The Bandages Market is driven by several factors such as increasing incidence of injuries and wounds, growing awareness about the importance of wound care, and advancements in wound care products. Rising geriatric population and increasing prevalence of chronic diseases are also contributing to the growth of the market. Additionally, the demand for innovative and advanced wound care products is driving the development of new technologies and materials for bandages. However, factors such as high cost of advanced wound care products and lack of awareness about the availability of such products in developing countries may hinder the growth of the market. The market is highly competitive with the presence of several global and regional players offering a wide range of products catering to different segments of the market.
Prominent Companies in the Bandages Industry:
1. 3M
3M, a US-based company, was founded in 1902 and is headquartered in Saint Paul, Minnesota. It is a global conglomerate that provides a wide range of products, including bandages, for various industries, including healthcare. The company operates in more than 70 countries worldwide. In September 2022, 3M launched a new transparent silicone adhesive bandage designed for people with sensitive skin.
2. Medtronic
Medtronic, a global healthcare solutions company, was founded in 1949 and is headquartered in Dublin, Ireland. The company provides a broad range of medical devices, including wound care products such as bandages. It operates in more than 150 countries worldwide. In July 2021, Medtronic announced the acquisition of Intersect ENT, a company that develops products for ear, nose, and throat procedures, including sinus implants and drug delivery systems.
3. Derma Sciences Inc.
Derma Sciences Inc., a US-based company, was founded in 1984 and is headquartered in Princeton, New Jersey. The company develops and markets advanced wound care products, including bandages. Derma Sciences was acquired by Integra LifeSciences Holdings Corporation in 2017. Integra LifeSciences is a global medical technology company that provides products and solutions for wound care, surgical, and regenerative medicine.
4. Johnson & Johnson Consumer Inc.
Johnson & Johnson Consumer Inc., a subsidiary of Johnson & Johnson, was founded in 1886 and is headquartered in New Brunswick, New Jersey. It provides a broad range of consumer healthcare products, including bandages. Johnson & Johnson operates in more than 60 countries worldwide. In November 2021, the company announced the launch of its new line of durable fabric bandages called Band-Aid Brand Skin-Flex.
5. Medline Industries Inc.
Medline Industries Inc., a US-based company, was founded in 1910 and is headquartered in Northfield, Illinois. It is the largest privately held manufacturer and distributor of medical supplies, including bandages, in the world. Medline operates in more than 90 countries worldwide. In April 2022, the company announced the expansion of its surgical and wound care product portfolio with the acquisition of Bovie Medical Corporation.
6. B. Braun Melsungen AG
B. Braun Melsungen AG, a German medical and pharmaceutical company, was founded in 1839 and is headquartered in Melsungen, Germany. It provides medical devices and pharmaceutical products, including bandages. B. Braun operates in more than 60 countries worldwide. In September 2021, the company announced the launch of its new line of advanced wound care products, including a range of innovative bandages.
7. Smith & Nephew
Smith & Nephew, a UK-based medical technology company, was founded in 1856 and is headquartered in London, England. It provides products and solutions for orthopedics, wound management, and sports medicine, including bandages. Smith & Nephew operates in more than 100 countries worldwide. In November 2021, the company announced the acquisition of Extremity Medical LLC, a US-based company that develops and markets orthopedic products, including wound care products such as bandages.
8. Avcor Healthcare Products
Avcor Healthcare Products, a US-based company, was founded in 1978 and is headquartered in Hillsboro, Oregon. It provides a range of medical supplies, including bandages. Avcor operates in the United States and Canada. In March 2022, the company announced the launch of its new line of antimicrobial adhesive bandages called Adhesive Barrier Technology.
9. Lohmann & Rauscher
Lohmann & Rauscher, an Austrian medical technology company, was founded in 1998 and is headquartered in Vienna, Austria. It provides products and solutions for wound management, including bandages. Lohmann & Rauscher operates in more than 60 countries worldwide.
*Definition- Bandages are strips or pieces of material used to cover and protect wounds or injuries. They are often used in conjunction with other wound care products to promote healing and prevent infection.
