Medical Bandage Market 2022 | Rising Number Of Surgical Wounds

According to Precision Business Insights (PBI), the latest report, the medical bandage market is expected to be valued at USD 3,977.1 million in 2022, growing at a 3.7% CAGR from 2022 to 2028. The surgical wound segment held the largest share in 2020 and is expected to witness considerable growth over the forecast period. The increasing cases of trauma and burns across the globe are boosting the number of surgical procedures. Therefore, the rising number of surgical procedures may increase the cases of surgical wounds.

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The Asia Pacific leads the global medical bandage market:
The Asia Pacific is expected to have the fastest growth in the forecast period. The presence of developing countries, such as China, India, and Japan, is anticipated to boost market growth in the Asia Pacific. Besides, the rapidly growing medical tourism industry in these countries will be attributed to the increase in demand for wound dressing products in the coming years.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global medical bandages market is surging owing to frequent approvals and launches by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company's growth. For instance, In April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. to enhance the development of its medical tapes and bandages product portfolio to expand the customer pool and market reach.

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The medical bandage market is segmented based on type, application, end user and geography:
Based on the type, the market is segmented into the following:
• Соttоn Еlаѕtіс Ваndаgе
• Nоn-аdhеrеnt Ваndаgе
• Rеіnfоrсеd Еlаѕtіс Ваndаgе
• Gauze Bandage

Based on the application, the market is segmented into the following:
• Surgical Wound
• Ulcer
• Others

Based on the end user, the market is segmented into the following:
• Hospitals,
• Clinics,
• Personal

Based on the geography, the market is segmented into the following:
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America

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Key players profiles in the report are Alimed, Mueller Sports Medicine,Johnson & Johnson, Cooper Surgical, Gspmed, Imark ,Tetra Medical Supply Corp, Anji Chaoqiang Bandage Weaving Factory, Previs, And Troge.

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This release was published on openPR.