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Orthopedic Bandages Market: Introduction
Surgical dressings are an essential component of postoperative care of orthopedic surgery patients. Orthopedic bandage is a type of bandage used to protect the joints. These bandages are made of soft fiber and provide comfort to the patients while they are plastered. Exudates and sweat are absorbed by these plasters, which help to prevent skin maceration. North America dominated the global market in 2020, accounting for 45.4% share. The region is projected to gain market share during the forecast period. The market in North America is anticipated to be driven by rise in road accidents, increase in sports injuries, and presence of key players in the region.
Global Orthopedic Bandages Market: Key Trends
The global orthopedic bandages market having significant growth during forecasting period. The global market is driven by companies reorganizing their operations and recovering from the COVID-19 impact, which had resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities.
Rise in patient pool due to increase in the geriatric population contributes to the growth of the global orthopedic market. According to the Population Reference Bureau, the proportion of the global population over the age of 65 increased from 8% in 2015 to 9% in 2019. The global population aged 65 or older stood at 703 million in 2019. Surge in the geriatric population drives the demand for medical care and increases healthcare spending. In 2017, half of the Dutch healthcare budget was spent on people over the age of 65.
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Penetration of orthopedic treatments in emerging economies such as Asia Pacific and MEA is still low compared to North America and Europe. This is due to lack of awareness about advanced wound management and associated risk factors among the general and obese…
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