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Medical Tapes and Bandages Market Is Growing at 8.40% CAGR to Hit USD 315.5 BN: Statistics Report By Credence Research

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Medical Tapes and Bandages Market Is Growing at 8.40% CAGR to Hit USD 315.5 BN: Statistics Report By Credence Research

November 15
20:25 2022
Medical Tapes and Bandages Market Is Growing at 8.40% CAGR to Hit USD 315.5 BN: Statistics Report By Credence Research
The global market is projected to have a significant CAGR of 8.40% in the upcoming years. The global industrial automation industry was estimated to be worth USD 194.5 billion in 2021 and is projected to be worth USD 315.5 billion by 2028.

The Global Medical Tapes and Bandages Market generated revenue of around USD 8.9 billion in 2021 and is anticipated to grow a CAGR of over 3.3% during the forecast period from 2022 to 2028 to reach around USD 10.8 billion in 2028.

One of the main reasons influencing market expansion is the introduction of new products that streamline processes and make them safer and more efficient. For instance, in May 2019, 3M signed a legally binding agreement to buy the advanced wound care and specialty surgical solutions businesses of Acelity and its KCI Subsidiaries. This move was made to diversify the company’s product line and support the anticipated market growth in the coming years. Additionally, tapes and bandages are used to treat small wounds. Therefore, the anticipated increase in accidents will increase demand for medical tapes and bandages, which is anticipated to fuel significant market expansion throughout the forecast period.

Medical tapes and bandages market is bifurcated into Product, Application, End Use, and Geography. Based on product, the market is categorized into medical tapes, fabric tapes, paper tapes, plastic tapes, others, medical bandages, gauze bandages, adhesive bandages, cohesive and elastic bandages, and others. Based on application, the global market is segmented into surgical wounds, traumatic wounds, burn injuries, ulcers, sport injuries, and others. Based on end use, the market is categorized into hospitals and clinics, ambulatory surgical centers, and others. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Browse Global Medical Tapes and Bandages Market report- https://www.credenceresearch.com/report/medical-tapes-and-bandages-market

North America is the dominating region in terms of the global market for medical tapes and bandages. The growing number of orthopedic procedures conducted in the United States drives the demand for bandages and medical tapes. Additionally, the old practice of traditional wound dressing has been replaced with the use of new kinds of bandages and tapes, facilitating quick healing. The existence of large companies developing cutting-edge products is one of the factors encouraging growth in the area. The governments of US and Canada have also put into place several policies and programs in the healthcare sector that promote the adoption of novel medical procedures, the development of technology, and enhanced healthcare infrastructure.  

Why Buy This Report

  • The report provides a qualitative and quantitative analysis of the global medical tapes and bandages market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global medical tapes and bandages market segmentation based on product, application, and end-use.
  • Major countries in each region with their import/export statistics
  • The global medical tapes and bandages market report also include analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and key application areas.

Table of Content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

2.1. Market Snapshot: Global Medical Tapes and Bandages Market

2.2. Global Medical Tapes and Bandages Market, By Product

2.3. Global Medical Tapes and Bandages Market, By Application

2.4. Global Medical Tapes and Bandages Market, By End Use

2.5. Global Medical Tapes and Bandages Market, By Region

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Medical Tapes and Bandages Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Product

3.3.2. Application

3.3.3. End Use

3.3.4. Geography

 

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

 

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

 

6. COVID 19 Impact Analysis

6.1. Global Medical Tapes and Bandages Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

…………………

TOC continued

Browse Global Medical Tapes and Bandages Market report- https://www.credenceresearch.com/report/medical-tapes-and-bandages-market

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Media Contact
Company Name: Credence Research
Contact Person: Gunakesh Parmar
Email: Send Email
Phone: +91-8668442535
City: Gwalior
State: MP
Country: India
Website: https://www.credenceresearch.com/report/medical-tapes-and-bandages-market

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