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.
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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.
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.
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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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