Plastic bandages are adhesive bandages used for protecting minor cuts, holds medical devices, like IVs, and also burns. It consists of a pad made from materials like microporous tape or foam, which is fixed over the wound using an adhesive strip. The pad absorbs fluids from the wound and prevents contamination. It is used in hospitals, clinics, and households to protect wounds from friction with clothes and accidental bumps.

The global plastic bandages market is estimated to be valued at US$ 9.67 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics: One of the major drivers for the growth of the plastic bandages market is the increasing number of accidents globally. Accidents can occur anywhere and cause injuries ranging from minor cuts, abrasions to severe wounds. As per the World Health Organization (WHO), road accidents account for more than 1.3 million deaths worldwide every year. The rise in accidental and injury-prone activities has boosted the demand for wound dressings significantly. Furthermore, plastic bandages are increasingly preferred over traditional cloth bandages as they are waterproof, more sterile, and less painful to remove. Their porous design effectively absorbs blood and drainage from wounds. The convenient usage and effectiveness of plastic bandages have augmented their adoption rate across households and healthcare facilities.

SWOT Analysis

Strength: Plastic bandages offer protection against bacteria and are waterproof, allowing the wound to heal in a clean environment. They are transparent which allows wound monitoring without removal. Plastic bandages are also flexible, conforming to body movements comfortably.

Weakness: Adhesive materials in plastic bandages can sometimes cause skin irritation in sensitive individuals. They also do not breath as well cotton bandages, causing the wound area underneath to remain warm and moist.

Opportunity: Rising incidence of abrasions, lacerations and minor cuts globally due to increased outdoor activities and sports offer an opportunity to sell more plastic bandages. Growing geriatric population prone to injuries and wounds also present an opportunity.

Threats: Alternative wound care options like gel-based bandages, foam dressings and silver-based antimicrobial dressings taking market share away from traditional plastic bandages. Stringent regulations surrounding adhesive ingredients and materials used in bandages threaten profit margins.

Key Takeaways

Global Plastic Bandages Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 9.67 Billion in 2024.

Regional analysis comprises: North America currently dominates the plastic bandages market owing to increasing demand for advanced wound care products. Asia Pacific is expected to be the fastest growing region on account rapid economic development, huge patient population and improving access to healthcare.

Key players related content comprises: 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.

Check More Trending Articles On This Topic: https://www.pressreleasebulletin.com/plastic-bandages-market-share/

https://www.shayaricenter.com/understanding-cancer-biomarkers