Rising number of surgeries, the increasing incidence of diabetes, and the rising geriatric population. The global medical bandages market is projected to reach USD 7.39 Billion by 2022 from 6.13 Billion in 2017, at a CAGR of 3.8%.

What are segments in Medical Tapes and Bandages Market?

This report broadly segments the medical tapes and bandages market into product type, end user, application, and region. By product type, the market is categorized into medical tapes and bandages. In 2016, the medical bandages segment accounted for the largest share of the market. This can be attributed to the high number of surgical procedures, increasing aging population, and a rise in medical conditions which require surgical intervention.

Applications

By applications, the market is segmented into surgical treatment, traumatic & laceration injury treatment, sport & burn injury treatment, ulcer treatment, and treatment of other injuries and wounds. The ulcer treatments segment is expected to grow at the fastest rate during the forecast period, due to the rising number of patients with ulcers due to growth in the diabetic population.

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End User

Based on end users, the market is categorized into hospitals, clinics, ambulatory surgical centers, and homecare setting. The hospitals segment accounted for the major share of the market in 2016, owing to a large number of surgical procedures performed in hospitals.

Geographical Region Covered 

This report covers the market across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Of the four geographic regions studied in the report, Asia-Pacific is expected to register the highest growth rate during the forecast period mainly due to rising an aging and diabetes-prone population.

How is wound care is expected to grow in medical tapes and bandages market?

Rising awareness about advanced Wound Care is expected to hinder the growth of the medical tapes market. Advanced wound accelerates the healing process for many chronic wounds by providing and promoting a moist environment. As basic/traditional wound care products take a large amount of time to heal wounds and are less effective for certain types of wounds, Advanced Wound Care products are being used as first-line therapy wherever Infection Control and healing speed are major concerns. Considering their effectiveness, coupled with the limitations of basic/traditional wound dressings, advanced and active wound care products are seen as a prominent restraint for the market.

Key Players 

The major players in the market include 3M Company (U.S.), Medtronic plc (Ireland), Johnson & Johnson Consumer Inc. (U.S.), Medline Industries, Inc. (U.S.), BSN Medical (Germany), Cardinal Health, Inc. (U.S.), Beiersdorf (Germany), Nitto Denko Corporation (Japan) Nichiban Co., Ltd. (Japan), Lohmann & Rauscher (Germany), Derma Sciences Inc. (U.S.), Smith & Nephew (U.K.), B Braun Melsungen AG (Germany), PAUL HARTMANN AG (Germany), Mölnlycke Health Care (Sweden), Andover Healthcare Inc. (U.S.), Dukal Corporation (U.S.), Dynarex Corporation (U.S.), AVCOR Health Care Products, Inc (U.S.), Tetra Medical Supply Corporation (U. S.), Kerma Medical Products Inc. (U.S.), and DermaRite Industries, LLC. (U.S.).

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