Egypt Medical Bandage Market is expected to grow at a CAGR of 3.6% during the forecast period 2020-2027. As per the detailed market study, the Egypt medical bandage industry was valued at $14.38 billion in the year 2018 and is anticipated to reach $19.12 million by the end of the year 2026.
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Bandages are widely used in holding dressings in place, immobilizing a part, applying pressure to a part, obliterating cavities, supporting an injured area, and checking haemorrhages.
The Egypt medical bandage market is uplifted growth in demand for medical treatments. The major growth drivers of the regional medical bandage market is rising number of road accidents in Egypt and growing government preferences toward providing better healthcare devices to people of the country. In addition, rise in number of hospitals and clinics in Egypt and surge in healthcare expenditure also impacting in the market growth. However, lack of knowledge among the people about wound care restrain the market growth to an extent. On the other hand, government initiatives toward improving healthcare infrastructure and providing better healthcare facilities and medical supplies to the Egypt are anticipated to open market opportunities for players of the medical bandages market. For instance, in June 2018, the World Bank announced a new US$530 million project to support Egypt's national goal of improving public healthcare, including expanding family planning services, scaling up its ground-breaking Hepatitis C program, and supporting the new Universal Health Insurance System
Segmentation Overview of the Egypt Medical Bandage Market
The Egypt medical bandage market is segmented on the basis of various market segments that include product, application and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
The Product Segment of the Egypt Medical Bandage Market is Sub-Segmented into:
- Gauze bandage
- Adhesive bandage
- Cohesive bandages
- Elastic bandage
The Application Segment of the Egypt Medical Bandage Market is Sub-Segmented into:
- Surgical wounds
- Traumatic & laceration wounds
- Sport injuries
- Other wounds
The End-User Segment of the Egypt Medical Bandage Market is Sub-Segmented into:
- Ambulatory surgical centres
The hospital segment held the largest share of the market in 2019 and also expected to remain as the lucrative segment over the study period. The major driver for the segment is to expand in number of hospitals in Egypt. Moreover, the ambulatory surgical centres segment is anticipated to attain the fastest growth rate during the forecast period due to increase in the number of ambulatory surgical centres across Egypt and rise in the adoption of minimally invasive surgical procedures that are performed in ambulatory surgical centres.
Competitive Landscape of the Egypt Medical Bandage Market
Tri M Medical, Pharmaplast, Medtronic Plc, 3M, Johnson & Johnson, Afri Medical, Intermedica, Gyproc and Baxter International Inc. are some major players included in the research study of the Egypt medical bandage market. These players are adopting various strategic steps to acquire the major part of Egypt medical bandage market during the study period. For instance, July 2020, Medtronic (Egypt) announced to make available to anyone the full design specifications, produce manuals, design documents and, in the future, software code for its PB 560 ventilator to allow other companies to produce it rapidly to help meet demand driven by the novel COVID-19 outbreak.
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