Medical Tapes & Bandages Market Analysis By Product (Tapes, Bandages), By Application (Surgical Wound, Traumatic Wound, Ulcer, Burn Injury, Sports Injury), End-Use, And Segment Forecasts, 2018 - 2025

Industry Insights

The global medical tapes & bandages market size was valued at USD 7.0 billion in 2016 and is expected to grow at a CAGR of 5.10% during the forecast period. Increasing geriatric population, resulting in increase in incidence of chronic diseases and injuries, rising prevalence of ulcers, diabetic foot, and surgical procedures are the key factors that are driving the market growth.

In addition, the increasing incidence of wound infection is a major concern for healthcare professionals as well as patients. Therefore, proper wound care is essential for reducing the infection. The wounds caused by burns, surgery, and trauma generally result in infections. With an increase in the number of patients globally, the demand for wound dressing is on a rise.

Burns, are the most common wounds and account for around 195,000 deaths globally every year. The major incidences of these occur in low and middle-income countries, thus the rise in the awareness and income of these countries is expected to positively impact the market growth over the forecast period. 

However, the advanced wound dressing costs higher than the traditional wound dressings. Due to the high cost of these dressings, many patients prefer the traditional dressings despite their slow healing process, thus posing a challenge towards the growth of advanced wound bandages and tapes. 

Skin sensitivity is on a higher side for geriatric population when compared to other population group. Hence, the problems of skin inflammation and trauma due to application of dressings on skin are more in this population. The adverse effect of wound dressing techniques on the skin is one of the major factors hindering the growth of the medical tapes and bandages market.

Product Insights

Products of the medical tapes & bandages market includes tapes and bandages; tapes include fabric, paper, and plastic tape. Bandages include muslin bandage roll, elastic bandage, triangular bandage, orthopedic bandage, and elastic plaster bandage. Bandages accounted for the largest share in 2016 owing to the rising number of surgical procedures and rise in medical conditions.

In tapes, fabric tapes accounted for the largest share and is expected to maintain its market share as this type of tape is useful in orthopedic cases, severe injuries where proper care must be taken and to prevent loosening of the bandage. However, paper tapes have been anticipated to be the fastest growing segment owing to the presence of tiny pores which allows air flow through the tape and helps healing of wound faster. In addition, these pores provide good comfort to elderly patients in comparison to fabric tapes.

Application Insights

On the basis of application, medical tapes & bandages are segmented into surgical wound treatment, traumatic wound treatment, ulcer treatment, burn injuries, and sports injuries. Surgical wound treatment held the largest share in the market and is expected to maintain its position over the forecast period. Ulcer treatment is anticipated to be the fastest growing segment.

The increasing prevalence of diabetic foot, chronic heart disease, and lifestyle disorders are resulting in rise in surgical procedures. Therefore, the requirement of medical tapes & bandages is highest for surgical wound treatment.

There may be an increase in the prevalence of ulcers, as it is anticipated that lifestyle disorders will grow exponentially. Therefore, the ulcer segment has been anticipated to be the fastest growing segment over the forecast period.

End-Use Insights

The end-use segment includes hospitals, ambulatory surgery centers, clinics, and home healthcare. An increase in the number of surgeries is expected due to the increasing penetration of health insurance and increased coverage by insurance policies. Thus, hospitals command the major share in the end-use segment for the medical tapes & bandages market.

Ambulatory surgery center segment has been anticipated to be the fastest growing segment owing to the need to reduce pressure on hospitals and clinics for surgeries.

Regional Insights

North America dominated the medical tapes and bandages market in 2016, owing to the increasing patient awareness regarding diseases and wound infections and rapidly increasing geriatric population in the regions, especially in the U.S. The shifting focus of key market players towards advanced wound dressings as compared to the traditional one is the major trend witnessed in this region.

Asia Pacific medical tapes and bandages market is expected witness the highest growth over the forecast period owing to the availability of immense opportunities in this region especially in China & Japan. The large population of this region coupled with rising patient awareness levels regarding the diseases and wound infections and increase in per capita income are the major growth drivers for this region. Presence of a large population base suffering from diabetes is also expected to be a high impact rendering driver of this region. According to statistics by the Asian Diabetes Prevention Initiative, about 60.0% of the reported diabetes cases in the world are from Asia.

Competitive Outlook

Few of the major players operating in this market include, 3M, Medtronic, Derma Sciences Inc, Johnson & Johnson, Smith & Nephew PLC, B. Braun Melsungen AG, Medline Industries Inc., Paul Hartmann AG, Cardinal Health Inc., and Molnlycke Healthcare Inc.

Various strategies such as new product development, and collaborations are being adopted by these key market players to maintain their market share. For instance, for instance, Medline Industries launched CURAD SoothePlus bandage, that consists of Church & Dwight’s Arm & Hammer baking soda that offers more care. Similarly, Smith & Nephew launched NASASENT; a nasal dressing that is useful for minimizing bleeding and prevent post-op adhesions after sinus surgery. Smith & Nephew collaborated with University of Hull for enhancing research in the field of advanced wound care. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research, Inc. has segmented the medical tapes & bandages market on the basis of product, application, end-use and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Tapes

    • Fabric tapes

    • Paper tapes

    • Plastic tapes

    • Other tapes

  • Bandages

    • Muslin bandage rolls

    • Elastic bandage

    • Triangular bandage

    • Orthopedic bandage

    • Elastic plaster bandage

    • Other bandages

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Surgical wound treatment

  • Traumatic wound treatment

  • Ulcer treatment

  • Sports injury

  • Burn injury

  • Other injury

• End-Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Ambulatory surgery centers

  • Clinics

  • Homecare

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia