Adhesive Bandages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Adhesive Bandages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

Key Market TrendsHospitals and Clinics are Estimated to Hold Major Share of the Adhesive Bandages Market Over the Forecast Period

The hospitals and clinics are well equipped with first aid facilities available. A growing number of multispeciality hospitals are present across a large number of cities with growing facilities to accommodate emergency admissions of patients. With that, a large number of road accidents, as well as trauma cases, demand hospital admission and life-saving activities, where an urgent and immediate requirement of adhesive bandages is very important.

As per the June 2021 report of the Canadian Institute of Health Information, 63,496 hip replacements and 75,073 knee replacements were performed in the period 2019-2020 in Canada, and there was an average increase of about 5% in recent years in the knee and hip replacement procedures in the country. The rising number of surgeries is expected to propel the growth of the market over the forecast period.

According to the Organisation for Economic Co-operation and Development data on the number of cesarean section procedures, around 21,268 procedures were performed in Ireland in the year 2021, which was an increase of 8.68% from the year 2020. Such an increase in the number of surgical procedures, which employs the use of the adhesive bandages, is likely to add to the market growth.

Maintaining a supply of sticky bandages at such healthcare facilities is difficult and can occasionally be quite expensive for hospitals, patients, and their families. However, owing to the increasing number of surgical procedures being performed, this segment's user base is anticipated to grow steadily.

The recent innovations in the adhesive bandages used in the surgical procedures are expected to propel the growth of the hospitals and clinics segment over the forecast period. For instance, in August 2022, a group of Canadian researchers discovered that the ultrasonic waves could be utilized to adjust the stickiness of adhesive bandages. This novel discovery will significantly help the hospitals and clinics that require adhesive solutions for surgeries. These innovations are expected to boost the growth of the adhesive bandages market over the forecast period.

North America is Estimated to Have Major Share Over the Forecast Period

North America has a well-established infrastructure across a number of healthcare facilities, supported by government policies and structure reimbursement scenarios.

The rising number of surgeries in the region is a major factor contributing to the growth of the market. According to the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, 15.6 million cosmetic procedures and 6.8 million reconstructive procedures were performed in the United States in the year 2020. The majority of these procedures require adhesive bandages during the recovery period.​ Such an increasing number of surgeries is expected to boost the growth of the market over the forecast period.

Some of the primary consumers of adhesive bandages on a large scale are children, parents, and caretakers. Also, to attract the consumer in this market segment, there are several efforts developed to create products that incorporate graphics or eye-catching designs such as stickers, tattoos, holograms, glitter, and color-changing bandages. A wide presence of domestic and international players across the United States and Canada drives the adhesive bandages business in the North American region.

For instance, in June 2021, Johnson and Johnson launched their new OURTONE strips in three distinct shades of brown to help ensure that people of color have more options in the first-aid aisle. Such activities are likely to promote the growth of the adhesive bandages market in the North American region over the forecast period.

Competitive Landscape

The major market players are focusing on better distribution channels as well as reaching out to each category of patients with different diseases and age groups, which makes the companies grow in this market. The adhesive bandages market is fragmented and competitive and consists of several key players. Some of the major players in the market are 3M, B. Braun Melsungen AG, Cardinal Health, Inc., Johnson and Johnson, and Smith & Nephew Pty Ltd, among others.

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