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Adhesive Bandages Market Size is Estimated to Reach $2,217 Million by 2027. Furthermore, Poised to Grow at a CAGR of 4.8% Over the Forecast Period of 2022-2027
HYDERABAD, TELANGANA, INDIA , September 27, 2022 /EINPresswire.com/ — IndustryARC, in its newest report, predicts that the Adhesive Bandages Market Size is estimated to achieve $2,217 million by 2027. Furthermore, it’s poised to develop at a CAGR of 4.8% over the forecast interval of 2022-2027. An adhesive bandage is a used for medical dressing that consists of a skinny textile strips with a sticky floor on one aspect and a smaller, non-sticky, absorbent pad on the opposite. It is also called medical or sticking plaster, and is used to guard minor wounds from additional injury, friction, an infection, and filth. Adhesive bandages are used for numerous goal equivalent to wound administration, orthopedics help, ache administration and others. Adhesive bandages could be divided into medicated and non-medicated bandages. They are additional segmented into versatile fixation bandages and cohesive cloth bandage. Cohesive cloth bandages are used to cowl wounds and help injured joints and muscle mass, whereas versatile fixation bandages are used to carry compresses, dressings, and pads in place. Food preparation staff use blue adhesive bandages owing to higher visibility of those bandages in kitchen and different manufacturing settings. Furthermore, a skinny metallic strip is tucked between the pad of the bandages, in order that it may be simply detected by the metallic detectors utilized by meals producers to verify for contamination through the manufacturing course of.
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This IndustryARC report on the Adhesive Bandages Market highlights the next areas –
1. Geographically, North America held a dominant market share within the 12 months 2021 on account health-care infrastructure which is nicely developed and rising geriatric inhabitants with excessive threat of being vulnerable to persistent wounds. Asia-Pacific is predicted to supply profitable development alternatives to the producers owing to the rising variety of highway accidents and accidents in addition to the adoption of surgical procedure procedures. The sturdy development of medicated bandages phase is predicted to reinforce the market development through the forecast interval of 2022-2027.
2. Increasing variety of accidents on account of leisure actions and sports activities is estimated to drive the market development of adhesive bandages market.
3. Moreover, the market is predicted to rise owing to a rise within the aged inhabitants, which is extra vulnerable to orthopaedic operations and accidents, in addition to a rise in home work-related accidents amongst all age teams. However, new product choices, equivalent to therapeutic glues or gels, sprays and medical glues out there continues to pose risk to the market development.
4. An in depth evaluation of strengths, weaknesses, alternatives, and threats might be offered within the Adhesive Bandages Market Report.
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1. Adhesive Bandages Market primarily based on drug sort could be additional segmented into Medicated Bandages and Non-Medicated Bandages. Medicated Bandages held a dominant market share within the 12 months 2021 and is estimated to be the fastest-growing, with a CAGR of 4.1% over the forecast interval of 2022-2027.
2. Adhesive Bandages Market primarily based on distribution channels sort could be additional segmented into Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies and Others.
3. The Adhesive Bandages Market primarily based on Geography could be additional segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World.
The prime 5 gamers within the Adhesive Bandages trade are –
1. The 3M Company
2. Johnson and Johnson Consumer Inc
3. Smith & Nephew Pty Ltd
4. Conva Tec, Inc
5. Beierdarf AG
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