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Saudi Arabia Medical Bandages Market Expected to Reach $213 Million by 2026—Allied Market Research

 

Report Code : A06125

quote 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.” quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, "Saudi Arabia Medical Bandages Market by Product Type, Application, and End User: Opportunity Analysis and Industry Forecast, 2019–2026," the Saudi Arabia medical bandages market was valued at $137 million in 2018, and is expected to reach $213 million by 2026, registering a CAGR of 5.7% from 2019 to 2026. 

Medical bandages are designed to protect and treat wounds. These bandages are made from different types of materials. For instance, cotton is mostly used to design medical bandages. Furthermore, there are different types of medical bandages available in the market such as cohesive bandages, elastic bandages, gauze bandages, and others. In addition, these bandages are used to protect and heal burn wounds, surgical wounds, ulcer wounds, trauma & laceration wounds, and others. Furthermore, medical bandages are also applied in the management and treatment of sport injuries such as ankle sprain, knee ligament injury, and others. Moreover, medical bandages such as cohesive bandages, are used to limit the bleeding and swelling associated with sport injuries. These medical bandages are available in the hospitals where trained medical professionals use them to treat patients with complicated cases of ulcer wounds, burn wounds, trauma wounds, and others. Furthermore, medical bandages are also used in clinics to treat sport injuries and other wound injuries. 

The major factor that contributes toward the growth of the medical bandages market include surge in number of sport injuries. Furthermore, other factors such as rise in number of surgical procedures and increase in healthcare expenditure fuel the growth of the market. Moreover, rise in demand for medical bandages and surge in the number of accident cases contributes toward the growth of the market. In addition, rise in the adoption of medical bandages due to surge in awareness related to the benefits associated with their use also contribute to the growth of the market. 

However, availability of advanced wound care products restricts the medical bandages market growth in Saudi Arabia. In contradiction, better access to healthcare services in the country is expected to exhibit lucrative opportunities for medical bandage market in the future. 

The medical bandages market is segmented on the basis of product, application, and end user to provide a detailed assessment of the market. By product, the market is divided into gauze bandage, adhesive bandage, cohesive bandages and elastic bandage. By application, it is classified into surgical wounds, traumatic & laceration wounds, burns, ulcers, sport injuries and other wounds. By end user, the medical bandage market size is studied for hospitals, clinics and ambulatory surgical centers. 
On the basis of product, the market is divided into gauze bandage, adhesive bandage, cohesive bandages, and elastic bandage. The gauze bandage segment acquired the major share of the medical bandages

market and is expected to exhibit the fastest growth rate during the forecast period. The growth of this segment is attributed to its greater usage in various surgical procedures. In addition, gauze bandages serve various applications such as cleansing, packing, scrubbing, covering, and securing in a variety of wounds, which contribute to the growth of this segment. The other factor includes easy affordability as the gauze bandages are cheap as compared to other types of bandages, which also boost the growth of the gauze bandage market. 

By application, the market is segmented into surgical wounds, traumatic & laceration wounds, burns, ulcers, sport injuries and other wounds. The surgical wound segment dominated the Saudi Arabia medical bandages market in 2018 and is anticipated to maintain its dominance during the forecast period. 
This is attributed to rise in surgical procedures in the country in recent years, which has thereby increased the usage of medical bandages to cover the wounds.

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 presence of large number of hospitals in the country. The other factors that contribute to the growth of the segment include the 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.

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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quote Saudi Arabia Medical Bandages Market by Product (Gauze Bandage, Adhesive Bandage, Cohesive Bandage, and Elastic Bandage),Application (Surgical Wounds, Traumatic &Laceration Wounds, Burns, Ulcer, Sports Injuries, and Other Wounds), and End User (Hospitals, Clinics, and Ambulatory Surgical Centers): Opportunity Analysis and Industry Forecast, 2019–2026 quote

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