Global Medical Tapes & Bandages Market Size, Trends & Growth Opportunity and By Product Type (Medical Bandages and Medical Tapes), By End User (Clinics, Hospitals, Ambulatory Surgery Centers, and Home Care Settings), By Application (Surgical Wound Treatme

Global Medical Tapes & Bandages Market Size, Trends & Growth Opportunity and By Product Type (Medical Bandages and Medical Tapes), By End User (Clinics, Hospitals, Ambulatory Surgery Centers, and Home Care Settings), By Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment, Burn Injury Treatment, and Other Applications), By Region and Forecast till 2027.

Global Medical Tapes & Bandages Market

The Global Medical Tapes & Bandages Market is expected to grow from US$ 6.4 Billion in 2021 to US$ 9.11 Billion by 2027; it is estimated to grow at a CAGR of 6.06% from 2021 to 2027.

Medical tapes are employed in both first aid and medicine to secure a bandage or other type of dressing to a wound. These tapes are made to adhere tightly to skin, clothing, and the skin's underlying layers without causing damage to the skin. They also allow air to move through and contact the skin. Cotton is used to make some elastic bandages with adhesives and breathable tapes like Kinesiology Tape. Due to the use of zinc oxide, which helps to prevent infections, surgical tape is frequently white.

Drivers: One of the main factors influencing the market's growth is the increased prevalence of chronic wound infections, which is also being accompanied by an increase in healthcare practitioners' awareness of patient safety. Intensive care and prompt dressings are necessary for a number of conditions, including ulcerative colitis (UC), diabetic foot, pressure ulcers, and diabetic foot. Additionally, the growing geriatric population is driving up the demand for surgical operations, which is driving the market's expansion. In accordance with this, the rising incidence of Hospital Acquired Infections (HAIs) around the world is also assisting the market's expansion.

Restraints: The market for medical tapes and bandages may face additional difficulties in the near future due to the mounting pricing pressure on the major competitors.

Impact of Covid-19

As a result of the increased demand for critical care capacity and to aid hospitals in the fight against COVID-19, the COVID-19 pandemic has had a beneficial effect on market growth. Additionally, a barrier enclosure has been suggested for use during intubations where there is a significant risk of aerosolization, according to the National Library of Medicine in September 2020. In light of the COVID-19 outbreak, there is an increase in the usage of noninvasive respiratory support. However, it is associated with a high risk of aerosol production, which can make healthcare personnel unwell (HCWs).

Segmentation By Product Type: Medical Tapes & Bandages Market is classified on the basis of Product Type into Medical Bandages and Medical Tapes.

Segmentation By End User: Medical Tapes & Bandages Market is classified on the basis of End User into Clinics, Hospitals, Ambulatory Surgery Centers, and Home Care Settings.

Segmentation By Application: Medical Tapes & Bandages Market is classified on the basis of Application into Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Sports Injury Treatment, Burn Injury Treatment, and Other Applications.

Segmentation By Region: Medical Tapes & Bandages Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market for medical tapes and bandages is anticipated to be dominated by North America. High patient population knowledge, an ageing population, an increase in pressure ulcer cases among the senior population, and a spike in dressing demand are the main drivers of the huge market size.

Competitive Landscape: The key players of Medical Tapes & Bandages Market are 3M, Medtronic, Derma Sciences Inc, Johnson & Johnson, Smith & Nephew PLC, B. Braun Melsungen AG, Medline Industries Inc., Paul Hartmann AG, Cardinal Health Inc., and Molnlycke Healthcare Inc.

Industrial Development

In June 2022, 3M agreed to sell Selic Corp Public Company Limited the rights to the Neoplast and Neobun brands as well as related assets in Thailand and other Southeast Asian nations, including the manufacturing equipment at its Ladlumkaew, Thailand, site (Selic). Sports and medical tapes, bandages, and medicated goods for the consumer and healthcare sectors are all part of the product ranges of Neoplast and Neobun.

The second iteration of the OLAES Modular Bandage will be introduced in April 2021 thanks to a collaboration between Tricol Biomedical and Tactical Medical Solutions. The HemCon ChitoGauze PRO and the tried-and-true OLAES Modular Bandage have been combined to form the cutting-edge convenience kit known as the OLAES Hemostatic Modular Bandage.

Market Taxonomy

By Product Type

Medical Bandages

Medical Tapes

By End User

Clinics

Hospitals

Ambulatory Surgery Centers

Home Care Settings

By Application

Surgical Wound Treatment

Traumatic Wound Treatment

Ulcer Treatment

Sports Injury Treatment

Burn Injury Treatment

Other Applications

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Medical Tapes & Bandages Market?

What will be the growth rate from 2020 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?