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Medical Tapes And Bandages Market

Medical Tapes and Bandages Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Product Type (Medical Bandages, Medical Tapes), By Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Wound Treatment, Burn Injury Treatment, and Other Applications), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa)

  • Published Date: July 2022
  • Report ID: BWC22234
  • Available Format: PDF
  • Page: 114

Report Overview

Global Medical Tapes and Bandages Market is flourishing owing to the increasing aging population and increased demand for post-surgical rehabilitation products, as well as various ailments such as diabetic foot, pressure ulcers, and ulcerative colitis (UC) along with the intensive care and timely dressings are required to ensure proper wound healing and prevent infections...

Global Medical Tapes and Bandages Market - Industry Trends & Forecast Report 2028

Global Medical Tapes and Bandages Market was worth USD 7.9 billion in 2021 and is further projected to reach USD 11.75 billion by the year 2028, exhibiting a CAGR of 6.1% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the prevalence of chronic diseases increasing, as is the geriatric population. Moreover, an increasing number of accidents and several skin infections are expected to drive the growth of the medical tapes and bandages market. Additionally, the growing awareness of the benefits of medical tapes and bandages is expected to boost the growth of the Global Medical Tapes And Bandages Market. The rise in income of low and middle-income countries also supports the Medical Tapes And Bandages Market to grow. Furthermore, one of the major factors fueling the growth of the medical tapes and bandages market is an increase in surgical operations. As acknowledged by WHO and several other international organizations, surgical care is required to treat a variety of illnesses, including cancer, obstructed labor, cardiovascular diseases, accidents, and other problems.

Medical Tapes and Bandages Market

Medical Tapes and Bandages - Overview

Medical tapes and bandages are made of cotton gauge cloth and are pressure-sensitive wound dressings. Medical bandages come in gauze, adhesive, cohesive, and elastic varieties and some of the more often used medical tapes include micropore, transport, zinc-oxide, fabric, paper, and plastic tapes. Moreover, bandages are pieces of material that have the purpose of supporting the dressing applied to a specific region or preventing that part from moving to lessen pain.  They are frequently used to support and restrict movement to lessen discomfort and swelling in a surgical, traumatic, laceration, burn, sports, and ulcer wounds. They are also used to shield the open wound from mechanical damage and bacterial growth, maintain moisture levels at the dressing site, and encourage healing.

Global Medical Tapes and Bandages Market Forecast and Trends

Growth Drivers

The Increasing Prevalence of Diseases and Conditions that Impair Wound Healing Abilities

Diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds are examples of chronic wounds. Diabetes complications include diabetic foot ulcers. Because diabetes slows the healing process, all types of ulcers, other chronic and acute wounds, and even minor cuts take longer to heal, extending treatment time and increasing the consumption of medical tapes and bandages used for dressings and re-dressings. Furthermore, due to the prolonged healing time, minor cuts can become chronic wounds in some cases, increasing the demand for dressings. All these factors boost the growth of the Global Medical Tapes and Bandages Market during the forecast period (2022-2028).

Potential for Growth in Emerging Economies

Players in the medical tapes and bandages market may anticipate finding considerable growth potential in emerging economies like China, India, Brazil, and Mexico. This is partly due to the expanding medical tourism trend in these developing nations. The main factor luring patients to these countries for elective surgery is the availability of high-quality surgical treatments at reduced costs. Other significant variables that are anticipated to provide market participants with development prospects include the rising demand for cosmetic procedures and the evolving healthcare infrastructure in emerging nations. Manufacturers are deliberately focused on increasing their presence in emerging regions to take advantage of the strong growth potential for medical tapes and bandages there. Due to laxer rules and data requirements, regulatory policies in the Asia-Pacific area are more flexible and business-friendly. Additionally, the manufacturers of medical tapes and bandages will be forced to concentrate on emerging markets due to the growing competition in mature areas.

