Medical Wraps/Bandages Dominate European Market, Expecting 3.36% CAGR by 2028

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Nov 07, 2023, 14:00 ET

DUBLIN, Nov. 7, 2023 /PRNewswire/ -- The "Europe Medical Tapes & Wraps Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The European medical tapes & wraps market is poised for substantial growth, with an expected CAGR of 3.64%, reaching $3.46 billion by 2028 from $2.79 billion in 2022. This market analysis report provides comprehensive insights into the European medical tapes & wraps market, covering market size, forecasts, segmentations, and industry trends.

Key Highlights:

UK Dominance: In 2022, the UK emerged as the market leader, accounting for over 21.00% of the European market share. Factors contributing to this dominance include the rising prevalence of chronic diseases, increased road accidents, surgical procedures, and the widespread adoption of surgical tapes within the UK.
Medical Wraps/Bandages Segment: In 2022, the medical wraps/bandages segment held the largest market share at 74.23% and is expected to grow at a CAGR of 3.36% during the forecast period. The demand for medical bandages is on the rise due to the increasing prevalence of chronic diseases and a surge in surgeries and traumas.
Wound Management: The wound management segment, accounting for 45.73% in 2022, is projected to grow at a CAGR of 2.81% during the forecast period. The market's growth is driven by the rising number of surgical wounds and the increased prevalence of chronic diseases such as cancer, diabetes, and ulcers.
Hospitals Dominate: Hospitals dominated the end-user segment in 2022, holding a share of 36.13%. This segment is expected to grow at a CAGR of 2.88% during the forecast period. The dominance of hospitals can be attributed to their long-term care facilities, surgical arrangements, continuous service availability, and focus on individual health.

Vendors List:

The European medical tapes & wraps market features a wide array of prominent vendors, including:

Medline Industries
Johnson & Johnson
3M Co.
Cardinal Health
McKesson
Essity AB
Integra LifeSciences
Smith & Nephew Plc
B. Braun Melsungen AG
Paul Hartmann AG
Nitto Denko Corp (Nitto)
Beiersdorf AG
Nichiban Co., Ltd.
Coloplast A/S
Scapa Group plc (Scapa)
Milliken & Co
Winner Medical Group, Inc.
Hollister Inc
Avcor Health Care
Advancis Medical
The ASO Group
Dynarex Corp
Jiangxi 3L Medical Products Group Co., Ltd.
Molnlycke Health Care
Seyitler Kimya Sanayi AS
ATL Corp
DeRoyal Industries, Inc.
Dermarite Industries LLC
North Coast Medical
Libatape Pharmaceutical Co., Ltd.
SWM International
Lohmann & Rauscher
PPI Adhesive Products Ltd
Bostik
Berry Global
Leukoplast Co.
Stokvis Tapes
KOB GmBH
Hy-Tape International
KragoTec International
Aero Healthcare
Sterimed Group
Flowstrip International
PolarSeal
Lamatek Inc
BDK Medical
FULUO International
Ardmel International
Urgo Medical
Valco Melton
Cotek Papers
Advanced Medical Products
ProTapes
CCT Tapes

Product Segmentation & Forecast:

Product: Medical Wraps, Medical Tapes
Application: Wound Management, Pain Management, Preventive Management, Others
End-user: Hospitals, Wound Care Centers, Physician Offices, Ambulance Surgical Centers, Others

For more information about this report visit https://www.researchandmarkets.com/r/mbysdp

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