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Product Overview
Medical bandages are described as a strip or piece of cloth designed with the help of different materials such as cotton and are consumed in the treatment of a wound. Moreover, a bandage is used to bind a dressing to the wound. Additionally, medical bandages are also purchased for the application of firm pressure to a soft tissue injury. Some spaces of medicine where medical bandages are used involve surgeries, sports injuries, ulcer wounds, and elastic bandage. Furthermore, medical bandages are also consumed to treat and safeguard traumatic & laceration wounds and burn wounds. Also, there are various types of medical bandages existing in the market such as cohesive bandages, gauze bandages, adhesive bandages, and elastic bandages. These bandages are purchased to achieve several advantages such as cohesive bandages get attached to themselves to offer firmness. Additionally, these bandages can be detached easily without causing the pain of waxing hair. In the same way, gauze bandages are primarily consumed to isolate the wound after disinfection.
Market Highlights
Saudi Arabia's medical bandages market is expected to exceed USD 214 million by 2030 from USD 136 million in 2019 at a CAGR of 6.5% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of increasing emphasis on surgical care owing to the rising number of diseases and injuries.
The primary aspect that adds to the growth of the medical bandages market involves an increase in the number of sports injuries. Also, other aspects such as growth in the number of surgical processes and the rise in healthcare spending boost the growth of the market. Furthermore, an increase in demand for medical bandages and growth in the number of accident cases adds to the growth of the market. Additionally, there has been a rapid rise in the aged population in Saudi Arabia, which results in the rise in the occurrence of long-lasting ailments such as prostate cancer, benign prostatic hyperplasia, atherosclerosis, and others. More to it, these long-lasting states need surgical processes for treatment, which in turn require the consumption of medical bandages. Therefore, a rise in the aged population is a primary aspect that boosts the growth of the medical bandages market in Saudi Arabia.
Saudi Arabia Medical Bandages Market Opportunity Analysis
Saudi Arabia Medical Bandages Market
Saudi Arabia Medical Bandages Market: Segments
The Gauze Bandage segment to grow with the fastest CAGR of xx% during 2020-2030
Saudi Arabia's medical bandages market is segmented by Product Type into Gauze Bandage, Adhesive Bandage, Cohesive Bandage, and Elastic Bandage. Among these, the gauze bandage segment is estimated to hold the largest market share of xx% in 2019. The rise of this segment is credited to its higher utilization in several surgical processes. Furthermore, gauze bandages offer several applications such as cleansing, packing, scrubbing, covering, and securing in a variety of wounds, which add to the growth of the segment. Other aspects comprise easy accessibility as the gauze bandages are cost-efficient in comparison with other types of bandages, which also upsurges the growth of gauze bandage segment.
By Product Type (in %), Saudi Arabia Medical Bandages Market, 2019
Saudi Arabia Medical Bandages Market
The Surgical Wounds segment to boost at fastest CAGR of xx% during 2020-2030
Saudi Arabia's medical bandages market is segmented by Application into Surgical Wounds, Traumatic & Laceration Wounds, Burns, Ulcer, Sports Injuries, and Other Wounds. Among these, the surgical wounds segment is witnessed to hold the largest market share of xx% in the year 2019. The rising occurrence of the diabetic foot, chronic heart disease, and lifestyle disorders are leading to an increase in surgical processes. Thus, the need for medical bandages is maximum for surgical wound treatment.
By Application (in %), Saudi Arabia Medical Bandages Market, 2019
Saudi Arabia Medical Bandages Market
The Hospitals segment to boost at fastest CAGR of xx% during 2020-2030
Saudi Arabia's medical bandages market is segmented by End-users into Hospitals, Clinics, and Ambulatory Surgical Centers. Among these, the hospital segment is witnessed to hold the largest market share of xx% in the year 2019. The rise in the segment is credited to the existence of a huge number of hospitals in the region. The other aspects that add to the growth of the segment involve a rise in healthcare spending, which increases the demand for medical bandages.
By End-users (in %), Saudi Arabia Medical Bandages Market, 2019
Saudi Arabia Medical Bandages Market
Saudi Arabia Medical Bandages Market: Market Dynamics
Driver
Increasing Emphasis on Surgical Care owing to the Rising Number of Diseases and Injuries
The increasing number of diseases and injuries across the region has raised the concentration towards surgical care. Medical bandages are broadly utilized in surgeries and are used as a shield covering for wound dressing or as assistance for devices. Besides, producers of bandages are also perceived emphasizing providing a complete dressing solution in a kit, together with antiseptic pads, antiseptic sponges, tapes, and bandages, which can be promptly used in dedicated surgical processes. Additionally, the increasing occurrence of post-surgical septicity has resulted in increased demand for effective, antiseptic, and usual dressing products. Therefore, such initiatives by producers to provide the increasing number of diseases and injuries across the region will portray an upward stance in the coming years.
Restraint
Raising Awareness about Advanced Wound Care
Increasing attentiveness about advanced Wound Care is projected to hamper the development of the medical bandages market. Advanced wound escalates the healing procedure for many long-lasting wounds by arranging for and elevating a humid environment. As basic/conventional wound care products take a huge amount of time to heal wounds and are less impactful for specific types of wounds, Advanced Wound Care products are being used as first-line therapy, wherever Infection Control and healing rate are primary matters. Taking into account their usefulness, together with the restrictions of basic/conventional wound dressings, advanced and vigorous wound care products are portrayed as a subtle limitation for the market.
Saudi Arabia Medical Bandages Market: Key Players
The National Medical Products Co. Ltd.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Cardinal Health
Dukal Corporation
Medtronic P.l.c.
Dynarex Corporation
The 3M Company
Medline Industries Inc.
Smith & Nephew P.l.c.
DeRoyal Industries Inc.
NICHIBAN Co. Ltd.
The market report on Saudi Arabia medical bandages also contains the following in-depth analysis:
Medical Bandages Market Segments:
By Product Type
Gauze Bandage
Adhesive Bandage
Cohesive Bandage
Elastic Bandage
By Application
Surgical Wounds
Traumatic & Laceration Wounds
Burns
Ulcer
Sports Injuries
Other Wounds
By End-users
Hospitals
Clinics
Ambulatory Surgical Centers
Medical Bandages Market Dynamics
Medical Bandages Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints