Global Adhesive Bandages Market Report and Forecast 2024-2032

Global Adhesive Bandages Market Size

The global adhesive bandages market was valued at USD 3.2 billion in 2023, driven by rising cases of minor injuries and growing adoption of sustainable bandages across the globe. The market is expected to grow at a CAGR of 3.86% during the forecast period of 2024-2032 and attain a market value of USD 4.4 billion by 2032.

Global Adhesive Bandages Market Outlook

• The market demand is driven by the rising incidences of minor injuries and the growing aging population more prone to minor accidents.

• One of the market trends is the growing demand for sports and athletic wraps to prevent and treat sports injuries.

• The market share is influenced by new product launches, growing demand for sustainable adhesive bandages, and the growth of e-commerce platforms.

Global Adhesive Bandages Market Overview

An adhesive bandage, also called plaster, is a flexible sheet that is sticky on one side and has a non-sticky and absorbent pad placed against the wound. It is a medical dressing that is used for minor injuries, and the bandage protects the wound from bacteria and dirt. The rising incidences of minor injuries are increasing the utilization of adhesive bandages in clinical spaces, home settings, and work environments. The growing aging population who are more prone to minor accidents due to their delicate skin and brittle bones further fuels the market demand. The rising investments in research activities to develop innovative, user-friendly, and technologically advanced adhesive tapes are contributing to the market growth. Moreover, the increasing adoption of sustainable adhesive bandages that are environmentally friendly and entirely safe for use on the human body is a major trend supporting the market expansion.

Global Adhesive Bandages Market Growth Drivers

Surge in New Product Launches Set to Expedite Market Growth

In April 2023, 3M introduced Medical Tape 4576, which is an adhesive tape that secures medical devices to the skin of a patient for up to 21 days. Additionally, the polyester nonwoven bandage offers excellent adhesion and flexibility to the skin. Moreover, the company announced that its 3M™ Nexcare™ Duo bandages were declared the 2023 winner in the first-aid category. The new product is flexible, breathable, and made of water-resistant fabric. The Nexcare Duo bandages protect customers from painful removal and possess a solvent-free and skin-friendly silicone glue delivering all-day hold. Such innovative product launches are expected to support the adhesive bandages market development in the forecast period.

Global Adhesive Bandages Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Adhesive Bandages Segmentation

Market Breakup by Type

• Medicated Bandages

• Non-Medicated Bandages

Market Breakup by Material

• Plastic

• Woven Fabric

• Latex Strip

• Others

Market Breakup by Distribution Channels
  

• Hospital and Clinics

• Retail Store

• E-commerce

• Others

Market Breakup by Application

• Oedema Control and Pain Management

• Wound Management

• Orthopeadic Support

• Sports and Athletic Wraps

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Adhesive Bandages Market Share

Growing Demand for Medicated Bandages in Clinical Settings Expected to Fuel Market Share

Based on type, the market is segmented into medicated bandages and non-medicated bandages. Medicated adhesive bandages are being utilized to dress injuries in clinical settings due to their convenience, easy availability, and effective treatment of minor injuries. The rising cases of minor injuries and the efficacy of medicated plasters in rapidly healing wounds are fueling the demand for these bandages, which directly influences the adhesive bandage market growth.

Non-medicated adhesive bandages like metal-detectable adhesive plasters of various sizes and shapes are being used by restaurants and food manufacturers. They offer high visibility and metal-detectable dressing and are available in the form of foam bandages, woven bandages, and plastic bandages, among others.

Growing Usage of Plastic, Woven Fabric, and Latex Strip Materials to Aid the Adhesive Bandages Market

The market segmentation by material includes plastic, woven fabric, and latex strips, among others. Plastic bandages offer several benefits, including easy application, and long-lasting wound protection. It also features air holes for breathability and absorb minor bleeding. Moreover, they are cost-effective, easily available, and help in repelling water and oils, which augments the adhesive bandage market demand.

