Global Medical Tapes and Bandages
Market Report
2024
Medical Tapes and Bandage market size was valued at USD 9.35 billion in 2022 and will be USD 12.22 billion till 2030 with a CAGR of 3.41% during forecast year. from 2022 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Medical Tapes and Bandage market size was valued at USD 9.35 billion in 2022 and will be USD 12.22 billion till 2030 with a CAGR of 3.41% during forecast year. from 2022 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Tapes and Bandages Market Sales Revenue 2022 | $ 9.35 Billion |
Global Medical Tapes and Bandages Market Sales Revenue 2030 | $ 12.22 Billion |
Global Medical Tapes and Bandages Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.41% |
Market Split by Product |
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Market Split by Application |
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Market Split by End user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Medical Tapes and Bandages Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical tape, often known as surgical tape, is pressure sensitive adhesive tape used in first aid to secure the bandage or dressing the wound. There are a variety of medical tapes: paper medical tapes, zinc-oxide medical tape, silk surgical medical tape and plastic medical tape. A bandage is an item made from the plastic strip, it is used to cover and treat the injuries. Increasing road accidents, increasing chronic disease like diabetes, cancer and growing adoption for medical tapes and bandages drives the Medical Tapes and Bandages market growth.
Globally road accidents are increasing, as per world health organization report, 1.3 million approximately die each year due to road traffic accidents. Pedestrians, cyclists and motorcyclists comprise more than half of all road traffic fatalities. Considering the fact that low- and middle-income nations have about 60% of the world’s vehicles, they account for 93% of road accidents deaths. Additionally, cutting edge medical research centres have devoted time and expertise to the creation of elastic and orthopaedic bandages, which have a significant acceptance rate throughout the world. The above-mentioned factors boost the Medical Tapes and Bandages market.
Among the most common types of chronic wound care are venous leg ulcers, pressure ulcers, diabetic foot ulcers and others. One of the main complications of diabetes is diabetic foot ulcer. Diabetes slows down the healing process, which causes all kinds of ulcers, other acute and chronic wounds, even small cuts, to take longer to heal. This prolonged treatment options, which in turn increases consumption of medical tapes and bandages used for dressing and redressing. Additionally, because minor wounds take a long time to heal, they can develop into chronic wounds, which drives up the demand for dressing.
By creating and encouraging a moist environment, advanced wound care speeds up the healing of many chronic wounds. Advanced wound care solution is utilized as first line therapy practical infection control and healing speed are key concerns, because basic standard wound care products take a long time to heal wounds and are less effective in some types of wounds. Advanced and active wound care products are predicted to restrain the market in upcoming years, due to drawbacks of basic , traditional wound dressing.
One of the main reasons influencing market expansion’s introduction of new products that streamline processes and make them safer and more efficient. For instance, 3M signed a legally binding agreement to buy the advanced wound care. This effort diversified product offering and support that anticipated market growth.
The covid-19 had a negative impact on the Medical Tapes and Bandages market. to protect the health of medical staff and patients during the continuing coronavirus outbreak, numerous hospital and ambulatory surgical centres cancelled or postponed a significant number of surgical procedures. The acceptance of medical consumables has subsequently been impacted by the cancellation of elective procedures, which has decreased demand for these devices. However, patients had resumed their therapy or operation reschedule as hospital and other healthcare facilities have opened up with covid-19 reducing nations and international rules. In the upcoming years, it is projected that the market would benefit and increase that healthcare service.
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The next version of the OLAES modular bandage has been released due to collaboration between tricol biomedical and tactical medical solutions. The HemCON ChitoGauze PRO and the time tested OLAES modular solution have been combined to form cutting edge convenience kit known as OLAES haemostatic modular bandage.
A holding firm that failed to operate but had subsidiaries that create complex wound treatment items. The goal of this acquisition was to increase advance wound market share.
Leading Swiss producer of water based adhesive tapes is ATP Adhesive system group. Both business market positions are strengthened as a result of the merger, and they are now able to provide their clients with a wider selection of unique solutions.
Top Companies Market Share in Medical Tapes and Bandages Industry: (In no particular order of Rank)
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North America has the highest growth in the Medical Tapes and Bandages market. increasing sport injuries, road accidents is anticipated to fuel the market growth. The market is anticipated to see regional growth due to increasing surgical procedure, well developed infrastructure and favourable reimbursement and regulatory guidelines from the healthcare sector. Additionally, a substantial portion of the market share in the region can be attributed to competent professional and high discretionary income in developed economics.
The current report Scope analyzes Medical Tapes and Bandages Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Medical Tapes and Bandages Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Tapes and Bandages Industry growth. Medical Tapes and Bandages market has been segmented with the help of its Product, Application End user , and others. Medical Tapes and Bandages market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The medical bandages dominate the market with the highest growth rate. Bandages are used to cover wounds, support fractures and splints and treat sport injuries. Bandages are used to maintain the overall body structure after the surgeries by limiting the movement.
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Increasing surgical site infection, as most surgery wounds cause SSI and increasing trauma rate worldwide. Therefore, these are key elements that contribute to the market expansion.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Tapes and Bandages market report 2024 Edition by contacting our team.
Dressing of surgical wounds and bone fractures are typically in hospitals. Increasing surgical wound increases and growing incidence of the venous leg ulcer and diabetic foot ulcer is anticipated to drive the market growth. Therefore, the hospital segment dominates the medical tapes and bandages market.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Tapes and Bandages Market is witnessing significant growth in the near future.
In 2023, the Medical bandages segment accounted for noticeable share of global Medical Tapes and Bandages Market and is projected to experience significant growth in the near future.
The Surgical wound segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Smith & Nephew plc , Medtronic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Medical bandages, Gauze bandage, Adhesive bandages, Cohesive and elastic bandages, Other bandages |
Application | Surgical wound, Traumatic wound, Ulcer, Sports injury, Burn injury |
End user | Hospitals, Ambulatory surgery centres, Retail, Clinics, Other |
List of Competitors | Smith & Nephew plc, 3M, Medtronic, Urgo medical, B.Braun Melsungen AG, Paul Hartmann AG, Cardinal Health, Johnson & Johnson |
This chapter will help you gain GLOBAL Market Analysis of Medical Tapes and Bandages. Further deep in this chapter, you will be able to review Global Medical Tapes and Bandages Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Medical Tapes and Bandages Market Trends North America Medical Tapes and Bandages Technological Road Map North America Medical Tapes and Bandages Market Drivers North America Medical Tapes and Bandages Market Restraints North America Medical Tapes and Bandages Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Tapes and Bandages market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Medical bandages have a significant impact on Medical Tapes and Bandages market? |
What are the key factors affecting the Medical bandages and Gauze bandage of Medical Tapes and Bandages Market? |
What is the CAGR/Growth Rate of Surgical wound during the forecast period? |
By type, which segment accounted for largest share of the global Medical Tapes and Bandages Market? |
Which region is expected to dominate the global Medical Tapes and Bandages Market within the forecast period? |
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Additional Quantitative Data |
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