USD 9.10 billion
Medical Tapes and Bandages Market Size, Share, Growth Analysis, By Product(Bandages [Gauze Bandages, Adhesive Bandages, Cohesive and Elastic Bandages, Other Bandages]), By Application(Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment), By End User(Hospitals, Ambulatory Surgery Centers, Clinics, Home Care Settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2795 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
92
|Figures:
76
Medical Tapes and Bandages Market Insights
Global Medical Tapes and Bandages Market size was valued at USD 7.40 billion in 2022 and is poised to grow from USD 7.71 billion in 2023 to USD 10.72 billion by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031).
Besides the increased incidence rate of pressure ulcers and diabetic foot ulcers, there are other factors that contribute to increased market growth, including case incidence rates of traffic accidents, wound infections, and patient safety concerns. For instance, 20% of patients may require foot amputation due to diabetic foot ulcers, which affect approximately 25% of the population with diabetes, as reported on ScienceDirect. Demand for medical tapes and bandages will develop further as the diagnosed cases of diabetes increase, thereby increasing the condition of diabetic foot ulcers. Sports injuries occur because of several physical activities. Such injuries may range from slight, such as strains and sprains, to more serious wounds, including fractures and dislocations. For instance, Johns Hopkins Medicine statistics show that in 2023, there will be approximately 30 million children and adolescents actively participating in professional sports in the US. More than 3.5 million of those have injuries that keep them out of action. Almost one-third of all general injuries to young people are sports-related. These are the two most common: sprains and strains. There were more than 775,000 kids under the age of 14 who received medical care in hospital emergency rooms during any given year for injuries sustained from sports. The most common injuries suffered in unofficial or chaotic sporting activities were from collisions, overexertion, falls, and being struck by objects. Medical bandages and tapes should be used to treat, recover, and prevent these conditions. Ankle taping is one of the most common treatments for prevention done by a taping treatment among athletes, as it has the reinforcement effect for vulnerable muscles and joints.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Surgical and Trauma Wounds
Fastest Growth
Sports Injuries
Growth Rate
3.52% CAGR
Global Medical Tapes and Bandages Market ($ Bn)
Country Share for North America Region (%)
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Medical Tapes and Bandages Market Segmental Analysis
Global Medical Tapes and Bandages Market is segmented by Product, Application, End User, and region. Based on Product, the market is segmented into Bandages, Medical Tapes. Based on Application, the market is segmented into Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment, Burn Injury Treatment, Other Applications. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers, Clinics, Home Care Settings, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
The medical bandages segment consisted of the highest market share in terms of products at 57.59% during the year 2023. The primary uses of bandages include wound dressings, sports injuries, and supporting splints and fractures. Limiting the mobility of the body components allows bandages to be used in post-operative cases for maintaining the general compression of the structure of the body. Bandages can be made up of different types of materials such as plastic, fabrics, synthetic products, and elastics. Support is achieved by attaching elastic framework or adhesive to the bandages. The portion is subdivided into orthopedic bandages, muslin bandage rolls, triangle bandages, elastic plaster bandages, etc.
However, the medical tapes segment is expected to grow at the highest CAGR during 2024-2030. The most of medical tapes used come in the form of dressing of wounds, open and closed. The vast consumption of medical tapes and increasing awareness regarding the use of medical adhesive products in sports injuries are the factors contributing to the growth of the market. Many of these solutions also come with different benefits, and for instance, silicone-based tapes have appealing texture and enable continuous sticking which is predicted to hasten the growth of the market. Under the category of medical tapes, there are further various subcategories, such as plastic tape, paper tape, fabric tape, and others. Other types of tapes also include rubber, silicone, and acrylic tapes. In February 2023, 3M showed off its new medical adhesive, 3M Medical Tape 4578. The tape can be applied to the skin for up to 28 days and makes it possible for a variety of sensors to work in conjunction with each other in building long-lasting wearables and health monitoring.
