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Medical Tapes and Bandages Market Share

Report ID: GMI7090
Published Date: Oct 2023
Report Format: PDF

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Medical Tapes and Bandages Market Share

The medical tapes and bandages industry is consolidated, with major players such as 3M Company, Smith & Nephew, and others dominating the market. These companies are focused on continuous product innovation to secure a significant market share. For instance, in 2022, 3M unveiled a new adhesive tape designed for securing medical devices to a patient's skin over extended periods, with a usage duration of up to 21 days. This product, known as 3M Medical Tape 4576, is known for its flexibility, conformability, and strong adhesion to the skin. The introduction of such products can indeed be advantageous for the company, offering opportunities to expand its market share.

Some of the eminent market participants operating in the medical tapes and bandages industry include:

3M Company
Johnson & Johnson
Smith & Nephew
Hartmann Group
Covidien (Medtronic)
Mölnlycke Health Care
Paul Hartmann AG
Nitto Denko Corporation
Integra LifeSciences
B. Braun Melsungen AG
BSN medical (Essity)
Ansell
Dynarex Corporation
Winner Medical Group
Cardinal Health

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Medical tapes and bandages industry was worth USD 9.1 billion in 2022 and is projected to generate USD 13.6 billion in revenue by 2032 owing to high essentiality in the healthcare sector for wound care, injury management, and patient comfort.

Medical bandages market generated USD 5.3 billion in revenue in 2022 and is expected to witness high demand through 2032 attributed to the increasing demand for wound management due to the growing cases of chronic wounds.

U.S. medical tapes and bandages industry was worth USD 1.5 billion in 2022 and is poised to expand at notable CAGR from 2023-2032 driven by the sizable patient population base and the increasing demand for cost-effective, technologically advanced healthcare solutions.

Some of the major companies engaged in the medical tapes and bandages industry are 3M Company, Johnson & Johnson, Smith & Nephew, Hartmann Group, Covidien (Medtronic), Integra LifeSciences, B. Braun Melsungen AG, Ansell, Dynarex Corporation, and Cardinal Health, among others.