Medical tapes and bandages are essential supplies in any medical facility, providing a quick and easy way to secure dressings and bandages in place. Medical tapes and bandages have been around for centuries and are still widely used by medical professionals today.
Medical tapes and bandages are designed to provide a secure and comfortable fit while protecting the wound from dirt and other contaminants. They come in a variety of materials, from paper to cloth to plastic. Different types of medical tapes and bandages are available to suit a variety of needs, from securing dressings to keeping cuts and scrapes clean.
Currently, Medical Tapes and Bandages Market is projected to reach USD 8.6 Billion by 2026 from USD 7.1 Billion in 2021, at a CAGR of 4.0 % during the forecast period. The rising number of surgeries, increasing incidence of chronic wounds, and rising geriatric population are the major factors that are expected to drive the growth of the medical tapes and bandages market during the forecast period. However, the rising awareness about advanced wound care products is expected to restrain market growth in the coming years.
tapes and bandages can be used for a variety of purposes. They can be used to secure dressings, keep bandages in place, and protect wounds from dirt and other contaminants. They can also be used to secure IV lines and catheters in place, or to hold splints and casts in place. Medical tapes and bandages come in a variety of sizes and shapes to suit the needs of each patient.
tapes and bandages are relatively easy to use and can be applied quickly without the help of a medical professional. However, it’s important to use the correct type of medical tape and bandage for the specific purpose, as some medical tapes and bandages can be dangerous if used incorrectly. Additionally, medical tapes and bandages should be changed regularly to avoid the risk of infection.
Request for assumptions & how numbers were triangulated.
Growth Drivers: Growing prevalence of diseases and conditions affecting wound healing capabilities.
Chronic wounds mainly include wounds such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. A diabetic foot ulcer is a major complication of diabetes. As diabetes slows down the healing process, all types of ulcers, other chronic and acute wounds, even minor cuts, take longer to heal, prolonging treatment types, which in turn increases consumption of medical tapes and bandages used for dressings and re-dressings. Furthermore, because of the long healing times, minor cuts can become chronic wounds, increasing the demand for dressings.
Growth Opportunities: Growth potential in emerging economies
Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities to players operating in the medical tapes and bandages market. This can primarily be attributed to the rising trend of medical tourism in these emerging countries. The availability of high-quality surgical treatments at lower costs is the key factor attracting patients to these countries for elective surgeries. The increasing popularity of cosmetic surgeries and the developing healthcare infrastructure in emerging countries are the other major factors that are expected to offer growth opportunities to market players. In order to leverage the high growth opportunities for medical tapes and bandages in emerging markets, manufacturers are strategically focusing on expanding their presence in these markets.
Medical tapes and bandages provide a safe and effective solution for securing dressings and bandages in place. They can provide much-needed protection, support, and comfort to patients, and are an essential part of any medical facility.
Download an Illustrative Overview:
In April 2021, Essity acquired Bayport Brands which gave Essity distribution rights of the wound care technology Sorbact in Australia and New Zeland from Bayport Brands this will further accelerate the growth in the wound care market.
In April 2020, Medline Industries partnered with Yale New Haven for the exclusive supply of medical supplies along with supply chain and logistics solutions.
In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.