Medical Tapes and Bandages Market
Global Medical Tapes and Bandages Market Size, Share & Trends Analysis Report by Product (Medical Bandage, and Medical Tapes) by Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, and Others) by End-User (Hospitals & Clinics, ASC, and Others) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global medical tapes and bandages market is anticipated to grow at a modest CAGR of around 4.1% during the forecast period. Medical tape is utilized as a part of the solution and emergency treatment to hold a wrap or other dressing onto an injury. These tapes are used for securing gauze in place for cuts or burns. The rapid growth in the aging population which increases the possibilities of infections and the rising incidence of chronic wounds and ulcers are the factors creating the high demand for medical taps and bandages. Additionally, the increase in several accidental and normal surgeries is also driving the growth of the market. The increasing incidence of diabetes is also the factor due to which the demand for medicals taps and bandages is increased. According to the International Diabetes Federation statistics, in 2019, there were 463 million diabetic patients globally, which is further anticipated to reach nearly 578 million by 2030. These products are used for diabetic foot ulcer treatments, which is one of the most common chronic wounds. Thus, the use of these products in ulcer treatment will drive their demand and market value. That will further be expected to drive the market growth.
However, alternative wound healing products in the market and lack of awareness among patients regarding wound infections and the use of medical taps and bandages are restraining the market growth. Moreover, the new product launches by major companies in the market are expected to offer lucrative opportunities during the forecast period. In addition, halt in transportation and other services has also impacted the number of patients visits in hospitals and clinics hence market has registered declination.
Impact of COVID-19 on Global Medical Tapes and Bandages Market
The global medical tapes and bandages market is hardly hit by the outbreak of the COVID-19 pandemic. To curb the spreading of the virus, the lockdown was imposed by the governments globally. Due to this, most of the surgeries and wound care treatments were canceled or postponed. Moreover, medical providers have also experienced a decline in revenue.
Segmental Outlook
The global medical tapes and bandages market is analyzed based on products, applications, and end-user. On the basis of products, the market is classified into two main categories which include medical tapes and medical bandages. Medical bandages have several types such as gauge bandage, adhesive bandage, cohesive and elastic bandage, and others. Similarly, medical tapes have various types such as fabric tapes, paper tapes, plastic tapes, and other tapes. Among these. Medical bandages held the largest share in the market, and it is expected to grow at significant CAGR during the forecast period owing to their major use in various post-surgery treatments and injuries. Based on application, the market is categorized into surgical wound treatment, traumatic wound treatment, ulcer treatment, sports injury treatment, burn injury treatment, and other applications. Whereas based on end-users, the market is segregated into hospitals, clinics, ambulatory surgery centers, and home care settings.
Global Medical Tapes and Bandages Market Share by Application, 2020 (%)
The Surgical Wound Segment Holds the Significant Share in Global Medical Tapes and Bandages Market
Among the application of medical taps and bandages, the surgical segment held the largest share in the market, and it is anticipated to witness considerable growth during the forecast period. Medical taps and bandages are the important dressing products used in the treatments after the surgeries to protect the wounds from external infection and helps in healing. The increasing number of surgeries and rising incidence of chronic wounds such a diabetic foot ulcer, trauma, burns, among others globally are significantly creating the demand for medical taps and bandages. According to the WHO, an estimated 180 000 deaths every year are caused by burns – the vast majority occur in low- and middle-income countries. Moreover, as per The American Association for the Surgery of Trauma, in the US, traumatic brain injury accounts for over 150,000 mortalities and over 3 million non-fatal injuries per year. This ratio of chronic wounds and injuries led to the growth of the medical tapes and bandages market.
Regional Outlook
Geographically, the global medical tapes and bandages market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is anticipated to exhibit the fastest growth rate during the forecast period. Major economies such as China, India, and Japan are contributing to the growth of the market in the region owing to the increasing medical tourism in these economies. The presence of a large population pool influenced by diabetes and the increasing number of human-burn cases further gives a boost to the regional growth of the market.
Global Medical tapes and bandages Market Growth, By Region 2021-2027
North America is Projected to Dominate the Global Medical Tapes and Bandages Market
Geographically, North America dominated the market by accounting largest share in the global medical tapes and bandages market, and it is anticipated to grow at a significant CAGR during the forecast period. The market growth in the region is mainly attributed to the increasing road accidents, increasing prevalence of diabetic foot ulcers, and increasing geriatric population coupled with several infections. In addition, the regional growth is also driven by the development of healthcare infrastructure and the presence of adequate skilled professionals. In 2018, as per the report of the Organization for Economic Co-operation and Development (OECD), the region has spent around 18% of the country’s GDP on its healthcare infrastructure. Hence all these factors are expected to boost the market growth.
