Press release
Medical Tapes Market to Value US$ 1,757.2 Mn by 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.
On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. This report assesses trends driving each market segment and offers analysis and insights about the potential of medical tapes in specific regions. Asia Pacific is estimated to dominate the global medical tapes market with maximum value share of the overall market by the end of 2016. By 2024, the North America and Asia Pacific markets are expected to account for over 60% revenue share of the global medical tapes market. In terms of value, Asia Pacific is estimated to be the dominant market, registering a CAGR of 7.0% over the forecast period.
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.
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.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3435
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.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/medical-tapes-market/toc
Some of the key companies covered in the global medical tapes report include 3M, Johnson & Johnson, Paul Hartmann AG, Scapa Group PLC, Andover Healthcare Inc., Ad Tape & Label, and Medtronic Plc. These companies are primarily focused on enhancing their market share by entering new markets and by introducing innovative and cost-effective medical tapes in order to gain a higher market share and to strengthen their respective position in the global medical tapes market.
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