Adhesive Bandage Market: Global Industry Analysis and Forecast (2024-2030)
Adhesive Bandage Market size was valued at USD 3.52 Bn. in 2023 and the Adhesive Bandage revenue is expected to grow at a CAGR of 3.8% from 2024 to 2030, reaching nearly USD 4.57 Bn. by 2030.
Format : PDF | Report ID : SMR_2058
Adhesive Bandage Market Overview:
There are many reasons for the growth of the Adhesive Bandage Market. People need it for immediate wound care because minor cuts happen too often and people may get burnt or injured. Such reasons like the development of hypoallergenic bandages that are more comfortable than before have led to an increase in demand for waterproofing ones and other related products in order to meet different consumer needs thus leading towards growth for this industry. The emphasis on personal health and hygiene is on the increase and is associated with an increase in disposable income, which in turn leads to an increased demand for superior-quality adhesive bandages.
In addition, accessibility to this product as well as consumer appeal has benefited from an expanding online retail segment while the popularity growth of customizable and themed bandages among them is increasing. The market is also being driven by innovations targeting specific demographics, such as children and athletes, as well as the growing adoption of eco-friendly and biodegradable options, reflecting the broader trend towards sustainable healthcare products.
To get more Insights: Request Free Sample Report
Adhesive Bandage Market Dynamics:
Technological Innovations and Market Trends Fueling Growth in the Adhesive Bandage Sector
Technological advancements in materials and adhesives shape the dynamics of the market for adhesive bandages that have led to better, more comfortable and specialized product ranges. Increased incidence of minor injuries and improved awareness in first aid practices are driving up the need. The proliferation of internet retail and the increasing move to eco-friendly, hypoallergenic bandage options are further underpinning market expansion. Moreover, market growth and competitiveness are being boosted by other things such as customisation of products for specific consumer segments like athletes and children.
Adhesive Bandage Market Challenges
The market for adhesive bandages, including competition and product commoditization, is demanding on pricing and margins. There are also obstacles to the development and entry into the industry of new or environmentally friendly choices because of regulatory barriers as well as very high safety requirements. In addition, there are still investments needed for research and development due to the growing demand from consumers who want eco-friendly or non-reactive items. Besides, these products can become less affordable or just disappear from shelves due to irregular changes in costs on key components or breakdown at any point of manufacturing chain.
Adhesive Bandage Market Segment Analysis:
By Product, The Adhesive Bandage Market includes several types of product; traditional adhesive bandages, hydrocolloid bandages, and advanced antibacterial adhesive bandages. The market is dominated by Traditional adhesive bandages because they are readily available and cheap, for everyday minor accidents. Hydrocolloid dressings, increasing in popularity for blister and chronic wound treatment, offer moisture management while promoting faster healing. To minimize risk of infection and speed up wound healing, improved silver-containing antimicrobial bandages are served in medical settings.
Adhesive Bandage Market Regional Insight:
The Adhesive Bandage Market shows significant regional variation, with North America leading due to high healthcare expenditure and widespread consumer awareness of first aid practices. Europe follows closely, driven by advanced healthcare infrastructure and an increasing focus on eco-friendly products. In the Asia-PacSific region, rapid urbanization and a growing middle class are fueling market growth, while emerging economies in Latin America and Africa present opportunities for expansion due to rising healthcare investments and improving access to medical supplies.
Adhesive Bandage Competitive Landscape:
- In October 2023, a group uncovered that Chinese drug firms, upheld by global banks, were tracked down using parts from leopards and pangolins. This included three freely recorded traditional Chinese medicine (TCM) companies: Beijing Tong Ren Tang, Tianjin Drug, and Jilin Aodong Medication.
- In May 2023, CURAD, a Medline brand eminent for its first-rate consumer medical items, presented CURAD Naturals, a line of adhesive bandages highlighting a scope of all-natural healing ingredients. These ingredients, including Aloe Vera, Vitamin E, and ARM and HAMMER™ Baking Soda, are known for their relieving properties and are straightforwardly mixed into the wound pad and bandage surface. This guarantees delicate and viable treatment and the assurance of wounds during the healing process.
