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Global Medical Tapes and Bandages Market: By Product Type: Medical Tapes, Medical Bangages, By Application: Surgical Wounds, Traumatic and Laceration Wounds, Burns, Ulcers, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Medical Tapes and Bandages Market Outlook
The global medical tapes and bandages market stood at a value of around USD 6.7 billion in 2020. The industry is further projected to grow at a CAGR of 4% over the forecast period of 2021-2026 to reach USD 8.3 billion by 2026.
Some of the factors driving the growth of the medical tapes and bandages industry are the increasing number of surgeries and the growth in the geriatric population globally.
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Properties and Applications
Medical tape is a adhesive tape, which is pressure-sensitive and is used to hold a bandage or other dressing on a wound in medicine and first aid.
The global medical tapes and bandages market can be divided based on segments like product type, end-use, and application.
The industry can be divided based on its product type as medical tapes and medical bandages. While the medical tapes segment is subdivided into fabric tape, paper tape, and plastic tape, among others, the medical bandages segment is subdivided into gauze bandage, adhesive bandage, and cohesive and elastic bandage, among others.
The industry is divided based on its end-uses into hospitals, clinics, and ambulatory surgical centres, among others.
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The industry can be broadly categorised based on its application into:
- Surgical Wounds
- Traumatic and Laceration Wounds
- Burns
- Ulcers
- Sports Injuries
The EMR report looks into the regional medical tapes and bandages markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The segment of medical bandages accounted for the largest market share in 2020. This development can be ascribed to the growing ageing population, the rising cases of accidents, and an increase in medical situations requiring surgery. Due to the increasing number of patients with ulcers owing to the growing diabetic population, the ulcers segment, among other applications, is anticipated to develop at the fastest pace during the forecast period. The hospitals segment, meanwhile, accounted for the largest market share in 2020 among other end-use sectors due to the rising number of surgical procedures conducted in hospitals. During the forecast period, the Asia Pacific is anticipated to record the fastest growth rate, primarily owing to increasing ageing and diabetes-prone population. It is, however, anticipated that increased awareness of sophisticated wound care would hinder the development of the market for medical tapes in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global medical tapes and bandages market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 3M Healthcare
- Johnson & Johnson (NYSE: JNJ)
- Smith & Nephew Plc
- Medtronic Plc.
- Cardinal Health Inc.
- Medline Industries, Inc.
- Baxter International Inc.
- Derma Sciences Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, End Use, Region |
| Breakup by Product Type | Medical Tapes, Medical Bandages |
| Breakup by Application | Surgical Wounds, Traumatic and Laceration Wounds, Burns, Ulcers, Sport Injuries |
| Breakup by End Use | Hospitals, Clinics, Ambulatory Surgical Centres, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 3m Healthcare, Johnson & Johnson (NYSE: JNJ), Smith & Nephew Plc (LON: SN), Medtronic Plc. (NYSE: MDT), Cardinal Health Inc. (NYSE: CAH), Medline Industries, Inc., Baxter International Inc. (NYSE: BAX), Derma Sciences Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
3.3 Cost Structure
4 Global Medical Tapes and Bandages Market Analysis
4.1 Global Medical Tapes and Bandages Historical Market (2016-2020) & Forecast (2021-2026)
4.2 Global Medical Tapes and Bandages Market Breakup by Product Type
4.2.1 Medical Tapes
4.2.1.1 Fabric Tape
4.2.1.2 Paper Tape
4.2.1.3 Plastic Tape
4.2.1.4 Other Types
4.2.2 Medical Bandages
4.2.2.1 Gauze Bandage
4.2.2.2 Adhesive Bandage
4.2.2.3 Cohesive and Elastic Bandage
4.2.2.4 Other Bandages
4.3 Global Medical Tapes and Bandages Market Breakup by Product Type: Historical Market (2016-2020) & Forecast (2021-2026)
4.3.1 Medical Tapes
4.3.1.1 Fabric Tape
4.3.1.2 Paper Tape
4.3.1.3 Plastic Tape
4.3.1.4 Other Types
4.3.2 Medical Bandages
4.3.2.1 Gauze Bandage
4.3.2.2 Adhesive Bandage
4.3.2.3 Cohesive and Elastic Bandage
4.3.2.4 Other Bandages
4.4 Global Medical Tapes and Bandages Market Breakup by Application
