Product Code: RP-ID-10059275 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10059275
Market Overview:
Global Medical Tapes and Bandages Market Outlook 2030
"By the end of 2021, the global medical tape and bandage market is likely to mark the revenue of USD~9 billion, thus expected to intensify at a CAGR of ~7% over the period 2022-2030. Diabetes, cancer and other autoimmune diseases are driving the market. Factors such as antimicrobial resistance, unhealthy and sedentary lifestyles, drinking and smoking are leading to an increase in the prevalence of non-communicable diseases. According to the National Diabetes Statistics Report issued by the Centers for Disease Control and Prevention (CDC), in 2017, more than 100 million people in the United States had diabetes or pre-diabetes. In addition, the World Health Organization reported that in 2016, approximately 1.6 million people worldwide died directly from diabetes. Cancer has always been a global health burden because it is one of the main causes of death. According to estimates by the World Health Organization, cancer is the leading cause of death worldwide, and almost one-sixth of deaths can be attributed to the disease. In addition, they report that more than 70% of cancer-related deaths usually occur in low- and middle-income countries. As the prevalence of chronic diseases has increased and the number of operations performed has also increased, wound care products and bandages are increasingly used to prevent infections at the surgical site. Most surgical wounds after cancer surgery are relatively large and deep, and produce exudate that requires regular treatment.
Wound dressing products, such as bandages, gauze, and tape, as well as medical bandage and tape products, such as hydrogels, alginates, and foam, help treat large wounds and significantly reduce the risk of infection. Therefore, the increase in the incidence of chronic diseases is expected to increase the demand for wound care products and medical bandages and tapes, thereby driving market growth. To drive the market. For example, according to the World Health Organization (2018), about 1,000,000 people in India suffer severe or moderate burns each year. In addition, according to the National Center for Biotechnology Information (NCBI), in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the United Kingdom reported an increase in the incidence of burns. In addition, according to data from the American Association of Traumatic Surgery (AAST), there were about 1.2 million deaths worldwide in 2017, which is equivalent to about 3,242 deaths in traffic accidents every day. Traffic accidents mainly occur in low-income and middle-income countries. Biomaterials and skin substitutes are mainly used for the healing of all types of burns. In addition, bandages and gauze are used to treat small wounds. Therefore, the increase in the number of accidents is expected to drive the demand for medical bandages and tapes, which is expected to lead to considerable market growth during the forecast period.
PRODUCT INSIGHT :
The medical bandage segment by product type has the largest share in 2020, at 55%, and it is expected to see considerable growth during the forecast period. Bandages are mainly used as dressings and supporting splints for wounds, sports injuries and fractures. After surgery, bandages are used to keep the entire body structure compressed by restricting the movement of body parts. Bandages are usually made of a variety of materials, such as plastics, fabrics, synthetic materials, or elastic materials. The bandage is attached with an adhesive or elastic structure as its supporting system. According to products, the medical bandage and tape market has been subdivided into medical bandages and tape. Medical bandages are subdivided into muslin bandage rolls, elastic bandages, triangle bandages, orthopedic bandages, plaster elastic bandages, etc. The medical bandage segment is expected to grow the fastest during the forecast period. Medical tape is mainly used to heal acute and chronic wounds. The increase in the use of medical tapes and the increased awareness of the use of medical adhesive products in sports injuries are the driving factors for this market segment. In addition, products such as silicone-based tapes help to maintain adhesion and are gentle on the skin, which is conducive to the growth of this market segment. Medical tape is further subdivided into cloth tape, paper tape, plastic tape and other tapes. Other tapes include silicone, acrylic and rubber tape.
