Global
Medical Tapes Market: Overview
Medical tapes, also
known as surgical tapes, are available in several types for securing the
bandages and dressings on wounds. Medical tapes are also used for preventing
sports injuries and for securing IV drips used for the treatment of healthcare
conditions.
The global
medical tapes market can be segmented by product type, distribution
channel, application, and region.
The report analysis
demonstrates the current market dynamics and trends and how they are expected
to influence the growth of the global medical tapes market in the future. The
report heavily relies on primary and secondary research to ascertain parameters
such as market size, top products, top industry players, industry associations
etc.
The introductory
part of the report outlines terms and terminologies, and classifications that
are relevant to the medical tapes industry. This is followed by a detailed
overview of factors influencing the growth of the medical tapes market along
with details of trends, drivers, restraints, and opportunities. The report concludes
with a competitive landscape of the global medical tapes market to provide the
audience with a dashboard view of key players operating in this market.
Global
Medical Tapes Market: Trends and Opportunities
The rising incidence
of hospital-acquired infections (HAIs), concerns about patient safety among
healthcare providers, the launch of newer products from manufacturers, and
introduction of single-patient use products are primarily driving the global
market for medical tapes. In addition, increasing awareness about the use of
medical tapes among physicians and patients for treatment efficacy, and the
increasing incidence of burns, wounds, and injuries are bolstering the market’s
growth. The focus of product manufacturers to introduce differential products
for enhanced safety and wider applications in a bid to increase their market
share is also favoring the growth of the global medical tapes market.
The silk cloth
product segment is expected to expand at an accelerated pace and is expected to
emerge as the largest segment in the overall market during the forecast period.
The wide application base of silk cloth medical tapes for a range of medical
conditions and their easy availability is contributing to the growing
popularity of this product segment. The silicone tapes product segment is
anticipated to be most preferred over other product types among both physicians
and patients globally during the forecast period.
Wounds and injuries
application segment is expected to account for the highest revenue as
previously displayed in the recent past. The hospital distribution channel
segment is expected to account for a significant revenue contribution to the
global market on account of the increased number of hospital admissions.
Global
Medical Tapes Market: Regional Outlook
The global medical
tapes market can be broadly classified into the regional segments of North
America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Amongst these, Asia Pacific is expected to lead the overall market holding the
maximum share in the near future. North America and Asia Pacific are expected
to collectively account for a significant revenue of the market during the
forecast period.
Global
Medical Tapes Market: Competitive Landscape
Some of the
companies having a significant presence in the global medical tapes market are
3M, Paul Hartmann AG, Andover Healthcare Inc., Medtronic Plc, Johnson &
Johnson, Scapa Group PLC, and Ad Tape & Label. These players are focused on
strengthening their market presence globally by entering new markets and by
introducing novel and cost-effective products. This, in turn, is expected to
translate into business growth for leading players in the global medical tapes
market.
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