Global Elastic Bandages Market: Introduction
An elastic bandage can be defined as a
stretchable bandage that is utilized to generate localized pressure.
Elastic bandages are frequently used for the treatment of muscle sprains
and strains. These bandages cause reduction in the blood flow to a
particular body part by applying uniform and stable pressure that can
confine swelling at the site of injury. Elastic bandages are classified
under Class I type of medical devices. Class I devices are not intended
to help, support, or sustain life. Furthermore, their usage does not
present any high risk of patient injury.
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Global Elastic Bandages Market: Dynamics
Rise in Incidence Rate of Injuries in All Age Groups
Increase in number of recreational
activities such as adventure sports, and trekking results in multiple
cuts, abrasion, minor injuries, and wound formation on body parts. In
such instances, elastic bandages are needed. Moreover, number of road
accidents has increased globally. These accidents can or cannot be
fatal. Some of these non-fatal injuries need rapid application of
bandages in order to prevent further damage. According to Stanford
Children’s Health, more than 3.5 million children aged 14 years and
below get hurt annually while playing sports or taking part in
recreational activities in the U.S. As per a WHO report, every year
around 1.35 million people die globally due to road accidents and
between 20 and 50 million people suffer non-fatal injuries. Thus, these
factors are likely to result in an increased demand for elastic bandages
thereby, boosting the global elastic bandages market.
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Increase in Incidences of Domestic and Workplace Injuries
Increase in incidences of domestic as
well as workplace injuries are major reasons which needed to deal with
elastic bandages. Domestic activities such as cooking in kitchen, daily
work at home, fall, burns due to hot drinks/cooking, poisoning due to
household products are major source of injuries specially among women
and children. As per an article published in A Secure Life, every year,
more than 3.4 million children experience an unintentional household
injury in the U.S. Similarly, workplace injuries and accidents are major
concern today due to industrialization which cause severe non-fatal
injuries at workplaces. According to International Labor Organization
(ILO), around 2.3 million women and men around the globe succumb to
work-related accidents or diseases every year. Hence, the increase in
number of incidences of domestic and workplace injuries is likely to
expand the global elastic bandage market.
Global Elastic Bandages Market: Competition Landscape
Major players operating in the global
elastic bandages market include 3M, Cardinal Health, Avcor Health Care,
Tetra Medical Supply Corp, Paul Hartmann, Covidien, 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, and
GSPmed Unilene.
3M
3M is a diversified global manufacturer,
technology innovator, and marketer of a wide range of products and
services. The company operates through five business segments:
Industrial, Safety & Graphics, Health Care, Electronics &
Energy, and Consumer. The Consumer segment offers products such as
consumer tapes, repositionable notes, home air filtration, cleaning
products, consumer bandages, braces & supports, and retail
abrasives. The Consumer segment consists of sub-segments such as Home
Improvement, Stationery & Office, Home Care, and Consumer
Healthcare. Elastic bandages fall under the Consumer Healthcare
sub-segment.
BSN Medical (Essity Aktiebolag (publ))
Essity Aktiebolag (publ), a Sweden-based
company, acquired BSN Medical in April 2017. The acquisition enabled BSN
Medical to enhance its sales in more than 150 countries across the
globe. The company offers a broad product portfolio in the wound care,
personal care, consumer tissue, orthopedics, and vascular therapies
segments, with world-class branded products for health care providers
and patients. Essity Aktibolag (publ) operates through three business
segments: Personal Care, Consumer Tissue, and Professional Hygiene.
Adhesive bandages fall under the Personal Care segment, which consist of
incontinence products, baby care products, and medical solutions.
Elastic bandages are covered by the company’s medical solutions sub
segment.
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Cardinal Health
Cardinal Health is a global integrated
health care services and products company. It provides customized
solutions for hospitals, health systems, pharmacies, ambulatory surgery
centers, clinical laboratories, and physician offices across the world.
The company provides clinically proven medical products,
pharmaceuticals, and cost-effective solutions that enhance supply chain
efficiency from hospital to home. The company operates through two
reporting business segments: Medical and Pharmaceutical Products. Its
advanced wound care products include dressings, hydrocolloids, hydrogel,
and foam, along with other traditional wound healing products.
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