Medical Tapes And Bandages Market Size, Share & Trends Analysis Report By Product (Medical Tapes, Medical Bandages), By Application (Surgical Wound, Ulcer), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Medical Tapes And Bandages Market Size & Trends

The global medical tapes and bandages market size was estimated at USD 9.35 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.42% from 2023 to 2030. The growth of the market is attributed to the increasing prevalence of chronic diseases such as diabetes, cancer, and other autoimmune diseases, increasing number of road accidents, mergers, and acquisitions among the industry key players coupled with increasing adoption of medical tapes and bandages in various healthcare settings such as hospital, clinics, and others. In addition, the increasing incidence of sports injuries drives the growth of the market.

Sports injuries that can range in intensity from minor injuries such as strains and sprains to more serious wounds like fractures and dislocations, are frequent in a variety of physical activities. The use of medical bandages and tapes is essential for the treatment, recovery, and prevention of these ailments. A common preventive taping technique used by athletes is ankle taping, which helps support joints and muscles prone to injury. Medical bandages and tapes can be applied to support and immobilize the injured region lowering the possibility of further injury. Thus, the increasing incidence of sports injuries among athletes drives the market growth.

For instance, as per the data published by Johns Hopkins Medicine in 2023, approximately 30 million kids and teenagers participate in professional sports in the U.S., and each year more than 3.5 million of them have injuries that restrict their ability to play. Sports-related injuries constitute nearly one-third of all juvenile injuries. Sprains and strains are among the most frequent injuries. Every year, over 775,000 children, 14 and below, receive treatment for sports-related injuries in emergency departments at hospitals. The majority of injuries during disorganized or informal athletic events included falls, being hit by an object, collisions, and overexertion.

One of the main drivers of market expansion is the acquisition and mergers between key industry players for the introduction of new products and technological developments that streamline processes to make them safer and more efficient. In June 2022, 3M agreed to a contract with Selic Corp Public Company Limited (Selic) to transfer Selic its ownership rights to the Neoplast and Neobun brands as well as associated property in Southeast Asian nations and Thailand, including the machinery used for manufacturing at its Ladlumkaew, Thailand, site. Sports and medical tapes, medicated products, and bandages, for the end-user and the medical field are all part of the product ranges of Neoplast and Neobun.

Product Insights

In terms of product, the medical bandages segment dominated the market in 2022 with the largest revenue share of 57.92%. Bandages are majorly used for wound dressings, supporting fractures & splints, and sports injuries. In cases 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.

The medical bandage segment is fragmented into triangular bandages, elastic bandage, muslin bandage rolls, elastic plaster bandage, orthopedic bandage, and others. Novel product launch by the bandage manufacturers boosts the market growth. For instance, in May 2023, to cure and heal wounds gently and effectively, CURAD, introduced CURAD Naturals, a range of adhesive bandages. The wound pad and bandage surface are directly infused with soothing properties of well-known substances like Vitamin E, Aloe Vera, and ARM & HAMMERTM Baking Soda to wrap and safeguard wounds as they recover.

The medical tapes segment is anticipated to grow at the fastest CAGR of about 4.09% over the forecast period. The majority of medical tapes are used to dress up both acute and chronic wounds. Over the projection period, drivers driving the market growth include an increase in the use of medical tapes and increased awareness of the use of medical adhesive products in sports injuries. Furthermore, these products have several advantages, such as silicone-based tapes that allow for consistent adhesion and are pleasant on the skin, which is predicted to help the market flourish. The medical tapes segment is further fragmented into plastic tape, paper tape, fabric tape, and other tapes. The other tapes include silicone, acrylic, and rubber tapes.

For instance, in February 2023, 3M introduced 3M Medical Tape 4578, a new medical adhesive that can adhere to the skin for a maximum of 28 days and can be used with a variety of sensors for long-time healthcare wearables and health monitors. Before 2022, the duration of medical adhesives had a maximum wearing time of 14 days. To support the delivery of a more patient-centric form of care, 3M currently doubles that standard.

Application Insights

In terms of application, the surgical wound segment dominated the market in 2022 with the largest revenue share of 58.14%. The management of surgical wounds after surgery requires surgical wound dressings. In addition to sterile gauze dressings, non-adherent dressings and complex wound dressings like hydrocolloids and hydrogels are all accessible among dressings. The type and location of the wound determine the best form of dressing. Small wounds or incisions may require sticky bandages or tapes to be covered after surgery, which are intended to encourage wound healing and guard against infection. The demand for surgical wound care products is influenced by an increase in elective and non-elective surgical procedures. Self-adherent bandages and antimicrobial dressings, among other advances in wound dressing materials, have improved patient comfort and outcomes.

