According to a new report published by Allied Market Research titled, “The medical bandages market accounted for $136 million in 2018, and is expected to reach $213 million by 2026, registering a CAGR of 5.7% from 2019 to 2026.
Increase in number of sport injuries in the country, surge in geriatric population, and rise in number of accident cases in the country drive the growth of the Saudi Arabia medical bandages market. However, availability of advanced wound care products may hinder the market growth. On the other hand, better access to healthcare services and availability of improved healthcare infrastructure create new opportunities in the coming years.
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Leading market players analyzed in the research include The National Medical Products Co., Ltd., (Damad), Dukal Corporation, Dynarex Corporation., Medline Industries, Inc., DeRoyal Industries, Inc., NICHIBAN Co., Ltd., Smith & Nephew plc, The 3M Company, Medtronic plc., and Cardinal Health.
- During the corona virus pandemic, the demand for medical bandages has been decreased; however, the manufacturing activity has not been affected.
- Various surgeries have been postponed by hospitals to minimize gathering of people in husband and reduce probability of corona virus infection. Moreover, the number of accidents has been decreased during the lockdown in Saudi Arabia.
The demand for medical bandages is on the rise in Saudi Arabia, owing to surge in incidence of sports injuries. Furthermore, rise in number of surgical procedures across the globe is another factor that fuels the growth of the market.
Key Findings Of The Study:
By product, the gauze bandage segment occupied approximately more than half share of the Saudi Arabia medical bandages market in 2018.
By application, the surgical wounds segment occupied one-third share of the Saudi Arabia medical bandages market in 2018.
By application, the ulcers segment is anticipated to grow with the highest CAGR throughout the forecast period
By end user, the hospitals segment accounted for half share of the market in 2018.
By end user, the ambulatory surgical centers segment is anticipated to grow with the highest CAGR throughout the forecast period.
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FREQUENTLY ASKED QUESTIONS?
Q1. What was the size of the global Saudi Arabia Medical Bandages Market in 2021?Q2. How much will the global Saudi Arabia Medical Bandages Market be worth in the future?Q3. What would be forecast period in the market report?Q4. What are the segments of Saudi Arabia Medical Bandages Market?Q5. The global Saudi Arabia Medical Bandages Market is segmented on the basis of product type, connectivity, distribution channel, and region.
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