Medical Tapes & Bandages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Medical Tapes & Bandages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The medical tapes & bandages market is expected to register a CAGR of 4.1% over the forecast period (2022-2027).

The medical tapes & bandages market has been significantly impacted by the COVID-19 pandemic, particularly in its early stages. The disruptions in the supply chain, postponements of surgical services by hospitals and clinics, and low demand from end-user industries impacted the market negatively. For instance, as per the news published by Nova Scotia Health in April 2022, most elective and non-urgent surgeries have been delayed at the QEII Health Sciences Centre in Nova Scotia due to the hospital's growing COVID-19 patient population. This has negatively impacted the demand for medical tapes & bandages in clinical settings. Furthermore, the report titled “Wound care during the COVID-19 pandemic: improving outcomes through the integration of telemedicine” published in February 2021, stated that wound care services were misclassified as elective care and the patients were at risk of developing wound infections. Later, telemedicine improved wound care patients' outcomes as well as provided high patient satisfaction rates with the services. As a result, the demand for medical tapes & bandages is less initially but later has a significant impact on the market due to telemedicine.

The major growth drivers of the medical tapes & bandages market are the rising incidence of wound infections and increasing patient safety concerns, along with the growing burden of pressure ulcers, and diabetic foot ulcers. For instance, the study titled “Human Wound and Its Burden: Updated 2020 Compendium of Estimates” published in March 2021 stated that the incidence of foot ulcers globally is between 9.1 and 26.1 million per year. Foot ulcers are more prevalent in North America (13%) compared to Europe (5.1%) with a global average of 6.4%. Thus, with the increase in the incidence of wounds and foot ulcers, the demand for medical tapes & bandages is expected to increase which is anticipated to have a positive impact on the growth of the studied market.

Additionally, the growing burden of diabetic foot is further expected to complement the growth of the medical tapes & bandages market. For instance, as per the report titled “The current burden of diabetic foot disease” published in February 2021, the recurrence of a diabetic foot ulcer is about 40% within 1 year after ulcer healing, almost 60% within 3 years, and 65% within 5 years. Thus, the need for medical tapes & bandages is more in the proper maintenance of diabetic foot. Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow over the forecast period.

However, factors such as the high cost of advanced dressing and allergic effects of medical adhesive are expected to restrain the medical tapes & bandages market during the forecast period.

Key Market TrendsUlcer Treatment Segment is Expected to Register a High Growth Rate During the Forecast Period

The application of medical tapes and bandages in the ulcer treatment segment is expected to register significant growth as there is a high incidence of ulcers during the study period. For instance, according to the United Kingdom's National Diabetes Foot Care Report, published in April 2022, the average crude rate of hospital admissions for foot ulcers in England during 2019-2021 was 13 per 10,000 population. the crude rate is significant which can drive the growth of the study market. Also, the report titled "Overview of Major Ambulatory Surgeries Performed in Hospital-Owned Facilities, 2019" published in December 2021, stated that 11.9 million major ambulatory surgeries took place in hospital-owned facilities in 2019. As a result, there is a sizable demand for medical tapes and bandages that are expected to increase significantly throughout the course of the study period.

The incidence and prevalence of a diabetic foot ulcer (DFU) is increasing over the previous decade with an increasing prevalence of diabetes mellitus (DM). Additionally, the International Diabetes Federation Diabetes Atlas, 10th edition 2021 reported that in 2021, globally there are about 536,600,000 people with diabetes. These significant amounts of diabetic cases will have a positive impact on the diabetic foot ulcer market. Furthermore, as per the results of a research study titled “Prevalence of pressure ulcers among hospitalized adult patients in Ethiopia: a systematic review and meta-analysis” published in November 2020, the pooled prevalence of pressure ulcers in Ethiopia was 11.7% in 2019.

Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow in this segment over the forecast period of the study.

North America is Expected to Hold a Significant Share in the Market During the Forecast Period

North America is expected to hold a major market share in the medical tapes & bandages market. The primary factors behind the large market size are high awareness among the patient population, a rising geriatric population, an increasing number of cases of pressure ulcers among the geriatric population, and a surge in demand for dressings. According to the study “Prevalence, incidence, length of stay and cost of healthcare-acquired pressure ulcers in pediatric populations: A systematic review and meta-analysis” published in March 2021, the overall prevalence of pressure ulcers in 2020 in pediatric populations ranged from 0.47% to 31.2% and incidence ranged from 3.7% to 27%. Thus, the high incidences and prevalence of pressure ulcers will drive the demand for medical tapes & bandages, thus driving the market.

According to the article published by American Burn Association (ABA) in 2020, every year over 450,000 serious burn injuries occur in the United States that require medical treatment. A high incidence of burns is likely to drive the demand for medical tapes & bandages in the country, over the forecast period. Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow in the United States over the forecast period of the study.

Competitive Landscape

The medical tapes & bandages market is fragmented in nature due to the presence of several companies operating globally. The major players include 3M Company, B. Braun SE, Cardinal Health., Johnson & Johnson Services, Inc., Coloplast A/S, NITTO DENKO CORPORATION, PAUL HARTMANN AG, Smith & Nephew, Triage Meditech Pvt. Ltd, Henkel AG & Co. KGaA, BenQ Materials Corporation, and McKesson Corporation (McKesson Medical-Surgical Inc.).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.