Zinc Oxide Compression Bandages Market: High Prevalence of Venous Leg Ulcers to Drive the Market
Zinc Oxide Compression Bandages Market: Introduction
Zinc oxide compression bandages are long stretchable fabric that can be wrapped around a sprain or strain. They are also known as a tensor bandage, or elastic bandage, and are usually made of cotton that has been soaked or saturated with a zinc oxide paste. Zinc oxide compression bandages are utilized to maintain a moist healing environment and reduce irritation. They are also employed to treat leg ulcers, edema, and Lymphedema.
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Key Drivers, Restrains, and Opportunities of Global Zinc Oxide Compression Bandages Market
High prevalence of venous leg ulcers, injuries caused due to accidents, sports & adventure, aging population, and better efficacy & wound healing are key factors that are projected to propel the global zinc oxide compression bandages market. Unfavorable reimbursement policies and highly fragmented nature of the market are expected to hamper the market.
The whole world is presently struggling with the COVID-19 pandemic. This infection leads to pneumonia, severe and acute respiratory disorders, multiple organ failure, and in severe cases death. The geriatric population is more prone to COVID-19. COVID-19 patients secrete significantly high interleukin-6 (IL-6).
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According to the World Health Organization, globally, as of 3:32pm CEST, 15 April 2021, there are 137,866,311 confirmed cases of COVID-19, including 2,965,707 deaths, as reported to the WHO. As of 14 April 2021, a total of 734,121,870 vaccine doses have been administered. The market is being hampered marginally due to the pandemic situation all over the world.
Governments of developing countries are making significant investments to modernize healthcare infrastructure in their respective countries, which is likely to increase access to healthcare. This is expected to increase the demand for zinc oxide compression bandages. From more than 3,000 years, topical zinc has been used in the treatment of wounds and is reported to possess wound healing, antimicrobial, anti-inflammatory, astringent, and antiseptic properties.
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North America to Capture Major Share of Global Zinc Oxide Compression Bandages Market
North America is expected to account for a major share of the global zinc oxide compression bandages market due to the efficacy of this treatment modality as either a bandage or skin protectant in the treatment of venous ulcers. Moreover, well-established healthcare infrastructure and hub for key industry players are major drivers of the zinc oxide compression bandages market in the region.
The zinc oxide compression bandages market in Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure. Moreover, increase in research & development in Asia Pacific is likely propel the market in the region.
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Key Players Operating in Global Zinc Oxide Compression Bandages Market
The global zinc oxide compression bandages market is highly concentrated due to the presence of key players. A huge number of manufacturers hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global zinc oxide compression bandages market.
Major players operating in the global zinc oxide compression bandages market are listed below:
- Smith & Nephew
- Lohmann & Rauscher GmbH & Co KG
- HARTMANN, Medline Industries, Inc.
- Karl Otto Braun GmbH & Co. KG
- North Coast Medical, Inc.
- Holthaus Medical GmbH & Co. KG
- Urgo Medical
- BSN medical
- 3M Health Care
- Other prominent players
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