Saudi Arabia Medical Bandages Market is expected to reach $213 million by 2026
Pune, Maharashtra, India, February 17 2021 (Wiredrelease) Allied Analytics –:Increase in number of sport injuries in the country, surge in geriatric population, and rise in number of accident cases in the country drive the growth of the Saudi Arabia medical bandages market. However, availability of advanced wound care products may hinder the market growth. On the other hand, better access to healthcare services and availability of improved healthcare infrastructure create new opportunities in the coming years.
According to the report published by Allied Market Research, the global, “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.” 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.
During the corona virus pandemic, the demand for medical bandages has been decreased; however, the manufacturing activity has not been affected.
Various surgeries have been postponed by hospitals to minimize gathering of people in husband and reduce probability of corona virus infection. Moreover, the number of accidents has been decreased during the lockdown in Saudi Arabia.
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Based on product, the gauze bandage segment contributed to the largest share in 2018, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the adhesive bandage segment is expected to register the highest CAGR of 6.7% from 2019 to 2026.
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.
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.
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.
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Leading market players analyzed in the research 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.
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