The global medical tapes and bandages market size is anticipated to reach USD 12.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.41% from 2022 to 2030. The increasing number of road accidents, the impact of the COVID-19 outbreak, and the rising incidence of hospital-acquired infections (HAIs) are key driving factors for the market growth.
Medical Tapes And Bandages Market Report Highlights
- In terms of revenue, the medical bandages segment accounted for the largest market share of 58.20% in 2021. The increasing number of road accidents and rising incidence of healthcare-associated infections across the globe is the major factor propelling the segment growth
- The surgical wound segment dominated the market with around 58.48% of the revenue share in 2021. The swiftly rising prevalence of chronic diseases including cancer and diabetes is creating the demand for medical bandages and tapes
- The hospitals segment captured the largest market share with around 27.87% in 2021. The increasing number of hospitals in developing countries is expected to propel segment growth
- The Asia Pacific was the fastest-growing market for medical tapes and bandages with a growth rate of 4.05%, owing to the rising prevalence of chronic wounds
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Medical tapes and bandages are essential components of wound care and medical treatment. They are flexible, adhesive materials used to secure dressings, support injured body parts, immobilize limbs, provide compression, and promote healing. These products are designed to adhere to the skin while offering support, protection, and maintaining a sterile environment. Medical tapes are typically made of materials such as cloth, paper, foam, or plastic, with an adhesive backing. They come in various widths, lengths, and adhesive strengths to suit different applications. Bandages, on the other hand, are generally more specialized and are used for specific purposes. They can be elastic or non-elastic, and some may contain additional features such as padding or antimicrobial properties.
Medical tapes and bandages are used to secure wound dressings in place, ensuring they remain clean and protected. They help prevent contamination, reduce the risk of infection, and aid in the healing process. These products are employed to provide support to joints, ligaments, and muscles, promoting stability and preventing further injury. Elastic bandages, for instance, are frequently used in sports medicine to wrap sprained ankles or to compress swollen areas. In cases of fractures or sprains, medical tapes and bandages are used to secure splints or rigid supports, immobilizing the affected body part. They help maintain proper alignment, reduce pain, and aid in the healing of fractures. Following surgical procedures, medical tapes and bandages are used to secure incision sites, dressings, or surgical drains. They provide a protective barrier, prevent contamination, and support the healing process. Compression bandages are commonly used to manage conditions like lymphedema or venous disorders. They help improve circulation, reduce swelling, and promote tissue healing. Medical tapes and bandages are extensively used in athletic and sports settings to support joints, provide stability, and prevent injuries during physical activities. They are used to secure medical devices such as catheters, tubes, and electrodes in place, ensuring proper functionality and patient comfort.
The medical tapes and bandages market has witnessed a shift towards advanced wound care solutions. These include products with features like antimicrobial properties, moisture management, and improved breathability to enhance wound healing and reduce the risk of infection. Manufacturers have been exploring and utilizing innovative materials for medical tapes and bandages. These materials offer benefits such as improved conformability, increased flexibility, enhanced adhesion, and reduced skin irritation. Examples include silicone-based adhesives, hydrocolloid dressings, and nanofiber-based products. There has been a growing emphasis on enhancing patient comfort in the design of medical tapes and bandages. Manufacturers are incorporating softer materials, hypoallergenic adhesives, and features like gentle removal techniques to minimize pain and skin trauma during dressing changes. Adhesive technologies used in medical tapes and bandages have seen advancements to provide secure yet gentle adhesion. This includes the development of pressure-sensitive adhesives that maintain adhesion even in moist environments, while still allowing for easy removal without damaging the skin.
The market has seen a rise in the demand for customized medical tapes and bandages to meet specific patient needs. Manufacturers are offering tailored solutions in terms of size, shape, and adhesive properties to address individual requirements, such as pediatric patients, geriatric patients, or those with sensitive skin. There is a growing interest in integrating smart technologies into medical tapes and bandages. This includes the incorporation of sensors, indicators, or monitoring capabilities to track vital signs, detect wound conditions, or provide feedback on healing progress. With increasing awareness of environmental sustainability, the market has witnessed a focus on developing eco-friendly and biodegradable medical tapes and bandages. Manufacturers are exploring materials and manufacturing processes that minimize environmental impact and improve the overall sustainability of these products.
The worldwide healthcare industry has been faced with a severe issue as a result of the COVID-19 pandemic. The SARS-CoV-2 pandemic has raised the demand for emergency supplies, medicines, and medical equipment such as gowns, sterile adhesive tapes, disinfection, and antiseptics products. Therefore, the COVID-19 outbreak, as well as rising hospital admissions around the world, has increased the demand for medical tapes and bandages across the globe.
Moreover, personal protective equipment, such as masks, gloves, and gowns, cause skin rashes and wounds that require immediate treatment, which otherwise may lead to infection. As a result, due to the outbreak of the COVID-19 pandemic in 2020, sales of medical tapes and bandages increased significantly.
Furthermore, the key factors propelling the market growth include a high incidence of chronic disorders, technological advancements, and the rising geriatric population. Moreover, market players are adopting various strategies, such as mergers & acquisitions, and partnership to strengthen their foothold in the market.
For instance, in September 2021, Lohmann and Soest Medical Group (SMG) agreed that SMG will take over Lohmann’s reusable drape tape business. This acquisition includes drape tapes such as DuploMED 2806 and DuploMED VP6141 which are aimed at the reusable surgical drape market, as well as Lohmann’s global client base for these tapes. These characteristics are projected to generate lucrative market growth prospects.
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Medical Tapes And Bandages Market Insights By Region
North America dominated the market. 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. Asia Pacific is expected to register the fastest growth. The presence of a large patient pool and the growing need for technologically advanced & cost-efficient healthcare solutions are expected to present significant regional growth opportunities in the market. The rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for medical tapes and bandages in the Asia Pacific in the coming years.
Competitive Analysis By Major Brands
Key players are involved in adopting strategies such as mergers & acquisitions, partnerships, and launching new products to strengthen their foothold in the market. key players are investing heavily in the research and development to manufacture technologically advanced products which are expected to drive market growth. Some prominent players in the global medical tapes and bandages market include:
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- Ethicon Inc. (JOHNSON & JOHNSON)
- Medtronic
- 3M
- Beiersdorf AG
Grand View Research has segmented the global medical tapes and bandages market based on product, application, end-use, and regions.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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