 6% and is anticipated to reach around USD 3,300 Million by 2026.
A dressing is a germ-free pad or wrapping that is applied to a wound to help it heal and defend it from additional damage. In contrast to a bandage, which is commonly used to keep a dressing in place, a dressing is intended to come into direct contact with the wound. Self-adhesive dressings are popular nowadays. Medicated adhesive dressings are gaining a lot of popularity among customers because there are a lot of bruises and cuts from falling on the road or ground, which causes the wound to become infected with bacteria, so after cleaning the wound, medicated bandages are applied to protect it from further infection.
Browse the full report “Adhesive Dressings Market By Type (Acrylic Adhesives, Rubber-based Adhesives, Hydrogel Adhesives, Soft Silicone Adhesives, Polyurethane Adhesives, and Others), Product Type (Bandages/Tapes, Pads, Gauze, Films, and Others), By Application (Wound Treatment, Orthopedic Support, and Others), and By Distribution Channel (Hospitals & Clinics, Pharmaceutical Stores, Online, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/adhesive-dressings-market
The global adhesive dressings market is fueled by an increase in the number of injuries caused by recreational activities among people of all ages, as well as an increase in the geriatric population, which is thought to be more susceptible to minor mishaps, such as falls.
Due to major driving factors such as growing diabetes prevalence, as these patients have a high risk of sepsis, and increasing health awareness, North America has been described as the largest adhesive bandages market globally. According to the new study released by the Centers for Disease Control and Prevention in 2017, more than 100 million adults in the United States have diabetes or prediabetes, which may lead to type 2 diabetes if not treated within five years. Due to an increase in patient population, increased government initiatives in the health care sector, an increase in the number of injuries, and a rise in key players' interest in expanding market presence in the region, the adhesive dressings market in the Asia Pacific is expected to develop at a rapid pace during the forecast period.
The adhesive dressings market is divided on the basis of type, product type, application, and distribution channel. Based on type segmentation, the market is split acrylic adhesives, rubber-based adhesives, hydrogel adhesives, soft silicone adhesives, polyurethane adhesives, and others. The soft silicone adhesives are anticipated to hold the largest market share as it has a thin adhesive silicone coating that wicks fluid vertically and acts as an absorbent dressing, reducing exudate interaction with the peri-wound skin even more. By the application type, the segment of wound treatment is expected to grow owing to the rise in the wounds incurred by major and small injuries in recent years, necessitating the use of appropriate therapy and prescriptions for rapid recovery. A number of chronic diseases are also contributing to the growing question over wounds around the world. High blood pressure and diabetes conditions wreak havoc on the body's own healing mechanisms. As a result, wounds and fractures of diabetic patients need special attention and treatment. It's important to note that in 2019, more than 54% of diabetic ulcers were affected, with about 23% requiring amputation. This reflects the cost of wound care services for the patients that have been affected. Aside from road traffic accidents, each year adds to the current global statistic of wounded and disabled patients. This implies greater reliance on wound care materials and equipment for the treatment of accident victims around the world. Furthermore, about 20-30 million people are injured or affected annually, and by 2030, road traffic deaths will be the fifth leading cause of death. This figure, in particular, indicates that the global adhesive dressings industry has a large window of potential for profit. In terms of distribution channels, the market is bifurcated into hospitals & clinics, pharmaceutical stores, online, and others. Since they are well equipped with first aid equipment, hospitals and clinics are expected to have a significant share of the adhesive dressing market. An increasing number of multispecialty hospitals are emerging up throughout the country, with more facilities to handle emergency patient admissions. As a result, a substantial number of traffic injuries and emergency incidents necessitate hospital admission and life-saving operations, necessitating the urgent and immediate use of adhesive bandages.
Top Market Players
Some of the key players in the Johnson & Johnson Services, Inc., Appulse Medical, 3M, Lohmann & Rauscher International GmbH & Co. K, Zeni Medical, Scapa Group plc, ConvaTec Inc., Detectaplast, Integra LifeSciences Holdings Corporation, Smith & Nephew, North Coast Medical, Cardinal Health, Dynarex Corporation, Medline Industries, Inc., and B. Braun Melsungen AG, among others. To gain a credible foothold in the global economy, these multinational corporations have used a range of strategies, including purchasing alliances, shares, contracts, collaborations, joint ventures, new product launches, transactions, and mergers and acquisitions. In the global wound dressings industry, 3M (US) is the market leader. To grow its market share in wound dressings, the company focuses on new product launches and acquisitions. Mölnlycke launched the Mepilex Border Flex dressing in November 2018, which is designed to promote fewer dressing changes, lower dressing costs, and waste while promoting optimal healing. ConvaTec declared the introduction of ConvaMax in January 2020, which aids in the organization of highly showing wounds such as leg ulcers, surgical wounds, and diabetic foot ulcers.
This report segments the adhesive dressings market as follows:
Global Adhesive Dressings Market: By Type Segmentation Analysis:
Global Adhesive Dressings Market: By Product Type Segmentation Analysis
Global Adhesive Dressings Market: By Application Segmentation Analysis
Global Adhesive Dressings Market: By Distribution Channel Segmentation Analysis
Global Adhesive Dressings Market: Regional Segmentation Analysis
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