Liquid Plaster Market Size, Share, Growth, and Industry Analysis, By Sale Channel (Online Sale and Offline Sale), By Application (Acute Wound, Chronic Wound, Operative Wound), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Report Overview

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The global liquid plaster market size was USD 106 million in 2022. As per our research, the market is expected to reach USD 122.5 million by 2028, exhibiting a CAGR of 2.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the liquid plaster market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Liquid plaster is a topical skin treatment for minor wounds. It is a polymer dissolved in a solvent, such as water or alcohol. The polymer forms a thin film on the skin when the solvent evaporates, creating a protective barrier that keeps dirt and germs out and moisture in. They are often used to treat cuts, scrapes, and burns. They are also used to secure medical devices, such as IV lines and catheters.

They can be applied directly to the wound, which eliminates the need to remove clothing or hair. They are less likely to harbor bacteria and other microorganisms, which can help to prevent infection. They are thinner and more flexible than traditional bandages, which allows them to move with the skin.

COVID-19 Impact: Pandemic Increased the Market Growth Owing to Convenience over Traditional Plasters

The COVID-19 pandemic has had a significant impact on the liquid plaster market share. The COVID-19 pandemic has led to an increase in the demand for them for a few reasons. First, they are more convenient to use than traditional plasters. They are applied directly to the wound, which eliminates the need to remove clothing or hair. This is especially important during the pandemic, when people are trying to avoid touching their faces as much as possible. Second, they are more hygienic than traditional plasters. They are less likely to harbor bacteria and other microorganisms, which can help to prevent infection. This is also important during the pandemic, when people are at an increased risk of infection. Third, they are more comfortable to wear than traditional plasters. They are thinner and more flexible, which allows them to move with the skin. This is important for people who are active or who work in jobs that require a lot of movement.

Latest Trends

"Increased Employment of the Product in Healthcare Industry to Fuel the Market Growth"

They are increasingly being used in the healthcare industry for a few reasons. First, they are more convenient to use than traditional bandages. They can be applied directly to the wound, which eliminates the need to remove clothing or hair. This is especially important in hospitals and clinics, where time is often limited. Second, they are more hygienic than traditional bandages. They are less likely to harbor bacteria and other microorganisms, which can help to prevent infection. This is important in a healthcare setting, where there is a high risk of infection. Third, they are more comfortable to wear than traditional bandages. They are thinner and more flexible, which allows them to move with the skin. This is important for patients who are active or who have to wear bandages for an extended period of time.

Segmentation

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• By Sale Channel

According to sale channel, the market can be segmented into online sale and offline sale.

• By Application

Based on age, the market can be divided into acute wound, chronic wound, operative wound.

Driving Factors

"Growing Popularity of the Product among Athletes and Sports Enthusiasts to Foster the Market Growth"

They are popular among athletes and sports enthusiasts for a few reasons. First, they provide a more secure and comfortable fit than traditional plasters. This is important for athletes who are moving around a lot and who need their plasters to stay in place. Second, they are more breathable than traditional plasters. This helps to prevent the skin from becoming moist and irritated, which can be a problem for athletes who are sweating a lot. Third, they are more flexible than traditional plasters. This allows them to move with the skin, which is important for athletes who are bending and stretching. Fourth, they are waterproof. This means that they can be used on wounds that are exposed to water, such as cuts and scrapes that occur during swimming or water sports.

"Rising Awareness about the Benefits of the Products among Consumers to Result In the Expansion of the Market"

Consumers are becoming increasingly aware of the benefits of them, such as their convenience, hygiene, and effectiveness. They are more convenient to use than traditional plasters. They can be applied directly to the wound, which eliminates the need to remove clothing or hair. This is especially important for people who are self-treating minor injuries at home. They are more hygienic than traditional plasters. They are less likely to harbor bacteria and other microorganisms, which can help to prevent infection. This is important for people who are prone to infections or who have open wounds. They are more effective than traditional plasters. They form a barrier that protects the wound from dirt, bacteria, and other contaminants. This helps the wound to heal faster and prevent infection.

Restraining Factor

"Technical challenges to hamper the market growth"

There are still some technical challenges that need to be addressed before liquid plasters can be widely adopted. For example, liquid plasters can be difficult to apply to certain areas of the body, and they can sometimes peel off easily.

Regional Insights

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"North America to Lead the Market Owing To Rising Awareness about the Benefits of the Product. "

The North America region has shown the highest liquid plaster market growth. The increasing demand for liquid plasters from the healthcare industry is driving the growth of the market in North America. The region is home to some of the leading healthcare providers in the world, and the demand for liquid plasters is expected to grow in this region in the coming years.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Market Growth"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Kobayashi.Co.: (Japan)
• Chemence: Singapore
• Advantice Health: (U.S.)
• Taisho.Co.: (Japan)
• Mölnlycke Health Care: (Sweden)
• Schülke & Mayr GmbH: (Germany)
• Haishi Hainuo: (China)

Report Coverage

This report examines an understanding of the liquid plaster market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.