Medical Tapes And Bandages Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Jun 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Medical Tapes And Bandages market size is expected to be worth around US$ 24.44 billion by 2030, according to a new report by Vision Research Reports.

The global Medical Tapes And Bandages market size was valued at US$ 8.78 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.

Growth Factors

The increasing number of accidents, the impact of COVID-19, and technological advancements are the key factors driving the market.

(ASCs) offer a variety of services, such as surgical care, diagnostics, and preventive procedures. Surgeries for pain management, urology, orthopedics, restorative, reconstructive, or alterative plastic surgeries and gastrointestinal (GI)-related surgeries are also performed in ambulatory surgery centers. Earlier, ASCs were only capable of performing GI-related minor surgeries, however, with an increase in the number of minimally invasive surgical procedures, services offered by ambulatory surgical centers expanded and grew exponentially. According to the U.S. Department of Health and Human Services (HHS) data records of 2016, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.

ASCs are increasing in number and they offer cost-effective services. In addition, favorable reimbursement coverages are being provided with regard to services provided by ASCs. The chances of contracting post-surgical, hospital-related infections are also reduced. ASCs provide specific instructions to patients regarding dressing and post-surgical homecare. Thus, with an increase in the number of ASCs and the number of surgeries being performed, demand for medical tapes and bandages is expected to increase.

Report Highlights

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, 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.

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.

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.

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 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 Players

  • 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

Market Segmentation

  • Product Outlook

    • 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

    • Surgical Wound

    • Traumatic Wound

    • Ulcer

    • Sports Injury

    • Burn Injury

    • Other Injuries

  • End-use Outlook

    • Hospitals

    • Ambulatory Surgery Centers

    • Clinics

    • Retail

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

The Medical Tapes And Bandages market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Medical Tapes And Bandages market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Medical Tapes And Bandages market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Tapes And Bandages market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Tapes And Bandages market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Medical Tapes And Bandages capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Medical Tapes And Bandages by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Tapes And Bandages market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Tapes And Bandages market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Tapes And Bandages market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Medical Tapes And Bandages industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Medical Tapes And Bandages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Tapes And Bandages market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Tapes And Bandages market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Tapes And Bandages market. These factors have benefited the growth of the global market for Medical Tapes And Bandages. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Tapes And Bandages. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Medical Tapes And Bandages are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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