Smart bandages are electrically conductive fibres with hydrogel coating for delivery of medication during wound management. Smart bandages are equipped with temperature and pH sensors for real-time monitoring of wounds. It offers natural healing and widely used for chronic wounds caused by diabetes, burns and other medical conditions. Smart bandages are further used for specific therapies like pain management, antibiotic therapy and others. It delivers medicines automatically at a particular time for effective management of wounds. Each smart bandage can accommodate more than one medication and are tailored for particular disease treatment.
Smart Bandages market has a huge demand due to the high prevalence of burn cases and diabetic patients across the globe.It are more advantageous over existing traditional methods. It offers a potential opportunity for innovators and expected to boost the growth of smart bandages market during the forecast period. Additionally, smart bandages provide real-time data through wireless technologies for understanding the healing properties of the wound. It helps to improve wound management and increase patient compliance. Along with this, wound management poses a significant economic burden on healthcare systems. Because of this, government bodies are moving towards smart technologies for wound management. All these factors are expected to create potential opportunities for the burgeoning of the market.
North America market is expected to account a major share in the global market due to high penetration among the service sectors. It was followed by the European region and it also accounts significant share over the forecast period. High prevalence of diabetes in Asia Pacific region is expected to create a potential opportunity space for themarket. Latin America and Rest of the world market are expected to account a small fraction of market share due to less adoption. Presently smart bandages are in clinical trials and are expected to launch by the later phase of the forecast period. The market is expected to witness high R D investments during the first half of the forecast period.