Global Medical Tapes and Bandages Market Report

Date: 15 July 2019

According to a research report published by Azoth Analytics in June 2019, the Global Medical Tapes and Bandages Market was valued at USD 6383.2 million the year 2018. Rapid medical infrastructural developments, particularly in fast emerging economies of India, China, etc., along with rising healthcare awareness is expected to propel the demand for traditional wound care products such as medical tapes and bandages.

The Azoth Analytics research report titled Global Medical Tapes and Bandages Market has analysed and segmented the Medical Tapes and Bandages Market, By Value (USD Million) into Medical Tapes and Medical Bandages on the basis of Product Type. The report has also further analysed the Medical Tapes and Bandages Market, By Application (Surgery, Trauma & Laceration, Ulcer, Burn Injury, Sports Injury and Others) and By End User (Hospitals, Clinics, Ambulatory Surgery Centers and Others). The Global Medical Tapes and Bandages Market has been analysed By Region (North America, Europe, Asia Pacific, ROW) and By Country (United States, Canada, United Kingdom, Germany, China and India) for the historical period of 2014-2018 and the forecast period of 2019-2024.

In this aging society, the geriatric individuals commonly experience changes in the structure of the skins which is primarily associated to unresponsiveness of the wound. Thus, aged population is at higher risk of scarring from a wound. Due to the low elasticity of skin in aged population, timely treatment and management of wounds is required for the healing process to take place. Furthermore, people in this age group are much more susceptible to chronic ailments and injuries. Besides, the prevalence of diabetics in this age group is rapidly increasing, particularly in regions such as Asia Pacific and Africa. Thus, ongoing demographic shift towards ageing population in concurrence with increasing life expectancy has been one of the key factors fuelling the demand growth in the global medical tapes and bandages market.

In terms of application, the segment of ulcer treatment witnessed fastest growth in the global medical tapes and bandages market during the historic period. A diabetic foot ulcer is a frequent complication of diabetes mellitus. 2 to 10 percent of diabetics have foot ulcers. Thus, growing prevalence of different types of ulcers including diabetic foot ulcer, pressure ulcer and venous leg ulcer has been boosting the demand growth in the market. Currently, the global medical tapes and bandages market is being led by a few medical device manufacturing giants such as 3M Health Care, Cardinal Health, Inc., Johnson & Johnson Consumer Inc., Medline Industries, Inc., Andover Healthcare, Inc., Dukal Corporation, etc. However, with the rapidly rising healthcare expenditure and surging share of geriatric population, many more industry frontrunners are anticipated to enter the market with their own variation of products.