Medical Tapes And Bandages Market To Reach $9.86 Billion By 2030

Medical Tapes And Bandages Market Growth & Trends

The global medical tapes and bandages market size is anticipated to reach USD 9.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.4% from 2024 to 2030. Technological advancements, rising wound care awareness, novel product launches, rising number of road accidents, and rising incidence of hospital-acquired infections (HAIs) are the key driving factors for the market growth.

Medical tapes and bandages are becoming more effective and convenient due to constant advances in adhesive technology and materials. These developments enhance patient outcomes and boost market expansion. For instance, in February 2023, researchers from Northwestern University created the first-ever tiny, elastic bandage that delivers electrotherapy..right to the wound site to speed up healing. This transient electronic bandage accelerates recovery by 30%. In addition, the bandage constantly tracks the course of recovery until it dissolves completely into the human body once it is no longer required. For individuals with diabetes, whose ulcers can result in several problems, including amputation of limbs or even death, the novel device may be a valuable tool. Thus, due to such factors, the market is expected to grow in the near future.

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Medical Tapes And Bandages Market Report Highlights

• In terms of product, the medical bandages segment dominated the market in 2023 with the largest revenue share of 57.59%. The increasing number of road accidents and rising incidence of healthcare-associated infections across the globe is the major factor propelling the segment growth

• In terms of application, the surgical wound segment dominated the market in 2023 with the largest revenue share of 57.98%. The swiftly rising prevalence of chronic diseases including cancer and diabetes is creating a demand for medical bandages and tapes

• In terms of end-use, the hospitals segment held the largest revenue share of 28.22% in 2023. The increasing number of hospitals in developing countries is expected to propel the segment growth

• Based on region, North America dominated the market with a revenue share of 45.50% in 2023. The market is competitive, with both established companies and emerging players striving to capture market share through product innovation, mergers, acquisitions, and partnerships. Thus, the presence of key players in this region enhances the industry growth
  

Medical Tapes And Bandages Market Segmentation

Grand View Research has segmented the global medical tapes and bandages market based on product, application, end-use, and region:

Medical Tapes And Bandages Product Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Tapes

  • Fabric Tapes

    • Acetate

    • Viscose

    • Cotton

    • Silk

    • Polyester

    • Other Fabric Tape

  • Paper Tapes

  • Plastic Tapes

    • Propylene

    • Other Plastic Tapes

  • Other Tapes

• Medical Bandages

  • Muslin Bandage Rolls

  • Elastic Bandage Rolls

  • Triangular Bandage Rolls

  • Orthopedic Bandage Rolls

  • Elastic Plaster Bandages

  • Other Bandages

Medical Tapes And Bandages Application Outlook (Revenue, USD Million, 2018 - 2030)

• Surgical Wound

• Traumatic Wound

• Ulcer

• Sports Injury

• Burn Injury

• Others Injury

Medical Tapes And Bandages End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgery Center

• Clinics

• Retail

• Others

Medical Tapes And Bandages Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List Of Key Players in the Medical Tapes And Bandages Market

• Smith & Nephew PLC

• Mölnlycke Health Care AB

• 3M

• McKesson Corporation

• Ethicon Inc. (JOHNSON & JOHNSON)

• B. Braun Melsungen AG

• Paul Hartmann AG

• Coloplast

• Integra Lifesciences

• Medtronic Industries