Medical Tapes & Bandages Market Size (2024 - 2029)

The medical tapes and bandages market is projected to experience growth over the forecast period, driven by an increasing incidence of wound infections, patient safety concerns, and a rising burden of pressure ulcers and diabetic foot ulcers. The initial negative impact of the COVID-19 pandemic on the market, due to supply chain disruptions and reduced demand in clinical settings, has been mitigated by the integration of telemedicine, which improved patient outcomes and satisfaction. Despite these growth drivers, the market faces challenges such as the high cost of advanced dressings and potential allergic reactions to medical adhesives, which may restrain its expansion.

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Market Size of Medical Tapes & Bandages Industry

Medical Tapes And Bandages Market Summary
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

Medical Tapes And Bandages Market 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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Medical Tapes & Bandages Market Size Summary

The medical tapes and bandages market is poised for growth, driven by increasing incidences of wound infections, pressure ulcers, and diabetic foot ulcers. The market experienced initial setbacks due to the COVID-19 pandemic, which disrupted supply chains and delayed non-urgent medical procedures, thereby reducing demand. However, the integration of telemedicine has since improved wound care outcomes, positively impacting market demand. The rising prevalence of diabetes and related complications, such as diabetic foot ulcers, further fuels the need for medical tapes and bandages. Despite challenges like the high cost of advanced dressings and potential allergic reactions to medical adhesives, the market is expected to expand over the forecast period.

North America is anticipated to hold a significant share of the market, attributed to high awareness levels, a growing geriatric population, and a rise in pressure ulcer cases. The United States, in particular, is expected to see increased demand due to the high incidence of burn injuries requiring medical attention. The market is characterized by fragmentation, with numerous global players such as 3M Company, B. Braun SE, and Johnson & Johnson Services, Inc. actively participating. Recent strategic moves, like 3M's divestiture of its Neoplast and Neobun brands in Southeast Asia, highlight the dynamic nature of the market. Collaborations, such as the partnership between Tricol Biomedical and Tactical Medical Solutions, are also contributing to the development of innovative products, further shaping the market landscape.

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Medical Tapes & Bandages Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Incidence Of Wound Infection and Increasing Patient Safety Concern

      2. 1.2.2 Growing Burden of Pressure Ulcer, Diabetic Foot and Surgical Procedures

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost Of Advanced Dressing

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product Type

      1. 2.1.1 Bandages

      2. 2.1.2 Tapes

    2. 2.2 By Application

      1. 2.2.1 Surgical Wound Treatment

      2. 2.2.2 Traumatic Wound Treatment

      3. 2.2.3 Ulcer Treatment

      4. 2.2.4 Burn Injury Treatment

      5. 2.2.5 Others

    3. 2.3 By End User

      1. 2.3.1 Clinics

      2. 2.3.2 Hospitals

      3. 2.3.3 Home Care Settings

      4. 2.3.4 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Medical Tapes & Bandages Market Size FAQs

The Medical Tapes & Bandages Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

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.

Medical Tapes and Bandages Market Report Snapshots

Medical Tapes and Bandages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)