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The global medical tapes and bandages market exhibited moderate growth during 2015-2020. Medical tapes and bandages refer to pressure-sensitive wound dressings manufactured using cotton gauge cloth. Some of the commonly available medical tapes include micropore, transpore, zinc-oxide, fabric, paper and plastic tapes and the bandages include gauze, adhesive, cohesive and elastic variants. They are widely used for covering surgical, traumatic, laceration, burn, sports injuries and ulcer wounds to support and minimize movement for reducing swelling and pain. They are also used for maintaining the moisture levels at the site of dressing, promote healing and provide mechanical and bacterial protection to the open wound.
The rising incidence of chronic wound infections, along with the increasing consciousness for patient safety among healthcare providers, is one of the key factors driving the growth of the market. Various ailments, such as diabetic foot, pressure ulcers and ulcerative colitis (UC), require intensive care and timely dressings to ensure proper healing of the wound and prevent any infections. Furthermore, the increasing requirement for surgical procedures for the rising geriatric population is providing a thrust to the market growth. In line with this, the increasing prevalence of Hospital Acquired Infections (HAIs) across the globe is also contributing to the growth of the market. Various product innovations, such as the development of waterproof and antimicrobial tapes and bandages, are acting as other growth-inducing factors. Product manufacturers are using novel biomaterials, skin substitutes, hydrogel, alginate and foam to produce durable tapes and bandages for managing large wounds. Other factors, including extensive research and development (R&D) activities, along with significant improvements in the healthcare infrastructure, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global medical tapes and bandages market to grow at a CAGR of around 4% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical tapes and bandages market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, application and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, B.Braun Melsungen AG, Beiersdorf AG, Cardinal Health Inc., Integra Lifesciences Corporation, Johnson & Johnson, Medline Industries Inc., Medtronic plc, Mölnlycke Health Care AB, Nitto Denko Corporation, Paul Hartmann AG and Smith & Nephew PLC.
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