Medical Tapes and Bandages Market - Opportunities, Competitive Analysis

Medical Tapes are used as a medicine and first aid to hold a bandage or other dressing onto a wound. These tapes are designed to hold firmly to skin, dressing materials, and underlying layers of the skin (due to the presence of adhesive), without damaging the skin, and allow air to pass through them and reach the skin. Some breathable tapes such as Kinesiology Tape, and other elastic bandages with adhesives, are made of cotton. Surgical tape is often white because it contains zinc oxide, which is added to prevent infections. The global medical tapes and medical bandages market, is expected to grow in the forecast period due to increasing number of surgeries and growth in aging population. Medical bandages are generally used to support a medical device such as dressing or splint or to restrict the movement of any part of the body. Some of the other medical tapes used include micropore paper tape, trans-pore polyethylene tape and zinc oxide tape.

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The rise in the number of surgeries performed, rapid growth in geriatric population and rising cases of chronic wounds are the factors driving the growth of the medical tapes and bandages market, during the forecast period. According to the United Nations Department of Economic and Social Affairs (UN-DESA) report on the global aging population, the population of people aged 60 years or above is growing at a high rate.

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The rising awareness about advanced wound care products, which are an alternative to medical tapes and bandages, are restraining the growth of the medical tapes and bandages market. Advanced wound care products accelerate the healing process for many wounds by providing and promoting a moist environment. As basic wound care products take a large amount of time to heal the wounds and are less effective for certain types of wounds, advanced wound care products are being used, wherever infection control and healing speed are major concerns. Some of the advanced wound care products include foam dressings, alginate dressings, hydrogels and others. These products reduce the time of wound healing and are effective against all types of wounds. Considering their effectiveness, advanced wound care products are seen as a prominent restraint for the market.

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North America was the largest market for medical tapes and bandages in 2016, followed by Asia-Pacific and Europe. Asia-Pacific is expected to show the highest growth rate during the forecast period, mainly due to the rise in geriatric and high diabetes prone population.

Some of the other key players operating in the medical tapes and bandages market are Beiersdorf AG, Covidien PLC (Medtronic PLC), Johnson & Johnson, Smith & Nephew PLC, Medline Industries, Inc., B. Braun Melsungen AG, Cardinal Health, Inc., Nitto Denko Corporation, BSN Medical GmbH (A Part of Svenska Cellulosa Aktiebolaget (SCA)) and Derma Sciences, Inc. (Integra Lifesciences Holdings Corporation).

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