Medical tapes and bandages are essential supplies in the medical and healthcare industries. They play an important role in protecting wounds, providing support, and preventing infection. The global medical tapes and bandages market is projected to experience significant growth over the forecast period due to increasing demand for adhesive tapes and bandages, rising prevalence of chronic diseases, and growing geriatric population.
Medical tapes and bandages are adhesive products used to provide support or immobilize injured or weakened body parts. They are also used to cover wounds, hold dressings in place, secure splints and casts, and provide compression for sprains, strains, and other injuries. Medical tapes and bandages come in a variety of forms and materials, such as cotton, elastic, and synthetic fabrics. They are available in various sizes and shapes, including strips, rolls, and patches.
Currently, Medical Tapes and Bandages Market is projected to reach USD 8.6 Billion by 2026 from USD 7.1 Billion in 2021, at a CAGR of 4.0 % during the forecast period. The rising number of surgeries, increasing incidence of chronic wounds, and rising geriatric population are the major factors that are expected to drive the growth of the medical tapes and bandages market during the forecast period. However, the rising awareness about advanced wound care products is expected to restrain market growth in the coming years.
The medical tapes and bandages market is segmented based on product type, end-user, and geography. Based on product type, the market is divided into surgical tapes, athletic tapes, wound care tapes, transdermal patches, and others. The surgical tapes segment is expected to account for the largest market share during the forecast period due to rising demand for tapes used in surgeries and other medical procedures. The wound care tapes segment is expected to witness a significant growth during the forecast period due to increasing demand for wound closure products.
Based on end-user, the medical tapes and bandages market is segmented into hospitals, specialty clinics, home healthcare, and others. The hospitals segment is expected to account for the largest market share over the forecast period due to increasing number of surgeries and other medical procedures. The home healthcare segment is expected to witness a significant growth during the forecast period due to increasing preference for home care.
Geographically, the medical tapes and bandages market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the market during the forecast period due to increasing demand for bandages, rising prevalence of chronic diseases, and growing geriatric population in the region. The Asia Pacific is expected to witness a significant growth during the forecast period due to increasing healthcare spending and rising number of hospitals in the region.
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The major players in this market are Stericycle (US), Veolia Environnement S.A. (France), Sharps Compliance, Inc. (US), Waste Management, Inc. (US), Clean Harbors, Inc. (US), REMONDIS SE CO. KG. (Germany), BioMedical Waste Solutions LLC (US), Daniel Sharpsmart, Inc. (Australia), Republic Services, Inc. (US), EcoMed Services (US), GRP Associates, Inc. (US), BWS, Inc. (US), MedPro Disposal (US), GIC Medical Disposal (Canada), Gamma Waste Services (US), Triumvirate Environmental, Inc. (US), EPCO (Saudi Arabia), All Medical Waste Australia PTY. LTD. (Australia), Casella Waste Systems (US), Pro-Disposal (Georgia), SSO Medical Waste Management (US), SafeGuard Waste Solutions (US), MedWaste Industries, Inc. (US), Dulsco (Dubai)
The Role of Medical Tapes and Bandages in Healthcare
Medical tapes and bandages are essential components of the healthcare industry. They are used to secure wound dressings, to bind splints, to hold dressings in place, and to provide compression. They are also used to protect wounds from external contamination, reduce the risk of infection, and protect skin from irritation. Additionally, they can be used to provide support and immobilize injured limbs. Medical tapes and bandages are an important part of many medical treatments and procedures and can help to improve patient care and outcomes.
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Recent Developments
- In April 2021, Essity acquired Bayport Brands which gave Essity distribution rights of the wound care technology Sorbact in Australia and New Zeland from Bayport Brands this will further accelerate the growth in the wound care market.
- In April 2020, Medline Industries partnered with Yale New Haven for the exclusive supply of medical supplies along with supply chain and logistics solutions.
- In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.
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