Get In Touch

Global Orthopedic Tapes Market: Overview

Integration of modern manufacturing technologies is propelling steady growth in the global orthopedic tapes market. Products in the global orthopedic tapes market are made by using fine, stretchable, and breathable materials, most commonly cotton or cotton blends. They are specifically designed to provide right amount of support by adding pressure to restore strength in particular tissues and/ or muscles. Products in the global orthopedic tapes market are usually used post an orthopedic surgery for corrective measures. They adhere to the patient’s skin by using a medical grade sweat and water proof adhesive materials. Some specialty products in the global orthopedic tapes market are also manufactured using hypoallergenic and latex-free material variants for people sensitive to latex. Many products in the global orthopedic tapes market display immediate results right within the first 24 hours of applying the product.

Products in the global orthopedic tapes market are used for their various benefits that include reduction of pain by gently applying pressure on the painful area, increasing blood circulation, decreasing inflammation, improving patient’s posture to correct it, providing adequate muscle support, and support the endogenous analgesic system. Products in the global orthopedic tapes market are also used by athletes and sportspeople to improve their athletic performance by supporting unstable joints and offering slight pressure to specific muscle groups in the human body. Products in the global orthopedic tapes market witness high demand owing to their positive physiological impacts on circulatory and lymphatic systems, ligaments, joints, muscles, and tendons.

Global Orthopedic Tapes Market: Introduction

Orthopedics is a branch of medicine that deals with correction and prevention of bone deformities, skeletal injuries, and disorders. Orthopedic tapes are adhesives used for the treatment of pain and disabilities caused due to athletic injuries and a range of other physical disorders. Research studies conducted suggest that orthopedic tapes are employed in relieving pain in patients with chronic musculoskeletal pain.

An orthopedic tape is an elastic tape with the ability to stretch to over 120% of its original length. On application, the tape recoils back to its original length, creating a pull force on the skin. Orthopedic tapes serve a variety of purposes including facilitation of the joint motion and alignment of the weak muscles.

Global Orthopedic Tapes Market: Competitive Landscape

Darco International

Darco International, established in 1985, is one of the leading providers of post-operative, trauma, and wound care solutions for the global foot & ankle community. Orthopedic tape products offered by the company include MECRON elastic tape, which is an elastic sport and therapy tape used by physicians and athletic trainers across the globe.  

Need an Overview of the Report on Orthopedic Tapes Market? Ask for the Brochure here

Onesky Holdings Ltd

Onesky Holdings Ltd, a subsidiary of Biomedic (Hong Kong) Medical Technology Co. Ltd., is engaged in the manufacture and supply of advanced medical products. The company’s manufacturing unit is focused on the development of thermoplastic splints and immobilation and fixation systems. 

Allard International

Allard Company Group is engaged in the development, manufacture, and supply of a wide range of products for orthopedics, including body dynamic orthoses, wrist and thumb products, foot and ankle products, knee orthoses, hip orthoses, and thermoplastic materials. The company offers orthopedic tapes through the X-Lite product group, which comes under its thermoplastic materials category.

Global Orthopedic Tapes Market: Dynamics

Rising incidence of sports injuries

According to a study conducted by the American Academy of Orthopedic Surgeons (AAOS), over 20% of sports injuries are related to lower extremities. According to the WHO, nearly nine million children aged between one year and 19 years are admitted in emergency departments owing to sports injuries. Thus, increase in the incidence of sports injuries drives the global orthopedic tapes market.

Significant increase in obesity among global population

Lifestyle changes in addition to changing eating habits are major contributors to obesity among global population. Changing eating habits lead to cholesterol and fat accumulation, contributing to increase in the body weight. This creates a significant pressure on the joints, leading to joint disorders and damage. According to the WHO, in 2015, over two billion adults were overweight, while more than 40 million children aged below five years were obese or overweight.

Stuck in a Neck-to-Neck Competition with Other Brands? Request a Custom Report on “Orthopedic Tapes Market” here

Reimbursement issues in developed regions

The reimbursement scenario in North America varies considerably in terms of pricing, co-payments, and settlements. Complexities arising due to this variation create complications for third-party payers such as private insurance companies and social security systems. They play a key role between the user and the healthcare organization. Reimbursement of health care expenses in any region depends on compliance with a complex set of rules and regulations. Thus, unfavorable reimbursement scenario and lack of insurance coverage are expected to hamper the braces, support, casting and splinting market in North America during the forecast period.

Global Orthopedic Tapes Market: Segmentation

The global orthopedic tapes market can be segmented based on:

  • Product Type
  • Material Type
  • Application
  • End-user

Based on product type, the global orthopedic tapes market can be segmented into:

  • Cellona Plaster of Paris
  • Orficast
  • Delta- Lite Plus
  • Cellacast Xrta Cast Tapes
  • Techform Premium
  • Others

Based on material type, the global orthopedic tapes market can be divided into:

  • Elastic
  • Fabric
  • Plastic
  • Others

Based on application, the global orthopedic tapes market can be classified into:

  • Traumatic Wound Treatment
  • Surgical Wound Treatment
  • Burn Injury
  • Sports Injury
  • Others

Based on end-user, the global orthopedic tapes market can be segregated into:

  • Hospitals
  • Home Care
  • Ambulatory Surgical Centers
  • Health Care Centers
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Orthopedic Tapes Market