Adhesive Bandage Market Scope:
Adhesive Bandage Market |
|
Market Size in 2023 |
USD 3.52 Bn. |
Market Size in 2030 |
USD 4.57 Bn. |
CAGR (2024-2030) |
3.8 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Product Medicated Bandages Non-Medicated Bandages |
By Material Fabric Plastic Latex |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Adhesive Bandage Market Key Players:
- Cardinal health
- BEIERSDORF
- Sterimed Group
- Convatech.inc
- Dynarex Corporation
- Essity
- Johnson & Johnson
- Medline Industries
- smith and nephew plc
- B. Braun Melsungen AG
- 3M
- Gold win medicare
- L&R USA INC.
- Nitto Denko Corporation
- PAUL HARTMANN AG
- McKesson Medical-Surgical Inc.
- Braun Melsungen AG
- Detectaplast Inc
- Molnlycke Health Care
- Medisistsurgicals
Frequently Asked Questions
Demanding on pricing and margins are the challenge in the Adhesive Bandage Market.
The Market size was valued at USD 3.52 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 3.8 % from 2024 to 2030, reaching nearly USD 4.57 Billion.
The segments covered in the market report are by product and Material.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Adhesive Bandage Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Adhesive Bandage Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches
4. Adhesive Bandage Market: Dynamics
4.1. Adhesive Bandage Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Adhesive Bandage Market Drivers
4.3. Adhesive Bandage Market Restraints
4.4. Adhesive Bandage Market Opportunities
4.5. Adhesive Bandage Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
4.10.1. Market Regulation by Region
4.10.1.1. North America
4.10.1.2. Europe
4.10.1.3. Asia Pacific
4.10.1.4. Middle East and Africa
4.10.1.5. South America
4.10.2. Impact of Regulations on Market Dynamics
4.10.3. Government Schemes and Initiatives
5. Adhesive Bandage Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
5.1. Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
5.1.1. Medicated Bandages
5.1.2. Non-Medicated Bandages
5.2. Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
5.2.1. Fabric
5.2.2. Plastic
5.2.3. Latex
5.3. Adhesive Bandage Market Size and Forecast, by Region (2023-2030)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Middle East and Africa
5.3.5. South America
6. North America Adhesive Bandage Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
6.1. North America Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
6.1.1. Medicated Bandages
6.1.2. Non-Medicated Bandages
6.2. North America Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
6.2.1. Fabric
6.2.2. Plastic
6.2.3. Latex
6.3. North America Adhesive Bandage Market Size and Forecast, by Country (2023-2030)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. Europe Adhesive Bandage Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
7.1. Europe Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
7.2. Europe Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
7.3. Europe Adhesive Bandage Market Size and Forecast, by Country (2023-2030)
7.3.1. United Kingdom
7.3.2. France
7.3.3. Germany
7.3.4. Italy
7.3.5. Spain
7.3.6. Sweden
7.3.7. Russia
7.3.8. Rest of Europe
8. Asia Pacific Adhesive Bandage Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
8.1. Asia Pacific Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
8.2. Asia Pacific Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
8.3. Asia Pacific Adhesive Bandage Market Size and Forecast, by Country (2023-2030)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of Asia Pacific
9. Middle East and Africa Adhesive Bandage Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
9.1. Middle East and Africa Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
9.2. Middle East and Africa Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
9.3. Middle East and Africa Adhesive Bandage Market Size and Forecast, by Country (2023-2030)
9.3.1. South Africa
9.3.2. GCC
9.3.3. Egypt
9.3.4. Rest of the Middle East and Africa
10. South America Adhesive Bandage Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
10.1. South America Adhesive Bandage Market Size and Forecast, by Product (2023-2030)
10.2. South America Adhesive Bandage Market Size and Forecast, by Material (2023-2030)
10.3. South America Adhesive Bandage Market Size and Forecast, by Country (2023-2030)
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Rest Of South America
11. Company Profile: Key Players
11.1. Cardinal health
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.2.1. Product Name
11.1.2.2. Product Details (Price, Features, etc.)
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. BEIERSDORF
11.3. Sterimed Group
11.4. Convatech.inc
11.5. Dynarex Corporation
11.6. Essity
11.7. Johnson & Johnson
11.8. Medline Industries
11.9. smith and nephew plc
11.10. B. Braun Melsungen AG
11.11. 3M
11.12. Gold win medicare
11.13. L&R USA INC.
11.14. Nitto Denko Corporation
11.15. PAUL HARTMANN AG
11.16. McKesson Medical-Surgical Inc.
11.17. Braun Melsungen AG
11.18. Detectaplast Inc
11.19. Molnlycke Health Care
11.20. Medisistsurgicals
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook