01-Aug-2022 | Zion Market Research
The global medical adhesive tapes market was worth around USD 8,724.1 million in 2021 and is estimated to grow to about USD 11,825.3 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.2% over the forecast period. The report analyzes the medical adhesive tapes market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the medical adhesive tapes market.
Medical tapes, often known as surgical tapes, are a type of pressure-sensitive tape used in wound treatment techniques to transport and hold bandages & dressings on wounds. These tapes allow air to travel through them, preventing any damage to the skin. Increased innovation, concern for patient safety among clinicians, rising prevalence of healthcare associated infections (HAIs), product line extensions from manufacturers, and creation of single patient use tapes are few of the factors driving the growth of the medical adhesive tapes market.
With an increase in accidents and mishaps, there is a rising demand for medical adhesive tapes, which is propelling the market for these tapes. Similar to this, demand for medical adhesive tapes rises as more procedures and wound dressings are performed globally. As a result, medical adhesive tapes were introduced to the market in response to this rising need. Surgery, which involves cutting and amputation, is a major factor in the development of wounds. Most situations require pre- or post-surgery infusions and catheter placement in patients. The need for medical adhesive tapes is expected to increase as more operations are performed around the world and as they are used to secure wound dressings, infusion lines, and treat wounds. With the rising international demand and unrest in the region, oil prices are extremely volatile. The market's expansion is impacted by the ambiguity, volatility, and availability of feedstock.
The global medical adhesive tapes market is segregated based on resin type, backing material, application, and region. Based on resin type, the market is divided into acrylic, silicone, rubber, and others. The majority of the global market for medical adhesive tapes is made up of products with acrylic as their foundation in 2021. Based on backing material, the market is divided into paper, fabric, plastic, and others. Medical adhesive tapes with paper backing dominated the market in 2021. Based on application, the market is divided into surgery, wound dressing, splints, secure iv lines, ostomy seals, and others. In 2021, the fastest-growing use for medical adhesive tapes was wound treatment.
In terms of both revenue and market share, North America dominates the global medical adhesive tapes market in 2021, and this trend is expected to continue. With the wide range of applications for healthcare adhesive tapes in surgical procedures and the importance of patient safety and care, North America is expected to experience a phenomenal increase in this industry. People in North America are more conscious of their cleanliness, personal care, and health. Healthcare adhesive tapes are in high demand because of the patient’s safety, comfort, and well-being during procedures, wound care, and diagnosis care. Additionally, the growing popularity of silicone pressure-sensitive adhesive tapes will increase North American demand for these tapes. Healthcare adhesive tapes have seen significant expansion in the Asia Pacific region. With a rise in the healthcare and hygiene industries, China and India are two quickly developing nations with a profitable market for healthcare adhesive tapes. An increase in the number of different ailments is brought on by shifting dietary choices and escalating health issues brought on by fast-paced lifestyles. The consumption of fast food, packaged foods, and an unsanitary lifestyle also led to health problems, which raised the need for medical diagnostics and treatment. As a result, the Asia Pacific region has a big requirement for healthcare adhesive tapes.
Key players functioning in the global medical adhesive tapes market include Medtronic PLC, 3M Company, Avery Dennison Corporation, Medline Industries, Smith & Nephew plc, Johnson & Johnson, Paul Hartmann AG, Nichiban, Nitto Denko Corporation, and Scapa Group PLC.
Browse the full “Medical Adhesive Tapes Market By Resin Type (Acrylic, Silicone, Rubber, and Others), By Backing Material (Paper, Fabric, Plastic, and Others), By Application (Surgery, Wound Dressing, Splints, Secure IV lines, Ostomy Seals, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/medical-adhesive-tapes-market
Global medical adhesive tapes market is segmented as follows:
By Resin Type
By Backing Material
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