The ulcer segment is anticipated to grow at the fastest CAGR of 4.58% over the forecast period. The primary factors driving the segment's growth are the rising incidence of chronic diseases, particularly diabetes, and the nation's growing senior population. For instance, as per the data published by the National Library of Medicine in August 2023, the occurrence of diabetic foot ulcers was between 9.1 and 26.1 million each year worldwide. In their lifetime, 15 to 25% of people with type 2 diabetes have the chance of getting a diabetic foot ulcer. The incidence of diabetic foot ulcers is bound to increase as more people are diagnosed with diabetes each year. Although diabetic foot ulcers can develop at any age, they are most common in people over 45 years of age with Type 2 diabetes. The majority of Americans with foot ulcers are Latinos, Native Americans, and African Americans.

End-use Insights

In terms of end-use, the hospitals segment captured the largest revenue share of over 28.00% in 2022. Dressings for surgical wound care and bone fractures are typically used in hospitals and should not be used at home. The segment's growth is being driven by an increase in surgical wounds due to more procedures being performed. Extended hospital stays and constant monitoring are required for the management of a surgical site infection. Furthermore, since medical tapes and bandages are frequently used in such circumstances, the rising prevalence of venous leg ulcers and diabetic foot ulcers is anticipated to drive the market growth. Therefore, such factors might encourage segment growth during the anticipated term.

The segment is also anticipated to witness the fastest CAGR of 3.91% over the forecast period. Furthermore, one of the primary drivers of the industry is the rising prevalence of surgical wounds. Surgical wound dressings necessitate continual monitoring, which is driving up patient demand for clinics. Hospitals offer wound care services to patients who need them for post-surgical care, chronic wounds, trauma, or other reasons. Medical tapes and bandages help avoid contamination and infection at wound sites, which is a priority for hospitals when it comes to infection control. Therefore, such factors are likely to boost segment growth during the projection period.

Regional Insights

North America dominated the market for medical tapes and bandages in 2022 with the largest revenue share of 45.46% in 2022. Increasing sports injuries, road accidents, and the presence of several key players in the region are anticipated to drive the market growth. In addition, an increase in the number of surgical procedures/hospital visits, a well-established healthcare infrastructure, and favorable reimbursement & regulatory rules in the healthcare industry are anticipated to present significant regional growth opportunities in the market.

For instance, the Centers for Medicare & Medicaid Services (CMS) estimated that health spending was 7.5% in the U.S. in 2022. In 2023, it is anticipated that spending will reach USD 1 trillion for the first time. As Baby Boomers stop enrolling and sequester cutbacks continue to deepen, the growth of Medicare spending is anticipated to drop to 4.3% by 2030. In addition, high disposable income in developed economies & skilled professionals are some factors responsible for the large share of the regional market.

In Asia Pacific, the market for medical tapes and bandages is anticipated to witness the fastest CAGR of 4.06% over the forecast period. This is due to the presence of key market players such as Smith & Nephew PLC, Medtronic, 3M, and B. Braun Melsungen AG, which drives the industry growth. The presence of a large patient pool and the growing need for technologically advanced & cost-efficient healthcare solutions are expected to present significant regional growth opportunities in the market. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for medical tapes and bandages in Asia Pacific in the coming years.

Key Companies & Market Share Insights

The key players are focusing on growth strategies, such as new product launches, regulatory approvals, expansion, collaborations, acquisitions, and partnerships. For instance, in January 2023, H.B. Fuller, a global leader in adhesive solutions, introduced Swift Melt 1515-I, marking its debut in the IMEA region (India, Middle East, and Africa) with a bio-compatible product. This innovative offering is specifically designed for medical tape applications, which cater to the needs of adhering to skin in challenging environmental conditions, such as the hot and humid climate prevalent in the Indian subcontinent. This initiative was expected to boost the company’s medical tapes and bandages during the forecast period. Some prominent players in the global medical tapes and bandages market include:

• 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

Medical Tapes And Bandages Market Report Scope

Global Medical Tapes and Bandages Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical tapes and bandages market report based on product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • 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 (Revenue, USD Million, 2018 - 2030)

  • Surgical Wound

  • Traumatic Wound

  • Ulcer

  • Sports Injury

  • Burn Injury

  • Other Injuries

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory Surgery Centers

  • Clinics

  • Retail

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait