Pune, India- Medical Adhesive Tapes Market size was valued at USD 8.9 Billion in 2021 and is projected to reach USD 14.2 Billion by 2030, growing at a CAGR of 5.40% from 2022 to 2030 according to Verified Market Research.
The main drivers of market growth are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. The Global Medical Adhesive Tapes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Medical tapes or surgical tapes are a kind of pressure-sensitive tapes that are utilized in wound management technologies to carry and secure dressings and bandages on wounds. These tapes enable air to pass under them and therefore do not cause any injury to the skin. Rising incidence of attention noninheritable Infections (HAIs), line of product extensions from makers, increasing innovation, concern concerning patient safety among clinicians, and development of single patient use tapes. Moreover, increasing awareness relating to the employment of medical tapes for securement among physicians and patients and also the rising incidence of wounds, burns, and injuries are expected to spice up the revenue growth of the worldwide medical tapes market in the close to future.
The shortage of correct tips for the choice and use of medical tapes in numerous geographies are factors that probably restrain the revenue growth of the worldwide medical tapes market. The Medical Adhesive Tapes Market-supported organic compound kind has been metameric into acrylic, silicone, and rubber medical adhesive tapes. The polymer medical adhesive tapes section is anticipated to be one of the key contributors to the market attributed to the increasing demand for polymer medical adhesive tapes within the stick-to-skin devices within the medical sector.
Since the Covid-19 pandemic, the Medical Adhesive Tapes Market is showing tremendous growth. although the pandemic has affected the Medical Adhesive Tapes Market in terms of supplying and distribution, medical adhesive tapes are one of the foremost sought-after medical applications and are anticipated to grow significantly over successive few years. The Medical Adhesive Tapes Market is calculable to grow with a pointy increase in growth by the tip of the year 2021. aside from those mentioned on top of, the natural event of COVID-19 considerably discontinuous the attention trade. This pandemic had attention on infrastructure to take look at across the world. Several countries underwent shortages in attention facilities. This led to a significant increase in demand for medical adhesive tapes since the covid.
Moreover, increasing awareness relating to the employment of medical tapes for securement among physicians and patients and rising incidence of wounds, burns, and injuries are anticipated to spice up the revenue growth of the worldwide medical tapes market within the close to future. Prices and also the accessibility of raw materials are the key factors that require to be thought about by medical tape makers to make a decision on the value structure of their products. Rubber, acrylic, silicone, paper, adhesives and unharness liners are the raw materials accustomed to the manufacture of medical adhesive tapes. Most of those raw materials are petroleum-based derivatives that are liable to fluctuations in artifact costs. Oil costs are extremely volatile due to the increasing international demand and unrest within the geographical region. The uncertainty and fluctuations within the price and accessibility of feedstock impact the market’s growth.
However, accessibility of advanced wound care merchandise, development of Medial Adhesive connected Skin Injuries (MARSI), and lack of correct tips for choice and use of medical tapes in numerous geographies are factors that probably restrain revenue growth of the worldwide medical tapes market. The increasing variety of cosmetic surgeries and developing attention infrastructure in rising countries are the opposite major factors expected to supply growth opportunities to the market players. To leverage the high growth opportunities for medical adhesive tapes within the rising markets, makers are strategical that specialize in increasing their presence in China, India, Brazil, and Mexico.
Based on Resin Type, the market is segmented into Acrylic, Silicone, Rubber, and Others. The acrylic-based medical adhesive tapes segment accounts for a major proportion of the overall global Medical Adhesive Tapes Market due to its ease of use, low cost, and wide acceptability in applications such as surgery, wound dressing, and splints.
Based on Regional Analysis, the Global Medical Adhesive Tapes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is estimated to be the fastest-growing emerging market in the global medical tapes market. Currently, silk cloth tapes are a major revenue contributor in most regions.
The “Global Medical Adhesive Tapes Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M company (US), Medtronic PLC (US), Medline Industries (US), Avery Dennison Corporation (US), Johnson & Johnson (US), Smith & Nephew plc (United Kingdom), Nichiban (Japan), Paul Hartmann AG (Germany), Nitto Denko Corporation (Japan) and Scapa Group PLC (United Kingdom).