Adhesive Bandages Market Share

APAC Market Statistics

Further, the Asia Pacific region is estimated to have the second-largest market share during the forecast period. The large population count and increasing geriatric population are anticipated to drive market growth. As per the reports, elderly people with age 65 and above were estimated to be over 400 million in 2020 and the population of Asia accounts for one-half of the worldwide population.

North American Market Forecast

The North American adhesive bandages market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the growing prevalence of sports and accidental injuries, the rising number of fall injuries, and the rising geriatric population in the region. For instance, in the United States, the ratio of geriatric population has reached nearly 53 million in 2021. People are playing sports in a huge ratio as it is considered as a physical activity included with fun. Parents love to involve in any kind of sports to have a good interaction with their children. Sports are a type of recreational activity to be away from mental stress. Play activity is included in every playschool child’s schedule. Playground injuries are thus very common in kids aged 3 and above. Sports injuries in competitions, annual sporting, and on grounds are estimated to boost the use of adhesive bandages across the region. Most athletes get injured accidentally while playing sports.