The medical bandages market accounted for $136 million in 2018, and is expected to reach $213 million by 2026, registering a CAGR of 5.7% from 2019 to 2026.
A medical bandage is a piece or strip of a material such as cloth and others, which is employed in wound management. In addition, these medical bandages are employed in providing support to a wound dressing. Furthermore, these bandages are also used in keeping the wound clean and free from foreign material. The other uses of medical bandages include, providing firm pressure to restrict the blood flow to the site of an injury. This restriction of blood flow leads to reduction of inflammation at the site of injury. Thus, there are different types of medical bandages present in the market such as gauze bandage, adhesive bandage, cohesive bandage, and others. Furthermore, these bandages have different mechanisms in wound care. For instance, cohesive bandages do not adhere well to other surfaces such as skin and hair or other materials. Thus, cohesive bandages are ideal for wrapping limbs without the commonly associated pain of waxing the hair off skin during the removal of the bandage. Similarly, adhesive bandages are short-to-medium in size, which can stick to the skin by means of acrylic adhesives or zinc oxide glue. In addition, adhesive bandages are used in providing self-care for infected or deep bleeding wounds that require immediate medical attention. Moreover, medical bandages are utilized in the treatment of different types of wounds such as surgical wounds, traumatic & laceration wounds, burns, ulcers and others.
Surge in number of sport injuries is the major factor that fuels the Saudi Arabia medical bandages market growth. Furthermore, other factors such as rise in number of surgical procedures and increase in healthcare expenditure fuel the growth of the market. Moreover, rise in demand for medical bandages and surge in the number of accident cases contributes toward the growth of the market. In addition, there has been a rapid rise in geriatric population in Saudi Arabia, which leads to surge in prevalence of chronic disorders such as prostate cancer, benign prostatic hyperplasia, atherosclerosis, and others. Furthermore, these chronic conditions require surgical procedures for treatment, which in turn require the use of medical bandages. Thus, surge in geriatric population is a major factor that fuels the Saudi Arabia medical bandages market growth of the medical bandages market in Saudi Arabia.
Saudi Arabia Medical Bandage smarket Segmentation
The medical bandages market is segmented on the basis of product, application, and end user to provide a detailed assessment of the market. By product, the market is divided into gauze bandage, adhesive bandage, cohesive bandages and elastic bandage. By application, it is classified into surgical wounds, traumatic & laceration wounds, burns, ulcers, sport injuries and other wounds. By end user, the Saudi Arabia medical bandage market size is studied for hospitals, clinics and ambulatory surgical centers.
Segment Review
On the basis of product, the market is divided into gauze bandage, adhesive bandage, cohesive bandages, and elastic bandage. The gauze bandage segment acquired the major Saudi Arabia medical bandage market share of the medical bandages market and is expected to exhibit the fastest growth rate during the forecast period. The growth of this segment is attributed to its greater usage in various surgical procedures. In addition, gauze bandages serve various applications such as cleansing, packing, scrubbing, covering, and securing in a variety of wounds, which contribute to the growth of this segment. The other factor includes easy affordability as the gauze bandages are cheap as compared to other types of bandages, which also boost the growth of the gauze bandage market.
By Product
Gauze Bandage segment holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.
By application, the market is segmented into surgical wounds, traumatic & laceration wounds, burns, ulcers, sport injuries, and other wounds. The surgical wound segment dominated the Saudi Arabia medical bandages market in 2018 and is anticipated to maintain its dominance during the forecast period. This is due to surge in number of surgical procedures performed in Saudi Arabia, which lead to rise in demand for medical bandages.
By Application
Ulcers segment is projected as one of the most lucrative segment.
