Egypt Medical Bandage Market Overview:
The Egypt medical bandages market size was valued at $14.38 million in 2018 and is expected to reach $19.12 million by 2026, registering a CAGR of 3.6% from 2019 to 2026. A bandage is a piece of material that is used to dress as well as protect a wound from contamination. Medical bandages are widely used to keep dressings in place or to support a medical device such as dressing or a splint. These bandages are widely used by the people to cover wounds that are caused due to injuries or surgeries. These products find their applications in various dressings including protecting wounds; promoting healing; and providing, retaining, or removing moisture. In addition, medical bandages are an integral part of wound care. The medical bandage is available as a strip or a roll and are made up of various materials such as gauze, muslin, flannel, elastic webbing, and crinoline. Moreover, gauze bandages are mostly used to cover wounds and hold other dressings, whereas, elastic bandages are useful to provide pressure on wounds such as varicose veins, fractured ribs, and swollen joints.
Increase in usage of these bandages to support dressing and prevent bacterial contamination has propelled the market growth. The medical bandage market is experiencing growth due to the expansion and emergence of wound care management sector in Egypt. In addition, factors such as increase in geriatric population in Egypt, rise in healthcare expenditure, and surge in incidence of chronic infections contribute to the Egypt medical bandages market growth. Further, there has been a rapid rise in geriatric population in Egypt, which leads to surge in prevalence of chronic disorders such as cancer, diabetes, benign prostatic hyperplasia, among others. Furthermore, these chronic conditions require surgical procedures for treatment, which in turn require the use of medical bandages. Thus, surge in geriatric population is a major factor that fuels the growth of the medical bandages market in the country. In addition, significant prevalence of accidents & trauma cases and rise in number of surgeries fuel the market growth of Egypt
medical bandages. However, lack of awareness regarding medical safety and hygiene is a major factor hindering the market growth of bandages in Egypt. In addition, lack of patient education, and poor integration of care further limit the delivery of high-quality services, that restrains the market growth of medical bandages in this region. On the contrary, the healthcare sector in Egypt offers significant opportunities for the manufacturers of medical bandages in the long term, which is attributed to the government’s healthcare reform program. Moreover, Egypt Ministry of Health and Population (MoHP) has undertaken a plan of building 26 new hospitals and renovating & refurbishing existing medical facilities with up-to-date equipment, especially in the rural, underserved areas, which is anticipated to create lucrative opportunities in the near future.
Egypt Medical Bandages Market Segmentation
The Egypt medical bandages market is segmented based onproduct, application, and end-user. By product, it is divided into gauze bandage, adhesive bandage, cohesive and elastic bandage. On the basis of application, it is categorized into surgical wounds, traumatic and laceration wounds, burns, ulcers, sport injuries, and other wounds. By end user, it is classified into hospitals, clinics, and ambulatory surgical centers.
Product segment review
By product, the gauze bandage segment accounted for majority of the Egypt medical bandage market share in 2018 and is expected to exhibit a prominent growth rate in the near future, owing to the fact that it is the most used widely used bandage type after various surgical procedures. In addition, gauze bandages serve various applications such as cleansing, packing, scrubbing, covering, and securing in a variety of wounds. This woven material of absorbent cotton is available in several formats and fabric, including cotton or synthetic, non-impregnated, and impregnated with water, saline, or other substances. Gauze is often in the form of surgical swabs, sheets, rolls, pads, sponges, and ribbon.
Gauze bandage segment holds the dominant position in 2018 and would continue to maintain the lead over the forecast period.
Application segment review
By application, the surgical wound segment dominated the Egypt medical bandages market in 2018 and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in surgical procedures in the country within recent years and which has thereby increased the usage of medical bandages to cover the wound. Moreover, ulcer segment is anticipated to grow at the fastest growth rate during the forecast period owing to significantrise in diabetic patients in the country.
Ulcers segment is projected as one of the most lucrative segments.
By end user, the market is segmented into hospitals, clinics and ambulatory surgical centers. The hospitals segment occupied the largest share of the market in 2018 and is expected to maintain its dominance during the forecast period. The growth of this segment is attributed to increase in number of hospitals in the country. The other factors that contribute to the growth of the segment include surge in the healthcare expenditure, which leads to rise in demand for medical bandages. Furthermore, the ambulatory surgical centers segment is expected to exhibit the fastest growth rate during the forecast period. This is attributed to rise in the number of ambulatory surgical centers across the country and surge in the adoption of minimally invasive surgical procedures that are performed in ambulatory surgical centers.
Comprehensive competitive analysis and profiles of major Egypt medical bandagemarket players such as Afri Medical, Baxter International Inc., Gyproc, Intermedica, Johnson & Johnson, 3M, Medtronic Plc., Pharmaplast, and Tri M Medical are provided in this report.
Key Benefits For Stakeholders
The Egypt medical bandage market share and analysis is based on a comprehensive analysis of key developments in the Egypt medical bandage industry.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Egypt medical bandage market.
The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
The Egypt medical bandage market trends are studied from 2018 to 2026.
Information about key drivers, restrains, and opportunities and their impact analysis on the Egypt medical bandage market size is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Egypt medical bandage industry.
The quantitative analysis of the Egypt medical bandage market from 2019 to 2026 is provided to determine the market potential.
Egypt Medical Bandage Market Report Highlights
By End User
Key Market Players
MEDTRONIC PLC, PHARMAPLAST, EUROMED, INTERMEDICA, AFRI MEDICAL, BAXTER INTERNATIONAL INC., TRI M MEDICAL, 3M COMPANY, JOHNSON & JOHNSON
The Egypt medical bandages market is anticipated to grow at a steady pace. Healthcare sector in Egypt is improving owing to the huge requirement of advanced medical devices, bandages, and others. The medical bandages market is expected to flourish over the coming years in Egypt due to increase in surgical procedures and surge in number of hospitals, clinics and outpatient clinics. Increase in adoption of medical
products such as bandages in this region has been witnessed, in the recent years.
The Egypt medical bandages market is anticipated to witness a steady growth in the future, owing to rise in elderly population in Egypt and surge in number of road accidents. Further, increased focus of the leading medical bandage manufacturers such as Johnson & Johnson, Baxter International, and others, contributes to the market growth in near future. However, despite the government initiatives to improve the healthcare sector in Egypt, not a very fast growth rate has been observed in the healthcare sector.