Global Medical Tapes market is slated to accrue revenue worth nearly 1,861.72 (USD Million) by 2026 and record the CAGR of about 5.9% over the period from 2020 to 2026.
New York, United States - October 29, 2020 /MarketersMedia/ —
According to researchers at Zion Market Research, the global medical tapes market is predicted to reach USD 1,861.72 million by the end of 2026, developing at a CAGR of over 5.9% during the forecast period 2020–2026. Surgical tapes or medical tapes are a kind of pressure-sensitive tapes that are utilized in the wound management to grip and secure the dressings & bandages on the wounds. These tapes can pass the air through them, and therefore do not give rise to any damage to the skin. The medical tapes are also utilized to avoid injuries in sports and protect the IV tubes and drips used in different healthcare conditions.
Some of the leading players in the market are Paul Hartmann AG, 3M, Scapa Group PLC, Andover Healthcare Inc., Johnson & Johnson, Medtronic Plc., and Ad Tape & Label. The manufacturers are targeting on advancing a variety of products to keep hold of the market share. For example, the prominent players in the global medical tapes market are aiming at instituting differentiated products like tapes for athletes and skin sensitive tapes to maintain a larger market share. The implementation of newer marketing tactics by medical tapes makers to magnetize youngsters with skin tone medical tapes is growing.
Manufacturers Aiming To Launch Differential Products To Boost The Global Medical Tapes Market
The augmenting prevalence of HAIs (hospital-acquired infections), apprehensions about patient safety, the release of newer products from producers, and the introduction of single-patient use products are mainly boosting the global market for medical tapes. Additionally, the rising increasing consciousness regarding the use of medical tapes amongst patients and physicians for treatment efficiency, and the rising incidence of injuries, wounds, and burns, are augmenting the market’s expansion. The focus of product makers to launch differential products for better safety and wider applications in an effort to augment their market share is also supporting the development of the global medical tapes market.
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The global medical tapes market is bifurcated on the basis of product, end-user, and regional analysis. Based on the product, the market is divided into medical breathable PE (polyethylene) tape, medical breathable non-woven tape, easy-tear non-woven cloth tape, medical rayon tape, waterproof zinc oxide adhesive cloth tape, zinc oxide adhesive cloth tape, and others. Based on the end-user, the market is divided into would dressing, fixation, and others.
The Asia Pacific And Latin America Regions Estimated To Witness Highest Growth In The Global Medical Tapes Market
Based on the geographical analysis, the global medical tapes market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region contributed to 31.1% of market revenue in the global medical tapes market during 2015. Latin America and the Asia Pacific are expected to be the fastest budding markets globally. The increasing prevalence of chronic wounds around the world and accessibility of an extensive variety of medical tapes is likely to boost the revenue growth of the global market in the forecasted period. India and China are projected to dominate the market in the Asia Pacific region due to a large number of patients and constructive market dynamics.
The global medical tapes market is segmented as follows:
By product
Medical breathable PE (polyethylene) tape
Medical breathable non-woven tape
Easy-tear non-woven cloth tape
Medical rayon tape
Waterproof zinc oxide adhesive cloth tape
Zinc oxide adhesive cloth tape
Others
By end-user:
Fixation
Would Dressing
Others
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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