Medical Tapes Market: Industry Analysis & Opportunities
The medical tape or surgical tape is a pressure-sensitive adhesive tape to cover and treat wounds. These tapes have an adhesive designed to hold the skin firmly. The growing number of hospital-related infections, the expansion of manufacturers' product lines, etc., are important factors in the growth of the global market. Asia-Pacific and Latin America are expected to be the fastest growing market for medical adhesive tapes.
Medical Tapes Market Size and Growth Rate:
Medical Tapes Market was valued at USD 13826 million and is projected to reach USD 16980 million by 2022 growing at a CAGR of 3.15% during the forecast period 2017 to 2022.
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Medical Tapes Market Growth Drivers and Restraints:
The opportunities include greater knowledge of doctors and patients about the use of magnetic tapes for medical purposes, as well as the increasing incidence of burns and injuries.
Geographical Overview of Medical Tapes Market:
China is the dominant market for the sale of medical tapes in the Asia-Pacific region. Brazil must be the essential consumer of adhesive tapes for medical use due to the increasing use of these tapes to ensure IV lines, bandages, burns, surgeries and sports facilities.
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Key Players of Medical Tapes Market:
Some of the leading market players of Medical Tapes Market are 3M, Johnson & Johnson, Smith & Nephew, Medtronic, Nitto Medical, Cardinal Health, Henkel, Beiersdorf and others.
Medical Tapes Market Segmentation:
By Product Type:
- Medical Breathable Non-woven Tape
- Medical Breathable PE Tape
- Medical Rayon Tape
- Easy-tear Non-woven Cloth Tape
- Zinc Oxide Adhesive Cloth Tape
By Industry:
- Fixation
- Would Dressing
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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