Medical adhesive tapes and bandages Market Highlighting Major Drivers & Trends 2Posted by Faraz on January 6th, 2020 Medical adhesive tapes and bandages are designed for a variety of healthcare applications. It is used to secure wound care dressing, secure wound and skin, compression band and other healthcare devices. The medical tapes and bandages are an essential part of any medical procedure. The global medical tapes and bandages market is anticipated to grow at a CAGR of 4.1% during the forecast period (2019-2025). The growth of the market is attributed to the increasing prevalence of pressure ulcer in the elderly population and increasing incidence of chronic wounds such as ulcers across the globe. Get Sample Copy of Medical adhesive tapes and bandages Market at: https://www.omrglobal.com/request-sample/medical-tapes-bandages-market The key players in the global medical tape and bandage market include 3M company, AMD Medicom Inc., Andover Healthcare Inc., ASO Inc., B. Braun Melsungen AG, Beiersdorf AG, BSN Medical GmbH, Cardinal Health, Inc., and Covidien PLC. According to the Agency for Healthcare Research & Quality (AHRQ), more than 2.5 million individuals develop pressure ulcers annually in the US. Venous ulcers are accounting for almost 80% of all lower extremity ulcerations. The most common age for the leg ulcerations is between 60 to 80 years. These types of ulcers increase the demand of medical tapes and bandages that is propelling the growth of the market. Increasing incidence of wound infection due to poor hygiene, poor circulation, diabetes, obesity, and malnutrition is contributing to the growth of the global medical tapes and bandages market. According to the Accident Compensation Corporation (ACC), the incidence of wound infection ranges from 2 to 17.5% after trauma and from 1 to 1.5% after minor dermatological surgical procedures. Increasing incidence of wound infection due to the burn injury and traumatic injury has been fueling the growth of the market across the globe. Further, increasing surgical procedure is also contributing to the growth of the market. According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2016, Americans spent more than billion on combined surgical and nonsurgical procedures. Surgical procedures accounted for 56% of the total expenditures and non-surgical procedures accounted for 44% of the total expenditures in 2016. Medical tapes and bandages market reduce the risk of surgical site infection. For More Information get A full report of Medical adhesive tapes and bandages is available at: https://www.omrglobal.com/industry-reports/medical-tapes-bandages-market However, emerging economies are expected to contribute to the growth of the market in the near future. Emerging economies such as China, India, and Brazil are significantly contributing to the growth of the medical tapes and bandages market. These regions witness immense growth and development in the healthcare sector due to significant investment by government and major market players, favorable government policies, and high patient base. Myanmar, Indonesia, and other countries also possess ample market opportunities for medical tapes and bandage market players. Moreover, the increasing cases of plastic surgeries are driving the medical tapes and bandages market due to the application for wound healing in plastic surgeries. According to the ASAPS, surgical procedures accounted for 60% of the total expenditures of healthcare and nonsurgical procedures accounted for 40% of the total expenditures. There were 17.5 million surgical and minimally invasive cosmetic procedures performed in the US in 2017 that were 17.8 million in 2016, according to the American Society of Plastic Surgeons (ASPS). Current Market Trends Covered in the Global Medical Tapes and Bandages Market Report Based on the application, the traumatic wound and treatment is estimated to hold a dominating market share during the forecast period. Based on the product, medical bandage held the largest market share in the global medical tapes and bandages market in 2018. North America is estimated to dominate the global medical tapes and bandages industry during the forecast period. Global Medical Tapes and Bandages Market Segmentation By Application
By Product
By End-User
Global Medical Tapes and Bandages Market – Segment by Region North America
Europe
Rest of Europe Asia-Pacific
Rest of Asia-Pacific
Middle East and Africa About Orion Market Research OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404 Source: Global Medical adhesive tapes and bandages Market Like it? Share it! More by this author |