|Market Size in 2021
|Market Forecast in 2028
|CAGR (in %)
|USD 8,724.1 Million
|USD 11,825.3 Million
Medical Adhesive Tapes Market
The global medical adhesive tapes market size 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.
The pressure-sensitive medical adhesive tapes adhere and are appropriately positioned when applied with significant pressure. Medical adhesive tape is important and regarded as a useful instrument in the industry. The most crucial item in a first aid kit is medical adhesive tape because it is a practical item. Medical adhesive tape, commonly referred to as surgical tapes, is frequently used in wound dressing, surgery, ostomy seal, and transdermal patches. Numerous variables, including an increase in surgical operations worldwide, an increase in the prevalence of chronic diseases, and expanding applications in wound care & wound closure, are driving the demand for these tapes. Furthermore, it is projected that the market will expand with the introduction of tape technology developments. Medical tapes are being used more frequently in wearable devices such as ostomy bags, electrode fixtures, and splint attachments as well as in patient monitoring, wound care, and supportive wound closure. However, the availability of cutting-edge wound care products, the emergence of Medial Adhesive Related Skin Injuries (MARSI), and a lack of adequate instructions for the selection and application of medical tapes in numerous geographies are factors that may limit the global medical tapes market's ability to grow in terms of revenue.
With the COVID-19 outbreak, there have been numerous disruptions along the value chain of medical adhesive tapes. The absence of suppliers as a result of numerous industries' shutdowns, particularly raw material producers, has caused the most significant disruption in the value chain. Road limitations that were implemented internationally and regionally to stop the pandemic's spread made this situation worse. As a result, for a limited period, the cost of a variety of raw materials—including PVC and paper—rose by 10% to 50%. In addition to those already mentioned, the COVID-19 outbreak severely impacted the healthcare sector. The global healthcare system was put to the test by this pandemic. Healthcare facilities were in insufficient supply in many nations. As a result, since the epidemic, demand for medical adhesive tapes has significantly increased.
The market for medical adhesive tapes will expand at a rapid rate due to the growing populations of elderly people and people in emerging economies. The need for medical services increases along with the global population, which also increases the demand for medical tools and software. Medical adhesive tapes and related products have consequently grown in popularity. As medical technology and quality have advanced over time, the average life expectancy has increased. As a result, the number of elderly persons worldwide has increased. With the growth in medical procedures and treatments for these people, the demand for global medical adhesive tapes market has skyrocketed.
Manufacturers of medical adhesive tape must take into account prices and the availability of raw materials to determine the cost structure of their goods. Medical adhesive tapes are made from basic materials such as rubber, acrylic, silicone, paper, adhesives, and release liners. The majority of these raw materials are derivatives of petroleum that are susceptible to changes in commodity prices. Because of the rising worldwide demand for oil and the upheaval in the Middle East, oil prices have been extremely unpredictable. The cost and availability of feedstock are unknown, and these factors affect the market expansion.
Players in the global medical adhesive tapes market may anticipate finding considerable potential prospects in emerging economies like China, India, Brazil, and Mexico. This is mostly due to the developed healthcare systems in these developing nations. The main reason why patients move to these nations for elective surgery is the availability of high-quality surgical treatments at lower prices. Other significant factors that are anticipated to provide market participants with growth opportunities include the rising demand for cosmetic procedures and the evolving healthcare infrastructure in emerging nations. Manufacturers are deliberately concentrating on growing their presence in China, India, Brazil, and Mexico to take advantage of the strong growth potential for medical adhesive tapes in the rising countries.
Regulatory agencies like the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency pose challenges to the chemical industry in Europe and North America (EPA). Manufacturers in these areas must abide by rules governing the creation and application of adhesive tapes for a variety of purposes to lower VOC emissions. Contrary to water-based adhesive tapes, solvent-based adhesive tapes offer durability and can withstand a wide range of temperatures, making them suitable for a wide range of applications. As a result of these regulations, manufacturers are required to change their technologies from solvent-based to water-based.
By backing material, the market is divided into paper, fabric, plastic, and others. During the forecast period, it is expected that the paper segment will keep a commanding share. The low cost of paper tapes compared to other types of material tapes and improved patient compliance are factors cited for this segment's dominance globally. For instance, wounds repaired with sticky paper tapes produced less inflammation and lower rates of wound infection, offering stronger tensile strength as well as superior cosmetic results than wounds treated with sutures or staples. This research was reported in NCBI. In addition, medical paper tapes are affordable and useful for a variety of wound care procedures, including the closure of abdominal wounds.
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.
By application, the market is divided into surgery, wound dressing, splints, secure IV lines, ostomy seals, and others. The applications segment with the highest share was wound care. The demand for medical tapes is supported by the expanding uses of medical tapes in wound care, such as securing bandages and dressings, as well as the growing emphasis of medical tape manufacturers on producing tapes for various stages of a wound dressing. It is projected that this, along with the rising prevalence of acute and chronic wounds among the patient population, will promote the expansion of the wound care segment.
|Medical Adhesive Tapes Market Size Report
|Market Size in 2021
|USD 8,724.1 Million
|Market Forecast in 2028
|USD 11,825.3 Million
|CAGR of 5.2%
|Number of Pages
|Value (USD Billion), and Volume (Units)
|Key Companies Covered
|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
|By Resin Type, By Backing Material, By Application, and By Region
|2012 to 2017
|2021 - 2028
|Avail customized purchase options to meet your exact research needs. Request For Customization
In terms of both revenue and market share, North America dominated the global medical adhesive tapes market in 2021, and this trend is expected to continue. This is because modern technology has been introduced in this area. The dominance is linked to a rise in hospital admissions and an increase in the use of elective operations by the local population. The market's growth rate in this area will also be aided by the increasing number of procedures. The need for medical supplies is predicted to increase as a result of the increasing number of hospital admissions, which is further anticipated to boost market expansion. The need for medical supplies is likely to increase due to the growing patient population and increased hospital admissions, which is expected to fuel market expansion in the area. Moreover, despite an ongoing economic recession, the region will continue to have a substantial market share.
By Resin Type
By Backing Material
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.
According to the report, the global medical adhesive tapes market was worth about 8,724.1 (USD million) in 2021 and is predicted to grow to around 11,825.3 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.2%.
In terms of both revenue and market share, North America dominates the market for medical adhesive tapes in 2021, and this trend is expected to continue. This is because modern technology has been introduced in this area. The dominance is linked to a rise in hospital admissions and an increase in the use of elective operations by the local population.
Some of the main competitors dominating 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