Medical Tapes and Bandages Market Share, Size, Trends, Industry Analysis Report, By Product (Adhesive, Gauze, Elastic, Cohesive, Others); By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030
- Published Date:Oct-2022
- Pages: 119
- Format: PDF
- Report ID: PM2621
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global medical tapes and bandages market was valued at USD 9.11 billion in 2021 and is expected to grow at a CAGR 3.5% during the forecast period. Medical bandages are defined as a strip or pieces of cloth made using different materials such as cotton and are used in the management of a wound.
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These tapes are widely used for binding dressing to the wounded area. They are also used for the application of firm pressure to a soft tissue injury. The medical tapes are used in medicine for ulcer wounds, surgeries, elastic bandages, and sports injuries.
Moreover, tapes and bandages are also used to protect and burn wounds and treat traumatic & laceration injuries. Additionally, there are several types of medical tapes and bandages that are readily available in the open market, such as gauze, cohesive, elastic, and adhesive bandages. These tapes are used for several purposes, such as cohesive bandages offering compression by sticking on their own.
The outbreak of the COVID-19 pandemic impacted the growth of the global medical tapes and bandages market and its opportunities. Owing to the lockdown and the spread of the virus, patients were hesitant to visit hospitals and clinics. Additionally, the supply of these products also became short due to the non-movement of goods. Therefore, this led to a negative impact on the global market.
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Industry Dynamics
Growth Drivers
The growth of the global market is primarily driven by an increase in the demand for medical bandages owing to a rise in the number of sports injuries. Sports injuries, such as ankle sprain, knee ligament injury, and others, require extensive use of cohesive bandages.
Thus, the surge in sports injuries leads to a rise in demand for tapes and bandages. Growth in surgical procedures, increasing cases related to chronic wounds, and rising occurrences of road accidents have increased the demand for medical tapes.
Moreover, the rising geriatric population across the world has led to increased cases requiring tapes, for instance, according to The World Bank Group, 16.9% of people aged 65 in America in 2021. The surge in the adoption of minimally invasive surgical procedures that are performed in ambulatory surgical centers has also boosted the growth of the market.
Furthermore, the prevalence of diabetes is another major factor that accelerates the growth of the global medical bandages and tapes market. This is due to the occurrence of diabetic foot ulcers in patients suffering from diabetes. These foot ulcers require the use of medical bandages to cover and treat the wound.
Report Segmentation
The market is primarily segmented based on product, application, end-use, and region.
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By Product |
By Application |
By End-Use |
By Region |
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Gauze bandages segment accounted for the largest market share
By product, the medical tapes and bandages market is segmented into adhesive, gauze, elastic, cohesive, and others. The market for the gauze segment is expected to hold a significant share. The major factors that contribute toward the growth of this segment include a rise in the prevalence of various chronic disorders coupled with a surge in the geriatric population.
The rise in the prevalence of chronic disorders such as diabetes leads to a surge in the prevalence of diabetic ulcers that require the use of gauze bandages for treatment. Furthermore, the surge in the geriatric population leads to a rise in the prevalence of age-related disorders that require surgical procedures, which in turn require the use of gauze bandages. Thus, these factors contribute to the growth of the gauze bandage market.
Surgical wounds segment accounted for the largest market share
By application, the market is burns, surgical wounds, traumatic & laceration wounds, ulcers, sports injuries, and other wounds. Among these, surgical wounds are expected to be the largest market during the forecast period.
Surgical wounds are incisions on the body of the patient to operate on the organs associated with the medical condition. Some surgical wounds are small, whereas others are very large, depending on the nature of the surgical procedure. In addition, incisions break the integrity of the skin, including the epidermis and dermis leading to a rise in the risk associated with wound infection.
Medical dressings are employed to protect wounds from germs and infection. Moreover, gauze bandages are used to keep medical dressings in place, which also cover the wound so that stitches or staples do not get entangled in the clothes of the patient. Furthermore, adhesive bandages are also applied to small incisions along with a medical dressing.
Hospital segment is expected to be the fastest growing segment.
By end-use, the medical tapes and bandages market is categorized into clinics, hospitals, and ambulatory surgical centers. Among these, hospital segments are expected to be the fastest growing segment during the forecast period.
A hospital is a medical facility that offers medical and surgical treatment for various conditions. Hospitals are one of the major end users of bandages, as these facilities are responsible for performing surgical procedures that require incisions to be made on the body of the patient.
Furthermore, hospitals have a special department on the premises, which is called trauma and emergency and is responsible for handling patients suffering from trauma wounds. These facilities use bandages such as gauze and adhesive bandages, and others.
Asia Pacific is expected to be the fastest growing region during the forecast period
The Asia Pacific region is expected to be the fastest growing region during the forecast period in the tapes and bandages market owing to the strengthening healthcare industry, rising expenditure on healthcare facilities, and establishment of government healthcare facilities. In addition, the surge in wound care products and the increasing senior citizen population have led to growth in the market.
Competitive Insight
Some of the major players operating in the global market include 3M Company, B. Braun Melsungen AG, Beiersdorf AG, Cardinal Health Inc., Coloplast A/S, Essity, Johnson & Johnson, Integra Lifesciences Holdings Corporation, McKesson Corporation, Medline Industries Inc., Mölnlycke Healthcare, Nichiban, Nitto Denko Corporation, Paul Hartmann AG, and Smith & Nephew Plc.
The major market players in the global market are launching new products in the market to strengthen their offerings. Significant investments in research and development enable these companies to enhance their portfolio and cater to the growing industry demand. Acquisitions and collaborations assist these market players to enter emerging economies and cater to wider applications and customer base.
Recent Developments
In February 2022, Beiersdorf AG launched their first climate neutralized plasters under Elastoplast, Hansaplast, and CURITAS brands.
In October 2019, 3M acquired Acelity, Inc., a non-operating holding company, which owned subsidiaries that developed advanced wound therapeutics products. This acquisition was aimed at expanding the presence of 3M in the advanced wound care and surgical care market.
Medical Tapes and Bandages Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 9.11 billion |
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Revenue forecast in 2030 |
USD 12.45 billion |
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CAGR |
3.5% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
By Product, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
3M Company, B. Braun Melsungen AG, Beiersdorf AG, Cardinal Health Inc., Coloplast A/S, Essity, Johnson & Johnson, Integra Lifesciences Holdings Corporation, McKesson Corporation, Medline Industries Inc., Mölnlycke Healthcare, Nichiban, Nitto Denko Corporation, Paul Hartmann AG, and Smith & Nephew Plc. |
