Medical Bandage Market in Egypt Like to Reach $19.12 Million by 2026
The growth of the Egyptian medical bandage market is attributed to the surge in adoption of medical bandages to cover wounds. In addition, a significant rise in road accidents and an increase in surgical procedures boost the Egypt medical bandage market growth
According to a new report published by Allied Market Research, titled, “Medical Bandage Market by Product, Application, and End User: Egypt Opportunity Analysis and Industry Forecast, 2019–2026,”the Egypt medical bandage market size is expected to reach $19.12 million by 2026, registering a CAGR of 3.6% from 2019 to 2026, in terms of value.
Medical bandages are primarily used to maintain moisture at the site of dressing, promote wound healing, and provide mechanical & bacterial protection to the wound. These bandages are widely used by people to cover and protect their wounds from any sort of contamination. Medical bandages are of various types such as gauze bandage, adhesive bandage, cohesive, and elastic bandage. The medical bandages are widely used in various dressings including protecting wounds; promoting healing; and providing, retaining, or removing moisture. The bandage sare available as a strip or a roll and are made up of various materials such as gauze, muslin, flannel, elastic webbing, and crinoline.
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Healthcare sector in Egypt is witnessing a significant growth owing to increase in demand for treatments. This is attributed to surge in number of road accidents in Egypt and rise in government focus toward providing better healthcare devices to the Egyptian population. Further, increase in number of hospitals and clinics in Egypt contributes to the market growth. In addition, rise in disposable income, surge in healthcare expenditure is anticipated to boost the growth of the medical bandage market in Egypt. However, lack of knowledge among Egyptian population regarding wound care is a major factor contributing to the Egypt medical bandage market growth. Conversely, government initiatives toward improving healthcare infrastructure and providing better healthcare facilities and medical supplies to the people of Egypt are expected to create lucrative opportunities for various manufacturers dealing in the medical bandages market.
The market is segmented based on product, 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.
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.
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.
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Key Findings Of The Study
• By product, thegauze bandage segment accounted for the highest market share in 2018and is anticipated to grow at the fastest rate during the forecast period.
• By application, the surgical wounds segment was the major shareholder in Egypt medical bandage market and accounted for the highest market share in 2018.
• By end user, the hospital segment dominated the Egypt medical bandages market in 2018 and is anticipated to maintain its dominance during the forecast period.
Comprehensive competitive analysis and profiles of the major Egypt medical bandage market 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.
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