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
Description
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?
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?
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2. Research Methodology
- 2.11 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data End User
- 3. Executive Summary
- 4. Global Medical Tapes & Bandages Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Challenges
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5. Global Medical Tapes & Bandages Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Medical Tapes & Bandages Market Share Analysis, By Product Type
- 5.3 Global Medical Tapes & Bandages Market Size and Forecast, By Product Type
- 5.3.1 Medical Bandages
- 5.3.2 Medical Tapes
- 6. Global Medical Tapes & Bandages Market, By End User
- 6.1 Y-o-Y Growth Comparison, By End User
- 6.2 Global Medical Tapes & Bandages Market Share Analysis, By End User
- 6.3 Global Medical Tapes & Bandages Market Size and Forecast, By End User
- 6.3.1 Clinics
- 6.3.2 Hospitals
- 6.3.3 Ambulatory Surgery Centers
- 6.3.4 Home Care Settings
- 7. Global Medical Tapes & Bandages Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Medical Tapes & Bandages Market Share Analysis, By Application
- 7.3 Global Medical Tapes & Bandages Market Size and Forecast, By Application
- 7.3.1 Surgical Wound Treatment
- 7.3.2 Traumatic Wound Treatment
- 7.3.3 Ulcer Treatment
- 7.3.4 Sports Injury Treatment
- 7.3.5 Burn Injury Treatment
- 7.3.6 Other Applications
- 8. Global Medical Tapes & Bandages Market, By Region
- 8.1 Global Medical Tapes & Bandages Market Share Analysis, By Region
- 8.2 Global Medical Tapes & Bandages Market Size and Forecast, By Region
- 8.2 Global Medical Tapes & Bandages Market Size and Forecast, By Region
- 9. North America Medical Tapes & Bandages Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Medical Tapes & Bandages Market Share Analysis, By Product Type
- 9.3 North America Medical Tapes & Bandages Market Size and Forecast, By End User
- 9.4 North America Medical Tapes & Bandages Market Size and Forecast, By Application
- 9.5 North America Medical Tapes & Bandages Market Size and Forecast, By Country
- 9.5.1 US
- 9.5.2 Canada
- 9.5.3 Mexico
- 10. Europe Medical Tapes & Bandages Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Medical Tapes & Bandages Market Share Analysis, By Product Type
- 10.3 Europe Medical Tapes & Bandages Market Size and Forecast, By End User
- 10.4 Europe Medical Tapes & Bandages Market Size and Forecast, By Application
- 10.5 Europe Medical Tapes & Bandages Market Size and Forecast, By Country
- 10.5.1 UK
- 10.5.2 Germany
- 10.5.3 France
- 10.5.4 Rest of Europe
- 11. Asia Pacific Medical Tapes & Bandages Market Analysis and Forecast (2022-2027)
- 11.1¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬ Introduction
- 11.2 Asia Pacific Medical Tapes & Bandages Market Share Analysis, By Product Type
- 11.3 Asia Pacific Medical Tapes & Bandages Market Size and Forecast, By End User
- 11.4 Asia Pacific Medical Tapes & Bandages Market Size and Forecast, By Application
- 11.5 Asia Pacific Medical Tapes & Bandages Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 India
- 11.5.3 Japan
- 11.5.4 South Korea
- 11.2.5 Rest of Asia Pacific
- 12 Latin America Medical Tapes & Bandages Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Medical Tapes & Bandages Market Share Analysis, By Product Type
- 12.3 Latin America Medical Tapes & Bandages Market Size and Forecast, By End User
- 12.4 Latin America Medical Tapes & Bandages Market Size and Forecast, By Application
- 12.5 Latin America Medical Tapes & Bandages Market Size and Forecast, Country
- 12.5.1. Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Medical Tapes & Bandages Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Medical Tapes & Bandages Market Share Analysis, By Product Type
- 12.3 Middle East Medical Tapes & Bandages Market Size and Forecast, By End User
- 13.4 Middle East Medical Tapes & Bandages Market Size and Forecast, By Application
- 13.5 Middle East Medical Tapes & Bandages Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14. Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15. Company Profiles
- 15.1 3M
- 15.1. Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Medtronic
- 15.2.1. Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Derma Sciences Inc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4. Johnson & Johnson
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. Smith & Nephew PLC
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. B. Braun Melsungen AG
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Molnlycke Healthcare Inc.
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
Pricing
Currency Rates
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