The latest industry report on Medical Tape Market provides comprehensive valuable insights on the market development activities demonstrated by industry players, growth opportunities and market sizing for Telehealth, complete with analysis by key segments, leading and emerging players, and geographies. The report is titled “Medical Tape Market Size, Share & COVID-19 Impact Analysis, By Material (Paper, Fabric, Plastic, and Others), By Application (Wound Care, IV Set Placement, Post-Operative Care, and Others), By End-User (Clinics, Hospitals & ASCs, and Others), and Regional Forecast, 2021-2028”
The global medical tape market size was USD 1.10 billion in 2020. The market is projected to grow from USD 1.14 billion in 2021 to USD 1.61 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period.
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The report on Medical Tape Market size analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
Drivers & Restraints
Medical tapes have increasing applications in wound care and wound supportive closure, patient monitoring, and wearable devices such as ostomy bags, electrode fixtures, and splint attachments. The selection of different types of tapes for various applications depends on the characteristics of these products, including porosity, water resistance, shear strength, and adhesive strength.
The increasing prevalence of chronic diseases, especially in the U.S., the U.K., China, and India, is projected to increase the number of hospital admissions. This is expected to fuel the demand for medical tape and grow the market. For instance, according to data estimated by Statista in 2021, the total number of hospitals increased from 5,724 in 2010 to a staggering 6,090 in 2018. Additionally, there is a higher number of inpatient hospitalization, which is increasing the adoption of medical consumables. The subsequent rise in adoption of tapes is projected to fuel the growth of the market.
- For instance, according to data published by Canadian Institute for Health Information, in 2021, there were 3 million inpatient hospitalizations in Canada. The shift toward a sedentary lifestyle, rising stress levels, and obesity among the general population are some of the major factors responsible for increasing chronic diseases, thereby increasing hospital admissions. The rising number of hospital admissions is projected to increase the utilization of medical tapes, thereby driving the growth of the market.
This report features an extensive study of the current market landscape and the likely future potential; associated with the Medical Tape Market , over the next decade. The study also includes a detailed analysis of key drivers and trends within this evolving market.
Key players covered in the global Medical Tape Market research report:
- Cardinal Health (Ohio, U.S.)
- 3M (Minnesota, U.S.)
- Beiersdorf (Hamburg, Germany)
- Smith and Nephew (London, U.K.)
- McKesson Corporation (Texas, U.S.)
- Medtronic PLC (Dublin, Ireland)
- Medline Industries (Illinois, U.S.)
- Avery Dennison Corporation (California, U.S.)
- Nichiban (Tokyo, Japan)
- Paul Hartmann AG (Heidenheim, Germany)
- Nitto Denko Corporation (Osaka, Japan)
- Scapa Group PLC (Ashton-under-Lyne, U.K.)
Why choose our report?
- Latest Technical Advancements
- Comprehensive Report
- Historical and Current Scenario
- Potential Market Opportunities
- Extensive Product Offering
- Strong Industry Focus
- Growth Dynamics
- Value Chain Analysis
- Robust Research Methodology
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Medical Tape Market Report covers the top key player’s data, including trades volume, price, revenue, gross profit, interview record, and business distribution, etc., these data help the buyer to know about the opponents better. This report also covers all the regions and top countries of the world, which shows a regional development position, including Industry size, volume, and value, as well as price data.
What Medical Tape Market Report Provides:
- The report provides key statistics on the market status of the Medical Tape Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.
- The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates the market development trends of the Medical Tape Market in 2022.
This report focuses on Medical Tape Market Size, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets.
Key Points from TOC:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global Statistics — Key Countries
- New Product Launches
- Pipeline Analysis
- Regulatory Scenario — Key Countries
- Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Medical Tape Market Analysis, Insights and Forecast
- Key Findings/ Summary
- Market Analysis — By Product Type
- Market Analysis — By Distribution Channel
- Market Analysis — By Countries/Sub-regions
- Competitive Analysis
- Key Industry Developments
- Global Market Share Analysis
- Competition Dashboard
- Comparative Analysis — Major Players
- Company Profiles
- Products and Services
- SWOT Analysis
- Recent developments
- Major Investments
- Regional Market Size and Demand
- Strategic Recommendations
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