Growing Benefits of Medical Tapes and Bandages

Medical tapes are hypoallergenic, pressure-sensitive adhesive tapes that are simple to remove without causing any harm to the skin. Hypoallergenic tapes are intended for babies and the elderly. Due to their microporous nature, the skin can breathe. Because zinc oxide, which helps prevent infections, is present in the majority of medical tapes, they are often white. In addition,  sports tapes or strapping tapes include zinc oxide. Sports injuries, soft tissue tears, and wound protection are all avoided with its use. Zinc oxide tapes reduce moisture because they maintain their integrity even when worn for a longer time. Moreover, medical tapes and bandages come in a wide range of styles, sizes, widths, and lengths to suit the needs of different users and the sensitivity of their skin. The tapes have waterproof properties when the application area is clean and dry.  They neither attach to hairy places nor do they remove or injure skin-grown hair while being removed. Furthermore, the use of medical tapes and bandages is expected to rise in the next years due to an increase in surgeries as well as surgical wounds, traumatic wounds, ulcers, sports injuries, burn injuries, and all other forms of injuries.

Restraints

Growing Knowledge of Cutting-Edge Wound Care Products

By creating and encouraging a moist environment, advanced wound care hastens the healing of many chronic wounds. Advanced wound care solutions are utilized as first-line therapy anywhere infection control and healing speed are important issues because basic/traditional wound care products take a long time for wounds to heal and are less effective in some types of wounds. Advanced and active wound care products are predicted to cannibalize the market for medical bandages and tapes in the upcoming years due to their effectiveness and the drawbacks of basic/traditional wound dressings. All these factors hinder the growth of the Global Medical Tapes and Bandages Market

Impact of COVID-19 on Global Medical Tapes and Bandages Market

In the early part of the projection period, the COVID-19 outbreak had an influence on the market for medical tapes and bandages. The wound care market is anticipated to have a definite reduction throughout the projection period as a result of widespread lockdowns, denied wound care services, postponed or canceled elective surgeries, and rising skin injuries among COVID-19 medical care professionals. However, it is anticipated that the demand for wound care products would significantly increase in the second half of the projection period. The market for advanced wound dressings will be negatively impacted by the COVID-19 outbreak. Surgical tapes, anti-infective dressings, and dry dressings are examples of traditional wound dressings. In comparison to more modern wound dressings, traditional wound dressings take a long time to heal wounds and are less effective. There are some types of wounds that these dressings cannot be used to treat, most notably burn wounds. Due to these constraints, the market for conventional wound dressings is predicted to expand slowly. Lockdowns all across the world could have an impact on the supply chain for these goods. The COVID-19 pandemic is not anticipated to have a large impact on the medical tapes and bandages industry, nevertheless, these dressings are frequently utilized in home care settings.

Global Medical Tapes and Bandages Market - By Type

Based on the type, the Global Medical Tapes and Bandages Market is segmented into Medical Bandages and Medical Tapes. Among these, medical bandages account for the largest share in the Global Medical Tapes and Bandages Market. This is Because of the increasing number of surgical procedures and medical conditions, the bandages segment accounts for a sizable share. Bandages also protect wounds from trauma, bacteria, and dirt, absorb fluid from draining wounds and keep wounds moist to speed healing. Moreover, the rising number of road accidents and the rising incidence of healthcare-associated infections around the world are major factors driving the segment growth. All these factors propel the growth of the Global Medical Tapes and Bandages Market during a forecast period (2022-2028).

Medical Tapes and Bandages Market Share

Global Medical Tapes and Bandages Market - By End-User

Based on end-user, the Global Medical Tapes and Bandages Market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. The hospital segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is due to the large number of surgeries performed in hospitals. In addition, hospitals have the infrastructure and personnel needed to treat chronic wounds, burns, and traumatic and laceration cases. These treatments make use of a variety of medical tapes and bandages. Almost all major surgeries, for example, necessitate pre- and post-surgery catheter insertion, which necessitates the use of medical tapes to secure.

Global Medical Tapes and Bandages Market - By Country

Based on country, the Global Medical Tapes and Bandages Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America dominates the market share. The major factors driving the market's growth are an increase in the number of road accidents and the rising prevalence of chronic diseases. According to a report published by the Organization for Economic Cooperation and Development (OECD), healthcare accounts for approximately 18% of the country's GDP. As a result, all of these factors are expected to aid market growth. Moreover, during the forecast period, the Asia Pacific market is expected to grow at the fastest rate. The Asia Pacific market is growing due to rising demand for wound care products, a growing geriatric population, and an increase in the prevalence of chronic wounds in the region.

Competitive Landscape

The leading market players in the Global Medical Tapes and Bandages Market are Medtronic, 3M, B. Braun Melsungen AG, Johnson & Johnson, Smith & Nephew Plc, Nitto Denko Corporation, Beiersdorf Aktiengesellschaft, Lohmann & Rauscher International GmbH & Co. KG, Other Prominent Players.

The Global Medical Tapes and Bandages Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

  • In April 2021, Essity acquired Bayport Brands which gave Essity distribution rights of the wound care technology Sorbact in Australia and New Zeland from Bayport Brands this will further accelerate the growth in the wound care market.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Product Service/Segmentation By Type, By Application, By End-User, By Region 
Key Players Medtronic, 3M, B. Braun Melsungen AG, Johnson & Johnson, Smith & Nephew Plc, Nitto Denko Corporation, Beiersdorf Aktiengesellschaft, Lohmann & Rauscher International GmbH & Co. KG, Other Prominent Players.

 

 

By Product Type

  • Medical Bandages
  • Medical Tapes

By Application

  • Surgical Wound Treatment
  • Traumatic Wound Treatment
  • Ulcer Treatment
  • Sports Wound Treatment
  • Burn Injury Treatment
  • Other Applications

By End-User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Medical Tapes and Bandages Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Medical Tapes and Bandages Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Medical Bandages
        2. Medical Tapes
      2. By Application
        1. Surgical Wound Treatment
        2. Traumatic Wound Treatment
        3. Ulcer Treatment
        4. Sports Wound Treatment
        5. Burn Injury Treatment
        6. Other Applications
      3. By End-User
        1. Hospitals
        2. Clinics
        3. Ambulatory Surgical Centers
        4. Others
      4. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Medical Tapes and Bandages Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. United States
        2. Canada
  7. Europe Medical Tapes and Bandages Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Medical Tapes and Bandages Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Medical Tapes and Bandages Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. Middle East & Africa Medical Tapes and Bandages Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
  12. Impact of Covid-19 on Global Medical Tapes and Bandages Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Medtronic
    2. 3M
    3. B.Braun Melsungen AG
    4. Johnson & Johnson
    5. Smith & Nephew Plc
    6. Nitto Denko Corporation
    7. Beiersdorf Aktiengesellschaft,
    8. Lohmann & Rauscher International GmbH & Co. KG
    9. Other Prominent Players

 

  1. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1: Global Medical Tapes and Bandages Market Segmentation

Figure 2: Global Medical Tapes and Bandages Industry Value Chain Analysis

Figure 3: Global Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 5: Global Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028

Figure 6: Global Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 7: Global Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028

Figure 8: North America Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 9: North America Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 10: North America Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028

Figure 11: North America Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 12: North America Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028   

Figure 13: Europe Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 14: Europe Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 15: Europe Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028

Figure 16: Europe Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 17: Europe Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028

Figure 18: Asia-Pacific Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 19: Asia-Pacific Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 20: Asia-Pacific Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028  

Figure 21: Asia-Pacific Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 22: Asia-Pacific Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028

Figure 23: Latin America Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 24: Latin America Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 25: Latin America Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028

Figure 26: Latin America Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 27: Latin America Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028

Figure 28: Middle East & Africa Medical Tapes and Bandages Market Size, By Value (USD Million), 2018-2028

Figure 29:  Middle East & Africa Medical Tapes and Bandages Market Share (%), By Type, By Value, 2018-2028

Figure 30: Middle East & Africa Medical Tapes and Bandages Market Share (%), By Application, By Value, 2018-2028

Figure 31: Middle East & Africa Medical Tapes and Bandages Market Share (%), By End-User, By Value, 2018-2028

Figure 32: Middle East & Africa Medical Tapes and Bandages Market Share (%), By Country, By Value, 2018-2028