4.4.1 Surgical Wounds
4.4.2 Traumatic and Laceration Wounds
4.4.3 Burns
4.4.4 Ulcers
4.4.5 Sport Injuries
4.5 Global Medical Tapes and Bandages Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
4.5.1 Surgical Wounds
4.5.2 Traumatic and Laceration Wounds
4.5.3 Burns
4.5.4 Ulcers
4.5.5 Sport Injuries
4.6 Global Medical Tapes and Bandages Market Breakup by End Use
4.6.1 Hospitals
4.6.2 Clinics
4.6.3 Ambulatory Surgical Centres
4.6.4 Others
4.7 Global Medical Tapes and Bandages Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
4.7.1 Hospitals
4.7.2 Clinics
4.7.3 Ambulatory Surgical Centres
4.7.4 Others
4.8 Global Medical Tapes and Bandages Market Breakup by Region
4.8.1 North America
4.8.1.1 United States of America
4.8.1.2 Canada
4.8.2 Europe
4.8.2.1 Germany
4.8.2.2 United Kingdom
4.8.2.3 France
4.8.2.4 Italy
4.8.2.5 Others
4.8.3 Asia Pacific
4.8.3.1 China
4.8.3.2 Japan
4.8.3.3 India
4.8.3.4 ASEAN
4.8.3.5 Others
4.8.4 Latin America
4.8.4.1 Brazil
4.8.4.2 Argentina
4.8.4.3 Mexico
4.8.4.4 Others
4.8.5 Middle East & Africa
4.8.5.1 Saudi Arabia
4.8.5.2 United Arab Emirates
4.8.5.3 Nigeria
4.8.5.4 South Africa
4.8.5.5 Others
4.9 Global Medical Tapes and Bandages Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
4.9.1 North America
4.9.1.1 United States of America
4.9.1.2 Canada
4.9.2 Europe
4.9.2.1 Germany
4.9.2.2 United Kingdom
4.9.2.3 France
4.9.2.4 Italy
4.9.2.5 Others
4.9.3 Asia Pacific
4.9.3.1 China
4.9.3.2 Japan
4.9.3.3 India
4.9.3.4 ASEAN
4.9.3.5 Others
4.9.4 Latin America
4.9.4.1 Brazil
4.9.4.2 Argentina
4.9.4.3 Mexico
4.9.4.4 Others
4.9.5 Middle East & Africa
4.9.5.1 Saudi Arabia
4.9.5.2 United Arab Emirates
4.9.5.3 Nigeria
4.9.5.4 South Africa
4.9.5.5 Others
5 SWOT Analysis
5.1 Overview
5.2 Strengths
5.3 Weaknesses
5.4 Opportunities
5.5 Threats
6 Porter’s Five Forces Analysis
6.1 Overview
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
6.6 Substitutes
7 Key Players & Company Profiles
7.1 3m Healthcare
7.2 Johnson & Johnson (NYSE: JNJ)
7.3 Smith & Nephew Plc (LON: SN)
7.4 Medtronic Plc. (NYSE: MDT)
7.5 Cardinal Health Inc. (NYSE: CAH)
7.6 Medline Industries, Inc.
7.7 Baxter International Inc. (NYSE: BAX)
7.8 Derma Sciences Inc.
7.9 Others
8 Industry Events and Developments
Key Questions Answered in the Report
In 2020, the global medical tapes and bandages market attained a value of nearly USD 6.7 billion.
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to grow in the forecast period of 2021-2026 to reach about USD 8.3 billion by 2026.
The major drivers of the industry, such as the development of the wound care management sector, growing incidences of sports injury, increasing geriatric population, growing number of surgeries and trauma cases, and the increasing awareness regarding healthcare, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing investment in the R&D activities by the key players and the improving healthcare standards in the emerging nations.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Medical bandages represent the leading product type in the industry.
Surgical wounds, traumatic and laceration wounds, burns, ulcers, and sports injuries are the major applications of the product.
The hospitals segment is the leading the end use segment of the product.
The major players in the industry are 3M Healthcare, Johnson & Johnson, Smith & Nephew Plc, Medtronic Plc., Cardinal Health Inc., Medline Industries, Inc., Baxter International Inc., and Derma Sciences Inc., among others.
Analyst Review
The global medical tapes and bandages market attained a value of USD 6.7 billion in 2020, driven by the expansion of the wound care management sector and the growing prevalence of accidents and sports injury. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%. The medical tapes and bandages market is projected to reach USD 8.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the medical bandages segment leads the overall industry. On the basis of application, the industry is divided into surgical wounds, traumatic and laceration wounds, burns, ulcers, and sports injuries. On the basis of end use, the industry is categorised into hospitals, clinics, and ambulatory surgical centres, among others, where the hospitals segment accounts for the largest market share. The major regional markets for medical tapes and bandages are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 3M Healthcare, Johnson & Johnson, Smith & Nephew Plc, Medtronic Plc., Cardinal Health Inc., Medline Industries, Inc., Baxter International Inc., Derma Sciences Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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