Medical Tapes and Bandages Market Analysis And Forecast To 2031: By Product (Bandages, Medical Tapes), By Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment, Burn Injury Treatment), By End-user (Hosp

Medical Tapes and Bandages Market Analysis And Forecast To 2031: By Product (Bandages, Medical Tapes), By Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment, Burn Injury Treatment), By End-user (Hospitals, Ambulatory Surgery Centers, Clinics, Home Care Settings) And Region

The global medical tapes and bandages market was valued at USD 7.4billion in 2021 and it is anticipated to grow up to USD 11.4 billion by 2031, at a CAGR of 4.5% during the forecast period.

Medical tapes are the pressure sensitive adhesive tapes used for supporting bandage or other wound dressings. Medical bandages are a cotton gauge cloth beneficial for supporting medical devices such as surgical dressing or splint. Medical tapes and bandages are used to maintain moisture at site of dressing, promote wound healing and provide mechanical & bacterial protection to the wound.

Global Medical Tapes and Bandages Market Scope and Report Structure

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Market Trends and Drivers

Growing prevalence of diseases and conditions affecting wound healing capabilities this will increased the demand for medical tapes and bandages thereby, augment the market growth. Chronic wounds mainly include wound such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. A diabetic foot ulcer is a major complication of diabetes. As diabetes slows down the healing process, all types of ulcers, other chronic and acute wounds, even minor cuts, take time to heal, prolonging treatment type, which in turn increases consumption of medical tapes and bandages used for dressings and re-dressings. In addition, due to prolonged healing time, in some cases, even minor cuts turn into chronic wounds, further increasing the demand for dressings. For instance, according to the International Diabetes Federation (IDF), the global diabetic cases will increase from 415.0 million in 2015 to 642.0 million by 2040. Similarly, as per the CDC estimates that one in three American adults will have diabetes by 2050.

Market Restraints and Challenges

Rising awareness about advanced wound care products may restrain the market growth. Advanced wound care accelerates the healing process for many chronic wounds by providing and promoting a moist environment. As basic/traditional wound care products take a large amount of time for healing of wounds and are less effective in certain types of wounds, advanced wound care products are being used as first-line therapy wherever infection control and healing speed are major concerns. Considering their effectiveness, coupled with the limitations of basic/traditional wound dressings, advanced and active wound care products are expected to cannibalize the market for medical bandages and tapes in the coming years.

Global Medical Tapes and Bandages Market Segmental Overview

The report analyses the global medical tapes and bandages market based on product, application, end-user, and region.

Global Medical Tapes and Bandages Market by Product

Based on product, it is segmented into bandages, and medical tapes. Among these, the medical bandages segment captured the largest market share in 2021. Bandages are majorly used for wound dressings, supporting fractures & splints, and sports injuries. In cases of post-operation, the bandages are used to keep the overall body structure compressed by restricting the movement of the body parts. Bandages are generally made up of a wide variety of materials, such as plastic, cloth, synthetic, or elastic. The bandages have an adhesive attached or an elastic structure to act as their support system. The bandage segment is fragmented into the triangular bandage, elastic bandage, muslin bandage rolls, elastic plaster bandage, orthopedic bandage, and others

Global Medical Tapes and Bandages Market by Application

Based on application, it is segmented into surgical wound treatment, traumatic wound treatment, ulcer treatment, sports injury treatment, burn injury treatment, and others. Among them, surgical wound segment is expected to experience the fastest growth rate during the forecast period. The rising number of surgical site infections (SSI) is one of the major driving factors for the segment growth. Surgical wounds majorly occur due to SSI. As per the Journal of Patient Safety & Infection Control of 2019, estimates for SSIs in India are significantly high ranging from 23.0% to 38.0% in comparison with the global estimates, ranging from 0.5% to 15%. Furthermore, the rising incidence of trauma across the globe also contributes to the segment growth. For instance, as per the World Health Organization (WHO) in 2019, around 9.0% of global mortality occurs due to trauma every year. Hence, considerable segment growth is anticipated during the forecast period.

