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Medical Tapes and Bandages Market Trends

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

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Medical Tapes and Bandages Market Trends

As surgical procedures become more advanced and accessible, the demand for medical tapes and bandages has experienced a parallel surge. With the advent of minimally invasive procedures, an aging population base, and increased accessibility to surgery, the demand for medical tapes and bandages has soared. These essential products serve critical functions in wound closure, infection control, and post-operative care.

The development of minimally invasive procedures, such as laparoscopy and endoscopy, which was worth USD 36.9 million in 2022, has made surgery less invasive and reduced recovery times. These procedures often require specialized tapes and dressings for wound closure and post-operative care.
Surgical interventions are not limited to planned surgeries. Emergency surgeries, such as trauma or cardiac interventions, also necessitate quick access to medical tapes and bandages for wound care and stabilization.

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.