Medical Tapes and Bandages Market Size 2021 with Growth Opportunities, Global Industry Share by Regions - Segmentation Analysis, Top Players with Impact of COVID-19 on Industry Forecast to 2027

 Global Medical Tapes and Bandages Market is expected to grow significently by 2027 expanding at a significant CAGR during the forecast period (2021-2027). The increasing cases of chronic wounds due to cancer, diabetes, cardiovascular diseases, etc. have stimulated the demand for medical tapes and bandages. Medical tapes and bandages are mainly used to treat surgical wounds, fractures, internal injuries, and other injuries. It signifies that the market for medical tapes and bandages will upsurge in the forecast period.

Factors driving the medical tapes and bandages market include the increasing prevalence of chronic diseases and conditions affecting wound healing capabilities. Furthermore, the growing incidences of diabetic ulcers and the number of traumatic or chronic wounds are also anticipated to drive the market. For instance, according to the IDF Diabetes Atlas Ninth edition 2019, 1 out of 5  people who are above 65 years old have diabetes and 1 out of 2 (232 million) people were suffering from diabetes but were undiagnosed. Moreover, the Rising occurrences of road accidents are also driving the growth of this market globally. For instance, according to World Health Organization, approximately 1.3 million people die each year because of road traffic crashes, and more than half of all road traffic deaths are among vulnerable road users pedestrians, cyclists, and motorcyclists.

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The COVID-19 pandemic has had a considerable effect on surgeons and patients who require surgical care. Providing care to patients with surgical diseases requires a distinctive and inti-mate relationship between patients and surgeons. This interaction and contact cannot be replaced by telehealth or teleconsultations. According to the Lancet Rheumatology in February 2021, almost 10 million people in the UK were waiting for surgical procedures, up from 4 million before the pandemic hit. Among them, there are nearly 100,000 patients whose joint replacement surgeries were canceled during the first COVID-19 wave. The UK was not alone in this dilemma, a US report predicted a backlog of more than 1 million joint and spinal surgeries by mid-2022. This shows the decreased uses of medical tapas and bandages.

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Based on products, the market is bifurcated into medical tapes and medical bandages. Medical tapes are further segmented into fabric tapes, paper tapes, plastic tapes, and other tapes. Medical bandages 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.

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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. 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.

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Additionally, the report provides detailed initiatives that are being taken in the field of medical tapes and bandages. The market is studied for distinct regions including North America (US, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for medical tapes & bandages and generated maximum revenue in 2020. Some of the major players operating in the market include Medtronic PLC, Smith & Nephew PLC, 3M Healthcare, Johnson & Johnson, Cardinal Health, Inc., Medline Industries, Inc., Derma Sciences Inc., Molnlycke Health Care AB, McKesson Corporation, 3L Medicinal Products Group, etc.

Global Medical Tapes and Bandages Market Segmentation

Market Insight, by Product

·       Medical Tapes

o   Fabric Tape

o   Paper Tapes

o   Plastic Tapes

o   Other Tapes

·       Medical Bandages

o   Muslin Bandage Rolls

o   Elastic Bandage Rolls

o   Triangular Bandages

o   Orthopedic Bandages

o   Elastic Plaster Bandages

o   Other Bandages

Market Insight, by Application

·       Surgical Wound

·       Traumatic Wound

·       Ulcer

·       Sports Injury

·       Burn Injury

·       Other Injuries

Market Insight, by End-user

·       Hospitals and Clinics

·       Ambulatory Surgery Centers

·       Retail

·       Others

Market Insight, by Region

·       North America Medical Tapes and Bandages Market

o   United States

o   Canada

o   Rest of North America

·       Europe Medical Tapes and Bandages Market

o   France

o   Germany

o   Italy

o   Spain

o   United Kingdom

o   Rest of Europe

·       Asia-Pacific Medical Tapes and Bandages Market

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·       Rest of World Medical Tapes and Bandages Market

Top Company Profiles

·       Medtronic PLC

·       Smith & Nephew PLC

·       3M Healthcare

·       Johnson & Johnson

·       Cardinal Health, Inc.

·       Medline Industries, Inc.

·       Derma Sciences Inc.

·       Molnlycke Health Care AB

·       McKesson Corporation

3L Medicinal Products Group