Medical Tapes & Bandages Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Tapes & Bandages Market Analysis
The medical tapes & bandages market is expected to register a CAGR of 4.1% over the forecast period (2022-2027).
The medical tapes & bandages market has been significantly impacted by the COVID-19 pandemic, particularly in its early stages. The disruptions in the supply chain, postponements of surgical services by hospitals and clinics, and low demand from end-user industries impacted the market negatively. For instance, as per the news published by Nova Scotia Health in April 2022, most elective and non-urgent surgeries have been delayed at the QEII Health Sciences Centre in Nova Scotia due to the hospital's growing COVID-19 patient population. This has negatively impacted the demand for medical tapes & bandages in clinical settings. Furthermore, the report titled 'Wound care during the COVID-19 pandemic: improving outcomes through the integration of telemedicine' published in February 2021, stated that wound care services were misclassified as elective care and the patients were at risk of developing wound infections. Later, telemedicine improved wound care patients' outcomes as well as provided high patient satisfaction rates with the services. As a result, the demand for medical tapes & bandages is less initially but later has a significant impact on the market due to telemedicine.
The major growth drivers of the medical tapes & bandages market are the rising incidence of wound infections and increasing patient safety concerns, along with the growing burden of pressure ulcers, and diabetic foot ulcers. For instance, the study titled 'Human Wound and Its Burden: Updated 2020 Compendium of Estimates' published in March 2021 stated that the incidence of foot ulcers globally is between 9.1 and 26.1 million per year. Foot ulcers are more prevalent in North America (13%) compared to Europe (5.1%) with a global average of 6.4%. Thus, with the increase in the incidence of wounds and foot ulcers, the demand for medical tapes & bandages is expected to increase which is anticipated to have a positive impact on the growth of the studied market.
Additionally, the growing burden of diabetic foot is further expected to complement the growth of the medical tapes & bandages market. For instance, as per the report titled 'The current burden of diabetic foot disease' published in February 2021, the recurrence of a diabetic foot ulcer is about 40% within 1 year after ulcer healing, almost 60% within 3 years, and 65% within 5 years. Thus, the need for medical tapes & bandages is more in the proper maintenance of diabetic foot. Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow over the forecast period.
However, factors such as the high cost of advanced dressing and allergic effects of medical adhesive are expected to restrain the medical tapes & bandages market during the forecast period.
Medical Tapes & Bandages Market Trends
This section covers the major market trends shaping the Medical Tapes & Bandages Market according to our research experts:
Ulcer Treatment Segment is Expected to Register a High Growth Rate During the Forecast Period
The application of medical tapes and bandages in the ulcer treatment segment is expected to register significant growth as there is a high incidence of ulcers during the study period. For instance, according to the United Kingdom's National Diabetes Foot Care Report, published in April 2022, the average crude rate of hospital admissions for foot ulcers in England during 2019-2021 was 13 per 10,000 population. the crude rate is significant which can drive the growth of the study market. Also, the report titled "Overview of Major Ambulatory Surgeries Performed in Hospital-Owned Facilities, 2019" published in December 2021, stated that 11.9 million major ambulatory surgeries took place in hospital-owned facilities in 2019. As a result, there is a sizable demand for medical tapes and bandages that are expected to increase significantly throughout the course of the study period.
The incidence and prevalence of a diabetic foot ulcer (DFU) is increasing over the previous decade with an increasing prevalence of diabetes mellitus (DM). Additionally, the International Diabetes Federation Diabetes Atlas, 10th edition 2021 reported that in 2021, globally there are about 536,600,000 people with diabetes. These significant amounts of diabetic cases will have a positive impact on the diabetic foot ulcer market. Furthermore, as per the results of a research study titled 'Prevalence of pressure ulcers among hospitalized adult patients in Ethiopia: a systematic review and meta-analysis' published in November 2020, the pooled prevalence of pressure ulcers in Ethiopia was 11.7% in 2019.
Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow in this segment over the forecast period of the study.
North America is Expected to Hold a Significant Share in the Market During the Forecast Period
North America is expected to hold a major market share in the medical tapes & bandages market. The primary factors behind the large market size are high awareness among the patient population, a rising geriatric population, an increasing number of cases of pressure ulcers among the geriatric population, and a surge in demand for dressings. According to the study 'Prevalence, incidence, length of stay and cost of healthcare-acquired pressure ulcers in pediatric populations: A systematic review and meta-analysis' published in March 2021, the overall prevalence of pressure ulcers in 2020 in pediatric populations ranged from 0.47% to 31.2% and incidence ranged from 3.7% to 27%. Thus, the high incidences and prevalence of pressure ulcers will drive the demand for medical tapes & bandages, thus driving the market.
