Medical Tapes Market Expected to Fuel Revenue Growth | Page 3
R e s e a r c h
M a r k e t
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.
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.
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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.
P e r s i s t e n c e
Some of the key companies covered in the global medical tapes report include 3M, Johnson &
Johnson, Paul Hartmann AG, Scapa Group PLC, Andover Healthcare Inc., Ad Tape & Label,
and Medtronic Plc. These companies are primarily focused on enhancing their market share by
entering new markets and by introducing innovative and cost-effective medical tapes in order to
gain a higher market share and to strengthen their respective position in the global medical
tapes market.
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Global Medical Tapes Market 2016-2024