The Saudi Arabia 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.
Medical bandages are defined as a strip or piece of cloth made using different materials such as cotton, and is used in management of a wound. Furthermore, a 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 elastic bandage. Moreover, medical bandages are also used to treat and protect traumatic & laceration wounds and burn wounds. Furthermore, there are different types of medical bandages available in the market such as cohesive bandages, gauze bandages, adhesive bandages, and elastic bandage. These bandages are employed to attain various benefits such as cohesive bandages stick to themselves to provide compression. In addition, these bandages can be removed easily without causing the pain of waxing hair. Similarly, gauze bandages are mainly used to isolate the wound after disinfection.
The major factor that contributes toward the growth of the medical bandages market include surge in number of sport injuries. Furthermore, other factors such as rise in number of surgical procedures and increase in healthcare expenditure fuel the growth of the market. Moreover, a 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 growth of the medical bandages market in Saudi Arabia.
In addition, a rise in the adoption of medical bandages due to surge in awareness related to the benefits associated with their use also contribute to the growth of the market. However, availability of advanced wound care products restricts the Saudi Arabia medical bandages market growth. In contradiction, better access to healthcare services in the country is expected to exhibit lucrative opportunities for the medical bandage market in future.
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 medical bandage market size is studied for hospitals, clinics, and ambulatory surgical centers.
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
Key Market Segments
By Product
By Application
By End User
List of key players profiled in the report
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
The major factor that contributes toward the growth of the medical bandages market include surge in number of sport injuries. Furthermore, other factors such as rise in number of surgical procedures and increase in healthcare expenditure fuel the growth of the market. Moreover, a 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 growth of the medical bandages market in Saudi Arabia.
In addition, a rise in the adoption of medical bandages due to surge in awareness related to the benefits associated with their use also contribute to the growth of the market. However, availability of advanced wound care products restricts the Saudi Arabia medical bandages market growth. In contradiction, better access to healthcare services in the country is expected to exhibit lucrative opportunities for the medical bandage market in future.
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 medical bandage market size is studied for hospitals, clinics, and ambulatory surgical centers.
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 medical bandages market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
- The 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
Key Market Segments
By Product
- Gauze bandage
- Adhesive Bandage
- Cohesive Bandages
- Elastic bandage
By Application
- Surgical wounds
- Traumatic & Laceration Wounds
- Burns
- Ulcers
- Sport Injuries
- Other Wounds
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
List of key players profiled in the report
- Cardinal Health.
- DeRoyal Industries, Inc.
- Dukal Corporation
- Dynarex Corporation.
- Medline Industries, Inc.
- Medtronic plc.
- NICHIBAN Co., Ltd.
- Smith & Nephew plc
- The National Medical Products Co., Ltd., (Damad)
- The 3M Company
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- Nitto Denko Corporation
- Beiersdorf
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Export Information
Chapter 5: Saudi Arabia Medical Bandage Market, by Product
Chapter 6: Saudi Arabia Medical Bandage Market, by Application
Chapter 7: Saudi Arabia Medical Bandage Market, by End-user
Chapter 8: Company Profiles
Executive Summary
According to the report titled, "Saudi Arabia Medical Bandages Market by Product Type, Application, and End User: Opportunity Analysis and Industry Forecast, 2019-2026," the Saudi Arabia medical bandages market was valued at $137 million in 2018, and is expected to reach $213 million by 2026, registering a CAGR of 5.7% from 2019 to 2026.Medical bandages are designed to protect and treat wounds. These bandages are 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. In addition, these bandages are used to protect and heal burn wounds, surgical wounds, ulcer wounds, trauma & laceration wounds, and others. Furthermore, medical bandages are also applied in the management and treatment of sport injuries such as ankle sprain, knee ligament injury, and others. Moreover, medical bandages such as cohesive bandages, are used to limit the bleeding and swelling associated with sport injuries. These medical bandages are available in the hospitals where trained medical professionals use them to treat patients with complicated cases of ulcer wounds, burn wounds, trauma wounds, and others. Furthermore, medical bandages are also used in clinics to treat sport injuries and other wound injuries.
The major factor that contributes toward the growth of the medical bandages market include surge in number of sport injuries. 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, rise in the adoption of medical bandages due to surge in awareness related to the benefits associated with their use also contribute to the growth of the market.
However, availability of advanced wound care products restricts the medical bandages market growth in Saudi Arabia. In contradiction, better access to healthcare services in the country is expected to exhibit lucrative opportunities for medical bandage market in the future.
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 medical bandage market size is studied for hospitals, clinics and ambulatory surgical centers.
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 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 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 attributed to rise in surgical procedures in the country in recent years, which has thereby increased the usage of medical bandages to cover the wounds.
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 the 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.
Key Findings Of The Study
By product, the gauze bandage segment occupied approximately more than half share of the Saudi Arabia medical bandages market in 2018.
By application, the surgical wounds segment occupied one-third share of the Saudi Arabia medical bandages market in 2018.
By application, the ulcers segment is anticipated to grow with the highest CAGR throughout the forecast period
By end user, the hospitals segment accounted for half share of the market in 2018.
By end user, the ambulatory surgical centers segment is anticipated to grow with the highest CAGR throughout the forecast period.
Companies Mentioned
- 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.
- Cardinal Health
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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