According to the article published by American Burn Association (ABA) in 2020, every year over 450,000 serious burn injuries occur in the United States that require medical treatment. A high incidence of burns is likely to drive the demand for medical tapes & bandages in the country, over the forecast period. Therefore, due to the above-mentioned factors, the medical tapes & bandages market is expected to grow in the United States over the forecast period of the study.
Medical Tapes & Bandages Industry Overview
The medical tapes & bandages market is fragmented in nature due to the presence of several companies operating globally. The major players include 3M Company, B. Braun SE, Cardinal Health., Johnson & Johnson Services, Inc., Coloplast A/S, NITTO DENKO CORPORATION, PAUL HARTMANN AG, Smith & Nephew, Triage Meditech Pvt. Ltd, Henkel AG & Co. KGaA, BenQ Materials Corporation, and McKesson Corporation (McKesson Medical-Surgical Inc.).
Medical Tapes & Bandages Market Leaders
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3M Company
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B. Braun SE
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Cardinal Health.
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Johnson & Johnson Services, Inc.
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Coloplast A/S
*Disclaimer: Major Players sorted in no particular order
Medical Tapes & Bandages Market News
- In June 2022, 3M entered into an agreement to sell its rights to the Neoplast and Neobun brands and related assets in Thailand and certain other Southeast Asia countries, including the manufacturing assets of its Ladlumkaew, Thailand, facility to Selic Corp Public Company Limited (Selic). Neoplast and Neobun products portfolios include sports and medical tapes, bandages, and medicated products for the consumer and health care industry.
- In April 2021, Tricol Biomedical and Tactical Medical Solutions have partnered to launch the next generation of the OLAES Modular Bandage. By combining the proven battlefield effectiveness of HemCon ChitoGauze PRO with the time-tested OLAES Modular Bandage, the two companies have created a cutting-edge convenience kit - the OLAES Hemostatic Modular Bandage.
Medical Tapes & Bandages Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence Of Wound Infection and Increasing Patient Safety Concern
4.2.2 Growing Burden of Pressure Ulcer, Diabetic Foot and Surgical Procedures
4.3 Market Restraints
4.3.1 High Cost Of Advanced Dressing
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Bandages
5.1.2 Tapes
5.2 By Application
5.2.1 Surgical Wound Treatment
5.2.2 Traumatic Wound Treatment
5.2.3 Ulcer Treatment
5.2.4 Burn Injury Treatment
5.2.5 Others
5.3 By End User
5.3.1 Clinics
5.3.2 Hospitals
5.3.3 Home Care Settings
5.3.4 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun SE
6.1.3 Cardinal Health, Inc.
6.1.4 Johnson & Johnson Services, Inc.
6.1.5 Coloplast A/S
6.1.6 NITTO DENKO CORPORATION
6.1.7 PAUL HARTMANN AG
6.1.8 Smith & Nephew
6.1.9 Triage Meditech Pvt. Ltd
6.1.10 Henkel AG & Co. KGaA
6.1.11 BenQ Materials Corporation
6.1.12 McKesson Corporation (McKesson Medical-Surgical Inc.)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Tapes & Bandages Industry Segmentation
As per the scope of the report, medical tapes and bandage refers to a strip of fabric that is used to cover a wound, hold a dressing in place, immobilize an injured part, or apply pressure. Medical tape is a type of pressure-sensitive adhesive tape that is used in medicine and first aid to hold a bandage or other dressing onto a wound. The Medical Tapes & Bandages Market is segmented by Product Type (Bandages and Tapes), Application (Surgical Wound Treatment, Traumatic Wound Treatment, Ulcer Treatment, Burn Injury Treatment, and Others), End User (Clinics, Hospitals, Home Care Settings, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product Type | |
| Bandages | |
| Tapes |
| By Application | |
| Surgical Wound Treatment | |
| Traumatic Wound Treatment | |
| Ulcer Treatment | |
| Burn Injury Treatment | |
| Others |
| By End User | |
| Clinics | |
| Hospitals | |
| Home Care Settings | |
| Others |
| Geography | ||||||||
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Medical Tapes & Bandages Market Research FAQs
What is the current Medical Tapes & Bandages Market size?
The Medical Tapes & Bandages Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Medical Tapes & Bandages Market?
3M Company, B. Braun SE, Cardinal Health., Johnson & Johnson Services, Inc. and Coloplast A/S are the major companies operating in the Medical Tapes & Bandages Market.
Which is the fastest growing region in Medical Tapes & Bandages Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Tapes & Bandages Market?
In 2024, the North America accounts for the largest market share in Medical Tapes & Bandages Market.
What years does this Medical Tapes & Bandages Market cover?
The report covers the Medical Tapes & Bandages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Tapes & Bandages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Tapes and Bandages Industry Report
Statistics for the 2024 Medical Tapes and Bandages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Tapes and Bandages analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Medical Tapes and Bandages Market Report Snapshots
