23rd September 2019 – Global Medical
Tapes and Bandages Market is anticipated to reach USD 10.97 billion by
2025. Pressure sensitive adhesive tapes that are employed to assist bandage or
the other wound dressings are known as “Medical Tapes”. On the other hand,
Medical bandages could be defined as a cotton gauge cloth helpful for
supporting splint or surgical dressing. Medical tapes and bandages are mainly
used to uphold moistness at place of dressing. They offer bacterial &
mechanical safety to the wound and promote wound healing.
The factors that propel the development
of the market include increasing incidence of chronic wounds, rising number of
surgeries, and increasing aged population. On the other hand, there are factors
that may hamper the growth of the market including increasing consciousness
about progressive wound care. Medical Tapes and Bandages Market is anticipated
to grow at a significant CAGR of 5.10% in the upcoming period as the scope,
product types, and its applications are increasing across the globe.
Medical Tapes and Bandages industry may
be explored by product type, application, end users, and geography. The market
by product type could span Plastic Tape, Paper Tape, Fabric Tape, and Other
Tapes). Medical Bandages could span Adhesive Bandage, Elastic Bandage, Gauze
Bandage, Cohesive, and Other Bandages. The “Medical Bandages” segment led the
Medical Tapes and Bandages industry in 2016 and is anticipated to maintain its
dominance by 2025 owing to an increase in medical situations that require
surgical intervention, increasing aged population, and high number of surgical
procedures.
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The key applications that could be
explored in the market include Traumatic and Laceration Wounds, Ulcers,
Surgical Wounds, Sport Injuries, Burns, and Other Wounds. The “Ulcer
Treatments” sector led the Medical Tapes and Bandages Market in 2016 and is
anticipated to maintain its dominance by 2025 due to increasing number of
patients with ulcers owing to development in the diabetic populace.
The market could be explored based on
end users as Homecare Setting, Hospitals, Clinics, and Ambulatory Surgical
Centers. The “Hospitals” sector led the Medical Tapes and Bandages industry in
2016 and is anticipated to maintain its dominance by 2025 due to huge number of
surgical methods executed in hospitals.
Asia-Pacific accounted for the major
share of the Medical Tapes and Bandages Market Size in 2016 and will continue
to lead in the forthcoming period. The factors that could be attributed to the
growth include increasing patient consciousness regarding wound infections and
diseases, and rapidly growing aged populace in the regions.
Some of the key players that fuel the
development of the Medical Tapes and Bandages industry comprise Medtronic,
Smith & Nephew PLC, 3M, Derma Sciences Inc, B. Braun Melsungen AG, Johnson
& Johnson, Paul Hartmann AG, Medline Industries Inc., Molnlycke Healthcare
Inc., and Cardinal Health Inc. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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