U.S. Orthopedic Bandages Market Insights, New Innovations, Research and Growth Factor till 2031

Orthopedic Bandages Market: IntroductionSurgical 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 TrendsThe 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.Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=85067Penetration 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 populations.The trend of bulk purchasing puts pricing pressure on market players and reduces their profit margins. Moreover, small- and medium-sized manufacturers that offer a limited range of medical tapes and bandages face significant burden due to the growing power of GPOs and IHNs in the U.S. However, increase in emphasis on the development of low-cost products is expected to mitigate the impact of this challenge in the next few years.COVID-19 Impact on Global Orthopedic Bandages MarketAccording to a University of Birmingham study, by May 2020, 72.3% of all elective surgeries were cancelled across 190 countries during COVID-19; majority of these were for non-cancer conditions. The orthopedic specialty witnessed the most cancelled surgeries, accounting for 6.3 million surgeries in just 12 weeks during the COVID-19 pandemic. Over 2.3 million cancer surgeries are expected to be cancelled globally during the pandemic.Get Table of Content of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=85067The COVID-19 outbreak is projected to have a significant effect on the medical tapes and bandages market during the first half of the forecast period. The wound care mar