Zinc Paste Bandage Market – Insights
Zinc Paste Bandage is an open woven bandage that is infused with zinc oxide, which is commonly used for treatment of venous leg ulcers and varicose eczema. This medicated bandage contains zinc oxide and glycerol, provides a moist wound healing environment, helps to reduce skin irritation, and soothes and protect surrounding skin. Econo-Paste is zinc paste bandage of Hartmann is used for the management of leg ulcers. Increasing the prevalence leg ulcers which drive the zinc paste bandage market growth during the forecast period.
The Zinc Paste Bandage Market was valued at US$ 1,712.0 million in 2018, and is expected to witness a CAGR of 4.7% over the forecast period (2019 – 2026).
Zinc Paste Bandage Market Share (%) Analysis, By Type, 2018
Source: Coherent Market Insights Analysis (2019)
Increasing prevalence of venous leg ulcers and venous eczema is expected to drive growth of the zinc paste bandage market
Increasing prevalence of venous leg ulcers is expected to drive the zinc paste bandage market growth during the forecast period. For instance, according to National Institute for Biotechnology Information, 2016, leg ulcers usually occur secondary to venous reflux or obstruction, but 20% of people with leg ulcers have arterial disease, with or without venous disorders. Between 1.5 and 3.0 in 1000 people have active leg ulcers and, its prevalence increases with age to about 20 in 1000 people over 80 years of age in the U.S.
According to DermNet New Zealand, 2016 report, venous eczema is a common form of venous/dermatitis that affects one or both lower legs in association with venous inefficiency. Venous eczema is commonly seen in middle-aged and elderly patients, and it reported that it affects 20% of people over 70 years of age.
Zinc Paste Bandage Market – Restraints
Growth of the zinc paste bandage market is expected to be hampered over the forecast period, owing to increasing FDA recalls. For instance in August 2018, (USFDA) food and drug administration recalled the Boot Compression Wrap under Class 2 Device Recall developed by Medline Industries Inc., due to sporadic reports of discoloration of the products, which leads to identification of common mold in the boot compression
Zinc Paste Bandage Market - Regional Insights
On the basis of region, the zinc paste bandage market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the zinc paste bandage during the forecast period owing to presence of key industry players in the region (including Hartmann USA., Smith & Nephew). Moreover, key players in the North America market are focused on development and product launches in order to expand their market position. For instance, Hartmann USA launched the Econo-Paste zinc oxide paste bandage for wound site healing, and it helps ease skin irritation and maintains moist healing.
Europe is expected to foresee rapid growth in the zinc paste bandage market during the forecast period, owing to increasing prevalence of sports related injuries. For instance, according to European Injury Data Base (IDB) 2016, annually about 4.5 million people aged 15 years and older in the EU are treated for sport injury.
Zinc Paste Bandage Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2026
Source: Coherent Market Insights Analysis (2019)
Zinc Paste Bandage Market - Competitive Landscape
Key players operating in the zinc paste bandage market include Hartman, Smith & Nephew, Medline, BSN, Lohmann & Rauscher, Urgo, KOB, Sbetter Medical, North Coast Medical, Holthaus Medical, Changzhou Hualian Health, and Changzhou Major Medical.
Zinc paste bandages are medical products that allow compression, and provide moistness to the skin. The zinc paste bandages is widely utilized by orthopedists, phlebologists, dermatologists, physiotherapists, sports medicine practitioners, general practitioners, and practitioners of alternate medicine Zinc paste bandage are available in the form of thin, transparent silk bandages, infused with zinc oxide paste.
Rising prevalence of chronic wounds, as well as increasing geriatric population is expected to boost the zinc paste bandage market growth. According to the US National Institute of Health, 2017, an estimated 6.5 million people were affected by chronic wound in the U.S. Moreover, according to the Population Reference Bureau, in 2016, 46 million in the U.S. were aged 65 and above.
High cost of zinc paste bandages is expected to hinder the market growth over the forecast period, as zinc paste bandages are single use bandages, which makes them more expensive compared to other methods of treatment.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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