The global medical tapes and bandages market size was valued at USD 8.75 billion in 2020 and is estimated to reach USD 14.41 billion by 2028, expanding at a CAGR of 6.2 % during the forecast period, 2021–2028. The growth of the market is attributed to the increase in the incidence of chronic diseases, such as cancer, diabetes, and other autoimmune diseases globally.
Medical tapes and bandages are utilized in wound care dressings. These are applied by specialists or applicators who ensure that the tape is appropriately applied to the dressing and skin. If the tape is applied correctly, it can extend the duration that the dressing is used. The wound dressing is held in place by medical tapes and bandages, allowing for faster and better healing.
The COVID-19 pandemic outbreak had a significant impact on the medical tapes and bandages market. During the pandemic, the demand for tapes and bandages were disrupted owing to postponed or canceled elective surgeries, denied wound care services, and nationwide lockdowns. However, the demand for wound care products is expected to rise during the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Growing prevalence of diseases and ailments that influence wound healing capabilities is expected to boost the market growth in the coming years.
- Increasing use of disposables in the healthcare industry is one of the key factors driving the market growth.
- Rising awareness about advanced wound care products is projected to hinder the market expansion during the forecast period.
- Increasing governments pressure for reducing healthcare cost presents a major challenge. This is anticipated to hamper the market growth in the projected period.
- Rising trend of medical tourism in developing regions is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global medical tapes and bandages market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Medical Tapes and Bandages Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Sports Injury, Burn Injury, Surgical Wound, Traumatic Wound, Ulcer, and Other Injuries), Products (Medical Bandages [Triangular Bandages, Elastic Bandage Rolls, Muslin Bandage Rolls, Orthopedic Bandages, Elastic Plaster Bandages, and Other Bandages] and Medical Tapes [Plastic Tapes {Polypropylene and Other Plastic Tapes}, Fabric Tapes {Silk, Acetate, Polyester, Viscose, Cotton, and Other Fabric Tapes}, Paper Tapes, and Other Tapes]), and End-users (Clinics, Hospitals, Retail, Ambulatory Surgery Centers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Winner Medical Group, Inc.; Paul Hartmann AG; B. Braun Melsungen AG; Smith & Nephew plc; Mölnlycke Health Care AB; Ethicon, Inc.; Cardinal Health, Inc.; Medtronic plc; 3M Co.; Beiersdorf AG; Urgo Medical; Dynarex Corp.; McKesson Corp.; and 3L Medical Products Group Co., Ltd.
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Market Segment Insights
Surgical wound segment to grow at a rapid pace
Based on applications, the global medical tapes and bandages market is divided into sports injury, burn injury, surgical wound, traumatic wound, ulcer, and other injuries. The surgical wound segment is expected to grow at a rapid pace during the forecast period owing to the increasing cases of burns and trauma across the globe. However, the ulcer segment is anticipated to hold a key share of the market in the coming years due to the rising geriatric population and the increasing cases of chronic diseases like diabetes globally.
Medical bandages segment to expand at a considerable CAGR
In terms of products, the market is bifurcated into medical bandages and medical tapes. The medical bandages segment is further divided into triangular bandages, elastic bandage rolls, muslin bandage rolls, orthopedic bandages, elastic plaster bandages, and other bandages. The medical tapes segment is sub-categorized as plastic tapes, fabric tapes, paper tapes, and other tapes. The plastic tapes segment is bifurcated into polypropylene and other plastic tapes, while the fabric segment consists of silk, acetate, polyester, viscose, cotton, and other fabric tapes. The medical bandages segment is projected to expand at a considerable CAGR during the forecast period attributed to the major usage in sports injuries, supporting fractures, wound dressings, and splints. On the other hand, the medical tapes segment is anticipated to account for a major market share during the forecast period due to the increased awareness for the usage of medical adhesive materials to treat sports injuries.
Hospitals segment to hold significant market share
On the basis of end-users, the global medical tapes and bandages market is segregated into clinics, hospitals, retail, ambulatory surgery centers, and others. The hospitals segment is anticipated to hold significant market share in the coming years owing to the surgical wounds as they are becoming more common as well as the number of procedures related to surgery increases. Moreover, increasing cases of venous leg ulcers and diabetic foot ulcers is further expected to drive the segment growth.
North America to constitute a key market share
In terms of regions, the global medical tapes and bandages market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to rising sports injuries, increasing road accidents, and the presence of numerous key players in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the significantly growing medical tourism industry across the region.
Segments
Segments Covered in the Report
The global medical tapes and bandages market has been segmented on the basis of
Applications
- Sports Injury
- Burn Injury
- Surgical Wound
- Traumatic Wound
- Ulcer
- Other Injuries
Products
- Medical Bandages
- Triangular Bandages
- Elastic Bandage Rolls
- Muslin Bandage Rolls
- Orthopedic Bandages
- Elastic Plaster Bandages
- Other Bandages
- Medical Tapes
- Plastic Tapes
- Polypropylene
- Other Plastic Tapes
- Fabric Tapes
- Silk
- Acetate
- Polyester
- Viscose
- Cotton
- Other Fabric Tapes
- Paper Tapes
- Other Tapes
End-users
- Clinics
- Hospitals
- Retail
- Ambulatory Surgery Centers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Winner Medical Group, Inc.
- Paul Hartmann AG
- B. Braun Melsungen AG
- Smith & Nephew plc
- Mölnlycke Health Care AB
- Ethicon, Inc.
- Cardinal Health, Inc.
- Medtronic plc
- 3M Co.
- Beiersdorf AG
- Urgo Medical
- Dynarex Corp.
- McKesson Corp.
- 3L Medical Products Group Co., Ltd.
Competitive Landscape
Key players competing in the global medical tapes and bandages market are Winner Medical Group, Inc.; Paul Hartmann AG; B. Braun Melsungen AG; Smith & Nephew plc; Mölnlycke Health Care AB; Ethicon, Inc.; Cardinal Health, Inc.; Medtronic plc; 3M Co.; Beiersdorf AG; Urgo Medical; Dynarex Corp.; McKesson Corp.; and 3L Medical Products Group Co., Ltd. As part of their efforts to expand their client base and acquire competitiveness over competitors, manufacturers in the market have opted for numerous strategic initiatives, such as partnerships, collaborations, and mergers and acquisitions. Furthermore, companies are emphasizing their investments in R&D for the creation and introduction of new products in attempt to preserve their competitiveness in the market.
For instance, in May 2019, 3M Co. took over Acelity, Inc. with the goal of strengthening its wound management products and expanding its customer base. In April 2019, Smith & Nephew plc purchased Osiris Therapeutics, Inc. with the goal of speeding up the development of its medical tapes and bandages product line, as well as expanding its client base and market reach.