Global medical tapes and bandages market is projected to reach USD 7.39 Billion by 2022 | CAGR of 3.8%.
According to the new market research report "Medical
Tapes and Medical Bandages Market by Product (Tapes (Fabric, Paper, Plastic), Bandage (Gauze,
Adhesive, Cohesive & Elastic)), Application (Surgery, Trauma &
Laceration, Ulcer, Sport, Burns), End User (Hospitals, ASCS, Clinics, Homecare)
- Forecast to 2022", published by MarketsandMarkets™, analyzes
and studies the major market drivers, restraints/challenges, and opportunities
in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
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This
report studies the global medical tapes and medical bandages market over the
forecast period of 2017 to 2022. This market is projected to reach USD 7.39
Billion by 2022 from USD 6.13 Billion in 2017, at a CAGR of 3.8%. Factors such
as rising number of surgeries, increasing incidence of chronic wounds, and
rising geriatric population are driving the growth of the market.
Objectives of this study are:
·
To define, describe, and forecast the global medical tapes and
bandages market on the basis of products, applications, end user, and region
·
To provide detailed information regarding major factors
influencing growth of the market (drivers, restraints, opportunities, and
industry-specific challenges)
·
To analyze the micromarkets with respect to individual growth
trends, prospects, and contributions to the total market
·
To analyze the opportunities in the market for stakeholders and
provide details of the competitive landscape for market leaders
·
To forecast the revenue of the market segments with respect to
four main regions, namely, North America (U.S. and Canada), Europe (Germany,
France, U.K. Italy, Spain, Rest of Europe), Asia-Pacific (India, China, Japan,
Rest of Asia-Pacific), and the Rest of the World
·
To profile the key players and comprehensively analyze their
market shares and core competencies
·
To track and analyze competitive developments such as product
launches; agreements, partnerships, and joint ventures; mergers and
acquisitions; and research and development activities in the medical tapes
market
This research study involves the extensive use of secondary sources, directories, and databases (such as Hoover’s, Bloomberg Business, Factiva, and Avention), to identify and collect information useful for this technical, market-oriented, and financial study of the medical bandages market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.
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The global medical bandages market is projected to reach USD 7.39
Billion by 2022 from 6.13 Billion in 2017, at a CAGR of 3.8%. Some of the
factors driving the growth of this market are the increasing number of
surgeries and the growth in geriatric population.
This report broadly segments the medical tapes and bandages market
into product type, end user, application, and region. By product type, the
market is categorized into medical tapes and bandages. In 2016, the medical
bandages segment accounted for the largest share of the market. This can be
attributed to the high number of surgical procedures, increasing aging
population, and a rise in medical conditions which require surgical
intervention.
By applications, the market is segmented into surgical treatment,
traumatic & laceration injury treatment, sport & burn injury treatment,
ulcer treatment, and treatment of other injuries and wounds. The ulcer
treatments segment is expected to grow at the fastest rate during the forecast
period, due to the rising number of patients with ulcers due to growth in the
diabetic population.
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Based on end users, the
market is categorized into hospitals, clinics, ambulatory surgical centers, and
homecare setting. The hospitals segment accounted for the major share of the
market in 2016, owing to many surgical procedures performed in hospitals.
This report covers the
market across four major geographies, namely, North America, Europe, Asia-Pacific,
and the Rest of the World (RoW). Of the four geographic regions studied in the
report, Asia-Pacific is expected to register the highest growth rate during the
forecast period mainly due to rising an aging and diabetes-prone population.
The major players in the
market include 3M Company (U.S.), Medtronic plc (Ireland), Johnson &
Johnson Consumer Inc. (U.S.), Medline Industries, Inc. (U.S.), BSN Medical
(Germany), Cardinal Health, Inc. (U.S.), Beiersdorf (Germany), Nitto Denko
Corporation (Japan) Nichiban Co., Ltd. (Japan), Lohmann & Rauscher
(Germany), Derma Sciences Inc. (U.S.), Smith & Nephew (U.K.), B Braun
Melsungen AG (Germany), PAUL HARTMANN AG (Germany), Mölnlycke Health Care
(Sweden), Andover Healthcare Inc. (U.S.), Dukal Corporation (U.S.), Dynarex
Corporation (U.S.), AVCOR Health Care Products, Inc (U.S.), Tetra Medical
Supply Corporation (U. S.), Kerma Medical Products Inc. (U.S.), and DermaRite
Industries, LLC. (U.S.).
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