Umbilical Tapes Market
Number of pages: 100 | Report Format: PDF | Published date: June 08, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
|
Report Attribute |
Details |
|
CAGR |
4.1% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Component, Application, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global umbilical tapes market is expected to register a revenue CAGR of 4.1% from 2023 to 2031.
Umbilical Tapes Market Fundamentals
Umbilical tapes are specialized medical devices used in the field of obstetrics and gynecology. These tapes are typically made of soft and flexible material, such as cotton or nylon, and are specifically designed to be used during the process of tying off the umbilical cord after childbirth. When a baby is born, the umbilical cord, which connects the fetus to the placenta, is clamped and cut. After the cutting process, the umbilical tapes are used to tie off the two ends of the cord to prevent bleeding and facilitate the healing of the umbilical stump. Umbilical tapes are typically sterile and come in various lengths and widths to accommodate different cord sizes and to provide a secure and tight knot. They are usually soft and gentle to avoid causing discomfort or irritation to the newborn baby. These tapes are essential to obstetric care and are often used in hospitals, birth centers, and other healthcare settings where childbirth occurs. They play a vital role in ensuring the safety and well-being of both the baby and the mother during the postpartum period.
Umbilical Tapes Market Dynamics
The global population continues to grow, leading to an increase in birth rates. This demographic trend fuels the demand for umbilical tapes as they are an essential component of the standard procedure for cutting and tying off the umbilical cord after childbirth. Moreover, there is a growing emphasis on improving maternal and child healthcare worldwide. Governments, healthcare organizations, and individuals increasingly invest in better healthcare facilities and services for pregnant women and newborns. Umbilical tapes play a crucial role in ensuring safe and hygienic postnatal care, driving their demand for the global umbilical tapes market. Healthcare-associated infections (HAIs) pose a significant risk to newborns. The awareness of infection control measures has increased, leading to a greater focus on maintaining a sterile environment during childbirth and postpartum care. Umbilical tapes that are sterile and designed to minimize the risk of infections are in high demand. For instance, according to the WHO’s article of May 2022, every year, more than 24% of patients with health-care-associated sepsis and 52.3% of those treated in an intensive care unit die. Advancements in medical technology have led to the development of innovative umbilical tapes. These tapes are designed to be more flexible, durable, and easy to use. They may incorporate features such as antimicrobial properties or indicators for proper positioning and tightening. Technological advancements contribute to market growth by offering improved products and enhancing user experience.
However, in certain cases, healthcare professionals may opt for alternative techniques for umbilical cord management, such as the use of umbilical cord clamps or cordless techniques. These alternatives can reduce the demand for umbilical tapes, especially in settings that are not considered standard practice. Moreover, economic factors, such as limited healthcare budgets and cost-containment efforts, can impact the adoption and utilization of umbilical tapes. In resource-constrained settings, healthcare facilities may prioritize essential medical supplies over specialized products like umbilical tapes. Additionally, the availability of alternative techniques and lack of awareness and training are some of the restraints impeding the overall market growth.
Umbilical Tapes Market Ecosystem
The global umbilical tapes market is analyzed from four perspectives: component, application, end user, and region.
Umbilical Tapes Market by Component
Based on the component, the global umbilical tapes market is segmented into cotton and polyester.
The cotton segment dominated the market with the principal revenue share in 2022. Cotton is a widely used natural fiber known for its softness, breathability, and absorbency, making it a popular choice for medical applications. Cotton fibers are gentle and soft, providing a comfortable experience for both the newborn baby and the healthcare professional handling the umbilical cord. The softness of cotton minimizes the risk of irritation or discomfort to the delicate umbilical stump. It is highly breathable, allowing air circulation around the umbilical cord area. Adequate airflow helps maintain optimal moisture levels and facilitates the healing process of the umbilical stump. It is hypoallergenic, making it suitable for individuals with sensitive skin. It is less likely to cause allergic reactions or skin irritations, providing added safety during the postpartum period. It is a natural and biodegradable material, which aligns with the growing focus on sustainable and eco-friendly products. Cotton-based umbilical tapes are biodegradable and do not contribute to environmental pollution. These aspects contribute to the growth of the cotton segment.
