Global Medical Tapes Market, By Product Type (Adhesive Tapes, Elastic Tapes, Silicone Tapes, Paper Tapes, Silk Cloth Tapes, Medical Breathable PE (Polyethylene) Tape, Medical Breathable Non-Woven Tape, Easy-Tear Non-Woven Cloth Tape, Medical Rayon Tape), Application (Splints, Wound Dressings, Secure IV Lines, Ostomy Seals, Surgeries), Distribution Channel (Hospitals, Ambulatory Surgical Centers (ASC), Clinics, Homecare Settings), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Medical Tapes Market
Medical tapes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 1761.94 million by 2028 growing at a CAGR of 5.16% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of medical tapes which will further create lucrative opportunities for the growth of the market.
Medical tapes are referred to as surgical tapes, available for securing dressings and bandages on wounds in different ways. Hospital tapes are used to mitigate sports accidents and to protect IV drips that are used to treat different health conditions. Medical tape allows air to pass through it, so it does not cause any skin damage.
Surging volume of patients suffering from wounds, burns, and injuries, increasing concern about patient safety among clinicians, rising incidence of healthcare acquired infections (HAIs), rapid growth in surgical operations/procedures, introduction of single-patient use products, increasing focus of product manufacturers to introduce differential products for enhanced safety and wider applications in a bid to increase their market share are some of the major as well as vital factors which will likely to augment the growth of the medical tapes market in the projected timeframe of 2021-2028. On the other hand, increasing adoption of strategies such as product differentiation along with rising prevalence of geriatric population and new product launch which will further contribute by generating massive opportunities that will lead to the growth of the medical tapes market in the above mentioned projected timeframe.
Stringent government rules and regulations in developed as well as developing countries along with availability of advance wound care products which will likely to act as market restraints factor for the growth of the medical tapes in the above mentioned projected timeframe. Lack of proper guidelines for selection and use of medical tapes along with development of medial adhesive related skin Injuries (MARSI) which will become the biggest and foremost challenge for the growth of the market.
This medical tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Tapes Market Scope and Market Size
Medical tapes market is segmented on the basis of product type, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the medical tapes market is segmented into adhesive tapes, elastic tapes, silicone tapes, paper tapes, silk cloth tapes, medical breathable PE (polyethylene) tape, medical breathable non-woven tape, easy-tear non-woven cloth tape, and medical rayon tape. Adhesive tapes have been further segmented into waterproof zinc oxide adhesive cloth tape, and zinc oxide adhesive cloth tape.
- Medical tapes market has also been segmented based on the application into splints, wound dressings, secure IV lines, ostomy seals, and surgeries.
- Based on distribution channel, the medical tapes market is segmented into hospitals, ambulatory surgical centers (ASC), clinics, and homecare settings.
Medical Tapes Market Country Level Analysis
Medical tapes market is analysed and market size insights and trends are provided by country, product type, application and distribution channel as referenced above.
The countries covered in the medical tapes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical tapes market due to the increasing prevalence of chronic heart disease, diabetic foot, and lifestyle disorders, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the rising prevalence of chronic wounds, availability of a wide variety of products along with large number of patients and favourable market dynamics in the region.
The country section of the medical tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Medical tapes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for medical tapes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical tapes market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Tapes Market Share Analysis
Medical tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical tapes market.
The major players covered in the medical tapes market report are 3M; Johnson & Johnson Services, Inc.; PAUL HARTMANN AG; Scapa Group plc; Milliken & Company.; ATL Corp.; Medtronic; AVERY DENNISON CORPORATION.; NICHIBAN Co., Ltd.; NITTO DENKO CORPORATION.; B. Braun Melsungen AG; Mölnlycke Health Care AB.; Smith & Nephew; Cardinal Health.; Henkel Adhesives Technologies India Private Limited.; Beiersdorf AG; Udaipur Surgicals Pvt. Ltd.; Dukal Corporation; Dynarex Corporation; Aso, LLC; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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