Over the course of the forecast period, expansion of the global market for medical tapes is anticipated to be fueled by an increase in the number of road accidents. For example, the National Informatics Center reports that India had a total of 4,67,044 car accidents in 2018. This number was recorded in 2018.A further factor that is anticipated to contribute to the expansion of the market is the rising incidence of injuries. For instance, 107,335 work-related injuries were reported in Australia in 2017-2018, according to Safe Work Australia's statistics.
The global Medical Tapes Market was valued at US$ 1,317.3 Mn in 2019 and is forecast to reach a value of US$ 2,082.2 Mn by 2027 at a CAGR of 5.9% between 2020 and 2027.
Prominent Players in the Medical Tapes Industry:
3M
3M was founded in 1902 and its headquarter in Saint Paul, Minnesota, United States. The company operates in 200 countries. In2022 3M announced today that it has completed its acquisition of Advanced Chemistry & Technology
Johnson & Johnson,
Johnson & Johnson ,founded in 1886, and it’s located in New Brunswick, New Jersey, United States. The company operates in 60 countries.