SAN FRANCISCO, March 23, 2021 /PRNewswire/ -- The global medical tapes and bandages market size is expected to reach USD 14.44 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The increasing number of accidents, the impact of COVID-19, and technological advancements are the key factors driving the market.
Key suggestions from the report:
- Based on product, the medical bandages segment held the largest share in 2020. The rising number of road accidents across the globe is the major factor propelling the segment growth
- On the basis of application, the surgical wound segment held the largest market share in 2020 and is expected to witness considerable growth over the forecast period due to the increasing number of surgeries
- By end use, the hospitals segment held the largest market share in 2020 owing to the increasing number of hospitals
- Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rising prevalence of chronic wounds
Read 90 page research report with ToC on "Medical Tapes And Bandages Market Size, Share & Trends Analysis Report By Product (Medical Tapes, Medical Bandages), By Application (Surgical Wound, Ulcer), By End-use, By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/medical-tapes-bandages-market
Ambulatory surgery centers (ASCs) offer a variety of services, such as surgical care, diagnostics, and preventive procedures. Surgeries for pain management, urology, orthopedics, restorative, reconstructive, or alterative plastic surgeries and gastrointestinal (GI)-related surgeries are also performed in ambulatory surgery centers. Earlier, ASCs were only capable of performing GI-related minor surgeries, however, with an increase in the number of minimally invasive surgical procedures, services offered by ambulatory surgical centers expanded and grew exponentially. According to the U.S. Department of Health and Human Services (HHS) data records of 2016, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.
ASCs are increasing in number and they offer cost-effective services. In addition, favorable reimbursement coverages are being provided with regard to services provided by ASCs. The chances of contracting post-surgical, hospital-related infections are also reduced. ASCs provide specific instructions to patients regarding dressing and post-surgical homecare. Thus, with an increase in the number of ASCs and the number of surgeries being performed, demand for medical tapes and bandages is expected to increase.
Grand View Research has segmented the global medical tapes and bandages market on the basis of product, application, end use, and region:
- Medical Tapes & Bandages Product Outlook (Revenue, USD Million, 2016 - 2028)
- Medical Tapes
- Fabric Tapes
- Acetate
- Viscose
- Cotton
- Silk
- Polyester
- Other Fabric Tapes
- Paper Tapes
- Plastic Tapes
- Polypropylene
- Other Plastic Tapes
- Other Tapes
- Medical Bandages
- Muslin Bandage Rolls
- Elastic Bandage Rolls
- Triangular Bandages
- Orthopedic Bandages
- Elastic Plaster Bandages
- Other Bandages
- Medical Tapes & Bandages Application Outlook (Revenue, USD Million, 2016 - 2028)
- Surgical Wound
- Traumatic Wound
- Ulcer
- Sports injury
- Burn injury
- Other injuries
- Medical Tapes & Bandages End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Hospitals
- Ambulatory surgery centers
- Clinics
- Retail
- Others
- Medical Tapes & Bandages Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
List of Key Players of Medical Tapes & Bandages Market
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- Ethicon Inc. (JOHNSON & JOHNSON)
- Medtronic
- 3M
- Beiersdorf AG
- Urgo Medical
- Dynarex Corporation
- Winner Medical Group, Inc.
- McKesson Corporation
- Cardinal Health
- 3L Medicinal Products Group
- B.Braun Melsungen AG
- Paul Hartmann AG
Find more research reports on Medical Devices Industry, by Grand View Research:
- Medical Adhesive Market – The global medical adhesives market size is anticipated to reach USD 16.00 billion by 2025, according to a new report by Grand View Research, Inc. The rising demand from internal medical application is predicted to drive the industry growth.
- Diabetic Foot Ulcer Treatment Market – The global diabetic foot ulcer treatment market size is expected to reach a value of USD 6.82 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period.
- Medical Gauze And Tapes Market – The global fraud detection and prevention market size was valued at USD 17.33 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 18.9% from 2019 to 2025.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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