APPLICATION INSIGHT:
Surgical wounds by application segment have the largest share in 2020, at 60%, and are expected to achieve substantial growth during the forecast period. The increase in trauma and burn cases worldwide is increasing the number of surgical operations. Therefore, the increase in the number of operations may increase the number of surgical wounds, thereby promoting segmental growth during the prognosis period. According to the application, the market has been subdivided into surgical wounds, traumatic wounds, ulcers, sports injuries, burns and other injuries. It is expected that during the forecast period, there will be considerable growth in the ulcer part. The increase in cases of chronic diseases (especially diabetes) and the increase in the countrys elderly population are the main factors driving the development of this market segment. For example, according to the U.S. Census Bureau, from 2016 to 2017, the number of people aged 65 and over increased by 1.6 million. Therefore, this market segment is expected to witness considerable growth during the forecast period.
END USE INSIGHTS :
The hospital sector by end use has the largest share in 2020, at 28%, and is expected to grow the fastest during the forecast period. Surgical wound care dressings and fracture dressings are mainly suitable for hospital use, not for home care. Due to the increase in the number of operations, the increase in surgical wound cases is driving the development of this market segment. Treatment of surgical site infections requires long-term hospitalization and continuous monitoring. In addition, since medical tapes and bandages are mainly used in such situations, it is expected that the increase in cases of diabetic foot ulcers and venous ulcers of the lower extremities will promote the development of this market segment. Therefore, these factors may increase the growth of market segments during the forecast period. In the prognosis period, the increase in the number of clinics and surgical procedures is the main factor leading to the growth of this market segment. In addition, the increase in the incidence of surgical wounds is one of the main drivers of this market segment. As patients’ demand for clinics continues to increase, surgical wound dressings need to be continuously monitored. Therefore, these factors are expected to increase the growth of this segment during the forecast period.
REGIONAL INFORMATION:
North America dominated the market with a share of 46% in the total revenue in 2020, and it is expected to see considerable growth during the forecast period 2022-2030. The increase in traffic accidents, the increase in sports injuries, and the presence of several major players in the region are expected to drive the market. In addition, the presence of highly developed medical infrastructure and well-trained professionals is expected to drive the market during the forecast period. The Asia-Pacific region is expected to witness the fastest growth during the forecast period. It is expected that the presence of developing countries such as China, India and Japan will promote market growth in the Asia-Pacific region. In addition, the rapid growth of medical tourism in these countries can be attributed to the increased demand for wound dressing products in the region. For example, according to the report of the General Directorate of Business Intelligence and Statistics of India (DGCI&S) on the export of medical services, in 2016-2017, there were 58,300 medical tourists holding medical visas in India.
MAJOR COMPANIES AND MARKET SHARE PROSPECTS :
Major players participate in strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their market share. For example, in May 2019, 3M acquired Acelity, Inc. in order to strengthen its wound management solutions and expand its customer base. Major players are investing heavily in research and development to manufacture technologically advanced products. For example, in April 2019, Smith &; Nephew PLC acquired Osiris Therapeutics, Inc., with the goal of accelerating the development of its medical tape and bandage product portfolio, thereby expanding its customer base and market scope. Some of the major players in the global medical bandage and tape market include: Smith & Nephew PLC Mölnlycke Health Care ABEthicon Inc. (JOHNSON & JOHNSON) Medtronic 3MBeiersdorf AG Urgo Medical Dynarex Corporation Winner Medical Group, Inc. McKesson Corporation Cardinal Health 3L Medical products group B Braun Melsungen AG. MARKET SEGMENTS COVERED BY THE REPORT: The report forecasts global, regional and national revenue growth, and analyzes the latest industry trends and opportunities in each market segment from 2022-2030. To this end, Kenneth Research has segmented the global medical tapes and bandages market report according to product, application, end use and region: Product outlook (revenue, million dollars, 2022-2030) medical tape fabric acetate fiber viscose cotton silk Polyester other fabric tape, paper tape, plastic tape, polypropylene, other plastic tape, measuring bandage, linen, elastic bandage, roll bandage, triangle bandage, orthopedic bandage, elastic plaster bandage, burns, other injuries, Persp hospital terminal asset income, 20 million US dollars. "
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