The Medical Tape and Bandage Market Size was valued at USD 9.75 billion in 2022 and is expected to reach USD 12.45 billion by 2030, and grow at a CAGR of 3.1% over the forecast period 2023-2030.
In wound care dressings, medical tapes and bandages are known to be used. Medical tapes and bandages are applied by specialists or atomizers who lay the tape on the dressing and skin precisely.
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The rising prevalence of chronic diseases and the growing elderly population are likely to propel the medical tapes and bandages market forward throughout the forecast period. Moreover, the rise in surgical operations and surgeries is expected to fuel the market for medical tapes and bandages. Furthermore, the rising number of traumatic wounds is expected to dampen the market for medical tapes and bandages. On the other side, as people gain more understanding about improved wound care products, the market for medical tapes and bandages is expected to slow down during the forecast period.
Furthermore, increasing possibilities in developing nations will create further opportunities for the medical tapes and bandages market to flourish in the next years. Furthermore, rising pricing pressure on market leaders may pose a further threat to the medical tapes and bandages market's growth in the near future.
DRIVERS
Diseases and disorders that impede wound healing.
Mostly used for chronic wounds
RESTRAINTS
Increasing awareness about advanced products.
Used as a first-line therapy
OPPORTUNITIES
Emerging economies' potential for growth
High quality at low cost.
CHALLENGES
Increasing market competitors' prices effect
Because of the increasing need for critical care capacity and to assist hospitals in the fight against COVID-19, the COVID-19 pandemic has had a beneficial impact on market growth.
A barrier enclosure has also been suggested for use during intubations where there is a significant risk of aerosolization, according to the National Library of Medicine in September 2020. During the COVID-19 outbreak, the usage of noninvasive respiratory aid is on the rise. Though, it is associated with a high risk of aerosol generation, which can cause infections in healthcare personnel (HCWs).
As a result, the wall mount was connected to the vacuum suction tube, and the other end of the tube was glued to the inside of the barrier enclosure's roof with adhesive surgical tape. As a result, these adhesive surgical tapes provide protection in healthcare settings from COVID-19-related infections, which is projected to fuel market expansion. Medical tapes and bandages sales surged dramatically worldwide in 2020 as a result of the COVID-19 epidemic.
MARKET ESTIMATION
By Product
The market for medical tapes and bandages is divided into two categories: medical tapes and bandages. Bandages account for a significant portion of the market because they shield wounds from trauma, infections, and dirt, absorb fluid from draining wounds and create a moist environment to speed up recovery.
By Application:
The surgical wound, traumatic wound, burn damage, ulcer, sports injury, and other therapies segments of the medical tapes and bandages market. The growing number of operations around the world accounts for a substantial portion of this application.
By End-User:
Hospitals, ambulatory surgical centers, clinics, home care settings, and other end users have been segmented in the medical tapes and bandages market. Only hospitals have the necessary infrastructure and staff to treat chronic wounds, burns, and traumatic and laceration injuries. Medical tapes and bandages are used in these therapies.
By Product
Medical Tapes
Bandages
By Application
Surgical Wound Treatment
Burn Injury Treatment
Ulcer Treatment
Sports Injury Treatment
Traumatic Wound Treatment
Other
By End-User
Home Care Settings
Clinics
Hospitals
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During the projection period, the Asia Pacific market is expected to grow at the fastest rate. The town's market growth can be ascribed to rising demand for wound care products, an aging population, and an increase in the prevalence of chronic wounds. North America dominated the global market for medical tapes and bandages.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Medtronic Ethicon Inc. (JOHNSON & JOHNSON), Smith & Nephew PLC, 3M, Cardinal Health, Mölnlycke Health Care AB, Beiersdorf AG, Urgo Medical, Paul Hartmann AG, McKesson Corporation, Dynarex Corporation, Winner Medical Group, Inc., 3L Medicinal Products Group,B. Braun Melsungen AG, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.75 Billion |
| Market Size by 2030 | US$ 12.45 Billion |
| CAGR | CAGR of 3.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Medical Tapes, Bandages,) • By Application (Surgical Wound Treatment, Burn Injury Treatment, Ulcer Treatment, Sports Injury Treatment, Traumatic Wound Treatment, Other) • By End User (Ambulatory Surgery Centers, Home Care Settings, Clinics, Hospitals) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Medtronic Ethicon Inc. (JOHNSON & JOHNSON), Smith & Nephew PLC, 3M, Cardinal Health, Mölnlycke Health Care AB, Beiersdorf AG, Urgo Medical, Paul Hartmann AG, McKesson Corporation, Dynarex Corporation, Winner Medical Group, Inc., 3L Medicinal Products Group,B. Braun Melsungen AG |
| DRIVERS | • Diseases and disorders that impede wound healing. • Mostly used for chronic wounds |
| Restraints | • Increasing awareness about advanced products. • Used as a first-line therapy |
Ans: The Medical Tape and Bandage market size is estimated to reach US$ 12.45 billion by 2030.
The main drivers of the Medical Tape and Bandage market are Diseases and disorders that impede wound healing, mostly used for chronic wounds.
Medical Tape and Bandage Market are divided into three segments and these segments are by product, by application, and by the end user.
The sub-segment of Foam type of Medical Tape and Bandage Market are Spray, Medical Tapes, and Bandages.
Ans: The Medical Tape And Bandage Market is to growing at CAGR of 3.1% over the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Tape and Bandage Market Segmentation, by Product
8.1 Medical Tapes
8.2 Bandages
9. Medical Tape and Bandage Market Segmentation, by Application
9.1 Surgical Wound Treatment
9.2 Burn Injury Treatment
9.3 Ulcer Treatment
9.4 Sports Injury Treatment
9.5 Traumatic Wound Treatment
10. Medical Tape and Bandage Market Segmentation, By End User
10.1 Ambulatory Surgery Centers
10.2 Home Care Settings
10.3 Clinics
10.4 Hospitals
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Medtronic Ethicon Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Smith & Nephew PLC
12.3 3M
12.4 Cardinal Health
12.5 Mölnlycke Health Care AB
12.6 Beiersdorf AG
12.7 Urgo Medical
12.8 Paul Hartmann AG
12.9 McKesson Corporation
12.10 Dynarex Corporation
12.11 Winner Medical Group, Inc.
12.12 3L Medicinal Products Group
12.13 B. Braun Melsungen AG
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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