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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.
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.
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.
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.
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.