Medical Tapes and Bandages Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Product (Medical Tapes, Medical Bandages); Application (Surgical Wounds, Traumatic Wounds, Ulcers, Sports Injuries, Burn Injury, Others); End-User (Hospitals & Clinics, Ambulatory Surgery Centers, Retail, Others); and Region & Country.

Pages:

126

Table:

41

Figure:

82

Report ID:

UMHE21282

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Medical tapes are pressure-sensitive adhesive tapes which are used for supporting bandage or other wound dressings.  The different types of diseases need different types of bandages for their healing. For instance, the Ohio State University has developed a Prototype of biofilm bandage which will help the patients with better wound treatment in March 2019. These bandages belong to a class of therapies called electroceuticals, which are devices that use electrical impulses to treat medical issues such as wounds. Also, a surge in cases of chronic diseases like diabetes, cardiovascular diseases, and cancer are adding pace to the growth of the medical tapes and bandages market.

Moreover, the increasing mergers and acquisitions among companies along with constant research activities are also adding pace to the growth in the demand for medical tapes and bandages. For instance, in April 2021, the leading global hygiene and health company “Essity” acquired Bayport Brands which gave Essity the distribution rights of the wound care technology “Sorbact” in Australia and New Zealand. This acquisition further accelerates the growth in the advanced wound care market. Furthermore, the rising technological innovation in devices is also promoting the growth of medical tapes and bandages globally. For instance, the North-western University team has developed a new device, called a “regenerative bandage”, which rapidly heals painful wounds, hard-to-treat infections without using drugs. At the time of head-to-head tests, this bandage healed diabetic wounds 33% faster than the other most popular bandages available in the market.

The COVID-19 pandemic impacted the medical tapes and bandages industry in the early phase of the forecast period. For instance, according to the University of Birmingham in May 2020, more than 72.3% of elective surgeries were canceled during the period of COVID-19 across 190 countries. The highly canceled surgeries were observed in the field of orthopedic specialty, accounting for almost 6.3 million surgeries in only 12 weeks during the COVID-19 pandemic. The cancellation of surgeries reduced the use of medical tapes and bandages and shown a slight decline in this market for 12 weeks. But after that when surgeries again started this market started boosting at a continuous pace and it is estimated that this market will further upsurge in the forecast period.

Sales of Leading First Aid Tape/Bandage/Gauze/Cotton Brands in the United States in 2019 (USD Mn)

Medtronic PLC, Smith & Nephew PLC, 3M Healthcare, Johnson & Johnson, Cardinal Health, Inc., Medline Industries, Inc., Derma Sciences Inc., Molnlycke Health Care AB, McKesson Corporation, and 3L Medicinal Products Group are some of the prominent players operating in the medical tapes and bandages market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Product, Medical Bandages segment holds the major share”

Based on products, the market is bifurcated into medical tapes and medical bandages. Further, the medical tapes segment is sub-divided into fabric tapes, paper tapes, plastic tapes, and other tapes. Same way, the medical bandage segment is further divided into muslin bandage rolls, elastic bandage rolls, triangular bandages, orthopedic bandages, elastic plaster bandages, and other bandages. The medical bandages segment grabbed the major market in 2020 and it is anticipated to upsurge in the forecast period. The bandages protect against wounds, injuries, bacterial infections, and dirt. Also, it absorbs fluids from draining wounds and sustains a moist atmosphere to accelerate healing.

“Amongst Application, Surgical Wound segment is accounted for the majority of market share”

Based on application, the market is bifurcated into surgical wounds, traumatic wounds, ulcers, sports injuries, burn injury and other injuries. The surgical wounds segment accounted for the major revenue portion in 2020 owing to the increasing instances of different types of surgeries across the world.

“Amongst End-User, Hospitals & Clinics segment holds the major share”

Based on end-user, the market is bifurcated into hospitals & clinics, ambulatory surgery centers, retail, and others. The hospitals & clinics segment is anticipated to observe lucrative growth in 2020. As, hospitals have the significant infrastructure and facilities to treat any types of diseases like chronic wounds, burns, traumatic wounds, and laceration cases.

“North America signifies one of the largest markets of Ventricular assist devices market”

For a better understanding of the market dynamics of the Ventricular assist devices market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World. North America constitutes a major market for medical tapes & bandages and generated maximum revenue in 2020 owing to the presence of key companies and advanced infrastructures.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

