Medical tapes & bandages Market is estimated to be US$ 11.7Bn by 2032 and is anticipated to register a CAGR of 4.3%
Zion Market Research has published a new report titled “Medical Tapes and Bandages Market by Product (Medical Tapes [Fabric Tape, Paper Tape, Plastic Tape, and Other Tapes], and Medical Bandages [Gauze Bandage, Adhesive Bandage, Cohesive and Elastic Bandage, and Other Bandages)], by Application (Surgical Wounds, Traumatic and Laceration Wounds, Burns, Ulcers, Sport Injuries, and Other Wounds), and by End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast. According to the report, global demand for Medical tapes & bandages Market is estimated to be US$ 11.7Bn by 2032 and is anticipated to register a CAGR of 4.3%
Bandages are extensively used in medical and healthcare industry. These are used in wide range of applications from normal wound dressing to holding fractured bones together of body parts for recovery or rehabilitation. A bandage is a portion of fabric used either to keep dressings in place, covering wounds, for controlling bleeding by applying pressure, to support a medical device or to provide support to body parts.
Rising number of accidents, injuries and cases of mortality due to medical injuries like diabetic foot ulcers and venous leg ulcers amongst the geriatric population is augmenting the demand for medical tapes and bandages in various developing and developed countries. Rising diseases due to chronic wounds in worldwide patient populations simultaneously with economic impact have led to growth of this market in lesser developed communities and societies. Furthermore increasing number of skin allergies and Healthcare Acquired Infections (HAIs) is boosting the end users segment to seek new and advance methods for curing the wounds at earliest. The global medical tapes and bandages market is classified on the basis of product type, application, end user, and region. By product type the market is segmented into medical tapes and medical bandages. The medical bandages segment is further classified into adhesive bandages, gauze bandages, cohesive & elastic bandages and others. The medical tapes segment is sub-segmented into paper tapes, fabric tapes, plastic tapes, and other tapes. Among medical bandages and medical tapes the medical bandages segment is attributed for high market share, due to high number of surgical procedures, rinsing diagnostic procedures and infectious medical conditions coupled with increasing geriatric population base.
Based on applications the market is segmented into burns, surgical wounds, ulcers, traumatic and laceration wounds, sport injuries, and other wounds. The surgical wound treatment contributes for the major market share in terms of revenue for medical tapes and bandages market. Rising prevalence of diabetes and other immune disorders will boost the ulcer treatment segment growth at highest CAGR. Roughly around 15% to 25% of population with diabetes has chances to develop foot ulcer at some point in their life span and about 12% of this patient population need amputation at lower extremity. Ulcer curing is complicated due to decreased cellular synthesis, diabetic neuropathy, and susceptibility to infection. Diabetic foot ulcers account for nearly 2/3 of all non traumatic amputations, which is significantly increasing the demand for medical tapes and bandages market.
Hospitals, clinics, ambulatory surgical centers, and others are end user segments of the medical tapes and bandages market. The hospital end user segment held major share of market due to high number of surgical procedure performed in hospitals and preference by patients for hospital dressing.
Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa are major regional segments of global medical tapes and bandages market. North America is likely to lead the market in forecast period. However, Asia Pacific medical tapes and bandages market is likely to grow at high CAGR. Growth in this region is attributed to health awareness, rising incidence of accidents and injuries, developing healthcare infrastructure, and rising government policies which is fueling the market growth of medical tapes and bandages market in the Asia Pacific.
Some of the players in medical tapes and bandages market include -
- Baxter International
- Paul Hartmann Pty Limited
- Medtronic Plc.
- Medline Industries
- Smith & Nephew Plc
- Derma Sciences
- Johnson & Johnson
- Cardinal Health
- 3M Healthcare
- Molnlycke Health Care.
This report segments the global medical tapes and bandages market as follows:
Global Medical Tapes and Bandages Market: Product Segment Analysis
- Medical TapesFabric TapePaper TapePlastic TapeOther Tapes
- Medical BandagesGauze BandageAdhesive BandageCohesive and Elastic BandageOther Bandages
Global Medical Tapes and Bandages Market: Application Segment Analysis
- Surgical Wounds
- Traumatic and Laceration Wounds
- Burns
- Ulcers
- Sport Injuries
- Other Wounds
Global Medical Tapes and Bandages Market: End User Segment Analysis
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Global Medical Tapes and Bandages Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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