Figure 33: Global Medical Tapes and Bandages Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), 2018-2028

Table 2: Global Medical Tapes and Bandages Market Size, By Application, By Value (USD Million), 2018-2028

Table 3: Global Medical Tapes and Bandages Market Size. By End-User, By Value (USD Million), 2018-2028

Table 4: Global Medical Tapes and Bandages Market Size. By Country, By Value (USD Million), 2018-2028

Table 5: North America Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), 2018-2028

Table 6: North America Medical Tapes and Bandages Market Size, By Application, By Value (USD Million), 2018-2028

Table 7: 28 North America Medical Tapes and Bandages Market Size (USD Million), By End-User, By Value 2018-2028 

Table 8: 28 North America Medical Tapes and Bandages Market Size (USD Million), By Country, By Value 2018-2028 

Table 9: Europe Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 10: Europe Medical Tapes and Bandages Market Size, By Application, By Value (USD Million), By Value 2018-2028

Table 11: 40 Europe Medical Tapes and Bandages Market Size (USD Million), By End-User, By Value 2018-2028

Table 12: 40 Europe Medical Tapes and Bandages Market Size (USD Million), By Country, By Value 2018-2028

Table 13: Asia-Pacific Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 14: Asia-Pacific Medical Tapes and Bandages Market Size (USD Million), By Application, By Value 2018-2028

Table 15: Asia-Pacific Medical Tapes and Bandages Market Size (USD Million), By End-User, By Value 2018-2028

Table 16: Asia-Pacific Medical Tapes and Bandages Market Size (USD Million), By Country, By Value 2018-2028

Table 17: Latin America Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 18: Latin America Medical Tapes and Bandages Market Size, By Application, By Value (USD Million), 2018-2028

Table 19: Latin America Medical Tapes and Bandages Market Size (USD Million), By End-User, By Value 2018-2028

Table 20: Latin America Medical Tapes and Bandages Market Size (USD Million), By Country, By Value 2018-2028  

Table 21: Middle East & Africa Medical Tapes and Bandages Market Size, By Type, By Value (USD Million), 2018-2028

Table 22: Middle East & Africa Medical Tapes and Bandages Market Size, By Application, By Value (USD Million), 2018-2028

Table 23: Middle East & Africa Medical Tapes and Bandages Market Size (USD Million), By End-User, By Value 2018-2028

Table 24: The Middle East & Africa Medical Tapes and Bandages Market Size (USD Million), By Country, By Value 2018-2028 

Table 25:  List of Key Players and Their Offerings

Table 26:  Competitive Benchmarking, by Operating Parameters

Table 27       Medtronic Company Overview

Table 28        Medtronic Financial Overview

Table 29        3M Company Overview

Table 30        3M Financial Overview

Table 31        B.Braun Melsungen AG Company Overview

Table 32        B.Braun Melsungen AG Financial Overview

Table 33        Johnson & Johnson Company Overview

Table 34        Johnson & Johnson Financial Overview

Table 35        Smith & Nephew Plc Company Overview

Table 36        Smith & Nephew Plc Financial Overview

Table 37        Nitto Denko Corporation Company Overview

Table 38        Nitto Denko Corporation Financial Overview

Table 39        Cardinal Health Inc Company Overview

Table 40        Terumo Medical Corporation Financial Overview

Table 41        Beiersdorf Aktiengesellschaft Company Overview

Table 42        Beiersdorf Aktiengesellschaft Financial Overview

Table 43        Lohmann & Rauscher International GmbH & Co. KG Company Overview

Table 44        Lohmann & Rauscher International GmbH & Co. KG Financial Overview

Table 45        Paul Hartmann AG Company Overview

Table 46        Paul Hartmann AG Financial Overview

 

Market Segmentation

By Product Type

  • Medical Bandages
  • Medical Tapes

By Application

  • Surgical Wound Treatment
  • Traumatic Wound Treatment
  • Ulcer Treatment
  • Sports Wound Treatment
  • Burn Injury Treatment
  • Other Applications

By End-User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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