Medical Tapes Market 2022-Global Industry Overview and Competitive Landscape till 2032

In a new report titled 'Medical Tapes Market: Global Industry Analysis and Forecast 2016 - 2024', Persistence Market Research analyzes the performance of the global medical tapes market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 - 2024). The global medical tapes market is expected to register a CAGR of 5.8% during the forecast period 2016-2024. In this report, the global medical tapes market is tracked in terms of value and is calibrated to obtain market revenue estimates.

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Market dynamics

Rising incidences of Healthcare Acquired Infections (HAIs), product line extensions from manufacturers, increasing innovation, concern about patient safety among clinicians, and development of single patient use tapes are major factors driving the growth of the global medical tapes market currently. Other trends boosting market growth are increasing awareness regarding the use of medical tapes for securement among physicians and patients and rising incidence of wounds, burns, and injuries. In addition, medical tapes manufacturers in the global medical tapes market are focusing on introducing differential products with enhanced safety and applications to increase their market share.

However, adoption of alternative treatment methods, increasing incidence of Medical Adhesive Related Skin Injuries (MARSI), and a lack of guidelines regarding proper selection and usage of medical tapes are expected to hamper the growth of the global medical tapes market.

Companies
• Shire PLC
• Pfizer, Inc.
• Sanofi
• BioMarin Pharmaceutical Inc.
• Actelion Ltd.
• Raptor Pharmaceutical Corp.
• Protalix Biotherapeutics Inc.
• Amicus Therapeutics, Inc.
• Others

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Market forecast

The global medical tapes market is segmented based on product type, application, distribution channel, and region. On the basis of product type, the market has been segmented into adhesive tapes, elastic tapes, silicone tapes, paper tapes, and silk cloth tapes. The silk cloth medical tapes segment is expected to remain the largest segment, registering a CAGR of 5.0% in terms of value over the forecast period. The wider application of silk cloth medical tapes in various healthcare conditions and easier availability is expected to contribute to their growing popularity. The silicone tapes segment is expected to emerge as the most preferred product type for both patients and physicians globally over the forecast period, and is expected to register a CAGR of 6.6% during the forecast period 2016-2024.

On the basis of application, the global medical tapes market has been segmented into wounds & injuries and surgeries & securement. The wounds & injuries segment dominated the global medical tapes market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The hospitals segment is estimated to account for 44.6% revenue share of the global medical tapes market by 2016 end owing to increased number of hospitalizations.

Key Questions Answered in This Report.
• What are the Roadblocks for Medical Tapes Suppliers?
• What are the Key Opportunities for Medical Tapes Manufacturers?
• How is Focus on Safety Influencing Medical Tapes Demand?
• What is the Regulatory Impact on Global Sales of Medical Tapes?
• Which Region Offers the Largest Opportunity for Sales of Medical Tapes?
• Where Does the U.S. Stand in the Market for Medical Tapes?
• What Is the Outlook for Medical Tapes Manufacturers in China?
• Why is Germany a Lucrative Market for Medical Tapes Manufacturers?
• Why Will Belgium Outpace Other European Markets for Medical Tapes?
• Why is There High Demand for Tires in Medical Tapes?
• Why are Sales of Medical Tapes Surging?

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.