Medical Tapes Market

The global medical tapes market is projected to reach USD 23.64 billion by 2025, while experiencing a significant CAGR of 4.83% during the forecast period. Factors driving the industry growth include; rising number of surgeries, increasing prevalence of accidents and trauma cases, and rising incidence of wounds, burns, and injuries. In addition, increasing research and development activities along with rising ageing population is further expected to fuel the market growth. However, availability of advanced wound care products is anticipated to restrain the market growth.

Suitable and effective bandaging of the wounds is an elementary Medical procedure, which not only avoids blood loss, but helps in improving health condition. With the increasing innovation in medical tape design, wound treatment holds a significant market share in the medical industry. Moreover, ambulatory centers, clinics, and hospitals are continuously adopting the latest range of Medical Tapes, which expected to increase the demand for medical tapes over the forecast period.

Key findings from the report:

• The global medical tapes market is expected to reach USD 23.64 billion by 2025, and is estimated to augment at a CAGR of 4.83% during the forecast period.
• Based on Product type, the silk cloth segment is accounted to hold the major market share in 2018, and is expected to retain its dominance over the forecast period. Increasing usage of silk cloth medical tapes in wide range of applications is estimated to boost the market growth during 2019-2025.
• Wide adoption of medical tapes in wounds and injuries application is likely to register a higher CAGR over the forecast period, and is expected to emerge as the fastest growing segment during 2019-2025
• Based on End-use, Hospitals segment is accounted to hold the major market share in 2018, and is expected to retain its dominance over the forecast period. Rising number of chronic heart diseases coupled with increasing number of paitients undergoing surgeries is anticipated to create a positive demand of the medical tapes in hospitals.
• Geographically, North America dominated the global medical tapes market in 2018, owing to the rapid increase in geriatric population in the region. Asia-Pacific is likely to emerge as the fastest growing region during the forecast period.
• Major players operating in the global medical tapes market includes: 3M; Johnson & Johnson; Paul Hartmann AG; Scapa Group PLC;  Andover Healthcare Inc.; Cardinal Health; Avery Dennison Corporation; and Derma Sciences Inc. among others.

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The report segments the global medical tapes market is segmented on the basis of product type, application, end-use and region.

By Product Type

• Adhesive tapes
• Elastic tapes
• Silicone tapes
• Paper tapes
• Silk cloth tapes

By Application

• Wounds and Injuries
  • Ulcer treatment
  • Sports injury
  • Burn injury
  • Surgical wound treatment
  • Traumatic wound treatment
  • Others
• Surgeries & Securement

By End-Use

• Hospitals
• Ambulatory Surgical Centres (ASCs)
• Clinics
• Homecare

By Region

• North America
• Asia-Pacific
• Europe
• Central & South America (CSA)
• Middle East and Africa (MEA)

Medical Tapes Market: Increasing innovation in medical products driving the market growth; to register a CAGR of 4.83% during 2019-2025