According to WHO, nearly 1.6 million people died directly from diabetes in 2016. Prevalence of non- communicable diseases and lifestyle disorders boost the medical tape and bandage market globally. This market is expected to grow at an annual growth rate of almost 7% in the next 8 to 10 years.
Before the finish of 2021, the worldwide medical tape and bandage market is probably going to stamp the income of USD ~9 billion, in this manner expected to escalate at a CAGR of ~7% over the period 2022-2030. Diabetes, malignancy and other immune system sicknesses are driving the market. Factors like antimicrobial obstruction, undesirable and inactive ways of life, drinking and smoking are prompting an expansion in the pervasiveness of non-transmittable sicknesses. As indicated by the National Diabetes Statistics Report gave by the Centers for Disease Control and Prevention (CDC), in 2017, in excess of 100 million individuals in the United States had diabetes or pre-diabetes. Likewise, the World Health Organization revealed that in 2016, roughly 1.6 million individuals overall kicked the bucket straightforwardly from diabetes.
Major market players:
Smith & Nephew PLC; Mölnlycke Health Care; ABEthicon Inc.; (JOHNSON & JOHNSON) Medtronic 3M; Beiersdorf AG; Urgo Medical; Dynarex Corporation; Winner Medical Group, Inc.; McKesson Corporation; Cardinal Health; 3L Medical products group; B Braun Melsungen AG.
Cancer has consistently been a worldwide wellbeing trouble since it is one of the fundamental drivers of death. As per gauges by the World Health Organization, malignant growth is the main source of death around the world, and very nearly one-6th of passing can be ascribed to the illness. Furthermore, they report that over 70% of disease related passing ordinarily happen in low-and center pay nations.
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As the predominance of constant illnesses has expanded and the quantity of tasks performed has likewise expanded, injury care items and swathes are progressively used to forestall diseases at the careful site. Most careful injuries after disease medical procedure are somewhat huge and profound, and produce exudate that requires customary therapy. Wound dressing items, like swathes, cloth, and tape, just as clinical wrap and tape items, like hydrogels, alginates, and froth, assist with treating enormous injuries and altogether diminish the danger of contamination.
In this manner, the expansion in the occurrence of persistent sicknesses is relied upon to build the interest for wound consideration items and clinical wraps and tapes, subsequently driving business sector development. To drive the market. For instance, as indicated by the World Health Organization (2018), around 1,000,000 individuals in India experience serious or moderate consumes every year.
Also, as per the National Center for Biotechnology Information (NCBI), in 2017, nations like Bulgaria, Finland, the Netherlands, China, Australia, and the United Kingdom revealed an increment in the rate of consumes. Likewise, as indicated by information from the American Association of Traumatic Surgery (AAST), there were about 1.2 million death worldwide in 2017, which is identical to around 3,242 passings in car crashes each day.
Auto collisions essentially happen in low-pay and center pay nations. Biomaterials and skin substitutes are basically utilized for the mending of a wide range of consumes. Likewise, swathes and cloth are utilized to treat little injuries. Consequently, the expansion in the quantity of mishaps is relied upon to drive the interest for clinical swathes and tapes, which is required to prompt significant market development during the estimate time frame.
Main market regions:
The study of medical tape and bandage market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global medical tape and bandage market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.