According to Syndicate Market Research, the global medical adhesive tapes market was valued at around USD 9.72 billion in 2023 and is expected to reach a value of USD 15.25 billion by 2030, growing at a CAGR of roughly 5.13% from 2024 to 2030. The global medical adhesive tapes market is projected to grow at a significant growth rate due to a number of driving factors.
Medical Adhesive Tapes Market: Overview
The medical adhesive tapes, which are pressure-sensitive, adhere and remain in the proper position when substantial pressure is applied. In the medical field, medical adhesive tape is crucial and regarded as a valuable tool. Medical adhesive tape is the most essential component of a first aid kit due to its practical nature. In wound dressing, surgery, ostomy closure, and transdermal patch applications, medical adhesive tape, also known as surgical tape, is frequently utilized. Demand for these tapes is being propelled by a multitude of factors, such as the rise in surgical procedures performed on a global scale, the prevalence of chronic diseases on the rise, and the expansion of their use in wound care and wound closure.
Additionally, the market is anticipated to grow in tandem with the implementation of advancements in tape technology. In addition to supporting wound closure, ostomy bags, electrode fixtures, and splint attachments, medical tapes are increasingly utilized in patient monitoring, wound care, and supportive wound closure. However, factors such as the proliferation of advanced wound care products, the incidence of Medial Adhesive Related Skin Injuries (MARSI), and insufficient guidance on the proper usage and selection of medical tapes across various regions could potentially impede the revenue growth of the worldwide medical tapes market.
Key Highlights
Global Medical Adhesive Tapes Market 2024 Size by Region
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Medical Adhesive Tapes Market Dynamics:
Growth Drivers
The expanding geriatric and emerging economy populations will drive the medical adhesive tape market. Healthcare needs rise with the worldwide population, driving demand for medical tools and software. Medical adhesive tapes and similar items have become popular.
Average life expectancy has increased as medical technology and quality have improved. Thus, the global elderly population has grown. Due to increased medical procedures and treatments for these persons, medical adhesive tape prices have soared.
Restraints
Medical adhesive tape manufacturers must consider costs and raw material availability while setting prices. Materials for medical adhesive tapes include rubber, acrylic, silicone, paper, adhesives, and release liners. Most of these raw ingredients are petroleum derivatives that fluctuate with commodity prices. Oil prices are volatile due to increased global demand and Middle East unrest. Unknown feedstock costs and availability affect market growth.
Opportunities
Medical adhesive tape manufacturers may discover promising opportunities in growing markets like China, India, Brazil, and Mexico. This is primarily owing to sophisticated healthcare systems in developing nations. Patients move to these countries for elective surgery because they offer high-quality care at reduced prices. The rising demand for cosmetic operations and developing healthcare infrastructure in emerging nations are also expected to boost market expansion. To capitalize on medical adhesive tape expansion in China, India, Brazil, and Mexico, manufacturers are expanding in those nations.
Challenges
The European and North American chemical industry faces regulatory agencies like COSHH, the EU, REACH, GHS, and the EPA. To reduce VOC emissions, manufacturers in these locations must follow adhesive tape fabrication and application standards. Solvent-based adhesive tapes are durable and temperature-resistant, making them suited for many applications. Manufacturers must switch from solvent-based to water-based technology due to these regulations.
Medical Adhesive Tapes Market: Segmentation Analysis
The global medical adhesive tapes market is segregated based on resin type, backing material, and application.
Based on backing material, the market is divided into fabric, paper, plastic, and others. The paper segment is anticipated to maintain its dominant market share throughout the forecast period. Paper tapes' global dominance is attributed to two key factors: their comparatively lower cost than other material tapes and their ability to enhance patient compliance.
Based on application, the market is separated into ostomy seals, secure IV lines, splints, surgery, wound dressing, and others. The largest application sector was wound care. Demand for medical tapes is driven by their increased application in wound care, such as securing bandages and dressings, and manufacturers' focus on manufacturing tapes for different wound dressing stages. Along with the increased occurrence of acute and chronic wounds in patients, this is expected to boost wound care growth.
Recent Developments
| Report Attributes | Report Details |
|---|---|
| Report Name | Medical Adhesive Tapes Market |
| Market Size in 2023 | USD 9.72 billion |
| Market Forecast in 2030 | USD 15.25 billion |
| Growth Rate | CAGR of 5.13% |
| Number of Pages | 130 |
| Key Companies Covered | 3M Company, Avery Dennison Corporation, Johnson & Johnson, Medline Industries, Medtronic PLC, Nichiban, Nitto Denko Corporation, Paul Hartmann AG, Scapa Group PLC, Smith & Nephew plc, and others. |
| Segments Covered | By Resin Type, By Backing Material, By Application |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2030 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Medical Adhesive Tapes Market: Regional Analysis
North America holds a 46.2% market share in medical adhesive tapes in 2023, which is the region's revenue and market share, respectively. This trend is anticipated to persist. This is due to the implementation of modern technology in this field. An increase in hospital admissions and the utilization of elective procedures by the local populace are associated with the dominance. An additional factor contributing to the market's expansion in this sector is the rising volume of procedures.
The rising number of hospital admissions is anticipated to increase the demand for medical supplies, which is expected to stimulate market growth. The rising patient population and increased hospital admissions are anticipated to stimulate market expansion in the medical supply industry, thereby augmenting the demand for such products.
Medical Adhesive Tapes Market: Competitive Landscape
Some of the main competitors dominating the global medical adhesive tapes market include;
The global medical adhesive tapes market is segmented as follows:
By Resin Type
By Backing Material
By Application
By Region
Frequently Asked Questions:
What are the key factors driving global medical adhesive tapes market growth?
The market for medical adhesive tapes is experiencing growth due to the escalating demand caused by an increase in accidents and incidents.
What will be the CAGR of the global medical adhesive tapes market?
The global medical adhesive tapes market is growing at a CAGR of around 5.13% during the forecast period (2024-2030).
What will be the value of the medical adhesive tapes market during 2024- 2030?
According to Syndicate Market Research, the global medical adhesive tapes market size was estimated at approximately $ 9.72 billion in 2023 and is expected to generate revenue of around $ 15.25 billion by 2030.
Which region will drive global medical adhesive tapes market revenue?
North America will dominate the global medical adhesive tapes market.
Who are the key players operating in the global medical adhesive tapes market growth?
These players adopted different strategies so as to hold major market share in this market. Some of the major players in Medical Adhesive Tapes industry includes.
Based on the Medical Adhesive Tapes market analysis, North America is predicted to held the highest share in the Medical Adhesive Tapes market during the forecast period.
The statistical data of the top market players of Medical Adhesive Tapes industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Medical Adhesive Tapes industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the Medical Adhesive Tapes by segmenting the market based on Product Type, Application/End-User, and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
The sample for Medical Adhesive Tapes market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.
List of Figures
List of Tables
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
The participants who typically take part in such a process include, but are not limited to:
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.
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