MEDICAL TAPES AND BANDAGES MARKET SIZE AND GROWTH 2021, CAGR VALUE, TOP PLAYERS WITH SHARE AND REVENUES, INDUSTRY TRENDS, BUSINESS STRATEGIES AND CHALLENGES TILL 2030


MEDICAL TAPES AND BANDAGES MARKET SIZE AND GROWTH 2021, CAGR VALUE, TOP PLAYERS WITH SHARE AND REVENUES, INDUSTRY TRENDS, BUSINESS STRATEGIES AND CHALLENGES TILL 2030

OCTOBER 20, 2021CAROLINE GLASSEDIT”MEDICAL TAPES AND BANDAGES MARKET SIZE AND GROWTH 2021, CAGR VALUE, TOP PLAYERS WITH SHARE AND REVENUES, INDUSTRY TRENDS, BUSINESS STRATEGIES AND CHALLENGES TILL 2030″

In a recent published report, Kenneth Research has updated the market report for Medical Tapes and Bandages Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Tapes and Bandages Market  products.

Kenneth Research has recently added a report titled Medical Tapes and Bandages Market  in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The Global Medical Tapes and Bandages Market was valued at USD 5.97 billion in 2016 and is projected to reach USD 7.62 billion by 2025, growing at a CAGR of 3.1% from 2017 to 2025.The growing ratio of healthcare facilities and cases requiring the services, the usage of accessories has also increased. Medical Tapes and bandages come to use in almost every medical practice and hence the market is seeing high numbers currently.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:
https://www.kennethresearch.com/sample-request-10059275

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising number of accidents and Surgeries
1.2 Large share of older age group citizens in entire population
1.3 Increased cases of severe injuries

2. Market Restraints
2.1 Awareness regarding Knowledge about First aid care
2.2 Awareness regarding Advanced Wound care

Market Segmentation:
The global Medical Tapes and Bandages Market is segmented on the basis of product, extraction method, application, and region.
1. Global Medical Tapes and Bandages Market, by Application:
1.1 Surgical Wound Treatment
1.2 Traumatic Wound Treatment
1.3 Ulcer Treatment
1.4 Sports Injury Treatment
1.5 Burn Injury Treatment
1.6 Others

2. Global Medical Tapes and Bandages Market, by Product:
2.1 Medical Bandages
2.1.1 Gauze Bandages
2.1.2 Adhesive Bandages
2.1.3 Cohesive and Elastic Bandages
2.1.4 Other Medical Bandages
2.2 Medical Tapes
2.2.1 Fabric Tapes
2.2.2 Paper Tapes
2.2.3 Plastic Tapes
2.2.4 Others

3. Global Medical Tapes and Bandages Market, by End User:
3.1 Hospitals
3.2 Ambulatory care centers
3.3 Clinics
3.4 Homecare settings

4. Global Medical Tapes and Bandages Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. 3M Company
2. Covidien PLC (A Subsidiary of Medtronic)
3. Derma Sciences, Inc. (A Subsidiary of Integra Lifesciences Corporation)
4. Johnson & Johnson
5. Smith & Nephew PLC
6. Medline Industries, Inc.
7. B. Braun Melsungen AG
8. Cardinal Health, Inc.
9. Paul Hartmann AG
10. Beiersdorf AG
11. Nitto Denko Corporation
12. BSN Medical
13. Mölnlycke Health Care
14. Andover Healthcare Inc.
15. Nichiban Co., Ltd.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Medical Tapes and Bandages Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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