Global Market Study on Medical Tapes: Hospitals End User Segment to Retain Market Dominance Through 2024


  • Published On : Oct-2016 |
  • Pages : 175 Pages |
  • Format :

Persistence Market Research analyzes the global medical tapes market over an eight year period from 2016 to 2024. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the global medical tapes market over the forecast period (2016 – 2024). The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value chain analysis; and updates on developments in the global medical tapes market.

The global medical tapes market report begins with an overview of medical tapes and key market definitions. This section also underlines factors influencing the growth of the global medical tapes market along with a detailing of the key trends, drivers, restraints, and opportunities. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends is included in the report to better equip clients with information and hidden insights.

The global medical tapes market is segmented based on product type into adhesive tapes, elastic tapes, silicone tapes, paper tapes, and silk cloth tapes. Based on application, the market has been segmented into wounds & injuries and surgeries & securement. Based on distribution channel, the market has been segmented into hospitals, Ambulatory Surgical Centers (ASCs), clinics, and homecare settings.

The next section of the report highlights the growth trends of the medical tapes market by regions. It provides a market outlook for 2016–2024 and sets the forecast within the context of the global medical tapes market. The study discusses key regional trends contributing to the growth of the medical tapes market worldwide, as well as analyses the extent to which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and MEA.

The final section of the global medical tapes market report presents a competitive landscape of the global medical tapes market to provide report audiences with a dashboard view of leading market players operating in the global medical tapes market, along with information on their market performance, SWOT analysis, and key business strategies. Some of the key players identified in the global medical tapes market include 3M, Johnson & Johnson, Paul Hartmann AG, Scapa Group PLC, Andover Healthcare Inc., Ad Tape & Label, and Medtronic Plc.

Research methodology

The global medical tapes market report utilizes extensive primary and secondary research to ascertain overall market size, top industry players, top products, industry associations, etc. The report incorporates various viewpoints based on secondary research. Furthermore, data points such as regional split and market split by product type, application type, distribution channel, and region; and qualitative inputs from industry experts have been taken into consideration to arrive at suitable market estimates. The report begins by sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the ever-fluctuating nature of the global economy, the report presents forecasts not only in terms of CAGR, but also analyzes the global medical tapes market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities in the global medical tapes market.

Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global medical tapes market. Further, to understand key market segments in terms of growth and performance in the global medical tapes market, Persistence Market Research has developed a market attractiveness index to help providers identify real market opportunities in the global medical tapes market.

Medical tapes or surgical tapes are a type of pressure sensitive tapes that are used in wound management to hold and secure the dressings and bandages on wounds. These tapes allow air to pass through them, and thus do not cause any damage to the skin. Medical tapes are also used to prevent injuries in sports and secure the I.V. tubes and drips used in various healthcare conditions. In terms of value, the global medical tapes market is estimated to expand from US$ 1,065.4 Mn in 2015 to US$ 1,757.2 Mn by 2024 end, registering a CAGR of 5.8% during the forecast period.

Market dynamics

Growth in the global medical tapes market is mainly driven by rising incidence 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. Moreover, increasing awareness regarding the use of medical tapes for securement among physicians and patients and rising incidence of wounds, burns, and injuries is expected to boost the revenue growth of the global medical tapes market in the near future. However, availability of advance wound care products, development of Medial Adhesive Related Skin Injuries (MARSI), and lack of proper guidelines for selection and use of medical tapes in various geographies are factors likely to restrain revenue growth of the global medical tapes market.

Segment analysis

Based on product type, the global medical tapes market has been segmented into adhesive tapes, elastic tapes, silicone tapes, paper tapes, and silk cloth tapes. The silicone tapes segment is projected to be the fastest growing product segment over the forecast period, owing to its increasing usage and safety among children and elder patients. The silk cloth tapes segment is estimated to account for 29.1% revenue share in 2016 and is expected to grow significantly over the forecast period.

On the basis of application, the market has been segmented into wounds & injuries and surgeries & securement. The wounds & injuries segment accounted for the highest revenue share of 68.2% in 2015 in the global medical tapes market and is expected to retain its dominance throughout the forecast period.

On the basis of distribution channel, the market has been segmented into hospitals, Ambulatory Surgical Centers (ASC), clinics, and homecare settings. The hospitals segment is the most preferred medium of medical tapes distribution, accounting for the highest revenue share of 44.4% in 2015, and is expected to retain its dominance throughout the forecast period.

medical tapes market

Regional analysis

The global medical tapes market has been segmented into five major regions namely North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In terms of value, the Asia Pacific region is estimated to dominate the market with 31.1% revenue share of the global medical tapes market in 2015. Asia Pacific and Latin America are estimated to be the fastest growing emerging markets in the global medical tapes market. Currently, silk cloth tapes are a major revenue contributor in most regions. Rising prevalence of chronic wounds across the world and availability of a wide variety of medical tapes is expected to fuel revenue growth of the global medical tapes market over the forecast period. China and India are expected to remain dominant in the Asia Pacific medical tapes market owing to a large number of patients and favorable market dynamics.

Key market players

Some of the key players identified in the global medical tapes market include 3M, Johnson & Johnson, Paul Hartmann AG, Scapa Group PLC, Andover Healthcare Inc., Ad Tape & Label, and Medtronic Plc. Manufacturers are focusing on developing a variety of products to retain market share. For instance, key players in the global medical tapes market are focusing on introducing differentiated products such as tapes for sports professionals and skin sensitive tapes to retain a larger market share. Adoption of newer marketing strategies by medical tapes manufacturers to attract a young population with skin tone medical tapes is also gaining ground.

Company Profile

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