Medical Tapes and Bandages Market Size Report, Industry Share, Analysis, Growth, 2032

Medical Tapes and Bandages Market Insights

The global Medical Tapes and Bandages Market size was valued at USD 7.82 Billion in 2023 and is predicted to reach USD 10.57 Billion by the end of 2032. The market is expected to grow with a CAGR of 3.4% during the forecast period. The report analyzes the global Medical Tapes and Bandages Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Medical Tapes and Bandages industry.

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Medical Tapes and Bandages Market: Industry Perspective

The report covers forecasts and analyses for the global medical tapes and bandages market. The study provides historic data from 2018 to 2022 along with forecasts from 2024 to 2032 based on revenue (USD Million). In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

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Medical tapes and bandages are flexible sheets of materials that have glue on one side of it and these are used as a medical dressing for cuts, burns, ulcers, and wounds on the body. These tapes and bandages protect the wounded or injured part of the body from bacteria and germs and also protect these from getting worse. These are also known as band-aid which was firstly introduced by Johnson and Johnson. Due to increasing outdoor as well as indoor games and activities, the chances of getting injuries are high which are factors propelling the medical tapes and bandage market rapidly. Due to ease of usage and their availability, these healthcare products are in high demand in the market.

Medical Tapes and Bandages Market Growth Dynamics

The study also includes drivers and restraints for the medical tapes and bandages along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the medical tapes and bandages market on a global level. With the growing incidences of injuries in sports and other outdoor activities, the market for medical tapes and bandages is growing every year. According to the Stop Sports injuries report, there are more than 3.4 million kids below age 14 who receive medical treatment for injuries related to sports each year. The number of injuries under this age group is 40 percent of the total sport-related injuries treated in hospitals. According to the SSI report around 60% of organized sports, injuries occur at the time of practice. With the growing number of sports injuries, the demand for medical tapes and bandages is rising and hence propelling the global market.

Medical Tapes and Bandages Market: Segmentation Analysis

The study provides a decisive view of the medical tapes and bandages market by segmenting the market based on product, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product the market is segmented into medical tapes and medical bandages. The medical tape market is further segmented into fabric tape, paper tape, plastic tape, and other tapes, and the medical bandage market is further segmented into gauze bandages, adhesive bandages, cohesive and elastic bandages, and other bandages. The medical bandages segment accounted for a major share of the market in 2023.

Based on application the market is divided into surgical wounds, traumatic and laceration wounds, burns, ulcers, sports injuries, and other wounds. The ulcer treatments segment is likely to grow at a high CAGR during the forecast period, owing to the growing number of people with ulcers due to growth in the diabetic patient population.

Based on end users the market is segmented into hospitals, clinics, ambulatory surgical centers, and others. The hospital segment held the major share of the market in 2023, due to a large number of surgical procedures being performed in hospitals. Regional segmentation includes the current and forecast demand for the Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries.

Medical Tapes and Bandages Market: Report Scope

Medical Tapes and Bandages Market: Key Players

The report also provides a company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers, and industry experts. Some of the players included in the medical tapes and bandages market are:

• 3M Healthcare
• Paul Hartmann Pty Limited
• Smith & Nephew Plc
• Johnson & Johnson
• Medtronic Plc.
• Medline Industries Inc.
• Baxter International Inc.
• Cardinal Health Inc.
• Derma Sciences Inc.
• and Molnlycke Health Care

This report segments the global medical tapes and bandages market as follows:

Global Medical Tapes and Bandages Market: Product Segments

• Medical Tapes
  • Fabric Tape
  • Paper Tape
  • Plastic Tape
  • Other Tapes
• Medical Bandages
  • Gauze Bandage
  • Adhesive Bandage
  • Cohesive and Elastic Bandage
  • Other Bandages

Global Medical Tapes and Bandages Market: Application Segments

• Surgical Wounds
• Traumatic and Laceration Wounds
• Burns
• Ulcers
• Sport Injuries
• Other Wounds

Global Medical Tapes and Bandages Market: End User Segments

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Global Medical Tapes and Bandages Market: Regional Segments

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa