Medical Tapes and Bandages Market By Product (Medical Tapes, Fabric Tapes, Paper Tapes, Plastic Tapes, Others) By Application (Surgical Wounds, Traumatic Wounds, Burn Injury, Ulcers, Sport Injury, Others) By Application (Hospitals and Clinics, Ambulatory Surgical Centres, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global medical tapes and bandages market report explore the critical analysis of the Medical Tapes and Bandages industry using key parameters. The report consists of investment strategies, the need for investments in the medical tapes and bandages industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the medical tapes and bandages industry and how economic and non-economic barriers are helping the medical tapes and bandages market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Medical Tapes and Bandages market?

• In terms of market share by product in 2021, the medical bandages segment held a 58.20% share. Most commonly, bandages are used to cover wounds, support fractures and splints, and treat sports injuries.
• With a market share of 27.87% in 2021, the hospital sector held the majority of the market. Dressings for surgical wound care and bone fractures are typically used in hospitals and should not be used at home.

Which region dominated the medical tapes and bandages market?

The market for medical tapes and bandages was dominated by North America in 2021, with a share of 45.41%. Road accidents, rising sports injuries, and the presence of numerous major competitors in the area are all expected to fuel market expansion. Along with these factors, the market is anticipated to see considerable regional growth prospects due to increased surgical operations and hospital visits, a well-developed healthcare infrastructure, and advantageous reimbursement and regulatory guidelines in the healthcare sector.

How is US Market performing in the medical tapes and bandages market?

The need for bandages and medical tapes is driven by the rising number of orthopedic surgeries performed in the United States. Additionally, the use of new bandages and tapes has replaced the outdated method of traditional wound dressing, promoting rapid healing. One of the things promoting growth in the area is the existence of major firms releasing cutting-edge items. The US government has also implemented several policies and programs in the healthcare industry that are assisting in introducing new medical practices, the advancement of technology, and improving healthcare infrastructure.

What is the competitive environment of the medical tapes and bandages market?

The medical tapes and bandages industry's competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the medical tapes and bandages market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial, medical tapes and bandages market. Major players use tactics like alliances, mergers & acquisitions, and developing new products to increase their market share. For instance, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. in April 2019 to expand its clientele and market reach by accelerating the development of its line of medical bandages and tapes.

Executive Summary

What are Medical Tapes and Bandages?

The pressure-sensitive adhesive tapes called "medical tapes" are used to support bandages and other wound dressings. A cotton-gauge fabric known as a medical bandage is used for supporting medical equipment like a surgical dressing or splint. Medical tapes and bandages protect the wound from mechanical damage and infection, promote wound healing, and preserve moisture at the dressing site.

Which are the key investments by the medical tapes and bandages market players?

Leading players operating in the medical tapes and bandages market focus on mergers and acquisitions to increase their market share. For instance, Essity bought Bayport Brands in April 2021, and as a result, Essity now has distribution rights for Bayport Brands' Sorbact wound care technology in Australia and New Zealand. This will spur the wound care market's expansion even more. To provide Yale New Haven with an exclusive supply of medical goods as well as supply chain and logistics solutions, Medline Industries teamed with Yale New Haven in April 2020. The acquisition of Acelity Inc. by 3M Company in October 2019 will strengthen 3M's position as a market leader in advanced wound care, a sizable and expanding market.

Some major players in the medical tapes and bandages market are 3M Company, B.Braun Melsungen AG, Beiersdorf AG, Cardinal Health Inc., Integra Lifesciences Corporation, Johnson & Johnson, Medline Industries Inc., Medtronic plc, Mölnlycke Health Care AB, Nitto Denko Corporation, Paul Hartmann AG and Smith & Nephew PLC.

What are the Major Driving Factors for the Medical Tapes and Bandages Market?

Market expansion is anticipated fuelled by chronic illnesses like cancer, diabetes, and other autoimmune diseases. In addition, factors include adopting unhealthy sedentary lifestyles, antibiotic resistance, smoking, and alcohol consumption are some of the other key factors causing the prevalence of non-communicable illnesses to rise. Additionally, non-communicable diseases (NCDs), which account for 71% of all fatalities globally, claim the lives of 41 million people per year, according to the WHO, in April 2021. Additionally, 17.9 million people each year die from cardiovascular diseases, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). The number of operations conducted has increased due to the rising frequency of chronic illnesses, which is expected to raise demand for medical tapes, bandage products, and fuel market expansion.

What are the Major Risks for the Medical Tapes and Bandages Market?

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.

Which is the key application in the medical tapes and bandages market?

With almost 58.48% of the market's revenue, the surgical wound segment led the market in terms of application. One of the key elements fueling the segment's expansion is the increase in surgical site infections (SSI). SSI causes most surgical wounds. Estimates for SSIs in India are much higher than those worldwide, ranging from 23.0% to 38.0%, according to the Journal of Patient Safety & Infection Control of 2019. Additionally, the industry is expected to develop as the prevalence of trauma increases globally. For instance, according to the World Health Organization (WHO), trauma accounted for about 9.0% of annual global mortality in 2019.

Additionally, the industry is expected to develop as the prevalence of trauma increases globally. For instance, according to the World Health Organization (WHO), trauma accounted for about 9.0% of annual global mortality in 2019. Thus, a sizable segment expansion during the forecast period is predicted.

The ulcer segment is expected to expand significantly during the projection period at a higher compound yearly growth rate. The country's growing senior population and the rising incidence of chronic diseases, particularly diabetes, are the main drivers of the segment's growth. For instance, a 2018 systematic MEDLINE and PubMed study indicated that Spain had the greatest yearly incidence of total peptic ulcer illness (141.8/100,000 persons). In contrast, the United Kingdom had the lowest incidence (23.9/per 100,000 people). Therefore, during the forecast period, significant segment growth is expected.

How is the medical tapes and bandages market performing in regions?

North America held a 45.41% share of the global medical tapes and bandages market in 2021. The presence of multiple significant regional competitors, rising sports injuries, and traffic accidents are all anticipated to fuel market growth. Along with these variables, the market is predicted to see significant regional growth potential due to rising hospital admissions and surgical procedures, a well-established healthcare infrastructure, and favorable reimbursement and regulatory standards in the healthcare industry. For instance, the Centers for Medicare & Medicaid Services (CMS) estimates that US health spending will increase by 5.5% annually between 2018 and 2027 and total USD 6 trillion. Additionally, a substantial portion of the market share in the region can be attributed to competent professionals & high discretionary income in developed economies.

Asia Pacific is anticipated to see the fastest CAGR. Significant regional growth prospects in the market are anticipated due to a sizable patient pool and the expanding need for technologically sophisticated & affordable healthcare solutions. In addition, it is anticipated that in the upcoming years, the burden of chronic diseases and the growing older population will propel the demand for medical tapes and bandages in the Asia Pacific region. The World Health Organization (WHO) reports that the region's non-communicable disease burden was 7.9 million in 2008 (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets). Additionally, it stated that the most prevalent illnesses in the area were cancer, diabetes, and cardiovascular diseases. However, there need to be more advanced healthcare facilities, a shortage of people with the necessary skills, and a complex healthcare reimbursement system may impede market expansion in the area.

What is the regulatory landscape for the medical tapes and bandages market?

Due to insufficient 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 such as Asia Pacific due to the growing competition in mature areas.

What is the Market Size of Medical Tapes and Bandages regarding value?

The global medical tapes and bandages market is anticipated to grow at a substantial CAGR of 3.3% in the upcoming years. The global Medical Tapes and Bandages market was estimated to be worth USD 8.9 billion in 2021 and was expected to be worth USD 10.8 billion by 2028.

What are the major players planning for the future of the medical tapes and bandages market?

Key companies are investing significantly in R&D to produce technologically improved goods predicted to drive market expansion. Additionally, the manufacturers of medical tapes and bandages will be forced to concentrate on emerging markets due to the growing competition in mature areas.

Segmentation of Global Medical Tapes and Bandages Market-

Global Medical Tapes and Bandages Market – By Product

• Medical Tapes
• Fabric Tapes
• Paper Tapes
• Plastic Tapes
• Others
• Medical Bandages
• Gauze Bandages
• Adhesive Bandages
• Cohesive and Elastic Bandages
• Others

Global Medical Tapes and Bandages Market – By Application

• Surgical Wounds
• Traumatic Wounds
• Burn Injury
• Ulcers
• Sport Injury
• Others

Global Medical Tapes and Bandages Market – By Application

• Hospitals and Clinics
• Ambulatory Surgical Centres
• Others

Global Medical Tapes and Bandages Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Frequently asked questions about the global medical tapes and bandages market.