Vision Research Report, Recently Announced New Report on “medical tapes and bandages market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Medical tapes and bandages market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Medical tapes and bandages research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Medical tapes and bandages market revenue share is set to grow at a yearly rate of 10.5% during 2021-2030, while its valuation is Projected to jump from $ 10.78 Bn in 2020 to $24.44 Bn in 2030.
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Report Highlights
The medical bandages segment held the largest share of 58.3% in 2020 and is expected to witness considerable growth over the forecast period. Bandages are majorly used for, sports injuries, and supporting fractures and splints. In the case of post-operation, the bandages are used to keep the overall body structure compressed by restricting the movement of the body parts. Bandages are generally made up of a wide variety of materials, such as plastic, cloth, synthetic, or elastic. The bandages have an adhesive attached or an elastic structure to act as their support system. On the basis of product, the medical tapes and bandages market has been segmented into medical tapes and bandages. The medical bandages segment is fragmented into muslin bandage rolls, elastic bandages, triangular bandages, orthopedic bandages, elastic plaster bandages, and others.
The medical tapes segment is anticipated to witness the fastest growth over the forecast period. Medical tapes are majorly used for dressing both acute and chronic wounds. The increase in the use of medical tapes and rise in the awareness related to the use of medical adhesive products in sports injuries are factors driving the segment. In addition, products such as silicone-based tapes facilitate constant adhesion and are gentle to the skin, thus favoring the segment growth. The medical tapes segment is further fragmented into fabric tape, paper tape, plastic tape, and other tapes. The other tapes include silicone, acrylic, and rubber tapes.
The surgical wound segment held the largest share of 59.0% in 2020 and is anticipated 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, thereby promoting the segment growth over the forecast period. On the basis of application, the market has been segmented into surgical wound, traumatic wound, ulcer, sports injury, burn injury, and other injuries.
The ulcer segment is anticipated to witness considerable growth over the forecast period. The increasing cases of chronic diseases, especially diabetes, and the rising geriatric population in the country are the major factors driving the segment. For instance, as per the United States Census Bureau, the number of people aged 65 or older grew by 1.6 million from 2016 to 2017. Therefore, the segment is anticipated to witness considerable growth over the forecast period.
The hospitals segment held the largest share of 27.8% in 2020 and is anticipated to witness the fastest growth over the forecast period. Surgical wound care dressings and bone fracture dressings are predominantly suitable for hospital use and are not feasible for homecare. The increasing cases of surgical wounds due to the rising number of surgeries are driving the segment. The surgical site infection treatment requires a prolonged hospital stay and requires constant monitoring. In addition, the increasing cases of diabetic foot ulcers and venous leg ulcers are anticipated to drive the segment as medical tapes and bandages are majorly used in such conditions. Thus, such factors may surge the segment growth over the forecast period.
The increasing number of clinics and surgical procedures are the major factors contributing to the segment growth over the forecast period. Moreover, the increasing incidence of surgical wounds is one of the major drivers of the segment. Surgical wound dressings require constant monitoring owing to which demand for clinics is increasing among patients. Hence, such factors are expected to surge the segment growth over the forecast period.
North America dominated the market with a share of 45.4% in 2020 and is expected to witness considerable growth over the forecast period. Increasing road accidents, rising sports injuries, and the presence of several key players in the region are anticipated to drive the market. In addition, highly developed healthcare infrastructure and the presence of adequate skilled professionals are expected to drive the market over the forecast period.
Asia Pacific is anticipated to witness the fastest growth over the forecast period. The presence of developing countries, such as China, India, and Japan, is anticipated to boost the market growth in the Asia Pacific. In addition, the rapidly growing industry in these countries can be attributed to the increase in demand for wound dressing products in this region. For instance, as per the report on Export Health Services by the Directorate-General of Commercial Intelligence and Statistics (DGCI&S) of India, in 2016-2017, India had 58,300 medical tourists on medical visas.
Global Medical tapes and bandages market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Medical tapes and bandages trade trends and promoting channels analysed. Medical tapes and bandages Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Market Segmentation
Global Medical tapes and bandages Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Medical tapes and bandages market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Medical tapes and bandages Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Medical tapes and bandages Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Medical tapes and bandages Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Medical tapes and bandages Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Medical tapes and bandages Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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