Global Medical Tapes and Bandages Market End-user

Based on end--user, it is segmented into hospitals, ambulatory surgery centers, clinics, home care settings, and others. Hospital segment is anticipated to witness the fastest CAGR over the forecast period. The hospital segment dominated the market with a share of 27.87% in 2021. Surgical wound care and bone fracture dressings are primarily intended for use in hospitals and are not suitable for home usage. The segment is being driven by an increase in the number of surgical wounds as a result of the increasing number of surgeries. The treatment of a surgical site infection necessitates a lengthy hospital stay and close monitoring. Furthermore, the rising prevalence of diabetic foot ulcers and venous leg ulcers is expected to fuel the market, since medical tapes and bandages are commonly employed in such situations. As a result, such variables may boost segment growth during the predicted period.

Geographical Analysis of Global Medical Tapes and Bandages Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the medical tapes and bandages market with the highest share in 2021. Increasing sports injuries, road accidents, and the presence of several key players in the region are anticipated to drive the market growth. In addition, an increase in the number of surgical procedures/hospital visits, a well-established healthcare infrastructure, and favorable reimbursement & regulatory rules in the healthcare industry are expected to present significant regional growth opportunities in the market. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6 trillion by 2027. In addition, high disposable income in developed economies & skilled professionals is some factors responsible for the large share of the market of the region.

Major Players in the Global Medical Tapes and Bandages Market

COVID-19 Impact

Thus, the COVID-19 pandemic has shown a positive impact on the market growth owing to its increased demand for critical care capacity and to support hospitals in the fight against COVID-19. Furthermore, according to the National Library of Medicine in September 2020, a barrier enclosure has been proposed for use during intubations where there is a substantial risk of aerosolization. The use of noninvasive respiratory assistance is on the rise amid the COVID-19 outbreak. However, it is linked to a significant risk of aerosol formation, which can lead to illnesses among healthcare workers (HCWs). As a result, vacuum suction tubing was hooked to the wall mount, and the other end of the tubing was taped to the inside of the barrier enclosure's roof with adhesive surgical tape. Thus, these adhesive surgical tapes offer protection against COVID-19-related illnesses in healthcare settings, which is expected to drive market growth. Due to the COVID-19 pandemic in 2020, sales of medical tapes and bandages increased significantly across the globe.

Recent Developments

• In April 2022, 3M Nexcare Duo bandages recognized as a Product of the year award winner.
• 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.
• In April 2020, Medline Industries partnered with Yale New Haven for the exclusive supply of medical supplies along with supply chain and logistics solutions.
• In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.
• In April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of speeding up the development of its medical bandages and tapes product line, thus boosting its client base and market reach. Additionally, key players are invest

Frequently Asked QuestionsQ1. How big is the medical tapes and bandages market market?Ans. The global medical tapes and bandages market size was USD 7.4 billion in 2021 and is anticipated to reach USD 11.4 billion in 2031, growing at a rate of 4.5% from 2022 to 2031.Q2. What is the medical tapes and bandages market growth rate?Ans. The growth rate of the medical tapes and bandages market is 4.5%.Q3. Which region holds a major market share for the medical tapes and bandages market?Ans. North America holds a major market share of the medical tapes and bandages market in 2021.Q4. Which segment accounted for the largest medical tapes and bandages market share?Ans. By end user, the hospital segment accounted for the largest medical tapes and bandages market share.Q5. Who are the key players in the medical tapes and bandages market market?Q6. What are the factors driving the medical tapes and bandages market growth?Ans. The major factors driving the growth of the market are the rising chronic diseases such as diabetes along with injuries in geriatric population.Q7. What are the key growth strategies of medical tapes and bandages market players?Ans. The key growth strategies of medical tapes and bandages market players are product launch and product approval.Q8. Which region will provide more business opportunities for the medical tapes and bandages market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the medical tapes and bandages market during the forecast period.

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