Product Code: ETC084163 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Adhesive Bandages Market registered a growth of 30.89% in value shipments in 2022 as compared to 2021 and an increase of 4% CAGR in 2022 over a period of 2017. In Adhesive Bandages Market India is becoming less competitive as HHI index in 2022 was 1247 while in 2017 it was 1221. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Adhesive Bandages Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Adhesive Bandages Market in 2022 was 0.6 while in 2017 it was 0.61. USA, Singapore, China, Norway and Rep. of Korea were among the top players of the market in 2022, where USA acquired the largest market share of 25.82% with a shipment value of 12.27 million USD in 2022 USA also offered the product below the average market price thus having a competitive advantage over others In 2017 USA had the largest market share of 24.74% with the shipment value of 7.1 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USAprice is lower than the average price, it provided a significant edge among other competitor in 2017.
Indiaadhesive bandages market is expected to witness a healthy CAGR of 6.17% during the forecast period. ,owing to the increasing prevalence of sports injuries and growing awareness among consumers about their health. Additionally, rise in demand for self-care products will further boost its growth in the coming years.
Increasing adoption of an active lifestyle has resulted in more cases of sports injuries as well as first aid treatments such as cuts and minor wounds. This has led to higher demand for adhesive bandages that provide quick relief from pain and inflammation due to trauma or injury. Additionally, rising healthcare expenditure with rising disposable income is resulting in improved access to better quality medical supplies including adhesive bandage products which are driving the market growth further.
The major challenge faced by players operating in this industry is lack of standardization which increases manufacturing costs significantly as it requires additional resources like time and money for certification processes as per government regulations before they can be sold commercially. Moreover, availability of counterfeit/local brands at cheaper prices also restricts market growth since consumers opt for lower-priced alternatives instead spending more on branded products which contain superior quality materials and offer better protection against infections & diseases caused due to skin contact with bacteria or viruses present on surfaces outside body parts like floor etc.
Some key players operating in India Adhesive Bandages Market include 3M Healthcare Limited (India), Johnson & Johnson Ltd., B Braun Melsungen AG, Abbott Laboratories Pvt Ltd., Smith & Nephew Medical Devices Inc., Medline Industries Inc., Derma Sciences Inc., Covidien plc (Medtronic plc), Covalon Technologies Ltd., Paul Hartmann AG among others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Adhesive Bandages Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Adhesive Bandages Market Revenues & Volume, 2020 & 2027F |
3.3 India Adhesive Bandages Market - Industry Life Cycle |
3.4 India Adhesive Bandages Market - Porter's Five Forces |
3.5 India Adhesive Bandages Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.6 India Adhesive Bandages Market Revenues & Volume Share, By Applications, 2020 & 2027F |
3.7 India Adhesive Bandages Market Revenues & Volume Share, By End-Users, 2020 & 2027F |
4 India Adhesive Bandages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Adhesive Bandages Market Trends |
6 India Adhesive Bandages Market, By Types |
6.1 India Adhesive Bandages Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Adhesive Bandages Market Revenues & Volume, By Product Type, 2018 - 2027F |
6.1.3 India Adhesive Bandages Market Revenues & Volume, By Medicated Bandages, 2018 - 2027F |
6.1.4 India Adhesive Bandages Market Revenues & Volume, By Non-medicated Bandages, 2018 - 2027F |
6.2 India Adhesive Bandages Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Adhesive Bandages Market Revenues & Volume, By Wound Management, 2018 - 2027F |
6.2.3 India Adhesive Bandages Market Revenues & Volume, By Orthopedic Support, 2018 - 2027F |
6.2.4 India Adhesive Bandages Market Revenues & Volume, By Pain Management, 2018 - 2027F |
6.2.5 India Adhesive Bandages Market Revenues & Volume, By Sports and Athletic Wraps, 2018 - 2027F |
6.2.6 India Adhesive Bandages Market Revenues & Volume, By Other Applications, 2018 - 2027F |
6.3 India Adhesive Bandages Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 India Adhesive Bandages Market Revenues & Volume, By Hospitals/Clinics, 2018 - 2027F |
6.3.3 India Adhesive Bandages Market Revenues & Volume, By Ambulatory Centers, 2018 - 2027F |
6.3.4 India Adhesive Bandages Market Revenues & Volume, By Other End Users, 2018 - 2027F |
7 India Adhesive Bandages Market Import-Export Trade Statistics |
7.1 India Adhesive Bandages Market Export to Major Countries |
7.2 India Adhesive Bandages Market Imports from Major Countries |
8 India Adhesive Bandages Market Key Performance Indicators |
9 India Adhesive Bandages Market - Opportunity Assessment |
9.1 India Adhesive Bandages Market Opportunity Assessment, By Product Type, 2020 & 2027F |
9.2 India Adhesive Bandages Market Opportunity Assessment, By Applications, 2020 & 2027F |
9.3 India Adhesive Bandages Market Opportunity Assessment, By End-Users, 2020 & 2027F |
10 India Adhesive Bandages Market - Competitive Landscape |
10.1 India Adhesive Bandages Market Revenue Share, By Companies, 2020 |
10.2 India Adhesive Bandages Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |