The global medical tapes and bandages market is driven by the rise in the number of surgeries and the geriatric population globally. The Asia Pacific region is predicted to witness the fastest growth rate in the forecast period as a result of increasing ageing and diabetes-prone population.
Some of the major players within the medical tapes and bandages market include Johnson & Johnson (NYSE: JNJ) and Smith & Nephew Plc (LON: SN). Johnson & Johnson invented the first-ever commercial first aid kit more than a century ago and later ventured into producing innovative and designed band-aids to provide assistance in the treatment of war wounds, snake bites, and so on and so forth. The company has since manufactured the first aid kit and recently, i.e., in 2018, it has provided customers with the liberty to build a customised first aid kit. This will offer convenience to customers as they can personalise the kit to include waterproof bandages and pain relievers, etc. as per their potential requirements. These adhesive medical tapes and bandages are important to reduce the risk of infection as well as the formation of scars.
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3m Healthcare, Johnson & Johnson, Smith & Nephew Plc, Medtronic Plc., Cardinal Health Inc., Medline Industries, Inc., Baxter International Inc., and Derma Sciences Inc., among others, are the key players in the global medical tapes and bandages market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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