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Medical Tape and Bandage Market

Medical Tape and Bandage Market Size, Share & Segment 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), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/HC/1060 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Medical Tape and Bandage Market Size was valued at USD 9.46 billion in 2021 and is expected to reach USD 11.71 billion by 2028, and grow at a CAGR of 3.1% over the forecast period 2022-2028. 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.

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.

Medical Tape and Bandage Market

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.

MARKET DYNAMICS

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

IMPACT OF COVID-19

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. 

COMPETITIVE LANDSCAPE

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.

KEY MARKET 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

Medical Tape and Bandage Market

REGIONAL ANALYSIS

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

 

Medical Tape and Bandage Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 9.46 Billion
Market Size by 2028 US$ 11.71 Billion
CAGR CAGR of 3.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :

The medical Tape and Bandage market is expected to reach USD 11.71 billion by 2028. 

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.

Manufacturer and service provider, research institutes, university, and private libraries, suppliers, and distributers.


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 ware

 

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

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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