New York , United States- Report Ocean presents a new report on Medical Tapes and Bandages market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
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The global medical tapes and bandages market size was US$ 7.9 billion in 2021. The global medical tapes and bandages market is forecast to grow to US$ 11.81 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Medical Tapes and Bandages market report 2022 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
Medical tapes and bandages are used by healthcare professionals to heal the wound efficiently. Medical tapes protect the wounds from bacteria, moisture, and dirt.
The growing demand for waterproof bandages, transdermal patches, and butterfly stitches are forecast to offer ample growth opportunities for market growth.
Factors such as the growing geriatric population and the increasing cases of ulcers, diabetic foot, and wound infections will propel the global market for medical tapes and bandages forward.
The rising number of accidents will contribute to the growth of the global medical tapes and bandages market during the forecast period.
Ongoing advancements in medical adhesives and favorable government initiatives are forecast to fuel the growth of the global medical tapes and bandages market.
The lack of awareness related to advanced wound care may limit the growth of the global medical tapes and bandages market.
The growing initiatives from the governments to expand healthcare expenditure will offer ample growth opportunities for the growth of the global medical tapes and bandages market. In addition, the rising awareness about home healthcare will contribute to the growth of the global medical tapes and bandages market during the analysis period.
The COVID-19 pandemic has had a negative impact on the global medical tapes and bandages market. It is due to the sudden decrease in the cases of burn injury and sports injury. In addition, the ban on social gatherings has declined the demand for medical tapes and bandages. Further, hospitals also avoided admitting other cases except for COVID-19. As a result, it hampered the growth of the global medical tapes and bandages market. On the contrary, the increased awareness related to home healthcare has been a beneficial factor for the global medical tapes and bandages market throughout the forecast period.
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North America is forecast to dominate the global medical tapes and bandages market patient in terms of revenue. The growth of the market is attributed to the growing awareness related to wound infections. In addition, the growing geriatric population and increasing prevalence of diabetes will contribute to the growth of the global medical tapes and bandages market during the study period. Asia-Pacific is forecast to register considerable growth, owing to the growing number of opportunities and expansion of the leading healthcare players.
Johnson & Johnson Services Inc.
The medical tapes and bandages market has been segmented based on type –
The medical tapes and bandages market has been segmented based on application –
Others (Diagnostics and IV Site Dressing)
The medical tapes and bandages market has been segmented based on the end-user –
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The medical tapes and bandages market has been segmented based on the region –
Middle East & Africa (MEA)
What are the aspects of this report that relate to regional analysis?
?The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. ?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level. ?Reports on the market include the growth rates of each region, which includes their countries, over the coming years. ?How are the key players in the market assessed? ?This report provides a comprehensive analysis of leading competitors in the market. ?The report includes information about the key vendors in the market. ?The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured. ?The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players. ?A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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