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

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.