Medical Tapes and Bandages Market

SKU: DMMDP2036 | Last Updated On: Oct 07 2022 | Available Formats

>Medical Tapes and Bandages Market is Expected to reach at a CAGR of 3.4% by 2029|

Medical Tapes and Bandages Market is segmented By Product Type (Medical Tapes (Fabric Tape, Paper Tape, Plastic Tape, Other Tapes), Medical Bandages (Gauze Bandage, Adhesive Bandage, Cohesive and Elastic Bandage, Other Bandages)), By Application (Surgical Wounds, Traumatic and Laceration Wounds, Burns, Ulcers, Other Wounds), By End-User (Hospitals, Ambulatory Surgical Centers, Clinics, Others ), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

Medical Tapes and Bandages Market size was valued at US$ 8,260 million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 3.4% during the forecast period (2022-2029).     

Medical Tapes and Bandages Market

Metrics

Details

Market CAGR

3.4%

Segments Covered

By Product Type, By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 To Get a Free Sample Click here

Medical tapes are pressure-sensitive tapes used in supporting the bandage or other wound dressings. Medical bandages are cotton gauge cloths used for supporting medical devices like surgical dressings or splints. Medical tapes and bandages are used to maintain the moisture at the site of dressing, promote wound healing, and provide mechanical & bacterial protection to the wound.

Market Dynamics

The major driving forces are the expansion and emergence of the wound care management sector, increase in geriatric population, healthcare expenditure, and increasing incidence of chronic wounds, the prevalence of accidents and trauma cases, growing number of surgeries, healthcare awareness, and limited application of traditional wound dressings.

The increasing number of healthcare-acquired infections (HAIs) is driving is expected to drive the market growth     

The increasing number of Healthcare Acquired Infections (HAIs) is driving manufacturers and hospitals to seek newer methods for reducing infection. For instance, in American hospitals alone, the CDC has reported that HAIs account for about 1.7 million infections and 99,000 deaths every year. Of these infections, 32 % of all healthcare-acquired infections are urinary tract infections, 22 % are surgical site infections, 15 % are pneumonia (lung infections), and 14 % are bloodstream infections. Hence, the use of medical tapes is increasing that can help decrease the incidence of infections. Major players are mainly focusing on strengthening their medical bandages and tape product portfolio. Hence, companies are launching new products with unique features for specific purposes.

The prevalence of accidents and trauma cases is expected to boost the market. For instance, according to WHO, approximately 1.35 million people die each year as a result of road traffic crashes. Road injuries are the leading cause of death for children and young adults aged 5-29 years. As per The American Association for the Surgery of Trauma, Over 3 million non-fatal injuries and over 150,000 fatal injuries occur annually in the United States due to injury. Each year, injuries cause more than 5 million fatalities globally. Many more millions are hurt. Injury-causing incidents do not happen at random or without warning. By becoming more knowledgeable about the causes of injury and putting the right injury prevention measures into place, damage can be avoided, and many lives can be saved. Many of these tactics, like seat belts and helmets, are well-known, simple to find, and reasonably priced. Thus, the growing number of road injuries is driving the market.

The rising awareness about advanced wound care products will hamper the growth of the market  

However, the rising awareness about advanced wound care products, government regulations related to the safety and efficacy of medical tapes and bandages, and the lack of proper guidelines on using medical tapes and bandages are expected to hinder market growth. For instance, Healogics, Inc., has sponsored the 6th annual Wound Care Awareness Week from June 3, 2019, to June 7, 2019. Throughout this week, Healogics team members worked together to shed light on chronic wounds and brought awareness to the advanced wound care options available.

Segment Analysis

The medical bandages are expected to grow at the fastest CAGR during the forecast period (2022-2029)          

Medical Bandages are expected to emerge as one of the top-selling products in the global medical tapes and bandages market. This is owing to the recent US FDA approvals and new product development of bandages by universities and healthcare organizations, the rising number of surgical procedures, and rising medical conditions. The Loyola University Health System reported that SSIs are the most common and costly of all hospital-acquired infections, accounting for 20 % of all hospital-acquired infections. They occur in an estimated 2 % - 5 % of patients undergoing inpatient surgery. The estimated annual incidence of SSIs in the US ranges from 160,000 to 300,000, and the estimated yearly cost ranges from $3.5 billion to $10 billion. On average, a surgical site infection increases the hospital’s length of stay by 9.7 days. Thus, the increasing incidence of surgical site infections, leading to increased use of medical tapes and bandages is driving the market.

Geographical Analysis

North America region holds the largest market share of the global medical tapes and bandages market

North America dominates the market for insulin pens and is expected to show a similar trend over the forecast period owing to the dominance of a large number of medical tapes and bandage manufacturers and an increase in chronic wounds across the region. According to NCBI, the US government anticipates that over 55 million seniors will be in the country by 2020, indicating that chronic wounds will continue to be a persistent issue in this demographic. According to estimates, chronic wounds affect 2% of the population in the United States overall.

Nearly 2.5% of the US population has chronic wounds that affect their quality of life and how they are managed. Thus, these factors are driving the growth of the market in the forecast period.

Competitive Landscape

The medical tapes and bandages market is a moderately competitive presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market are 3M Healthcare, Johnson & Johnson, Smith & Nephew plc, Cardinal Health, Inc., Medline Industries, Inc., Paul Hartmann Pty Limited, Derma Sciences Inc., BSN Medical, Dynarex Corporation, and Lohmann & Rauscher among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the medical tapes and bandages market globally. For instance, in April 2021, the distribution rights for the wound care technology Sorbact in Australia and New Zealand were transferred to Essity due to Bayport Brands' acquisition of Essity. This will help the wound care market grow even faster.

3M Healthcare

Overview:

3M Health Care Ltd. delivers medical products and services. The Company makes devices, equipment, and surgical tools for veterinary, drug delivery, dentistry, orthodontics, diagnostics, skin, and wound care. 3M offers services in food safety and infection prevention, as well as allocates medical products internationally.     

Product Portfolio:

3M™ Medical Foam Tape 9776, Single-Sided Polyethylene, 72# Liner, Configurable: This single-sided medical tape on a roll (9776) consists of a secure cell, tan polyethylene foam, coated with a pressure-sensitive acrylic adhesive. The liner is a silicone-treated, polyethylene-coated, bleached Kraft paper, single side only. The tape is threaded with the liner on the interior of the roll.

The global medical tapes and bandages market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages.  

Frequently Asked Questions

What is the Projected CAGR value of the Medical Tapes and Bandages Market?

Medical Tapes and Bandages Market is expected to grow at a CAGR of 3.4% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Medical Tapes and Bandages Market during 2022-2029

Which is the fastest growing region in the Medical Tapes and Bandages Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

Trending Topics

Medical Waste Management Market

Medical Supplies And Equipments Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest