Market Overview:
The global smart bandage market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic skin wounds, technological advancements in smart bandages, and rising demand for minimally invasive procedures. The global smart bandage market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into graphene-based smart bandages and synthetic fiber-based smart bandages. Graphene-based Smart Bandages are expected to grow at a higher CAGR during the forecast period as compared to synthetic fiber-based Smart Bandages due to their superior properties such as high electrical conductivity and thermal conductivity. On the basis of application,the market is divided into chronic skin wounds from burns, chronic skin wounds from diabetes mellitus (DM),and other chronic skin wounds.
Product Definition:
A bandage that is able to track the healing progress of a wound and relay that information to a doctor or nurse.
Graphene:
Graphene is a form of carbon with an unique structure, it has single layer of carbon atoms in plane and its properties are same as graphite. Graphene can be produced by chemical synthesis or bioprocessing. It is 2-dimensional material with superior electrical and thermal conductivity which makes it very useful for the production of electronic devices such as transistors, LEDs, sensors etc.
The global graphene market size was valued at USD 957 million in 2015.
Synthetic Fiber:
Synthetic fibers are man-made materials that have a high degree of polymerization. They are made from chemical compounds and their production requires the use of synthetic chemicals. The most common types of synthetic fibers include polyester, nylon, rayon, and spandex among others. These products have high demand in various application industries including textiles and apparel as well as medical industry for manufacturing bandages and other medical accessories such as stockings & socks among others.
Application Insights:
The chronic skin wounds from burns segment dominated the global smart bandage market in terms of revenue share in 2017. The growth can be attributed to the increasing incidence of burn injuries and rising awareness about timely treatment. For instance, as per the CDC, around 2.5 million people suffer from burn injury every year in U.S., which is expected to increase by 50% over the next five years due to rise in fire accidents and other incidents at home or at work place. This will boost product demand during this period of time due to high patient admissions for second-degree burns across hospitals and healthcare facilities worldwide.
The chronic skin wounds from diabetes segment is anticipated to witness significant growth over the forecast period owing to an increase in cases relatedto diabetic foot ulcers among othersmaldigestive system disorders (OSDs).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. In addition, increasing sports injuries and road accidents are also expected to drive regional growth over the forecast period. The Asia Pacific is expected to witness lucrative growth over the forecast period due to rising medical tourism in emerging economies such as India and China. Moreover, an increase in chronic wounds from diabetes is also anticipated to boost demand for smart bandages across this region.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily due to the increasing number of geriatric population, rising prevalence of chronic diseases, and technological advancements in surgical procedures. Smart bandages can be used in minimally invasive surgeries as they are less traumatic and cause less pain and bleeding than traditional sutures.
- Growing demand for advanced wound care products: The global market for advanced wound care products is expected to grow at a CAGR of 7% from 2016 to 2021. This is primarily due to the increasing incidence of chronic wounds, growing awareness about advanced wound care products, and technological advancements in wound care therapies. Smart bandages can be used as an effective treatment modality for various types of wounds such as ulcers, burns, and skin grafts owing to their ability to provide accurate real-time data on the healing process.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Bandage Market Research Report
By Type
Graphene, Synthetic Fiber
By Application
Chronic Skin Wounds from Burns, Chronic Skin Wounds from Diabetes, Chronic Skin Wounds from Other
By Companies
Grapheal, Tufts University, Uconn, CSIRO
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Smart Bandage Market Report Segments:
The global Smart Bandage market is segmented on the basis of:
Types
Graphene, Synthetic Fiber
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
Chronic Skin Wounds from Burns, Chronic Skin Wounds from Diabetes, Chronic Skin Wounds from Other
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:
- Grapheal
- Tufts University
- Uconn
- CSIRO
Highlights of The Smart 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:
- Graphene
- Synthetic Fiber
- By Application:
- Chronic Skin Wounds from Burns
- Chronic Skin Wounds from Diabetes
- Chronic Skin Wounds from Other
- 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 Smart 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Smart Bandage is a wearable device that monitors and records data from the body's vital signs. The bandage can then send this information to a smartphone app, which can help patients track their health over time.
Some of the major players in the smart bandage market are Grapheal, Tufts University, Uconn, CSIRO.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Bandage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Bandage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Bandage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Bandage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Bandage Market Size & Forecast, 2020-2028
4.5.1 Smart Bandage Market Size and Y-o-Y Growth
4.5.2 Smart Bandage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Graphene
5.2.2 Synthetic Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chronic Skin Wounds from Burns
6.2.2 Chronic Skin Wounds from Diabetes
6.2.3 Chronic Skin Wounds from Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Bandage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Bandage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Graphene
9.6.2 Synthetic Fiber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chronic Skin Wounds from Burns
9.10.2 Chronic Skin Wounds from Diabetes
9.10.3 Chronic Skin Wounds from Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Graphene
10.6.2 Synthetic Fiber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chronic Skin Wounds from Burns
10.10.2 Chronic Skin Wounds from Diabetes
10.10.3 Chronic Skin Wounds from Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Graphene
11.6.2 Synthetic Fiber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chronic Skin Wounds from Burns
11.10.2 Chronic Skin Wounds from Diabetes
11.10.3 Chronic Skin Wounds from Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Graphene
12.6.2 Synthetic Fiber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chronic Skin Wounds from Burns
12.10.2 Chronic Skin Wounds from Diabetes
12.10.3 Chronic Skin Wounds from Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Graphene
13.6.2 Synthetic Fiber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chronic Skin Wounds from Burns
13.10.2 Chronic Skin Wounds from Diabetes
13.10.3 Chronic Skin Wounds from Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Bandage Market: Competitive Dashboard
14.2 Global Smart Bandage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Grapheal
14.3.2 Tufts University
14.3.3 Uconn
14.3.4 CSIRO
