The global medical tapes and bandages market is anticipated to grow at a modest CAGR of around 4.1% during the forecast period (2021-2027). Medical Tapes are designed to assist with a range of conditions and injuries that helps to reduce swelling, protect wounds, among others. in addition, they are widely used in health care practice, securing dressings and bandages onto a wound and hold catheters and drainage lines in place. The market for medical taps and bandages is growing due to various pivotal factor such as the rising number of surgeries, increasing incidence related to road accidents, burns, and trauma events globally, and the growing prevalence of diabetes. According to the National Plastic Surgery Statistic, in 2020, there was a total of 2.3 billion cosmetic surgery procedures occurred including all type of surgeries. Whereas according to WHO, approximately 1.35 million people die each year as a result of road traffic crashes, among these, more than 90% of road traffic deaths occurs in low- and middle-income countries.
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Moreover, according to the American Association for the Surgery of Trauma, in the US, traumatic injury accounts for over 150,000 deaths and over 3 million non-fatal injuries per year. Due to these incidents, the demand for medicals taps and bandages has surged globally. Which in turn, further helps to boost the market growth. Moreover, the rising prevalence of foot ulcers due to increasing diabetes among the geriatric population is also expected to upsurge the use of medical taps and bandages in treatment procedures. According to Foot International, in 2017, 425 million people were estimated to living with diabetes, this count is further anticipated to reach around 628 million by 2025. Due to this, there will be high chances that these people will develop a foot ulcer. As the occurrence of foot ulcer in diabetic people is high according to the same source.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pericardial Disease Market Report by Segment
By Products
- Medical Bandage
o Gauge Bandage
o Adhesive Bandage
o Cohesive and Elastic Bandage
o Other Medical Bandage
- Medical Tapes
o Fabric Tapes
o Paper Tapes
o Plastic Tapes
o Other Tapes
By Application
- Surgical Wound Treatment
- Traumatic Wound Treatment
- Ulcer Treatment
- Sports Injury Treatment
- Burn Injury Treatment
- Other Application
By End-User
- Hospitals & Clinics
- Ambulatory Surgery Center
- Home Care Setting
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