Market Players Outlook
The key players in the medical tapes and bandages market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include 3M Co., B. Braun Melsungen AG, Cardinal Health, Inc., Johnson & Johnson, Services Inc., Medline Industries, Inc., Smith & Nephew plc, among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical tapes and bandages market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Medical Tapes and Bandages Industry
• Recovery Scenario of Global Medical Tapes and Bandages Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Medical Tapes and Bandages Market, By Product
5.1.1. Medical Bandage
5.1.1.1. Gauge Bandage
5.1.1.2. Adhesive Bandage
5.1.1.3. Cohesive and Elastic Bandage
5.1.1.4. Other Medical Bandage
5.1.2. Medical Tapes
5.1.2.1. Fabric Tapes
5.1.2.2. Paper Tapes
5.1.2.3. Plastic Tapes
5.1.2.4. Other Tapes
5.2. Global Medical Tapes and Bandages Market, By Application
5.2.1. Surgical Wound Treatment
5.2.2. Traumatic Wound Treatment
5.2.3. Foot Ulcer Treatment
5.2.4. Sports Injury Treatment
5.2.5. Burn Injury Treatment
5.2.6. Other Application
5.3. Global Medical Tapes and Bandages Market, By End-User
5.3.1. Hospitals & Clinic
5.3.2. Ambulatory Surgery Center (ASC)
5.3.3. Home Care Setting
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East& Africa
7. Company Profiles
7.1. 3M Co.
7.2. Andover Healthcare Inc.
7.3. ASO, LLC
7.4. Avcor Healthcare Products Inc.
7.5. B. Braun Melsungen AG
7.6. Beiersdorf AG
7.7. BSN Medical GmbH
7.8. Cardinal Health, Inc.
7.9. Derma Sciences, Inc.
7.10. Hollister, Inc.
7.11. Johnson & Johnson, Services Inc.
7.12. Karl Otto Braun GmbH & Co. Kg.
7.13. Libatape Pharmaceutical Co., Ltd.
7.14. McKesson Medical-Surgical Inc.
7.15. Medline Industries, Inc.
7.16. Molnlycke Health Care AB
7.17. NICHIBAN Co., Ltd.
7.18. Nitto Denko Corporation
7.19. Paul Hartmann AG
7.20. SeyitlerKimya San. A.S.
7.21. Smith & Nephew PLC
1. GLOBAL MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
2. GLOBAL MEDICAL BANDAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL MEDICAL BANDAGE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
4. GLOBAL MEDICAL TAPES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL MEDICAL TAPES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
6. GLOBAL MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
7. GLOBAL MEDICAL TAPES AND BANDAGES MARKET FOR SURGICAL WOUND TREATMENT RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL MEDICAL TAPES AND BANDAGES FOR TRAUMATIC WOUND TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL CARDIAC CT SCAN FOR MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL MEDICAL TAPES AND BANDAGES FOR ULCER TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL MEDICAL TAPES AND BANDAGES FOR SPORTS INJURY TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MEDICAL TAPES AND BANDAGES FOR BURN INJURY TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL MEDICAL TAPES AND BANDAGES FOR OTHERS TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
15. GLOBAL MEDICAL TAPES AND BANDAGES IN HOSPITALS & CLINIC MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL MEDICAL TAPES AND BANDAGES IN AMBULATORY SURGERY CENTER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL MEDICAL TAPES AND BANDAGES IN HOME CARE SETTING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY,2020-2027 ($ MILLION)
19. NORTH AMERICAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BYPRODUCT,2020-2027 ($ MILLION)
20. NORTH AMERICAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY BY APPLICATION, 2020-2027 ($ MILLION)
21. NORTH AMERICAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY BYEND-USER, 2020-2027 ($ MILLION)
22. EUROPEAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. EUROPEAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BYPRODUCT,2020-2027 ($ MILLION)
24. EUROPEAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. EUROPEAN MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION
26. ASIA-PACIFIC MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION,2020-2027 ($ MILLION)
29. ASIA-PACIFIC MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
30. REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
32. REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION,2020-2027 ($ MILLION)
33. REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MEDICAL TAPES AND BANDAGES MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MEDICAL TAPES AND BANDAGES MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL MEDICAL TAPES AND BANDAGES MARKET, 2020-2027 (%)
4. GLOBAL MEDICAL TAPES AND BANDAGES MARKET SHARE BYPRODUCT,2020 VS 2027 (%)
5. GLOBAL MEDICAL TAPES AND BANDAGES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL MEDICAL TAPES AND BANDAGES MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL MEDICAL TAPES AND BANDAGES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL MEDICAL BANDAGE MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MEDICAL BANDAGE MARKET SHARE BY TYPE, 2020-2027 ($ MILLION)
10. GLOBAL MEDICAL TAPES MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL MEDICAL TAPES MARKET SHARE BY TYPE, 2020-2027 ($ MILLION)
12. GLOBAL MEDICAL TAPES AND BANDAGES MARKET FOR SURGICAL WOUND TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL MEDICAL TAPES AND BANDAGES FOR TRAUMATIC WOUND TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MEDICAL TAPES AND BANDAGES FOR ULCER TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL MEDICAL TAPES AND BANDAGES FOR SPORTS INJURY TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL MEDICAL TAPES AND BANDAGES FOR BURN INJURY TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL MEDICAL TAPES AND BANDAGES FOR OTHERS TREATMENT MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL MEDICAL TAPES AND BANDAGES IN HOSPITALS & CLINIC MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL MEDICAL TAPES AND BANDAGES IN AMBULATORY SURGERY CENTER MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL MEDICAL TAPES AND BANDAGES IN HOME CARE SETTING MARKET SHARE BY REGION, 2020-2027 ($ MILLION)
21. US MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
22. CANADA MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
23. UK MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
25. GERMANY MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
27. SPAIN MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF EUROPE MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
30. CHINA MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
31. JAPAN MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
32. SOUTH KOREA MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF ASIA-PACIFIC MEDICAL TAPES AND BANDAGES MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET SIZE, 2021-2027($ MILLION
