Market Overview:
The global elastic bandage market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elastic bandages in hospitals and clinics across the globe. Additionally, the growing awareness about the benefits of using elastic bandages is also contributing to the growth of this market. The global elastic bandage market can be segmented on the basis of type, application, and region. On the basis of type,the global elastictape market can be segmented into cotton, PBT (polybutylene terephthalate), spandex, and others. The cotton segment is expected to dominatethe global elastictapemarket owingto its high durability and flexibility properties. Geographically , North America is expected to hold major share in terms of revenue in 2018 followed by Europe , Asia Pacific , Latin America , and Middle East & Africa respectively .
Product Definition:
An elastic bandage is a type of bandage that is made from an elastic material, such as cloth, rubber, or latex. Elastic bandages are used to support and compress injured tissue. They are also used to secure dressings and medical devices in place.
Cotton:
Cotton is a soft and fluffy staple fiber that is derived from the protective casing known as boll that surrounds the cotton seeds. Cotton can be segmented on the basis of variety, such as upland, semi-arid, and Sea Island cotton; however, they are all referred to as cotton.
PBT:
Polybutylene Terephthalate or PBT is a thermoplastic elastomer. It is produced by the polymerization of 1,4-Butanediol. It has high resistance to solvents, acids and bases and has excellent elasticity & strength for use in elastic bandages.
PBT products are used as an alternative to rubber materials in medical applications such as pressure garments (elastic bandages), orthopedic support bands, therapeutic slings.
Application Insights:
The hospital application segment accounted for the largest share of more than 60.0% in 2017. The growing number of hospitals and rising prevalence of chronic diseases are the major factors driving the market growth in this segment. Moreover, a rise in travelers is expected to contribute toward revenue growth globally over the forecast period owing to an increase in sports injuries across various regions including North America, Europe, Asia Pacific and Middle East & Africa. According to WHO, every year around 250 million people suffer from sports injuries worldwide which contributes toward revenue generation globally as elastic bandages are widely used for treating these types of injuries at affordable prices without any additional costs incurred by patients visiting clinics or hospitals.
Elastic bandage is one among many treatment options available for preventing sprains and strains that occur during physical activities as well as daily life activities such as gardening, lifting children up etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of developed healthcare infrastructure and high adoption rate of advanced products. Moreover, increasing road accidents and rising sports injuries are also expected to drive regional growth over the forecast period. The U.S.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to growing medical tourism industry supported by improving healthcare delivery system coupled with low cost treatment options offered by countries such as India and China.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily owing to the increasing preference for minimally invasive procedures over traditional open surgery procedures, due to their shorter recovery time and lesser surgical trauma. Elastic bandages are extensively used in minimally invasive surgeries as they provide compression and support to the surgical site, which helps in reducing swelling and promoting healing.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as obesity, diabetes, and heart disease is on the rise, leading to an increase in the demand for elastic bandages worldwide. These bandages are used extensively in the treatment of these conditions as they help reduce inflammation and pain, promote healing, and improve mobility.
- Growing awareness about benefits of elastic bandages: There has been a growing awareness among consumers about the benefits of using elastic bandages for various medical applications such as wound care, post-operative care, sports injuries etc., which is driving their demand globally. Additionally, manufacturers are also focusing on marketing these products through various channels such as television commercials & print ads which is further aiding in boosting their sales growth rate globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastic Bandage Market Research Report
By Type
Cotton, PBT, Spandex, Others
By Application
Hospital, Clinic
By Companies
3M, CardinalHealth, Avcor Health Care, Tetra Medical Supply Corp, Paul Hartmann, Medtronic, Kerma Medical Products, DeRoyal Industries, BSN Medical Inc, Patterson Medical, DJO Global, Alimed, Andover Healthcare, Anji FangYuan Sanitary Material, Anji Jixiang, Zhejiang Dongyang Dongsheng Medical Dressing, Anji Chaoqiang Bandage Weaving Factory, Hubei Joy Bone Medical Products, GSPmed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Elastic Bandage Market Report Segments:
The global Elastic Bandage market is segmented on the basis of:
Types
Cotton, PBT, Spandex, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- CardinalHealth
- Avcor Health Care
- Tetra Medical Supply Corp
- Paul Hartmann
- Medtronic
- Kerma Medical Products
- DeRoyal Industries
- BSN Medical Inc
- Patterson Medical
- DJO Global
- Alimed
- Andover Healthcare
- Anji FangYuan Sanitary Material
- Anji Jixiang
- Zhejiang Dongyang Dongsheng Medical Dressing
- Anji Chaoqiang Bandage Weaving Factory
- Hubei Joy Bone Medical Products
- GSPmed
Highlights of The Elastic Bandage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cotton
- PBT
- Spandex
- Others
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastic Bandage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An elastic bandage is a type of bandage that is made from an elastic material. The elastic bandage can be used to wrap around the injured area to help support and protect it.
Some of the major companies in the elastic bandage market are 3M, CardinalHealth, Avcor Health Care, Tetra Medical Supply Corp, Paul Hartmann, Medtronic, Kerma Medical Products, DeRoyal Industries, BSN Medical Inc, Patterson Medical, DJO Global, Alimed, Andover Healthcare, Anji FangYuan Sanitary Material, Anji Jixiang, Zhejiang Dongyang Dongsheng Medical Dressing, Anji Chaoqiang Bandage Weaving Factory, Hubei Joy Bone Medical Products, GSPmed.
The elastic bandage market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elastic Bandage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Elastic Bandage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Elastic Bandage Market - Supply Chain
4.5. Global Elastic Bandage Market Forecast
4.5.1. Elastic Bandage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elastic Bandage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elastic Bandage Market Absolute $ Opportunity
5. Global Elastic Bandage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Elastic Bandage Market Size and Volume Forecast by Type
5.3.1. Cotton
5.3.2. PBT
5.3.3. Spandex
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elastic Bandage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Elastic Bandage Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elastic Bandage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Elastic Bandage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Elastic Bandage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Elastic Bandage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Elastic Bandage Demand Share Forecast, 2019-2026
9. North America Elastic Bandage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Elastic Bandage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Elastic Bandage Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elastic Bandage Market Size and Volume Forecast by Type
9.7.1. Cotton
9.7.2. PBT
9.7.3. Spandex
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Elastic Bandage Demand Share Forecast, 2019-2026
10. Latin America Elastic Bandage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Elastic Bandage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Elastic Bandage Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elastic Bandage Market Size and Volume Forecast by Type
10.7.1. Cotton
10.7.2. PBT
10.7.3. Spandex
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Elastic Bandage Demand Share Forecast, 2019-2026
11. Europe Elastic Bandage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Elastic Bandage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Elastic Bandage Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elastic Bandage Market Size and Volume Forecast by Type
11.7.1. Cotton
11.7.2. PBT
11.7.3. Spandex
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Elastic Bandage Demand Share, 2019-2026
12. Asia Pacific Elastic Bandage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Elastic Bandage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Elastic Bandage Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elastic Bandage Market Size and Volume Forecast by Type
12.7.1. Cotton
12.7.2. PBT
12.7.3. Spandex
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Elastic Bandage Demand Share, 2019-2026
13. Middle East & Africa Elastic Bandage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Elastic Bandage Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Elastic Bandage Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elastic Bandage Market Size and Volume Forecast by Type
13.7.1. Cotton
13.7.2. PBT
13.7.3. Spandex
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Elastic Bandage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elastic Bandage Market: Market Share Analysis
14.2. Elastic Bandage Distributors and Customers
14.3. Elastic Bandage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CardinalHealth
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Avcor Health Care
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tetra Medical Supply Corp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Paul Hartmann
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medtronic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kerma Medical Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DeRoyal Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BSN Medical Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Patterson Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DJO Global
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Alimed
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Andover Healthcare
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Anji FangYuan Sanitary Material
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Anji Jixiang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhejiang Dongyang Dongsheng Medical Dressing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Anji Chaoqiang Bandage Weaving Factory
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hubei Joy Bone Medical Products
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. GSPmed
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
