Rising awareness about advanced Wound Care is expected to hinder the growth of the medical tapes market
(EMAILWIRE.COM, October 19, 2019 ) According to the new market research report "Global Medical Tapes Market by Product (Tapes (Fabric, Paper, Plastic), Bandage (Gauze, Adhesive, Cohesive & Elastic)), Application (Surgery, Trauma & Laceration, Ulcer, Sport, Burns), End User (Hospitals, ASCS, Clinics, Homecare) - Forecast to 2022", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
Medical Tapes and Medical Bandages Market over the forecast period of 2017 to 2022. This market is projected to reach USD 7.39 Billion by 2022 from USD 6.13 Billion in 2017, at a CAGR of 3.8%.
Factors such as rising number of surgeries, increasing incidence of chronic wounds, and rising geriatric population are driving the growth of the market.
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Based on end users, the hospitals segment is estimated hold the largest share of the market in 2017
Based on end users, the market is categorized into hospitals, clinics, ambulatory surgical centers and homecare setting. The hospitals segment accounted for the major share of the market in 2016, owing to a large number of surgical procedure being performed in hospitals apart from a high number of chronic wound treatments. This trend is expected to continue in 2017 as well.
Asia-Pacific is expected to dominate the medical tapes and medical bandages market in 2017
Geographically, the medical tapes and medical bandages market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the largest share of the market in 2017, followed by North America. The market in Asia-Pacific is primarily driven by the availability of huge population base which is aging, and affected with diabetes and other conditions requiring surgical intervention to treat.
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Mr. Shelly Singh
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