Fabric adhesive tapes are flexible, offer a comfortable experience, and contour the body. Various initiatives taken by the market players in developing fabric products due to the rising eco-consciousness are likely to aid the market. For instance, in June 2023, the WoolAid, a start-up company, introduced its wool bandages that are breathable, flexible, sterile, and biodegradable.

The latex strips are made from rubber which derives from the sap of trees. These bandages are inexpensive, stretchy, strong, and offer comfort.

Hospitals and Clinics, Retail Stores, and E-Commerce are the Significant Distribution Channels in the Adhesive Bandages Market

The availability of high-quality adhesive plasters at affordable prices in distribution channels, such as hospitals, clinics, and retail stores, is benefitting the market. The emergence of e-commerce is surging the accessibility and availability of innovative adhesive bandages, which is providing impetus to the market expansion.

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Global Adhesive Bandages Market Analysis by Region

Based on the region, the market report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a major share in the adhesive bandages market. The increasing demand for superior-quality adhesive bandages in the region due to the advanced healthcare infrastructure is driving the market growth. Additionally, the presence of leading market players and their favorable initiatives for developing innovative adhesive bandages are aiding the adhesive bandages market development. For instance, Johnson & Johnson Services, Inc.'s launch of OURTONE™ adhesive tapes that come in three brown shades was a proactive measure to promote inclusivity and enhanced aesthetic appeal for people with different skin tones.

Meanwhile, the Asia Pacific region is expected to support the market owing to the rising demand for adhesive bandages amid increasing accidents and the growing geriatric population. The introduction of supportive government regulations to provide first-aid kits for the enhanced safety of workers is propelling the market for adhesive bandages.

 
Leading Players in the Global Adhesive Bandages Market

The key features of the market report include the patent analysis and new product launches by the leading market players. The major companies in the market are as follows:

3M

Headquartered in the United States, this multinational conglomerate is known for its wide range of bandages and dressing offerings. One of its key products, 3M™ Elastic Adhesive Bandage, provides a high degree of adhesion and elastic backing to ensure adequate compression to control swelling or edema.

B. Braun Melsungen AG

This German pharmaceutical and medical device company offers innovative solutions for wound management and contributes to significant adhesive bandages market growth. The company has a robust portfolio of basic care dressings and bandages that focus on secure adherence and patient comfort.

Cardinal Health, Inc.

Cardinal Health, Inc. is a prominent multinational healthcare company and one of the major global distributors of medical, laboratory, and pharmaceutical products. The company also provides data solutions for healthcare facilities and aims to deliver end-to-end solutions to advance healthcare and improve lives.

 
Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. is a multinational corporation based in the U.S. that develops medical devices, pharmaceuticals, and other consumer packaged goods. It is a healthcare company that strives to create healthier communities and change the trajectory of health for humanity.

Other key players in the market include Smith & Nephew Pty Ltd., Dynarex Corporation, MEDILIVESCARE MANUFACTURING Pvt. Ltd., Sterimed Medical Devices Private Limited, Medicare Hygiene Limited, and BIPSON SURGICAL PVT. LTD.

Key Highlights of the Report

Key Questions Answered in the Global Adhesive Bandages Market Report

• What was the global adhesive bandages market value in 2023?
• What is the global adhesive bandages market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on type?
• What is the market breakup based on material?
• Who are the major distribution channels in the market?
• Where does adhesive bandage find its application?
• What are the major factors aiding the global adhesive bandages market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience rapid growth during the forecast period? 
• How does the incidence of minor injuries affect the market landscape?
• What are the major global adhesive bandages market trends?
• How does the rise in the geriatric population impact the market size?
• Which type of adhesive bandage will dominate the market share? 
• Which application area is expected to have a high market value in the coming years?
• Which material will experience the highest demand in the market segment?
• Which distribution channel is projected to contribute to the highest market growth?
• Who are the key players involved in the adhesive bandages market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?