The medical tapes & bandages market in India is estimated to grow at a CAGR of over 5% during the forecast period. India is one of the fastest-growing economies globally and thus contributes considerably to the medical tapes and bandages market. The prevalence of diabetes has been significant in the country. People suffering from diabetes tend to develop a diabetic foot ulcer, an open sore or wound, which need medical tapes and bandages to reduce its effect or when getting treated. According to the International Diabetes Federation, in 2017, 73 million people in India were found to have diabetes. These numbers are further estimated to reach nearly 134.4 million in 2045. California Podiatric Medical Association estimates that around 15% of the people having diabetes are likely to develop diabetic wounds. Therefore, the increasing prevalence of diabetes in the country increases the number of people with a diabetic wound that ultimately surges the demand of medical tapes and bandages for their treatment.
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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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India Medical Tapes & 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
Company Profiles
• 3M Co.
• B. Braun Melsungen AG
• Goldwin Medicare Ltd.
• JK Medirise
• Johnson & Johnson Services, Inc.
• KMS GROUP
• PerSys Medical
• Smith & Nephew PLC
• TRIAGE MEDITECH PVT. LTD.
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