Medical Tapes And Bandages Market Analysis Report By Product, By Application, By End-use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global medical tapes and bandages market was prized by USD 8.78 billion in 2020. It is estimated to witness 6.5% CAGR from 2021 to 2028.

Drivers

The growth in the global occurrences of chronic illnesses, like cancer diabetes along with the additional autoimmune sicknesses, is stirring the market formedical tapes and bandages. The features like smoking as well as alcohol expenditure, acceptance of deskbound as well as unhealthful everyday life and antimicrobial confrontation are the factors, adding to the increase in the occurrences of non infectious illness.

The wound dressing products for example, tapes, bandages, and gauzes, in addition to medical tapes and bandages merchandises like foam, hydrogel, and alginate, assists in dealing with big injuries, considerably dropping the threat of the contamination.

Therefore, the increasing frequency of chronic sicknesses is expected to augment the demand for wound care merchandises along with the medical tapes and bandages, by this means boosting the development of the market.

Frequently, road accidents happen in low or middle income nations. Mainly, the skin alternatives and biomaterials are utilized for the curing of every category of burn wounds. Besides, gauzes as well as bandages are used for the healing of small injuries. Therefore, the increasing figure of accidents is likely to build up the demand for medical tapes and bandages. This is expected to initiate significant expansion of the market, during the forecast period.

Application Insight

The surgical wound division detained the major, 59.0% share of the medical tapes and bandages market, in 2020. It is expected to observe substantial development, during the forecast period.

The rising global cases of burns and trauma are increasing the quantity of surgical actions. Therefore, the increasing figure of the surgical treatments might add to the cases of surgical wounds, thus advancing the expansion of the segment, during the forecast period.

The ulcer section is expected to observe significant enlargement, during the forecast period. The escalating cases of chronic sicknesses, particularly diabetes, in addition to the growing elderly populace are the most important factors, steering the section.

Product Insight

In 2020, the medical bandages section detained the main, 58.3% share and dominated the medical tapes & bandages market. It is projected to observe significant enlargement during the forecast period. Mainly, the bandages are utilized for providing support to the fractures, wound covering and sports injuries.

Normally, the bandages are prepared of an extensive range of materials, for example elastic, plastic, synthetic, or cloth. The bandages contain an elastic arrangement or some bonding agent fix to it to perform like their backing structure.

Based on the product, the market has been classified into medical tapes and bandages. The medical bandages section is split into elastic plaster bandages, triangular bandages, muslin bandage rolls, orthopedic bandages, and others.

The medical tapes section is expected to observe the highest augmentation, during the forecast period. Mainly, medical tapes are utilized for dressing both chronic as well as severe wounds. The growth in the exercise of medical tapes plus increase in the alertness connected to the utilization of medicinal adhesive goods in sports injuries are the reasons, directing the section.

Besides, the product like silicone sourced tapes makes possible the stable bond and is mild to the skin, therefore supporting the expansion of the segment. The medical tapes section is additionally subdivided into plastic tape, fabric tape, paper tape, plus others. The additional tapes comprise rubber, silicone, and acrylic, tapes.

End Use Insight

In 2020, the hospitals division detained the major, 27.8% share of the medical tapes and bandages market. It is expected to observe the highest augmentation, during the forecast period. Mainly, the bone fracture dressings and surgical wound care dressings are appropriate for the hospital utilize. These are not practicable for home based care. The rising cases of surgical wounds, because of the increasing figure of surgical treatments, are powering the division.

The rising figure of clinics plus surgical treatments is the most important factors, adding to the expansion of the division, during the forecast period. Furthermore, the rising occurrences of surgical wounds are single of the most important drivers of the division.

Surgical wound bandage necessitates continuous observation, due to that demand for the clinics is rising between patients. Therefore, such issues are likely to increase the expansion of the division, throughout the forecast period.

Regional Insight

North America held 45.4% share and led the global market for medical tapes and bandages, in 2020. It is projected to observe substantial enlargement, during the forecast period. The presence of some crucial companies within the state, rising accidents on road in addition to increasing sports injuries within the state are the factors, expected to propel the market. Besides, the existence of sufficient expert specialists along with the extremely advanced healthcare infrastructure are the factors, anticipated to impel the market during the forecast period.

Asia Pacific is projected to observe the highest development during the forecast period. The existence of the nations, like Japan, China and India, is expected to increase the expansion of the market within the Asia Pacific. The speedily increasing medical tourism business within these nations can be credited to the growth in requirement for the wound dressing products, within this region.

Companies

The major companies are engaged in implementing policies like fresh product presentation, mergers & acquisitions and joint ventures to make stronger their market grip. The major players are extensively spending for the research and development activities, to invent technically sophisticated products.

Some of the companies for medical tapes and bandages market are:

• B. Braun Melsungen AG
• Cardinal Health
• Winner Medical Group, Inc.
• Urgo Medical
• 3M
• Ethicon Inc. (JOHNSON & JOHNSON)
• Smith & Nephew PLC
• Paul Hartmann AG
• 3L Medicinal Products Group
• McKesson Corporation
• Dynarex Corporation
• Beiersdorf AG
• Medtronic
• Mölnlycke Health Care AB

Report Scope 

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global medical tapes and bandages market report on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Medical Tapes
        • Fabric Tapes
            • Acetate
            • Viscose
            • Cotton
            • Silk
            • Polyester
            • Other Fabric Tapes
        • Paper Tapes
        • Plastic Tapes
            • Polypropylene
            • Other Plastic Tapes
        • Other Tapes
    • Medical Bandages
        • Muslin Bandage Rolls
        • Elastic Bandage Rolls
        • Triangular Bandages
        • Orthopedic Bandages
        • Elastic Plaster Bandages
        • Other Bandages

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Surgical Wound
    • Traumatic Wound
    • Ulcer
    • Sports Injury
    • Burn Injury
    • Other Injuries

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospitals
    • Ambulatory Surgery Centers
    • Clinics
    • Retail
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • Saudi Arabia