Friday, 24 September 2021 10:19 GMT

The Medical Tapes Market To Steal The Growth Show (US$ 1,757.2 Million) Through Innovation Between 2024

(MENAFN- iCrowdNewsWire) The Medical Tapes Market will be worth US$ 1,757.2 Million at a CAGR of 5.8% from 2024. With interconnected ecosystems taking the center stage, advancements in technology are bound to bring about a digital alteration in the healthcare vertical. Also, bio-based medications are on the anvil.

In a new report titled  'Medical Tapes Market: Global Industry Analysis and Forecast 2016 – 2024',  Persistence Market Research analyzes the performance of the global  medical tapes market  over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024).

The global medical tapes market is expected to register a  CAGR of 5.8%  during the forecast period 2016–2024. In this report, the global medical tapes market is tracked in terms of value and is calibrated to obtain market revenue estimates.

Planning Forward? Access Sample Of Medical Tapes Market Report! 

Company Profile

  • 3M
  • Johnson & Johnson
  • Paul Hartmann AG.
  • Scapa Group PLC
  • Andover Healthcare Inc.
  • Ad Tape & Label
  • Medtronic

How About Revitalizing The Strategy-Oriented Funnel To Stay Ahead In The Medical Tapes Market? 

Market dynamics

Rising incidences of Healthcare Acquired Infections (HAIs), product line extensions from manufacturers, increasing innovation, concern about patient safety among clinicians, and development of single patient use tapes are major factors driving the growth of the global medical tapes market currently.

Other trends boosting market growth are increasing awareness regarding the use of medical tapes for securement among physicians and patients and rising incidence of  wounds , burns, and injuries. In addition, medical tapes manufacturers in the global medical tapes market are focusing on introducing differential products with enhanced safety and applications to increase their market share.

However, adoption of alternative treatment methods, increasing incidence of Medical Adhesive Related Skin Injuries (MARSI), and a lack of guidelines regarding proper selection and usage of medical tapes are expected to hamper the growth of the global medical tapes market.

Market forecast

The global medical tapes market is segmented based on product type, application, distribution channel, and region. On the basis of product type, the market has been segmented into adhesive tapes, elastic tapes, silicone tapes, paper tapes, and silk cloth tapes. The silk cloth medical tapes segment is expected to remain the largest segment, registering a  CAGR of 5.0%  in terms of value over the forecast period.

The wider application of silk cloth medical tapes in various healthcare conditions and easier availability is expected to contribute to their growing popularity. The silicone tapes segment is expected to emerge as the most preferred product type for both patients and physicians globally over the forecast period, and is expected to register a CAGR of 6.6% during the forecast period 2016-2024.

Planning To Introduce An Offbeat Product/Technology In The Medical Tapes Market? Go To“Purchase Now” To Have Our Medical Tapes Market Report! 

On the basis of application, the global medical tapes market has been segmented into wounds & injuries and surgeries & securement. The wounds & injuries segment dominated the global medical tapes market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The hospitals segment is estimated to account for 44.6% revenue share of the global medical tapes market by 2016 end owing to increased number of hospitalizations.

On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. This report assesses trends driving each market segment and offers analysis and insights about the potential of medical tapes in specific regions. Asia Pacific is estimated to dominate the global medical tapes market with maximum value share of the overall market by the end of 2016.

By 2024, the North America and Asia Pacific markets are expected to account for over 60% revenue share of the global medical tapes market. In terms of value, Asia Pacific is estimated to be the dominant market, registering a  CAGR of 7.0%  over the forecast period.

Access Trending Reports:

Recombinant Cell Culture Supplements Market – According to a latest report published by Persistence Market Research, the global recombinant cell culture supplements market was valued at US$ 441 Mn in 2020, and is predicted to witness an impressive CAGR of over 6% during the forecast period (2021 – 2031).

MRI Systems Market – The global MRI systems market was valued at US$ 7.2 Bn in 2018, and is expected to witness a CAGR of nearly 7% during the forecast period (2019–2029).

Cell Culture Media Market – The global cell culture media market was valued at US$ 2.4 Bn in 2018, and is expected to witness a healthy CAGR of 7% over the forecast period (2019–2029).

About Us:-

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the“missing” link between“customer relationships” and“business outcomes'. The best possible returns are assured therein.

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales  – 
Website  –

Related Post  Retail Shelving System Market Estimates the market to expand at 8.8% CAGR from 2021 to 2031  Stock Footage Software Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027  At a CAGR of 3.7%, Global African Mango Seed Extract Market size is projected to reach US$ 104.9 million by 2026  Global To Be The Epicenter Of Auto Parts Manufacturing Market  With a CAGR of 11.4%, Global Manuka Honey Market size is expected to reach US$ 751.1 million by the end of 2027


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.