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Elastic therapeutic tape Market: Drivers and Restraints-
Increase in adoption of elastic therapeutic tape for orthopaedic treatment and rising demand for versatile and easy use of therapeutic tape are emerging trends propelling elastic therapeutic tape market growth during the forecast period. Moreover, rise in geriatric population and frequent use of tape in sports and aerobics owing to increase in minor accidents in sports are some of the major factors driving the elastic therapeutic tape market growth. Furthermore, rise in awareness about physical disabilities coupled with growing healthcare infrastructure are the opportunities expected to experience elastic therapeutic tape market growth in near future. However, stringent rules and regulations regarding patient rights, lack of awareness in developing countries, limited availability of high cost raw materials, and among others are some of the factors hampering the elastic therapeutic tape market growth in near future. Additionally, complications in acquiring of patents by new market entrants may hinder the Elastic therapeutic tape market growth.
Elastic therapeutic tape Market: Overview
The global elastic therapeutic tape market is expected to experience significant growth during the forecast period. After 2008 Olympics, Kinesio USA, donated 50,000 rolls of the elastic therapeutic tape to 58 participating countries which created popularity of elastic therapeutic tape market. Major production of tape is done by companies like SpiderTech, KT TAPE, RockTape, Kinesio Taping, and Strength Tape which occupied major market share of the total revenue generated. Additionally, they are also focusing on providing these tapes at a very cost effective price which will further provide better opportunities for market elastic therapeutic tape growth during the course of period.
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Elastic therapeutic tape Market: Region-wise Outlook
Geographically, the elastic therapeutic tape market is segmented on the bases of North America, Europe, Latin America, South Asia, East Asia, Oceania, Middle East and Africa. North America is dominating the market owing to increased availability of raw materials, availability of trained man power and major manufacturing company Kinesio located in USA region. Europe is considered as second largest contributing region of the market due to increase in healthcare awareness, and among others .Asia Pacific is fastest growing regions due to rise in geriatric population, increase in adoption of different sports, government support and among others.
Elastic therapeutic tape Market: Key Market Participants
Spider tech, KT Tape, Rock Tape, Nitto Denko, kinesio tapping, Tera medical, DL medical and health, Kindmax, and Mueller.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology Matrix
- Value Chain
Regional analysis of the Elastic therapeutic tape market report includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
The global Elastic therapeutic tape market is segmented on the bases of product type, application and distribution channel.
On the basis of product type, Elastic therapeutic tape Market can be segmented as:
- Roll form
- Single roll form
- Precut strips
- Uncut rolls
- Serrated
On the basis of application type, Elastic therapeutic tape Market can be segmented as:
- Rehabilitation
- Alignment
- Pain management
On the basis of distribution channel type, Elastic therapeutic tape Market can be segmented as:
- Pharmacy
- Online shop
- Mall
- Supermarkets
- Hospitals
- Specialty clinics
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Elastic therapeutic tape Market Report Highlights:
- Overview of Global Healthcare Market
- Evolution of the technology
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.