Analysis by Application
In 2023, the application segment of surgical wound led the market with the highest revenue share of 57.98%. Surgical wound dressings are needed for the treatment of surgical wounds after surgery. There are various available dressings, including sterile gauze dressings, non-adherent dressings, and even more advanced wound dressings such as hydrocolloids and hydrogels. The best kind of dressing depends on the type and location of the wound. Postoperative wounds or small cuts should be sutured with adhesive tapes or bandages. These are used to promote healing of a wound as well as prevent the spread of infection. An increase in more electively and non-electively performed surgeries contributes to growth, which again impacts demand through surgical wound care products. With lots of innovations related to wound dressing materials, self-adherent bandages and antimicrobial dressings have both improved patient outcomes and comfort.
The ulcer segment is expected to drive the overall market growth throughout the forecast period at the highest CAGR. The segment is largely fueled by a large population aging curve and the growing incidence of chronic diseases, especially diabetic conditions. For instance, according to a report compiled by the National Library of Medicine and published in August 2023, there were an estimated cases of 9.1 to 26.1 million diabetic foot ulcers around the world annually. It is estimated that 15% to 25% of those with type 2 diabetes are at increased risk for developing diabetic foot ulcers over the course of a lifetime. As the prevalence of diabetes rises throughout the world, diabetic foot ulcers also will be more common. Diabetic foot ulcers can occur at any age; however, they are much more common in patients over the age of 45 who have type 2 diabetes. Among these groups, Native Americans, African Americans, and Latinos are the majority of those who are diagnosed with foot ulcers in America.
Global Medical Tapes and Bandages Market By Product
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Medical Tapes and Bandages Market Regional Insights
North America had the largest market share of 45.50% in terms of market size in 2023. This massive percentage is attributed to the region's concentration of important players, high frequency of sport injuries, and road accidents. In addition, the growth in the healthcare industry favored reimbursement & regulatory policies, well-established healthcare infrastructure, and increased surgical operations along with hospital visits are expected to generate considerable potential opportunities for the regional market. In the North American regional medical tapes and bandages market, the United States accounted for the maximum share in 2023. The increasing prevalence of chronic diseases and presence of leading companies in the country are some of the major growth contributors in this market. Over the forecast period, these factors would promote consumption of products and contribute to the growth of the segment.
The medical tapes and bandages market is growing because of the significant growth in spending on health care in Asia-Pacific, particularly in China and India. Due to the enormous and ever-growing population of the region, rising cases of chronic disease, and greater awareness about healthcare practices, there is a considerable demand for products related to wound care. A key part of the driving force behind the rapid expansion of the market for medical tapes and bandages is increased knowledge regarding sophisticated wound care solutions, and a shift to preventing rather than treating diseases. This trend would be expected to continue and further emphasize the value placed on accessibility and innovation in wound care solutions.
Global Medical Tapes and Bandages Market By Geography
- Largest
- Fastest
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Medical Tapes and Bandages Market Dynamics
Drivers
Increasing Healthcare Costs
- The medical tapes and bandages market is strongly driven by the increasing healthcare spending in Asia-Pacific. Advanced wound care solutions are increasingly being demanded as the public and private sectors continue to raise investments in healthcare infrastructure. Such investment increases dependency on efficient medical tapes and bandages for wound treatment, better health care outcomes, and more available medical supplies.
Increasing Rate of Chronic Illnesses
- One of the major drivers for the medical tapes and bandage market is the high prevalence of chronic illnesses such as diabetes and cardiovascular diseases. Such diseases often result in complicated and complex wound care, where the use of specialty medical tapes and bandages is a strict requirement for treatment. In addition, the demand for quality wound care products will increase with rising demographics and the increase in lifestyle diseases, further growing in the market.
Restraints
Costly High-Tech Wound Care Products
- Advanced wound care products are predicted to have substantial restraint on medical tapes and bandages demand due to its high cost. Even though it is more effective and provides better service, the expensive nature might make them inaccessible by some, particularly in less developed nations. Patients and other health care institutions tend to opt for low-cost substitutes. This may limit the adoption of advanced technologies and, in turn, restrict further market expansion.