The polyester segment dominated the market with the principal revenue share in 2022. Polyester is a synthetic fiber known for its durability, strength, and versatility, making it a popular choice for various applications, including medical devices. Polyester is a strong and durable material that can withstand tension and stress during the tying process. Polyester-based umbilical tapes are less likely to break or tear, providing a secure and reliable closure for the umbilical cord. Polyester fibers are flexible, allowing for easy handling. The flexibility of polyester tapes ensures that they can be securely knotted without causing discomfort to the baby or difficulty for healthcare professionals. Polyester is widely available and relatively cost-effective compared to some other materials. This availability and affordability make polyester-based umbilical tapes accessible to healthcare facilities with varying budgets and resource constraints. These aspects contribute to the growth of the polyester segment.
Umbilical Tapes Market by End User
Based on the end user, the global umbilical tape market is segmented into hospitals, neonatal care centers, and nursing facilities.
The hospitals segment accounted for a prominent share of the market. Hospitals play a crucial role in providing comprehensive healthcare services, including obstetric care during childbirth and postnatal care for newborns. Umbilical tapes are extensively used in hospitals as a standard practice for tying off the umbilical cord after delivery. Hospitals follow established protocols and guidelines for umbilical cord management, which often include the use of umbilical tapes. These protocols ensure consistency and adherence to best practices across healthcare providers within the hospital setting. Hospitals typically have a team of skilled healthcare professionals, including obstetricians, midwives, and nurses, who are trained in proper umbilical cord management. These professionals are well-versed in using umbilical tapes effectively and ensuring the safety and well-being of both the mother and the newborn. Hospitals have the necessary infrastructure, equipment, and resources to support childbirth and postnatal care. This includes the availability of umbilical tapes as part of the overall supply of medical devices and consumables. These factors contribute to the growth of the hospitals segment.
The neonatal care centers segment accounted for a prominent share of the market. Neonatal care centers refer to the use and demand for umbilical tapes in specialized healthcare facilities that focus on providing care for newborn infants, particularly those who require intensive or specialized medical attention. Neonatal care centers, also known as neonatal intensive care units (NICUs) or neonatal nurseries, are equipped to handle the unique healthcare needs of premature or critically ill newborns. These centers cater to premature infants, infants with low birth weight, or those with specific health conditions; umbilical tapes are essential in their postnatal care. Neonatal care centers employ healthcare professionals specialized in neonatology who closely monitor the condition and progress of newborns. Umbilical tapes play a crucial role in facilitating regular assessment and care, including monitoring for any bleeding or signs of infection around the umbilical cord area. These factors contribute to the growth of the neonatal care centers segment.
Umbilical Tapes Market by Region
Geographically, the global umbilical tapes market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global umbilical tapes market with a revenue share of 37% in 2022, attributed to the presence of key companies, rising birth rates, and fast technology adoption. For instance, according to the Centers for Disease Control and Prevention’s statistics, in 2021, the U.S. had a Birth rate of 11 per 1,000 population. North America has a well-developed healthcare infrastructure with advanced medical facilities, including hospitals, birthing centers, and neonatal care units. This robust infrastructure contributes to the demand for umbilical tapes as a standard component of obstetric and neonatal care. Additionally, companies across the region are continuously involved in partnerships, mergers as well as acquisitions which are also expected to improve the umbilical tapes market outlook. North America is known for its technological advancements in the healthcare sector. These advancements drive innovation in umbilical tape materials, design, and features. Manufacturers in the region strive to develop products that enhance safety, ease of use, and patient comfort, leading to the availability of advanced umbilical tapes in the market.
Umbilical Tapes Market Competitive Landscape
The prominent players operating in the global umbilical tapes market are:
Umbilical tapes are specialized medical devices used in the field of obstetrics and gynecology.
The revenue CAGR of the umbilical tapes market during the forecast period will be 4.1% from 2023 to 2031.
Some key companies operating in the global umbilical tapes market are Medtronic plc, Bioseal, DeRoyal Industries Inc., Laerdal Medical, Bioseal Inc., and DeRoyal Industries Inc.
The availability of alternative techniques and lack of awareness and training restrict the global market growth to its full potential.
Increasing birth rates, technological advancements in tapes, and increasing awareness of infection control are the factors driving the market growth.
*Insights on financial performance are subject to the availability of information in the public domain
Recommended Reports