By end user, the market is segmented into hospitals, clinics and ambulatory surgical centers. The hospitals segment occupied the largest share of the market in 2018 and is expected to maintain its dominance during the forecast period. The growth of this segment is attributed to presence of large number of hospitals in the country. The other factors that contribute to the growth of the segment include surge in the healthcare expenditure, which leads to rise in demand for medical bandages. Furthermore, the ambulatory surgical centers segment is expected to exhibit the fastest growth rate during the forecast period. This is attributed to rise in the number of ambulatory surgical centers across the country and surge in the adoption of minimally invasive surgical procedures that are performed in ambulatory surgical centers.
By End User
Asia-Pacific region would exhibit the highest CAGR of 16.1% during 2019-2026.
The Saudi Arabia medical bandages market is highly competitive, and prominent players have adopted various strategies for garnering maximum Saudi Arabia medical bandage market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include The National Medical Products Co., Ltd., (Damad), Dukal Corporation, Dynarex Corporation., Medline Industries, Inc., DeRoyal Industries, Inc., NICHIBAN Co., Ltd., Smith & Nephew plc, The 3M Company, Medtronic plc., and Cardinal Health.
Key Benefits For Stakeholders
This report entails a detailed quantitative analysis along with the current Saudi Arabia medical bandages market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Saudi Arabia medical bandages market forecast is studied from 2019 to 2026.
The Saudi Arabia medical bandages market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
Saudi Arabia Medical Bandages Market Report Highlights
| Aspects | Details |
 By Product |
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 By Application |
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 By End User |
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 Key Market Players | MEDLINE INDUSTRIES, INC., NICHIBAN CO., LTD., DYNAREX CORPORATION, DUKAL CORPORATION, CARDINAL HEALTH., DEROYAL INDUSTRIES, INC., THE NATIONAL MEDICAL PRODUCTS CO., LTD. (DAMAD), MEDTRONIC PLC., 3M COMPANY, SMITH & NEPHEW PLC. |
Analyst Review
A medical bandage is a strip of cloth made from different material such as cotton. These are used to cover various types of wounds such as ulcer wounds, burn wounds, trauma wounds, and others. Furthermore, medical bandages are also used to keep the wound dressing in place to promote faster healing. Some of the available medical bandages include elastic bandage, gauze bandage, and others. In addition, bandages are necessary medical supplies that are used protect the wound from infection and thereby facilitate healing.
Moreover, the factors responsible for driving the growth of the medical bandages market are rise in surge in number of sport injuries in the country, increase in number of accident cases, and surge in the number of surgical procedures.
Furthermore, surge in healthcare expenditure has led to increase in adoption of medical products such as bandages, which fuel the growth of the market. Rise in awareness related to use of bandages for sport injuries is another major factor that fuels the growth of the market. However, low effectiveness of bandages in moist wound healing is the major restraining factor for the Saudi Arabia medical bandage market.
The total market value of Saudi Arabia medical bandages market is $136.88 million in 2018.
The forcast period for Saudi Arabia medical bandages market is 2019 to 2026
The market value of Saudi Arabia medical bandages market in 2019 is $144.22 million.
The base year is 2018 in Saudi Arabia medical bandages market
Top companies such as, Medline Industries, Inc., The 3M Company, Dynarex Corporation., Dukal Corporation, and Smith & Nephew plc. held a high market position in 2018. These key players held a high market postion owing to the strong geographical foothold in different regions.
Gauze bandage segment is the most influencing segment owing to surge in prevalence various chronic disorders coupled with surge in geriatric population.
The major factor that fuels the growth of the global Saudi Arabia medical bandages market includes rise in rise in number of sport injuries. This leads to surge in demand for Saudi Arabia medical bandages which contribute to the growth of the market.
Medical bandages are strip or piece of cloth which is made from different types of materials. For instance, cotton is mostly used to design medical bandages. Furthermore, there are different types of medical bandages available in the market such as cohesive bandages, elastic bandages, gauze bandages, and others
Medical bandage is used to bind a dressing to the wound. In addition, medical bandages are also employed for application of firm pressure to a soft tissue injury. Some areas of medicine where medical bandages are used include surgeries, sport injuries, ulcer wounds, and others.
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