North American medical tapes & bandages market is estimated to grow at a CAGR of over 4% during the forecast period. Major economies that contribute to the market include the US and Canada. The growing incidence of pressure ulcers (PU) owing to aging populations, increased per capita healthcare expenditure and the presence of major market players are driving the market in this region. According to the World Economic Forum in 2018, North America is one of the strong economies that comprise around 28% of the world economy which is one of the factors affecting the healthcare market. As per OECD, the US spends almost 17.2% of GDP on healthcare expenditure, whereas Canada spends 10.6% of GDP on healthcare.

Canada is estimated to contribute a moderate share in the medical tapes & bandages market. Factors that are driving the market growth include the increasing healthcare expenditure and the significant prevalence of osteoporosis in the country. Osteoporosis refers to a bone disease that results in weakening of bones or even breaking from a fall, ultimately leading to the fracture of bones. Fractured body parts or bones generally requires the use of medical tapes & bandages for dressing purposes. The prevalence rate of osteoporosis has been significant in the country in recent years. International Osteoporosis Federation estimates that Osteoporosis affects around 1.4 million Canadians in 2017. Osteoporosis affects around 1 in 4 women and more than 1 in 8 men over the age of 50 years. This increasing prevalence of osteoporosis in the country is significantly driving the demand for medical tapes & bandages for dressing purposes of fractures.

The key players in the North American medical tapes & bandage market include 3M Co, AMD Medicom Inc., Andover Healthcare Inc., ASO Inc., Cardinal Health, Inc., and others. These market players have a strong product portfolio which contributes to their business growth. Major strategies adopted by these market players include merger & acquisition, product launch, and geographical expansion. These market players are significantly contributing to the global medical tapes & bandages market. 

Research Methodology

The market study of the North American medical tapes & bandages market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for hospitals, private companies, research institutes and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, growth opportunity in the market and product types. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. North American Medical tapes & bandages Market Research and Analysis by Product

2. North American Medical tapes & bandages Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American Medical tapes & bandages market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Medical tapes & bandages market.
• Insights about market determinants which are stimulating the North American Medical tapes & bandages market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.