Medical Tapes & Bandages Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

1.1Market Definitions  
1.2Objective of the Study 
1.3Limitation  
1.4Stake Holders  
1.5Currency Used in Report 
1.6Scope of the Global Medical Tapes and Bandages Market Study
2.1Research Methodology for the Global Medical Tapes and Bandages Market
 2.1.1Main Objective of the Global Medical Tapes and Bandages Market
3MARKET SYNOPSIS 
4EXECUTIVE SUMMARY
5TOP START-UPs UNDER MEDICAL TAPES AND BANDAGES INDUSTRY
6COVID-19 IMPACT
7GLOBAL MEDICAL TAPES AND BANDAGES MARKET REVENUE
8.1Medical Tapes  
 8.1.1Fabric Tapes 
  8.1.1.1Acetate 
  8.1.1.2Viscose 
  8.1.1.3Cotton 
  8.1.1.4Silk 
  8.1.1.5Polyester 
  8.1.1.6Other Fabric Tapes
 8.1.2Paper Tapes 
 8.1.3Plastic Tapes 
  8.1.3.1Polypropylene
  8.1.3.2Other Plastic Tapes
 8.1.4Other Tapes 
8.2Medical Bandages  
 8.2.1Muslin Bandage Rolls
 8.2.2Elastic Bandage Rolls 
 8.2.3Triangular Bandages 
 8.2.4Orthopaedic Bandages
 8.2.5Elastic Plaster Bandages
 8.2.6Other Bandages 
9.1Surgical Wound
9.2Traumatic Wound
9.3Ulcer 
9.4Sports Injury
9.5Burn Injury
9.6Other Injuries
10.1Hospitals and Clinics 
10.2Ambulatory Surgery Centers
10.3Retail  
10.4Others  
11.1NORTH AMERICA MEDICAL TAPES AND BANDAGES MARKET 
 11.1.1United States 
 11.1.2Canada  
 11.1.3Rest of North America
11.2EUROPE MEDICAL TAPES AND BANDAGES MARKET 
 11.2.1Germany  
 11.2.2France  
 11.2.3United Kingdom 
 11.2.4Spain  
 11.2.5Italy  
 11.2.6Rest of Europe 
11.3ASIA PACIFIC MEDICAL TAPES AND BANDAGES MARKET
 11.3.1China  
 11.3.2Japan  
 11.3.3India  
 11.3.4Australia  
 11.3.5Rest of Asia Pacific 
11.4REST OF THE WORLD MEDICAL TAPES AND BANDAGES MARKET 
12.1Market Drivers 
12.2Market Challenges
12.3Impact Analysis
13LEGAL & REGULATORY FRAMEWORK
14.1Demand Side Analysis 
14.2Supply Side Analysis  
 14.2.1Top Product Launches
 14.2.2Top Business Partnerships
 14.2.3Top Merger & Acquisitions
15VALUE CHAIN ANALYSIS
16MEDICAL TAPES AND BANDAGES MARKET OPPORTUNITIES
17MEDICAL TAPES AND BANDAGES MARKET TRENDS & INSIGHTS
18.1Porter’s Five forces analysis 
 18.1.1Bargaining power of Supplier
 18.1.2Bargaining power of Buyer
 18.1.3Industry Rivalry 
 18.1.4Availability of Substitute
 18.1.5Threat of new Entrants
19.1Medtronic PLC  
 19.1.1Key Facts  
 19.1.2Business Description 
 19.1.3Key Product/Services Offerings
 19.1.4Growth Strategy 
 19.1.5SWOT Analysis 
 19.1.6Key Financials 
  19.1.6.1Revenue Split
  19.1.6.2Financial Overview of Medtronic PLC
 19.1.7Recent Developments
  19.1.7.1Product Launch
  19.1.7.2Partnerships
  19.1.7.3Business Expansion and Investments
  19.1.7.4Merger and Acquisition
19.2Smith & Nephew PLC  
19.33M Healthcare  
19.4Johnson & Johnson  
19.5Cardinal Health, Inc.  
19.6Medline Industries, Inc. 
19.7Derma Sciences Inc.  
19.8Molnlycke Health Care AB 
19.9McKesson Corporation 
19.13L Medicinal Products Group 
20DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Medical Tapes and Bandages Market were the three major steps undertaken to create and analyze the adoption of medical tapes and bandages in different segments across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the ventricular assist devices sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the medical tapes and bandages through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the medical tapes and bandages market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are product, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of medical tapes and bandages in every region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of medical tapes and bandages. Further, we conducted factor analysis using dependent and independent variables such as the increasing prevalence of diseases and conditions affecting wound healing capabilities will upsurge the demand for medical tapes and bandages. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the medical tapes and bandages industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the medical tapes and bandages market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (USD) and the adoption rate of medical tapes and bandages across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the medical tapes and bandages market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the medical tapes and bandages market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, and end-user of the medical tapes and bandages market.

Main Objective of the Medical Tapes and Bandages Market Study

The current & future market trends of medical tapes and bandages were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of medical tapes and bandages in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, application, flow, and end-user
  • Define and analysis of the regulatory framework for the medical tapes and bandages industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the medical tapes and bandages market for the major region
  • Major regions studied in the report include North America (the United States and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, and Australia), and Rest of the World
  • Company profiles of the medical tapes and bandages market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry