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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Medical Tapes and Medical Bandages Market Business Outlook 2022

The global medical tapes and bandages market size is projected to reach USD 7.39 billion by 2022 from 6.13 billion in 2017, at a CAGR of 3.8%. Some of the factors driving the growth of this market are the rising number of surgeries, increasing incidence of diabetes, and rising geriatric population. However, the rising awareness about advanced wound care products is the key factor hindering the growth of the market.

Browse 158 market data tables and 34 figures spread through 195 pages and in-depth TOC on "Medical Device Cleaning Market - Global Forecast to 2022"

The growth of the market is mainly driven by the rising incidence of hospital-acquired infections (HAIs), rapidly growing geriatric population, rise in healthcare expenditure, and increasing focus on disinfection and sterilization in the healthcare sector.


In this report, the market is segmented by product type, application, end user, and region. Based on product type, the market is segmented into two broad categories namely medical tapes and bandages. The tapes segment is poised to be the fastest growing segment during the forecast period, owing to factors such as increasing surgical procedures, increasing cases of lacerations, and the rising numbers of chronic wounds.
On the basis of applications, the market is segmented into surgical treatment, traumatic & laceration injury treatment, sport & burn injury treatment, ulcer treatment, and treatment of other injuries and wounds. Among applications, the ulcer treatments segment is expected to grow at the fastest rate during the forecast period. An ulcer takes around four months to heal properly and during this period the patient needs to change dressing every 3-5 days. This increases the use of medical tapes and bandages. Among types of ulcers, the diabetic foot ulcers (DFU) are the most common.
Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and homecare setting. Among these end users, clinics are expected to grow at the fastest rate during the forecast period. This is because most injuries treatable with traditional dressings are treated in clinics like Stage I and Stage II diabetic foot ulcers, minor burns and cuts. Most clinics have sufficient infrastructure and skilled professionals to carry out minor surgical procedures, and also ensure wound redressal post-surgery, as needed.
In 2017, the Asia-Pacific region is expected to emerge as the new revenue-generating segment for prominent market players during 2017-2022. The growth of this Asia-Pacific market is attributed to factors such as huge population base which is aging and prone to diabetes.
Scope of the Report
This report categorizes the global medical tapes and bandages market into the following segments and subsegments:
Medical Tapes and Bandages Market, By Product Type
  • Medical Tapes
    • Fabric Tape
    • Paper Tape
    • Plastic Tape
    • Other Tapes
  • Medical Bandages
    • Gauze Bandage
    • Adhesive Bandage
    • Cohesive and Elastic Bandage
    • Other Bandages
Medical Tapes and Bandages Market, By Application
  • Surgical Wounds
  • Traumatic and Laceration Wounds
  • Burns
  • Ulcers
  • Sport Injuries
  • Other Wounds
Medical Tapes and Bandages Market, By End Users
  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Homecare Setting
Medical Tapes and Bandages Market, By Region
  • North America
  • Europe
  • Asia-Pacific
  • ROW

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