Between 2022 to 2027, the medical tape market in Europe is anticipated to grow at a CAGR of 3.32%, and the market size is expected to be valued at USD 1060 million by 2027 from USD 900 million in 2022.
The growing adoption of medical tapes in hospitals, clinics, and laboratories drives the European medical tape market forward. Increasing awareness about the various types of medical tapes for different types of burns and injuries among people helps in the rise of the market demand. Medical tape procedures can be provided in most hospitals with advanced technology to reduce the infection spread around the wound. This dressing treatment is also done in small clinics and ambulatory services by the healthcare worker to stop the bleeding and environmental effect on the wound.
In addition, the growing usage of medical tapes to treat chronic wounds, such as diabetic-related ulcers, is one of the key factors driving the European medical tape market. An estimated 2 million people in Europe suffer from chronic wounds that require medical tapes to reduce the severity of the wounds in a limited time. In addition, most diabetic people over 60 are prone to diabetic ulcers and other related wounds and need the assistance of medical tapes leading to market growth. If diabetic foot ulcer is not treated correctly, they may also lead to death.
Furthermore, the rising number of road accidents across Europe is another major factor promoting the growth rate of the medical tape market in the European region. In Europe, Sweden and Romania have the highest number of road accidents due to the high speed of vehicles and the younger generation's recklessness while driving. In addition, nearly 25% of people in an accident suffer from minor injuries on the knees, head, and hands and need medical tapes to reduce inflammation and pain.
On the other hand, the high costs associated with advanced medical tapes hamper the European medical tape market growth. In addition, a lack of awareness regarding the availability of various medical tapes for different purposes and the lack of usage of medical tapes by ordinary people at home are hindering the growth of the European medical tape market. Furthermore, the low-quality build of the medical tapes and the irritation after the application of the medical tapes are other factors for their low adoption. Finally, lack of hygiene is the primary factor that harms the use of medical tapes while dressing the wound.
This research report on the Europe medical tape market has been segmented and sub-segmented into the following categories.
By Product:
By Surgery:
By End User:
By Country:
In 2021, the European region had a substantial share of the global medical tape market and is expected to hold a considerable share of the worldwide market during the forecast period. Factors such as growing healthcare expenditures and an increasing number of product launches by market participants are fuelling the regional market growth. In addition, the measures taken by the European governments to approve the various types of medical tapes used by the patient population for wounds are expected to have a favorable impact on the medical tape market in Europe.
The UK market led the European region in 2021. The growing availability of medical tapes such as bandages and other related tapes over online platforms significantly boosts the medical tape market in the UK. In addition, the growing R&D efforts by the market participants are promoting the medical tape market in the United Kingdom. Researchers and manufacturers are focusing on manufacturing medical tapes that have an easy application process and can be put on a wound without the help of healthcare providers in the UK.
During the forecast period, the German medical tape market is anticipated to rise at a promising CAGR; the increasing presence of key players in Germany is majorly driving the market. Key market players in Germany focus on developing the different types of medical tapes used for different purposes for the affected patients. They also focus on manufacturing low-cost medical tapes with good quality. In addition, researchers in this region show interest in manufacturing waterproof medical tapes to increase their demand.
KEY MARKET PLAYERS:
McKesson Corporation, Medtronic plc, Paul Hartmann AG., Scapa Group PLC, Smith & Nephew PLC, Urgo Medical, Winner Medical Group, Inc., Coloplast A/S, Dynarex Corporation, Integra Lifesciences Holdings Corporation, Johnson & Johnson, 3M Company, Ad Tape & Label Company, Inc., Andover Healthcare Inc., B. Braun Melsungen AG, and Cardinal Health are a few of the notable companies in the global medical tape market.
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