Overview:
Medical tapes or pressure tapes are pressure sensitive adhesive tapes utilized for bandage or other dressing support, whereas medical bandages are cotton gauze utilized for supporting products including dressing and splint. Medical tapes and bandages are utilized to uphold moisture at the application site, support wound healing, and provide bacterial and mechanical safety.
The key factors driving the global medical tapes and bandages market include the increasing incidence of the chronic diseases such as diabetic ulcers, pressure ulcers, and rising geriatric population. According to the statistics presented by the Population Reference Bureau, individuals over 65 years will reach around 98 million by 2060 in the United States creating a pool 24% of total population. According to the American Burn Association, an average of 450,000 and 1,000,000 people require burn treatment every year in the United States and India respectively. The high patient pool of burn cases along with the burden of surgeries and trauma cases are expected to drive the market throughout the forecast period.
Among the various product types, bandages segment held major market share in 2017 owing to increasing number of surgical procedures and other medical situations. Similarly, surgical wound treatment application dominated the market in 2017 due to rising prevalence of chronic diseases demanding surgical intervention and diabetic foot ulcers among others. Based on end-user, the global medical tapes & bandages market is segmented into hospitals, clinics, ambulatory surgery centers, and home healthcare. Hospital segment is expected to hold the major share throughout the forecast period.
In 2017, the global medical tapes and bandages market was dominated by North America due to increasing geriatric population and rising patient awareness about disease & wound infections. Furthermore, Asia Pacific market expected to experience the fastest growth throughout the forecast period owing to the plentiful untapped opportunities in the region.
The Global Medical Tapes & Bandages Market is segmented on the following bases:
Key Players Identified in Medical Tapes & Bandages Market include:
Medtronic Plc, 3M Company, Johnson & Johnson, Inc., B. Braun Melsungen AG, Smith & Nephew Plc, Cardinal Health, Inc., Paul Hartmann AG, and Molnlycke Healthcare Inc.
This report offers:
