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Medical Tapes and Bandages Market Size

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

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Medical Tapes and Bandages Market Size

Medical Tapes and Bandages Market size was valued at USD 9.1 billion in 2022 and is estimated to account for USD 13.6 billion by 2032. Medical tapes and bandages are essential products used in the healthcare industry for various purposes, primarily related to wound care, injury management, and patient comfort. Sports injuries, accidents, and traumatic wounds directly affect the demand for medical tapes and bandages.

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According to the U.S. National Safety Council (NSC), in 2022, around 3.6 million people were treated in emergency departments for injuries related to sports and recreational equipment reflecting upon the product demand.

The demand for medical tapes and bandages is not static; it changes with healthcare needs and societal dynamics. One significant driver for this demand is the rise in accidents and traumatic wounds. These products serve a crucial role in providing immediate first aid, controlling bleeding, stabilizing injuries, and promoting the healing process. It is essential for healthcare providers, manufacturers, and policymakers to collaborate to ensure a constant supply of high-quality medical tapes and bandages to meet the healthcare needs generated by this alarming trend.

Medical Tapes and Bandages Market Report Attributes
Report Attribute	Details
Base Year:	2022
Medical Tapes and Bandages Market Size in 2022:	USD 9.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.2 %
2032 Value Projection:	USD 13.6 Billion
Historical Data for:	2018 to 2022
No. of Pages:	203
Tables, Charts & Figures:	341
Segments covered:	Product, Application, End-use, and Region
Growth Drivers:	Rise in number of sports injuries and physical activity Increasing number of surgeries/operations Growing burden of pressure ulcers, diabetic foot, and other diseases Rise in the awareness of advanced wound care and infection control products
Pitfalls & Challenges:	High challenges of price sensitivity of the market Intense competition in the market

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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.