Fact.MR – A Market Research and Competitive Intelligence Provider: The global no sting barrier market is estimated to reach a valuation of US$ 707.5 million by 2032 expanding at an impressive CAGR of 7.2% during the forecast years.
The Europe No Sting Barrier Market Is Anticipated To Reach A Valuation Of US$ 210.3 Million By 2032
“Rising clinical studies in the healthcare sector for the evaluation of product efficacy are expected to create lucrative growth opportunities for no sting barrier product suppliers,’’ says a Fact.MR analyst.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global no sting barrier market is estimated to reach a valuation of US$ 707.5 million by 2032 expanding at an impressive CAGR of 7.2% during the forecast years (2022-2032). Between 2017 and 2021, the market registered an annual growth of 6.2%.
Patients with an ostomy or those who use tapes and dressings with strong adhesives are more likely to have vulnerable skin. These strong adhesives can also cause trauma to the wounds and the skin surrounding them, which is why demand for no sting barriers is growing. Manufacturers are also aiming to innovate no sting barrier products for better and more convenient use by physicians as well as patients.
Moreover, evidence and numerous clinical trials on manufacturers’ behalf have led to gaining customer trust and driving the demand for no sting barriers. Additionally, increasing medical needs and the introduction of new advancements have also intensifies the awareness and growth of the no-sting barrier market. In addition, application of no sting barriers in infusion therapy and device securement will generate higher demand in the future.
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Key Takeaways from Market Study
- The global no sting barrier market is projected to expand at an impressive CAGR of 7.2% and be valued at US$ 707.5 million by 2032.
- Under product type, the sprays segment dominates the market with a valuation of US$ 235.7 million in 2022 and is estimated to register a CAGR of 8% during the forecast years.
- Europe dominated the market with 32.2% share at the end of 2021.
- Together, Europe and North America account for over 60% market share in 2022.
Development Strategies of Market
Key manufacturers of no sting barriers are prominently focusing on increasing product awareness, and also innovation, such as making the product’s content sting- and irritation-free.
- 3M is improvising its products by adding more functions such as waterproof & transparency for the better management of wounds, rapid drying, and improved impermeability of foreign pathogens.
Manufacturers are also aiming to bring no sting barriers in different forms such as foams and wipes to be effectively used in difficult-to-treat areas on the body.
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No Sting Barrier Industry Survey Segmentation
- No Sting Barrier Market by Product Type:
- No Sting Barrier Sprays
- No Sting Barrier Foams
- No Sting Barrier Wipes
- No Sting Barrier Cream
- No Sting Barrier Market by Buyer Category:
- Individuals
- Clinical Professionals / Clinics
- Hospitals
- No Sting Barrier Market by Use Case:
- Device Securement
- Infusion Therapy
- Skin Care
- Wound Care
- No Sting Barrier Market by Sales Channel:
- Online Sales of No Sting Barriers
- Company-owned Platforms
- e-Commerce Platforms
- Offline Sales of No Sting Barriers
- Supermarkets/Hypermarkets
- Pharmacies
- Retail Pharmacies
- Hospital Pharmacies
- Online Sales of No Sting Barriers
- No Sting Barrier Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global no sting barrier market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product type (sprays, foams, wipes, creams), buyer category (individuals, clinical professionals/clinics, hospitals), use case (device securement, infusion therapy, skin care, wound care), and sales channel (online (company-owned platforms, e-Commerce platforms), offline (supermarkets/hypermarkets, pharmacies (retail pharmacies, hospital pharmacies))), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & ASEAN, Oceania, and the Middle East & Africa).
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Expert analysis, actionable insights, and strategic recommendations of the highly seasoned healthcare team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the healthcare division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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