The global medical tapes and bandages market was valued at USD 7.4billion in 2021 and it is anticipated to grow up to USD 11.4 billion by 2031, at a CAGR of 4.5% during the forecast period.
Medical tapes are the pressure sensitive adhesive tapes used for supporting bandage or other wound dressings. Medical bandages are a cotton gauge cloth beneficial for supporting medical devices such as surgical dressing or splint. Medical tapes and bandages are used to maintain moisture at site of dressing, promote wound healing and provide mechanical & bacterial protection to the wound.
To Remain ‘Ahead’ Of Your Competitors, Request for A Sample: https://www.globalinsightservices.com/request-sample/GIS10329
Market Trends and Drivers:
Growing prevalence of diseases and conditions affecting wound healing capabilities this will increased the demand for medical tapes and bandages thereby, augment the market growth. Chronic wounds mainly include wound such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. A diabetic foot ulcer is a major complication of diabetes. As diabetes slows down the healing process, all types of ulcers, other chronic and acute wounds, even minor cuts, take time to heal, prolonging treatment type, which in turn increases consumption of medical tapes and bandages used for dressings and re-dressings. In addition, due to prolonged healing time, in some cases, even minor cuts turn into chronic wounds, further increasing the demand for dressings. For instance, according to the International Diabetes Federation (IDF), the global diabetic cases will increase from 415.0 million in 2015 to 642.0 million by 2040. Similarly, as per the CDC estimates that one in three American adults will have diabetes by 2050.
Market Restraints and Challenges:
Rising awareness about advanced wound care products may restrain the market growth. Advanced wound care accelerates the healing process for many chronic wounds by providing and promoting a moist environment. As basic/traditional wound care products take a large amount of time for healing of wounds and are less effective in certain types of wounds, advanced wound care products are being used as first-line therapy wherever infection control and healing speed are major concerns. Considering their effectiveness, coupled with the limitations of basic/traditional wound dressings, advanced and active wound care products are expected to cannibalize the market for medical bandages and tapes in the coming years.
Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS10329
Global Medical Tapes and Bandages Market Segmentation:
By Product
- Bandages
- Medical Tapes
By Application
- Surgical Wound Treatment
- Traumatic Wound Treatment
- Ulcer Treatment
- Sports Injury Treatment
- Burn Injury Treatment
- Others
By End-user
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Home Care Settings
Major Players in the Global Medical Tapes and Bandages Market:
The key players in the market are 3M Company (US), Johnson & Johnson (US), Cardinal Health Inc. (US), Medline Industries Inc.(US), Essity (Sweden), McKesson Corporation (US), Integra Lifesciences Holdings Corporation (US), Smith & Nephew Plc., (US), B. Braun Melsungen AG (Germany), and PAUL HARTMANN AG (Germany), among others.
For In-Depth Competitive Analysis, Purchase this Report: https://www.globalinsightservices.com/checkout/single_user/GIS10329
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1–833–761–1700
Website: https://www.globalinsightservices.com/