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Procurement Market Intelligence Report

Bandages & Dressings Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Bandages & Dressings?

What is the average price of Bandages & Dressings?

This procurement report includes pricing information to help you purchase Bandages & Dressings. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Bandages & Dressings been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Bandages & Dressings yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Bandages & Dressings?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Bandages & Dressings with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Bandages & Dressings?

Market share concentration in the bandage and dressing market is low, with the top four companies accounting for less than 30.0% of total revenue. There are about 1,320 suppliers of bandages and dressings in the US, including manufacturers, wholesalers and distributors. The majority of the top vendors are public companies... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Product & Service Quality

Do you have a delivery method to handle sudden increases in pickup demand?

How do you retain qualified staff? What is your employee turnover?

What is your best-selling bandage and dressing (brand, type, grade)?

How often are your facilities inspected?

What is your product failure rate? How do you handle the discovery of faulty products?

Regulation

How have changing regulations affected your operations?

How has increased regulation affected your pricing? How will changes in regulation affect pricing during a contract's duration?

What measures are you undertaking to address the medical device excise tax? How does it affect your operations?

How do you ensure that your customers are aware of changes in regulations?

Supplier Expertise

How many years of experience in manufacturing or wholesaling of medical supplies do you have?

Do you have experience in servicing various brands and types of supplies?

Do you provide services in various geographic regions aside from the region you are headquartered in? If so, which regions?

What clients have you worked in the past? Can you provide references?

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Key elements for every RFP

What should my Bandages & Dressings RFP include?

Project Budget

Buyers can impart the desired price range for each product needed, including adjustments to potential price increases.

Buyers should explain terms of payments, including frequency, timing and value.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should consider the breadth of product line available for purchases both for bandages and related products.

Buyers should take into account the quality of performance by the products.

Buyers should assess the reputation of a vendor, which they can ascertain through client references.

For detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline the timeline for the RFP.

Buyers must include the date when proposals are due, when the award will be announced and desired delivery date.

Buyers should include any other benchmark dates that vendors need to be aware of.

Evaluate major factors to mitigate risk

How risky is the Bandages & Dressings supply chain?

There is a medium level risk across the supply chain for bandages and dressings. One crucial factor contributing to this risk level is the moderate to high volatility of raw materials, such as cotton, chemicals and allied products, and plastic materials and resin. This volatility affects both first-tier and second-tier... Subscribe to learn more.

HIGH

MEDIUM

LOW