Market Overview:
The global medical marker bands market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical devices and implants, rising geriatric population, and technological advancements in the field of medical devices. Based on type, the global medical marker bands market is segmented into polymer, platinum iridium, tantalum, and others. Polymer-based markers are expected to dominate the market during the forecast period owing to their properties such as biocompatibility and non-toxicity. Based on application, hospital accounted for majority of the share in 2017 followed by medical device distributor and others segments respectively.
Product Definition:
A medical marker band is a type of identification bracelet that is typically worn by hospital patients. The bands are made of durable materials and usually have the patient's name, date of birth, and other important information printed on them. They can also be used to identify patients who are in critical condition or who have a serious illness.
Polymer:
Polymer is a long-chain molecule, which can be either synthetic or natural. The most commonly used polymers are Polyethylene (PE), Polypropylene (PP), and Polystyrene (PS). These are extensively used in the manufacturing of medical marker bands due to their superior properties such as high tensile strength, flexibility at low temperatures, resistance to solvents & chemicals and better optical clarity.
Platinum Iridium:
Platinum iridium is a rare earth metal with an atomic number of 78. It has the highest boiling point of any metal and forms solid at room temperature. Platinum-iridium alloys are used as catalysts in chemical reactions, as they have a high surface area and pore size. The material is also used in radiation therapy for cancer treatment because it can be tailor-made to deliver the right amount of heat to the tissues according to its application requirements.
Application Insights:
The hospital segment dominated the global medical marker bands market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing healthcare spending, growing geriatric population, technological advancements in medical devices & equipment and favorable government policies.
Medical device distributor is estimated to be the fastest-growing application segment during the forecast period owing to rising product demand for various applications including ICP/MROs, lab testing equipment and others. The growth of this application can be attributed to factors such as stringent regulations regarding safety standards for manufacturing medical devices that are imposed by regulatory authorities on a regular basis which forces manufacturers of these devices/equipment adopt high quality standards while producing markers used in these applications.
Other segments include blood banks & laboratories where they use products like anticoagulants & coagulants used during blood collection from donors or patients respectively along with other procedures involving body fluids e.g.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable reimbursement policies, and high adoption rate for advanced diagnostic technologies are some of the factors responsible for its large share. In addition, increasing prevalence of cancer is also expected to drive regional growth over the forecast period. For instance, according to statistics published by American Cancer Society in 2018’s Breast Cancer Awareness Month (BCAM), around 1 in 6 women will be diagnosed with invasive breast cancer over their lifetime and about 40% of those cancers will occur among those who are under 50 years old at the time of diagnosis.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising healthcare expenditure coupled with growing patient awareness regarding early diagnosis.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for medical marker bands is expected to grow at a CAGR of 5.5% during the forecast period. One of the key growth drivers for this market is the increasing demand for minimally invasive surgeries, which require smaller incisions and result in less tissue damage. This has led to an increase in the use of medical marker bands, as they help surgeons identify and avoid critical structures while performing surgery.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes is on the rise, leading to an increase in the number of surgical procedures being performed each year. This is expected to drive the demand for medical marker bands during the forecast period.
- Technological advancements: Medical marker bands are witnessing rapid technological advancements with newer products being launched into the market on a regular basis. These advancements are helping manufacturers offer products that are more user-friendly and have better performance characteristics than their predecessors do; this is likely to boost adoption rates over time and fuel market growth accordingly.. 4) Growing awareness about benefits offered by medical markers: There has been a growing awareness among healthcare professionals aboutthe benefits offered bymedical markers such as improved accuracyand reduced surgical time .Thisisexpectedtoboostdemandfortheseproductsinthe coming years . 5) Rising numberofemerging marketswith inadequate healthcare infrastructure : A large numberof emerging markets have inadequate healthcare infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Marker Bands Market Research Report
By Type
Polymer, Platinum Iridium, Tantalum, Others
By Application
Hospital, Medical Device Distributor, Others
By Companies
American Elements, Putnam Plastics, MSI, Biomerics, Radiopaque Solutions, Inc, Stanford Advanced Materials, Edgetech Industries LLC, Endeavour Business Media，LLC, Precipart, Prince Izant, American Elements
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Medical Marker Bands Market Report Segments:
The global Medical Marker Bands market is segmented on the basis of:
Types
Polymer, Platinum Iridium, Tantalum, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Medical Device Distributor, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Elements
- Putnam Plastics
- MSI
- Biomerics
- Radiopaque Solutions, Inc
- Stanford Advanced Materials
- Edgetech Industries LLC
- Endeavour Business Media，LLC
- Precipart
- Prince Izant
- American Elements
Highlights of The Medical Marker Bands Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer
- Platinum Iridium
- Tantalum
- Others
- By Application:
- Hospital
- Medical Device Distributor
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Marker Bands Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical marker bands are a type of bandage that is used to identify medical conditions or injuries. They are made from a variety of materials, including cloth, paper, and plastic. Medical marker bands can be either adhesive or non-adhesive.
Some of the major players in the medical marker bands market are American Elements, Putnam Plastics, MSI, Biomerics, Radiopaque Solutions, Inc, Stanford Advanced Materials, Edgetech Industries LLC, Endeavour Business Media，LLC, Precipart, Prince Izant, American Elements.
The medical marker bands market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Marker Bands Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Marker Bands Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Marker Bands Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Marker Bands Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Marker Bands Market Size & Forecast, 2018-2028
4.5.1 Medical Marker Bands Market Size and Y-o-Y Growth
4.5.2 Medical Marker Bands Market Absolute $ Opportunity
Chapter 5 Global Medical Marker Bands Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Marker Bands Market Size Forecast by Type
5.2.1 Polymer
5.2.2 Platinum Iridium
5.2.3 Tantalum
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Marker Bands Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Marker Bands Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Medical Device Distributor
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Marker Bands Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Marker Bands Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Marker Bands Analysis and Forecast
9.1 Introduction
9.2 North America Medical Marker Bands Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Marker Bands Market Size Forecast by Type
9.6.1 Polymer
9.6.2 Platinum Iridium
9.6.3 Tantalum
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Marker Bands Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Medical Device Distributor
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Marker Bands Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Marker Bands Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Marker Bands Market Size Forecast by Type
10.6.1 Polymer
10.6.2 Platinum Iridium
10.6.3 Tantalum
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Marker Bands Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Medical Device Distributor
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Marker Bands Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Marker Bands Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Marker Bands Market Size Forecast by Type
11.6.1 Polymer
11.6.2 Platinum Iridium
11.6.3 Tantalum
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Marker Bands Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Medical Device Distributor
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Marker Bands Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Marker Bands Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Marker Bands Market Size Forecast by Type
12.6.1 Polymer
12.6.2 Platinum Iridium
12.6.3 Tantalum
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Marker Bands Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Medical Device Distributor
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Marker Bands Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Marker Bands Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Marker Bands Market Size Forecast by Type
13.6.1 Polymer
13.6.2 Platinum Iridium
13.6.3 Tantalum
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Marker Bands Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Medical Device Distributor
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Marker Bands Market: Competitive Dashboard
14.2 Global Medical Marker Bands Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 Putnam Plastics
14.3.3 MSI
14.3.4 Biomerics
14.3.5 Radiopaque Solutions, Inc
14.3.6 Stanford Advanced Materials
14.3.7 Edgetech Industries LLC
14.3.8 Endeavour Business Media，LLC
14.3.9 Precipart
14.3.10 Prince Izant
14.3.11 American Elements
