Adhesive Bandages Market is anticipated to touch a value of

2023-03-08 16:53:51 By : Mr. Ken Xu

February 02, 2023 08:00 ET | Source: Persistence Market Research Persistence Market Research

New York, New York, UNITED STATES

New York:, Feb. 02, 2023 (GLOBE NEWSWIRE) -- As per this new industry analysis by Persistence Market Research, the global adhesive bandages market was valued at US$ 452.5 million in 2021 and is projected to exhibit a CAGR of 3.1% between 2022 and 2032. Adhesive Bandages Market is expected to reach US$ 634.4 million by the end of 2032, 

Sports injuries can cause fractured bones, cuts, bruises, strains, sprains, tears, and other disorders. Increase in the number of injuries caused by leisure activities such as cycling and other sports is set to drive the demand for adhesive bandages. Soft tissue, cartilage, and skin injuries are becoming more frequent.  

The market is also projected to grow due to the increasing number of surgeries that result in surgical wounds would. Due to COVID-induced lockdowns, it was observed that there was a 48% decrease in surgical volumes in the United States. However, as things opened up, surgery rates rebounded rapidly.  

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Increasing age slows down the healing process. High risk of chronic disease in the aging population makes them more susceptible to chronic wounds. Also, other problems such as heart and blood vessel issues that arise with growing age limit the supply of nutrients to the wounds, making them worse. This rise in the aging population marks an opportunity for market growth. 

As a result of the increasing demand for adhesive bandages across the world, key market players are focusing on product innovation & development and the launch of bandages with different themes. 

Key Takeaways from Market Study 

“The adhesive bandages market is anticipated to see steady growth over the forecast period owing to the increasing number of injuries & chronic wounds and surgical procedures being carried out across the world,” according to a researcher of Persistence Market Research. 

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Product development technologies, partnerships, collaborations, mergers, and acquisitions are being prioritized by key market participants such as Medline Industries Inc. and Elkem who are manufacturing and bringing new products into their portfolios. 

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What Does the Report Cover? 

Persistence Market Research offers a unique perspective and actionable insights on the adhesive bandages market in its latest study, presenting a historical demand assessment of 2012 to 2021 and projections for 2022 to 2032. 

For additional insights on how the growth of the adhesive bandages market will unfold over the decade, write to the analyst at media@persistencemarketresearch.com 

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Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations.

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