July 27, 2020
According to the research report titled ‘Global Medical Tapes and Bandages Market: Analysis By Product Type, By Application, By End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)’, available with Market Study Report LLC, global medical tapes and bandages market is expected to expand with a CAGR of 3.81% during 2019-2024.
Healthcare industry has been undergoing a revolution over the past few years owing to the several economic, technological, demographic and environmental factors. Growing investments in research & development projects associated with wound care by leading companies is contributing to the growth of global medical tapes and bandages market. Also, constant technological advancements, increasing cases of chronic ailments along with rising geriatric population and growing healthcare expenditure are boosting the demand for medical tapes and bandages across the globe.
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Based on product type, the market is divided into medical bandages and medical tapes. Among these, medical bandages segment led the market share in the past years and is expected to grow continuously over forecast period.
With regards to the application scope, worldwide medical tapes and bandages market is segmented into surgery, ulcer, trauma & laceration, burn injury, sports injury, and others. With respect to the end-user spectrum, the industry is divided into ambulatory surgery centers, clinics, hospitals, and others.
Speaking of geographical landscape, the market is classified into Asia Pacific, North America, Europe, and rest of the world. As per the report, North America held the largest share in global medical tapes and bandages market in 2018. Also, Asia Pacific market is anticipated to grow rapidly through 2024, owing to the presence of large consumer base, notable improvements in medical infrastructure, and rapid economic development.
Key players operating in global medical tapes and bandages market include Dynarex Corporation, Johnson and Johnson Consumer, Inc., Medline Industries, Inc., Avcor Healthcare Products, Inc., Derma Sciences, Inc., Cardinal Health, Inc., Andover Healthcare, Inc., Dukal Corporation, and Kerma Medical Products, Inc. among others.