BANDAGES MARKET ANALYSIS

Regional Analysis

Bandages Market- Regional Dynamics

Regional segmentation of the global bandages market includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global bandages market over the forecast period, owing to a rising number of orthopedic procedures being carried out in the U.S. In 2018, the global bandages market was dominated by North America due to increasing incidence of chronic wounds, reimbursement policies, and increasing geriatric population.

Moreover, key players in the global bandages market are engaged in business strategies such as partnerships and product development such as new wound dressing for treatment of chronic and non-chronic wounds ranging from diabetic foot and pressure ulcers, venous leg ulcers, to trauma wounds and surgical wounds. For instance, on December 2017, Navamedic ASA announced that it has entered into an agreement with Chemviron Carbon Ltd. for the launch and commercialization of Zorflex, a 100% activated carbon wound contact dressing which helps to accelerate the treatment of chronic and non-chronic wounds.

Asia Pacific is projected to be the fastest growing market over the forecast period due to the presence of key players and healthcare organizations in the region, as well as the rise in geriatric and diabetes prone population.