The medical tapes & bandages market in China is estimated to grow at a CAGR of 4.8% during the forecast period. Major factors driving the growth of the market in the country include the growing aging population coupled with the increasing prevalence of pressure ulcers. Aged people are more prone to develop pressure ulcers than younger people, thereby increasing aging population base in the country can be a major factor that may lead to an increase in the prevalence of pressure ulcers among people. In addition, the growing incidence of diabetes further supports the growth of the market as diabetes is likely to increase the chances of diabetic wounds.
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The market is segmented on the basis of product and application. On the basis of product, the market is segmented into two main categories which include medical tapes and medical bandages. Medical bandages include several types such as gauze bandage, adhesive bandage, cohesive and elastic bandage, and others which include diagnostic tapes. Medical bandages held the highest market share in 2018. On the basis of application, the market is segmented into surgical wound treatment, traumatic wound treatment, ulcer treatment, sports injury treatment, burn injury treatment and other applications. The traumatic wound held the highest market share in 2018.
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Some of the key players operating in the China medical tape & bandage market include 3M Co, Smith & Nephew PLC, Johnson and Johnson Services Inc., and others. These market players have a strong product portfolio which contributes to their business growth. Major strategies adopted by these market players include merger & acquisition, product launch, and geographical expansion. These market players are significantly contributing to the global medical tapes and bandages market.
Market Segmentation
By Product
Medical Bandage
- Gauge Bandage
- Adhesive Bandage
- Cohesive and Elastic Bandage
- Other Medical Bandage
Medical Tapes
- Fabric Tapes
- Paper Tapes
- Plastic Tapes
- Other Tapes
By Application
- Surgical Wound Treatment
- Traumatic Wound Treatment
- Ulcer Treatment
- Sports Injury Treatment
- Burn Injury Treatment
- Others
Company Profiles
- 3M Co.
- Braun Melsungen AG
- Bostik (An Arkema Company)
- Johnson & Johnson Services, Inc.
- Medipack
- NITTO DENKO CORP.
- Smith & Nephew PLC
- Symbio, Inc.
- YONINER GROUP CO., LTD.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