Strict Legal Regulations
- Strict regulatory environments in respect of product release and safety standards enter as a barrier in the medical tapes and bandages market. For manufacturers, it would be cost- and time-intensive to meet regulations, and the launching of new products to the market would be long delayed. Additional international standards may further make it difficult for new companies to gain access, thereby reducing competition and changing the marketplace dynamics.
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Medical Tapes and Bandages Market Competitive Landscape
The medical tapes and bandages market is highly competitive with established industry players and fresh entrants . They continue their strategic activities such as mergers, acquisitions, and partnerships to maintain their edge in competition. Regional producers and niche businesses are emerging in the market and offering niche products to add to the diversity of the industry. Technological advancements, particularly with regard to adhesive technologies and material breakthroughs, only add fuel to competition.
Top Player’s Company Profiles
- McKesson Corporation (US)
- 3M Company (US)
- Integra LifeSciences Holding Corporation (US)
- Johnson & Johnson (US)
- Smith & Nephew Plc (UK)
- Medline Industries, Inc. (US)
- B. Braun Melsungen AG (Germany)
- Cardinal Health, Inc. (US)
- Paul Hartmann AG (Germany)
- Beiersdorf AG (Germany)
- Nitto Denko Corporation (Japan)
- Essity (Sweden)
- Molnlycke Healthcare (Sweden)
- Coloplast A/S (Denmark)
- Nichiban Co. Ltd. (Japan)
- Lohmann & Rauscher International GmbH & Co. KG (Germany)
- Urgo Medical (France)
- Milliken Healthcare (US)
- Dynarex Corporation (US)
- Winner Medical Group, Inc. (China)
Recent Developments
- January 2023: H.B. Fuller recently introduced its biocompatible product, Swift Melt 1515-I and marked the company's entry to the IMEA (India, Middle East and Africa) region. Developing this innovative new product for specific medical tape applications involved the company responding to the unique demands of sticking to skin in the challenging climate of the Indian subcontinent.
- May 2023: CURAD Naturals are new, adhesive bandages of mixed natural products that are supposed to aid mildly and effectively heal and preserve wounds. This product was recently launched by the CURAD brand of Medline.
- October 2022: Selic Corp Public Company Ltd. announced that it acquired the Neoplast and Neobun trademarks from 3M, and several other Thai and other Southeast Asian country properties. The sale includes the Ladlumkaew factory, which produces in Thailand. Selic is an innovative business, developing bonding solutions for a great deal of industries.
Medical Tapes and Bandages Key Market Trends
- Shift to Preventive Medical Care: An important market trend related to demand for medical tapes and bandages is the shift towards preventative healthcare. Today, patients and healthcare professionals emphasize early intervention in wound treatment to be of utmost importance. Thus, the market demand for such medical tapes and bandages that are useful for promoting healing and preventing infections rose in accordance with the trend, while technologically advanced products for wound care also gained wider awareness.
- Smart Integration of Technology: Another significant trend in this market is the infusion of smart technology into bandages and medical tapes. New products with sensors to report on wound status are gaining popularity. Such smart approaches provide a much more person-centered therapy in the form of real-time information regarding the danger of infection and healing pace. Smart medical tapes and bandages are predicted to be in even greater demand in the light of further changes in healthcare that will increasingly align with the evolving technologies-another motive force for market growth.
Medical Tapes and Bandages Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the rising prevalence of chronic diseases and the growing healthcare spend will increase demand for medical tapes and bandages substantially. With growing concerns about preventive health care and increasing smart technology integration into solutions, it is driving demand for advanced wound care solutions. However, restrictions such as high costs and onerous regulatory structure might impact the market dynamics. Manufacturers must focus on innovation, cost, and regulatory compliance to stay competitive. The market offers several prospects for development and expansion as knowledge of effective wound care increases, eventually leading to better patient outcomes in Asia-Pacific, among others.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.40 billion |
| Market size value in 2031 | USD 10.72 billion |
| Growth Rate | 4.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Tapes and Bandages Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Tapes and Bandages Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Tapes and Bandages Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Tapes and Bandages Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Tapes and Bandages Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Tapes and Bandages Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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