Medical Tapes and Bandages Market Strategies, Product Sales and Growth Rate 2021 to 2026

The report presents an in-depth assessment of the Medical Tapes and Bandages Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Medical Tapes and Bandages investments from 2021 till 2026.

The Medical Tapes and Bandages market is expected to witness a CAGR of 4.1% during the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Medical Tapes and Bandages Market: 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Johnson & Johnson, Lohmann & Rauscher International GmbH & Co. KG, Nitto Denko Corporation, Paul Hartmann AG, Smith & Nephew Plc, Triage Meditech

Market Overview:

Medical tapes are the pressure sensitive adhesive tapes used for supporting bandage or other wound dressings. Medical bandages are a cotton gauge cloth beneficial for supporting medical devices such as surgical dressing or splint. Medical tapes and bandages are used to maintain moisture at site of dressing, promote wound healing and provide mechanical & bacterial protection to the wound. Medical tapes and bandages market is experiencing growth due to the expansion and emergence of wound care management sector.

Recent Developments:

-In April 2021, Essity acquired Bayport Brands which gave Essity distribution rights of the wound care technology Sorbact in Australia and New Zeland from Bayport Brands this will further accelerate the growth in the wound care market.

-In April 2020, Medline Industries partnered with Yale New Haven for the exclusive supply of medical supplies along with supply chain and logistics solutions.

-In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Medical Tapes and Bandages Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends:
Application in Ulcer Treatment is Expected to Register a High Growth Rate
Diabetic Foot Ulcer (DFU) is one of the chronic wounds that are very common in diabetic patients. It is prevalent in nearly 15% to 20% of the diabetes patients (as per Dong-il Chun et al., Journal of Clinical Medicine 2019). Products range from normal saline to growth factors, ulcer dressings, and skin substitutes that have been shown to be highly effective in healing foot ulcers.
Moreover, the incidence of diabetes is also expected to increase in the future as per the International Diabetes Federation 2019 report. In 2019, there were 463 million diabetic patients worldwide, which is expected to increase to 578 million by 2030, as per the report statistics. Increasing the incidence of diabetes is also expected to increase the incidence of DFU, which will increase the demand for the medical tapes & bandages market. This is expected to help the market growth.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Medical Tapes and Bandages Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Medical Tapes and Bandages Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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