The global medical tapes and bandages market size is expected to reach USD 12.45 billion by 2030, according to a new study by Polaris Market Research. The report “Medical Tapes and Bandages Market Share, Size, Trends, Industry Analysis Report, By Product (Adhesive, Gauze, Elastic, Cohesive, Others); By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Medical bandages are a strip or a piece of cloth that is used to hold a dressing applied to the wound in place. Furthermore, medical bandages are also used to offer compression to stop bleeding of a wound or reduce local swelling associated with an injury.
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In addition, there are different types of medical bandages available in the market that serve different functions. For instance, cohesive bandages are used to apply pressure to stop bleeding, whereas gauze bandages are wrapped around the wound to hold the dressing in place. The rapid rise in road accidents and trauma cases led to a surge in the number of patients admitted to healthcare facilities for the treatment of wounds, leading to a surge in demand for medical bandages. The rise in the aging population, increase in surgical procedures, and introduction of new products by market players supports the growth of the global market.
The growth of the global market is primarily driven by a rise in healthcare expenditure worldwide. In addition, the rise in demand for medical care serves as an opportunity for key players in the future. Moreover, several governments across the world are establishing a greater number of healthcare facilities. This is estimated to lead to the easy availability of medical services, which is expected to serve as an opportunity for the key players of the medical tapes and bandages industry.
Medical Tapes and Bandages Market Report Highlights
Polaris Market Research has segmented the medical tapes and bandages market report based on product, application, end-user, and region.:
Medical Tapes and Bandages, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Medical Tapes and Bandages, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Medical Tapes and Bandages, End-User Outlook (Revenue - USD Billion, 2018 - 2030)
Medical Tapes and Bandages, Regional Outlook (Revenue - USD Billion, 2018 - 2030)