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Medical Tapes and Bandages Market 2023 Industry Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2031 | Derma Sciences, Inc., Johnson & Johnson Services Inc., McKesson Corporation
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Medical tapes and bandages are used by healthcare professionals to heal the wound efficiently. Medical tapes protect the wounds from bacteria, moisture, and dirt.
Factors Influencing the Market
The growing demand for waterproof bandages, transdermal patches, and butterfly stitches are forecast to offer ample growth opportunities for market growth.
Factors such as the growing geriatric population and the increasing cases of ulcers, diabetic foot, and wound infections will propel the global market for medical tapes and bandages forward.
The rising number of accidents will contribute to the growth of the global medical tapes and bandages market during the forecast period.
Ongoing advancements in medical adhesives and favorable government initiatives are forecast to fuel the growth of the global medical tapes and bandages market.
The lack of awareness related to advanced wound care may limit the growth of the global medical tapes and bandages market.
The growing initiatives from the governments to expand healthcare expenditure will offer ample growth opportunities for the growth of the global medical tapes and bandages market. In addition, the rising awareness about home healthcare will contribute to the growth of the global medical tapes and bandages market during the analysis period.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a negative impact on the global medical tapes and bandages market. It is due to the sudden decrease in the cases of burn injury and sports injury. In addition, the ban on social gatherings has declined the demand for medical tapes and bandages. Further, hospitals also avoided admitting other cases except for COVID-19. As a result, it hampered the growth of the global medical tapes and bandages market. On the contrary, the increased awareness related to home healthcare has been a beneficial factor for the global medical tapes and bandages market throughout the forecast period.
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Regional Analysis
North America is forecast to dominate the global medical tapes and bandages market patient in terms of revenue. The growth of the market is attributed to the growing awareness related to wound infections. In addition, the growing geriatric population and increasing prevalence of diabetes will contribute to the growth of the global medical tapes and bandages market during the study period. Asia-Pacific is forecast to register considerable growth, owing to the growing number of opportunities and expansion of the leading healthcare players.
Competitors in the Market
3M Company
B Braun Melsungen AG
Baxter International
Cardinal Health, Inc.
Derma Sciences, Inc.
Johnson & Johnson Services Inc.
McKesson Corporation
Medline Industries, Inc.
Medtronic PLC
Paul Hartmann AG
Smith & Nephew PLC
Other Prominent Players
Market Segmentation
The medical tapes and bandages market has been segmented based on type -
Medical Tapes
Fabric Tapes
Plastic Tapes
Others (Paper Tapes)
Medical Bandages
Adhesive Bandage
Cohesive and Elastic Bandage
Others (Gauze Bandage)
The medical tapes and bandages market has been segmented based on application -
Surgical Wounds
Traumatic & Laceration Wounds
Burn Injury Treatment
Ulcer Treatment
Sports Injury Treatment
Others (Diagnostics and IV Site Dressing)
The medical tapes and bandages market has been segmented based on the end-user -
Hospitals
Ambulatory Surgical Centers
Clinics
Homecare Settings
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The medical tapes and bandages market has been segmented based on the region -
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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