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The medical tapes and bandages market share is expected to increase by USD 3.99 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.06%.
This medical tapes and bandages market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical tapes and bandages market segmentation by end-user (hospitals, clinics, ambulatory care centers, and home care) and geography (North America, Europe, Asia, and Rest of World (ROW)). The medical tapes and bandages market report also offers information on several market vendors, including 3M Co., B. Braun Melsungen AG, Cardinal Health Inc., Coloplast AS, Essity Aktiebolag (publ), Integra LifeSciences Corp., Johnson and Johnson Inc., Lohmann and Rauscher GmbH and Co. KG, maxingvest AG, McKesson Corp., Medtronic Plc, Milliken and Co., Molnlycke Health Care AB, Nichiban Co. Ltd., Nitto Denko Corp., Paul Hartmann AG, Smith and Nephew plc, SAN NUTRITION PVT. LTD., Triage Meditech Pvt. Ltd., and Medline Industries Inc. among others.
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The rising number of surgical procedures worldwide is notably driving the medical tapes and bandages market growth, although factors such as the development of advanced wound care alternatives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical tapes and bandages industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Medical Tapes and Bandages Market Driver
The rising number of surgical procedures worldwide is one of the key drivers supporting the medical tapes and bandages market growth. Globally, end-users such as hospitals, clinics, and ambulatory care centers are focusing on post-surgery patient safety and hygiene because of the increased mortalities caused by surgical site infections. According to the CDC, an estimated 157,500 people suffer from surgical site infection in the US, resulting in about 8,205 deaths each year. In low- and middle-income countries, about 10%-11% of the population is affected by site infection post-surgical procedures. The rising incidence of post-surgical infections has led to high demand for efficient, sterile, and standard dressing products. Moreover, the World Health Organization (WHO) recommended the use of standard dressing in its guidelines for the prevention of surgical site infections has increased the use of sterile bandages and tapes in standard dressing applications. Such increasing recommendations will drive market growth during the forecast period.
Key Medical Tapes and Bandages Market Trend
Increasing participation in adventurous and recreational activities is another factor supporting the medical tapes and bandages market growth. Increasing participation in recreational activities such as trekking, hiking, swimming, rafting, and paragliding and the growing popularity of adventure tourism can be witnessed to surge across the world. The increased participation in such activities has led to a rise in recreational injuries such as sprains, fractures, and others. Severe injuries require frequent visits to health centers and regular wound care dressings. Thus, the treatment of severe injuries requires numerous medical tapes and bandages. The rising number of individuals engaging in recreational activities has increased injury risks, particularly in children aged below 18 years. Thus, timely care given during such injuries has increased admissions in emergency departments created high demand for wound care products such as medical tapes and bandages.
Key Medical Tapes and Bandages Market Challenge
The development of advanced wound care alternatives is one of the factors hindering the medical tapes and bandages market growth. Compared to conventional bandage-based treatment, these products offer efficient compression and optimum pressure stability. They have softer and more flexible fabric and numerous options for style assortment. Bandages are increasingly being replaced by a variety of compression garments that are used for treating lymphedema and venous leg ulcers. JoViPak garments and JOBST Relax by BSN medical, mediven mondi esprit by medi USA LP, and EXTREMIT-EASE by AMERX Health Care Corporation are some examples of compression garments. These products are giving tough competition to compression bandage products and creating a challenging business environment for the manufacturers of wound care products for compression therapies. Such challenges will limit the market growth during the forecast period.
This medical tapes and bandages market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global medical tapes and bandages market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical tapes and bandages market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the medical tapes and bandages market encompasses successful business strategies deployed by the key vendors. The medical tapes and bandages market is fragmented and the vendors are deploying growth strategies such as investing significantly in manufacturing tapes and emphasizing building brand and brand equity to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The medical tapes and bandages market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the medical tapes and bandages market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for medical tapes and bandages market in North America. Market growth in this region will be faster than the growth of the market in ROW.
The increasing fatality rates will facilitate the medical tapes and bandages market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted the medical tapes and bandages market in 2020 in North America, especially in the US. However, the resumption of operations of healthcare companies is expected to compensate for the demand-supply gap led by lockdowns for controlling the pandemic Q2 2021. Therefore, the situation is expected to improve in the latter half of the forecast period, depending on the containment of the pandemic.
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The medical tapes and bandages market share growth by the hospitals segment will be significant during the forecast period. Hospitals offer treatments and perform invasive, minimally invasive, and non-invasive surgical procedures and are thus the major end-users of wound care products. The increasing hospitalization rates, owing to injuries, and the development of pressure ulcers during long hospital stays create a significant demand for medical tapes and bandages. Pressure ulcers are common among acute care patients who stay for long periods in hospitals. These ulcers result in skin lesions that cause pain and increase the risk of infection. These treatments use many sterile bandages and tapes to prevent further infection. Thus, this has significantly helped to drive the revenue growth of medical tapes and bandages from this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical tapes and bandages market size and actionable market insights on post COVID-19 impact on each segment.
Adhesive Bandages market - The market share is expected to increase by USD 622.43 million from 2021 to 2026, at an accelerating CAGR of 4.26%.
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Medical Tapes and Bandages Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.06% |
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Market growth 2022-2026 |
$ 3.99 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.44 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 38% |
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Key consumer countries |
US, Canada, Germany, UK, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., B. Braun Melsungen AG, Cardinal Health Inc., Coloplast AS, Essity Aktiebolag (publ), Integra LifeSciences Corp., Johnson and Johnson Inc., Lohmann and Rauscher GmbH and Co. KG, maxingvest AG, McKesson Corp., Medtronic Plc, Milliken and Co., Molnlycke Health Care AB, Nichiban Co. Ltd., Nitto Denko Corp., Paul Hartmann AG, Smith and Nephew plc, SAN NUTRITION PVT. LTD., Triage Meditech Pvt. Ltd., and Medline Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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