Consistent performance of the healthcare sector has helped maintain a steady demand for medical and surgical adherent tapes.
Los Angeles, CA (PRWEB) March 06, 2014
Medical and surgical adherent tapes have a buyer power score of 4.1 out of 5. This score reflects favorable negotiating strength for buyers. The healthcare sector has shown consistent growth over the past three years as federal funding efforts and new medical advancements continue to drive up demand for treatment of ailments and diseases. “Rising healthcare expenditure levels, a greater number of physician visits and an expanding 65-and-older demographic have all helped to maintain steady demand for medical and surgical adherent tapes over the past three years, and are expected to push prices slightly higher for buyers through 2016,” says IBISWorld business research analyst Andrew Rebhan. Despite increases in pricing, buyers have faced little risk of price fluctuations because overall driver and price volatility have been low over the past three years.
Buyers currently benefit from a low level of market share concentration, but this trend is declining as more suppliers seek to acquire smaller companies to bolster their operational capacities. “Many manufacturers of medical and surgical adherent tapes have their own distribution centers, which puts pressure on third party wholesalers to reduce their profit margins,” says Rebhan. A less fragmented market could reduce the likelihood of price-based competition, which until now has been a benefit for buyers as competitors have kept their prices closely in line with what other vendors are charging, The expected reduction in market players is expected to contribute to the forecast price increase in medical tapes. Along the supply chain, buyers will face a moderate level of risk as upstream suppliers face high revenue volatility and competition from imports.
The purchasing process is favorable for buyers. Medical and surgical adherent tapes come in a variety of forms, each with unique applications. Despite the complexity of options, these products are not highly specialized, offer low total cost of ownership and can be replaced with a fair number of substitute products. Buyers have a variety of suppliers and distribution channels to consider, and will face short lead times when looking to acquire their medical and surgical adherent tapes. Major vendors include 3M Company, Convidien PLC, Johnson & Johnson and Medline Industries. For more information, visit IBISWorld’s Medical & Surgical Adherent Tapes procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of medical and surgical adherent tapes. Medical tapes are used for various reasons, such as securing dressings, protecting incisions or attaching medical devices, like catheters, to patients. Medical tapes often consist of a strip of fabric material or plastic and have various levels of adhesive backings, depending on the tape’s purpose. Some common tape types include paper tape, cloth tape, porous tape and foam tape, all of which have specific applications. Suppliers of medical and surgical adherent tapes include manufacturers, wholesalers and retailers.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Vendor Financial Benchmarks
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.