February 21, 2024
Plastic Bandages Market

The global plastic bandages Market Growth Accelerated by Rising Incidences of Injuries

Plastic bandages are sterile adhesive bandages used for minor injuries, cuts, scratches, or burns. They provide protection from external dirt and bacteria at the wound site, help hold together the edges of minor wounds, and lessen bleeding and promote healing. The global plastic bandages market has emerged as an easily accessible and affordable treatment option for minor injuries occurring at homes or workplaces.

The global plastic bandages Market is estimated to be valued at US$ 11.14 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising incidences of injuries coupled with increasing participation in sports and recreational activities have been the major factors propelling the demand for plastic bandages. Statistics show that injuries account for nearly 16% of the global burden of disease and are rising globally. Sports injuries requiring minor wound dressings are also on the rise thereby driving the plastic bandages market growth. Growing health awareness has prompted more people to opt for plastic bandages for self-care of minor cuts and wounds at homes rather than visiting physicians for every small injury. Advanced plastic bandages with additives that enhance healing and prevent infection are gaining higher acceptance boosting the plastic bandages market outlook.

Segment Analysis
The global plastic bandages market is segmented into material type and distribution channel. Based on material type, the market is segmented into polyethylene, polyurethane, acrylic, and others. The polyethylene segment dominates the market due to its low cost, wide availability, and ease of use. It provides breathability and comfort to wounds.

Key Takeaways

The Global Plastic Bandages Market Demand is estimated to be valued at US$ 11.14 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.

The global plastic bandages market is expected to witness high growth during 2024 to 2031. Regional analysis- North America dominates the plastic bandages market due to high healthcare spending and awareness about wound care management. Asia Pacific is the fastest growing region owing to rising medical tourism and increasing number of surgeries.

Key players operating in the plastic bandages market are Johnson & Johnson, BSN Medical, 3M, Acelity L.P. Inc., Medline Industries Inc., ConvaTec Inc., Lohmann & Rauscher GmbH & Co. KG, Nitto Denko Corporation, and B. Braun Melsungen AG.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it