Medical Tapes And Bandages Market Size, Share & Trends Analysis Report By Product (Medical Tapes, Medical Bandages), By Application (Surgical Wound, Ulcer), By End-use, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global medical tapes and bandages market size was valued at USD 8.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The global increase in the incidence of chronic diseases, such as diabetes, cancer, and other autoimmune diseases, is driving the market. Factors such as antimicrobial resistance, adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are contributing to the rise in the prevalence of non-communicable diseases. According to the National Diabetes Statistics Report, published by the Centers for Disease Control and Prevention (CDC), in 2017, more than 100.0 million people in the U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016, approximately 1.6 million deaths globally were directly caused due to diabetes.

Cancer has been a global healthcare burden as it is one of the leading causes of death. According to the WHO estimates, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to the disease. In addition, it reported that over 70% of cancer-related deaths typically occur in middle- and low-income countries. As a result of the rising prevalence of chronic conditions, the number of surgeries being performed has also increased.

Wound care and dressing products are, thus, increasingly being used to prevent surgical site infections. Most surgical wounds, post-cancer surgery, are relatively large in size and deep, producing exudate that requires regular management. The wound dressing products, such as bandages, gauzes, and tapes, and medical tapes and bandages products, such as hydrogel, alginate, and foam, help manage large wounds, significantly reducing the risk of infection. Thus, the rising incidence of chronic diseases is anticipated to increase the demand for wound care products and medical tapes and bandages, thereby propelling the market growth.

The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per the National Center for Biotechnology Information (NCBI), in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn wounds. Furthermore, as per the American Association for the Surgery of Trauma (AAST), in 2017, around 1.2 million people died globally, accounting for deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middle- or low-income countries. Biomaterials and skin substitutes are majorly used for the healing of all kinds of burn wounds. Moreover, bandages and gauzes 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.

Product Insights

The medical bandages segment held the largest share of 58.3% in 2020 and is expected to witness considerable growth over the forecast period. Bandages are majorly used for wound dressings, sports injuries, and supporting fractures and splints. In the case 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. On the basis of product, the medical tapes and bandages market has been segmented into medical tapes and bandages. The medical bandages segment is fragmented into muslin bandage rolls, elastic bandages, triangular bandages, orthopedic bandages, elastic plaster bandages, and others.

The medical tapes segment is anticipated to witness the fastest growth over the forecast period. Medical tapes are majorly used for dressing both acute and chronic wounds. The increase in the use of medical tapes and rise in the awareness related to the use of medical adhesive products in sports injuries are factors driving the segment. In addition, products such as silicone-based tapes facilitate constant adhesion and are gentle to the skin, thus favoring the segment growth. The medical tapes segment is further fragmented into fabric tape, paper tape, plastic tape, and other tapes. The other tapes include silicone, acrylic, and rubber tapes.

Application Insights

The surgical wound segment held the largest share of 59.0% in 2020 and is anticipated to witness considerable growth over the forecast period. The increasing cases of trauma and burns across the globe are boosting the number of surgical procedures. Therefore, the rising number of surgical procedures may increase the cases of surgical wounds, thereby promoting the segment growth over the forecast period. On the basis of application, the market has been segmented into surgical wound, traumatic wound, ulcer, sports injury, burn injury, and other injuries.

The ulcer segment is anticipated to witness considerable growth over the forecast period. The increasing cases of chronic diseases, especially diabetes, and the rising geriatric population in the country are the major factors driving the segment. For instance, as per the United States Census Bureau, the number of people aged 65 or older grew by 1.6 million from 2016 to 2017. Therefore, the segment is anticipated to witness considerable growth over the forecast period.

End-use Insights

The hospitals segment held the largest share of 27.8% in 2020 and is anticipated to witness the fastest growth over the forecast period. Surgical wound care dressings and bone fracture dressings are predominantly suitable for hospital use and are not feasible for homecare. The increasing cases of surgical wounds due to the rising number of surgeries are driving the segment. The surgical site infection treatment requires a prolonged hospital stay and requires constant monitoring. In addition, the increasing cases of diabetic foot ulcers and venous leg ulcers are anticipated to drive the segment as medical tapes and bandages are majorly used in such conditions. Thus, such factors may surge the segment growth over the forecast period.

The increasing number of clinics and surgical procedures are the major factors contributing to the segment growth over the forecast period. Moreover, the increasing incidence of surgical wounds is one of the major drivers of the segment. Surgical wound dressings require constant monitoring owing to which demand for clinics is increasing among patients. Hence, such factors are expected to surge the segment growth over the forecast period.

Regional Insights

North America dominated the market with a share of 45.4% in 2020 and is expected to witness considerable growth over the forecast period. Increasing road accidents, rising sports injuries, and the presence of several key players in the region are anticipated to drive the market. In addition, highly developed healthcare infrastructure and the presence of adequate skilled professionals are expected to drive the market over the forecast period.

Asia Pacific is anticipated to witness the fastest growth over the forecast period. The presence of developing countries, such as China, India, and Japan, is anticipated to boost the market growth in the Asia Pacific. In addition, the rapidly growing medical tourism industry in these countries can be attributed to the increase in demand for wound dressing products in this region. For instance, as per the report on Export Health Services by the Directorate-General of Commercial Intelligence and Statistics (DGCI&S) of India, in 2016-2017, India had 58,300 medical tourists on medical visas.

Key Companies & Market Share Insights

Key players are involved in adopting strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the market. For instance, in May 2019, 3M acquired Acelity, Inc. with an aim to strengthen its wound management solutions and expand its customer pool.

Key players are significantly investing in the research and development to manufacture technologically advanced products. For instance, in April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its medical tapes and bandages product portfolio, thereby expanding the customer pool and market reach. 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 at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global medical tapes and bandages market report on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)

  • 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, 2016 - 2028)

  • Surgical Wound

  • Traumatic Wound

  • Ulcer

  • Sports Injury

  • Burn Injury

  • Other Injuries

• End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospitals

  • Ambulatory Surgery Centers

  • Clinics

  • Retail

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

    • Saudi Arabia