The global medical tapes and bandages market size was USD 7.40 Billion in 2022 and is expected to register a rapid CAGR of 4.0% during the forecast period. The medical tapes and bandages market refers to the products used in wound management and to secure medical devices, such as catheters, in place. They are designed to be safe and effective, and they play an important role in the care and treatment of patients. The medical tapes and bandages market is expected to grow significantly in the coming years, driven by several factors.
One of the primary drivers of growth in the medical tapes and bandages market is the increasing prevalence of chronic wounds. According to the World Health Organization, chronic wounds affect up to 1% of the global population, and this is leading to an increased demand for wound care products such as medical tapes and bandages. The increasing prevalence of chronic wounds is also leading to an increased demand for advanced wound care products, which are more effective in promoting healing and preventing infection.
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Medical Tapes and Bandages market include:
Smith+Nephew, Medtronic, URGO, Dynarex Corporation., 3M, MCKESSON CORPORATION, Mölnlycke Health Care AB., Cardinal Health., B. Braun SE, and 3L Medical Products Group Co
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Medical Tapes and Bandages market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Medical Tapes and Bandages Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Medical Tapes and Bandages Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019-2032)
- Tapes
- Medical tapes
- Fabric tape
- Paper tape
- Other tapes
- Bandages
- Medical bandages
- Gauze bandages
- Adhesive bandages
- Others
- Tapes
Application Outlook (Revenue, USD Billion; 2019-2032)
- Surgical wound treatment
- Traumatic wound treatment
- Sports injury
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals and clinics
- Ambulatory Surgical Centers (ASCs)
- Retail pharmacies
- Others
Medical Tapes and Bandages Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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