Medical Tapes And Bandages Market Size, Share & Trends Analysis Report By Product (Medical Tapes, Medical Bandages), By Application (Surgical Wound, Ulcer), By End-user, By Region, And Segment Forecasts, 2022 - 2030

Report Overview    

The global medical tapes and bandages market size was valued at USD 9.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.41% from 2022 to 2030. The growth of the market is attributed to the increasing prevalence of chronic diseases such as diabetes, cancer, and other autoimmune diseases, the increasing number of road accidents, and technological advancements, coupled with the increasing adoption of medical tapes and bandages in various healthcare settings such as hospital, clinics, and others.

For instance, according to the 3M company in 2019, 69% of clinicians use medical tape multiple times per day which is expected to boost the market growth. During the outbreak of COVID-19 disease, face masks that are recommended to be used to prevent transmission of the infection can cause serious skin injuries, which may require several wound care products such as medical tapes, bandages, and others for treatment.

Thus, the COVID-19 pandemic has shown a positive impact on the market growth owing to its increased demand for critical care capacity and to support hospitals in the fight against COVID-19.

Furthermore, according to the National Library of Medicine in September 2020, a barrier enclosure has been proposed for use during intubations where there is a substantial risk of aerosolization. The use of noninvasive respiratory assistance is on the rise amid the COVID-19 outbreak. However, it is linked to a significant risk of aerosol formation, which can lead to illnesses among healthcare workers (HCWs).

As a result, vacuum suction tubing was hooked to the wall mount, and the other end of the tubing was taped to the inside of the barrier enclosure's roof with adhesive surgical tape. Thus, these adhesive surgical tapes offer protection against COVID-19-related illnesses in healthcare settings, which is expected to drive market growth. Due to the COVID-19 pandemic in 2020, sales of medical tapes and bandages increased significantly across the globe.    

The global increase in the incidence of chronic diseases such as cancer, diabetes, and other autoimmune diseases is expected to drive market growth. Moreover, factors such as the adoption of unhealthy & sedentary lifestyles, antimicrobial resistance, smoking, and alcohol consumption are some of the other major factors contributing to the rise in the prevalence of non-communicable diseases. Furthermore, according to the WHO in April 2021, Non-communicable diseases (NCDs) claim the lives of 41 million people each year, accounting for 71% of all deaths worldwide.

In addition, cardiovascular illnesses kill 17.9 million people per year, followed by cancer (9.3 million), respiratory disorders (4.1 million), and diabetes (1.5 million). As a result of the rising prevalence of chronic conditions, the number of surgeries being performed has also increased which is anticipated to increase the demand for medical tapes and bandage products, propelling the market growth.

The market is predicted to grow during the forecast period due to an increase in the number of surgeries and trauma cases around the world. Trauma is a major cause of death worldwide, with around 5 million people dying every year as a result of traumatic injury. According to the Association for Safe International Road Travel (ASIRT) 2018, every year, between 20 million to 50 million individuals are injured or disabled in traffic accidents, with 1.35 million related deaths. According to the WHO, road traffic injuries are estimated to be the ninth leading cause of mortality globally.

Moreover, bandages and tapes are used for the treatment of minor wounds. Thus, the rising number of accidents is expected to boost the demand for medical tapes and bandages, which is expected to lead to considerable market growth over the forecast period.

Along with the aforementioned factors, the growing number of ambulatory surgery centers (ASCs) will propel market growth in the near future. According to the Texas Ambulatory Surgery Center Society, there will be over 5,344 surgery centers in the U.S. in 2021. Surgical treatment, diagnostics, and preventive procedures are among the services provided by ASCs. Ambulatory surgical centers also do pain management, urology, orthopedics, restorative, reconstructive, or alternative plastic procedures, and gastrointestinal (GI) surgeries.

Previously, ASCs could only do small GI surgeries; however, as the number of minimally invasive surgical procedures increased, the services provided by ambulatory surgery centers extended and developed exponentially. For instance, according to Agency for Healthcare Research and Quality in December 2021, the number of ambulatory procedures performed in community hospitals in the U.S. has steadily increased over the last quarter-century, rising from 13.4 million in 1995 to 19.2 million in 2018.

Technological advancements, coupled with product launches, to streamline the procedures and make them safer & more cost-effective, are among the key factors contributing to market growth. For instance, in May 2019, 3M entered into a definitive agreement to acquire the advanced wound care and specialty surgical solutions segments of Acelity and its KCI Subsidiaries, with an aim to expand the company’s product portfolio which is expected to boost the market growth in the near future.

Product Insights

Based on the product, the medical bandages segment captured the largest market share with around 58.20% in 2021. Bandages are majorly used for wound dressings, supporting fractures & splints, and sports injuries. In cases of post-operation, the bandages are used to keep the overall body structure compressed by restricting the movement of the body parts.

Bandages are generally made up of a wide variety of materials, such as plastic, cloth, synthetic, or elastic. The bandages have an adhesive attached or an elastic structure to act as their support system. The bandage segment is fragmented into the triangular bandage, elastic bandage, muslin bandage rolls, elastic plaster bandage, orthopedic bandage, and others

Medical tapes segment is anticipated to witness the fastest growth rate of  4.1% compound annual growth rate (CAGR) during the forecast period. The majority of medical tapes are used to dress up both acute and chronic wounds. Over the projection period, drivers driving the market include an increase in the use of medical tapes and increased awareness of the use of medical adhesive products in sports injuries.

Furthermore, these goods have a number of advantages, such as silicone-based tapes that allow for consistent adhesion and are pleasant on the skin, which is predicted to help the market flourish. The medical tapes segment is further fragmented into plastic tape, paper tape, fabric tape, and other tapes. The other tapes include silicone, acrylic, and rubber tapes.

Application Insights

Based on the application, the surgical wound segment dominated the market with around 58.48% of the revenue share. The rising number of surgical site infections (SSI) is one of the major driving factors for the segment growth. Surgical wounds majorly occur due to SSI. As per the Journal of Patient Safety & Infection Control of 2019, estimates for SSIs in India are significantly high ranging from 23.0% to 38.0% in comparison with the global estimates, ranging from 0.5% to 15%.

Furthermore, the rising incidence of trauma across the globe also contributes to the segment growth. For instance, as per the World Health Organization (WHO) in 2019, around 9.0% of global mortality occurs due to trauma every year. Hence, considerable segment growth is anticipated during the forecast period.

The ulcer segment is anticipated to witness considerable growth at a 4.6 % compound annual growth rate (CAGR)during the forecast period. The increasing cases of chronic diseases, especially diabetes, and the rising geriatric population in the country are the major driving factors for the segment growth.

For instance, a 2018 systematic MEDLINE and PubMed review found the U.K. had the lowest (23.9/100,000 persons), whereas Spain had the highest annual incidence of all peptic ulcer disease (141.8/100,000 persons). Therefore, considerable segment growth is anticipated during the forecast period.

End-User Insights

The hospital segment dominated the market with a share of 27.87% in 2021. Surgical wound care and bone fracture dressings are primarily intended for use in hospitals and are not suitable for home usage. The segment is being driven by an increase in the number of surgical wounds as a result of the increasing number of surgeries.

The treatment of a surgical site infection necessitates a lengthy hospital stay and close monitoring. Furthermore, the rising prevalence of diabetic foot ulcers and venous leg ulcers is expected to fuel the market, since medical tapes and bandages are commonly employed in such situations. As a result, such variables may boost segment growth during the predicted period.    

The ambulatory surgery centers segment captured the second largest market share of 24.84%  in 2021. The segment's expansion will be fueled by an increase in the number of ambulatory surgery facilities and surgical procedures during the forecast period. Furthermore, one of the primary drivers of the industry is the rising prevalence of surgical wounds. Surgical wound dressings necessitate continual monitoring, which is driving up patient demand for clinics. As a result, such factors are likely to boost segment growth during the projection period.

Regional Insights

North America dominated the medical tapes and bandages market with the highest share of 45.41% in 2021. 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. 

For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6 trillion by 2027. In addition, high disposable income in developed economies & skilled professionals is some factors responsible for the large share of the market of the region.

Asia Pacific is expected to register the fastest CAGR of 4.05% from 2022 to 2030. 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. Moreover, 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.

According to World Health Organization (WHO), (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non-communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer were the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenario may hinder market growth in the region      

Key Companies and Market Share Insights

Key players are involved in adopting strategies such as mergers & acquisitions, partnerships, and launching new products to strengthen their foothold in the market. For instance, in April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of speeding up the development of its medical bandages and tapes product line, thus boosting its client base and market reach. Additionally, 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

• Urgo Medical

• Dynarex Corporation

• Winner Medical Group, Inc.

• McKesson Corporation

• Cardinal Health

• 3L Medicinal Products Group

• B. Braun Melsungen AG

• Paul Hartmann AG

Medical Tapes And Bandages Market Report Scope

Segments Covered in the Report 

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For  this study, Grand View Research has segmented the global medical tapes and bandages market report based on product, application, end user, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • 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, 2018 - 2030)

  • Surgical Wound

  • Traumatic Wound

  • Ulcer

  • Sports Injury

  • Burn Injury

  • Other Injuries

• End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory Surgery Centers

  • Clinics

  • Retail

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE