Medical Tapes and Bandages Market - Global Industry Analysis, Size, Share, Trends, and Forecasts 2020- 2030

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Medical Tapes and Bandages Market - Global Industry Analysis, Size, Share, Trends, and Forecasts 2020- 2030

Status : November, 2022 | Medical Devices

Report Digest

Medical Tapes and Bandages Market: Overview

The rising cases of acute and chronic diseases and the increasing number of therapeutic surgeries are likely to emerge as the key factors driving the global medical tapes and bandages market during the forecast period, 2020 to 2030. The Centers for Disease Control and Prevention published a National Diabetes Statistics report in the year 2017, according to which, an estimated 100 million people or more residing in the United States are diagnosed with prediabetes or diabetes. On an additional side, the World Health Organization in their 2016 report states the approximate of deaths caused due to diabetes to be 1.6 million as a result of diabetes. A diabetic patient Thus, it is evident that the rising number of diabetes patients is one of the prime factors boosting the global medical tapes and bandages market during the forecast period.

The global medical tapes and bandages market is classified on the basis of product, application, end use, and region. Based on product, the market is grouped into medical tapes, plastic tapes, paper tapes, and other tapes. Among these, the plastic tapes segment is again grouped into polypropylene and other plastic tapes whereas the fabric tapes segment is divided into polyester, silk, cotton, viscose, acetate, and other fabric tapes. On the other side, the medical bandages segment is classified into elastic plaster bandages, orthopedic bandages, triangular bandages, elastic bandage rolls, muslin bandage rolls, and others. With respect to classification by application, the market is categorized into burn injury, sports injury, ulcer, traumatic wound, surgical wound, and others. The end user segment is further divided into retail, ambulatory surgery centers, hospitals, clinics, and others.

This report is based on a comprehensive analysis of the market for medical tapes and bandages and also highlights on the growth parameters as well. Such parameters include drivers, restraints, upcomg opportunities, and possible challenges. Additionally, the report also focuses on the impact of the novel COVID19 pandemic on this market and what measures can be adopted in order for this market to continue generating significant revenues in the coming years. The report further throws light on the table of segmentation, mentions the name of the leading segment and provides an explanation to the reason behind its dominance.

Medical Tapes and Bandages Market: Trends and Opportunities

The expanding number of centers and surgeries are the central point adding to the fragment development over the estimate time frame. Also, the expanding occurrence of careful injuries is one of the significant drivers of the portion. Careful injury dressings require consistent checking attributable to which demand for facilities is expanding among patients. Thus, such factors are required to flood the section development over the estimate time frame.

Medical Tapes and Bandages Market: Competitive Landscape

Vital participants are fundamentally putting resources into the innovative work to fabricate mechanically progressed items. For example, in April 2019, Smith and Nephew PLC obtained Osiris Therapeutics, Inc. with a mean to quicken the improvement of its medical tapes and bandages item portfolio, along these lines expanding the client pool and market reach.

Some of the prominent players of this market include;

  • Smith & Nephew PLC.
  • B. Braun Melsungen AG
  • Molnlycke Health Care AB
  • Cardinal health
  • Ethicon Inc
  • 3M
  • Beiersdorf AG,
  • Winner Medical Group Inc.,
  • Dynarex Corporation.

Medical Tapes and Bandages Market: Regional Analysis

Regionwise, the global market for medical tapes and bandages is dominated by North America on account of the rising number of road accidents, presence of multiple players, and well established medical sector and advanced technologies. On the other side, the market in Asia Pacific is likely to emerge as a significant revenue in the coming years on account of the rising popularity of medical tourism, and expanding geographical presence of top brands into the developing nations.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?