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Global Medical Adhesive Tapes Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report - Segmented By Type, Backing Material, Application and Region (North America, Europe, APAC, Latin America, Middle East & Africa)- Industry Forecast (2023 to 2028)

Published: March, 2023
ID: 8074
Pages: 175
Formats: report pdf report excel report power bi report ppt

Medical Adhesive Tapes Market Size (2023 to 2028)

Around the world, medical adhesive tapes are in pressing demand due to advancements in medical technology. As per our report, the global medical adhesive tapes market size is estimated to be worth USD 10.35 billion by 2028 from USD 7.84 billion in 2023, growing at a CAGR of 5.72% during the forecast period.

Medical adhesive tapes, such as pressure-sensitive adhesive tape with a porous polymer covering, seal parts in medical equipment, diagnostic devices, and other medical devices. In the medical profession, medical adhesive tapes are widely utilized. Dressings, catheters, and infusion or drainage devices are secured with them. It's available in several lengths and widths to suit various bandaging requirements. Medical adhesive tapes are employed in large and small instances, making them an important medical tool that should be kept in every medical care unit. An increase influences the medical adhesive tape prices to demand medical adhesive tapes due to the rise in accidents and mishaps. The fabric tapes are water-resistant and come in various thicknesses, lengths, and designs to suit various bandaging requirements. These tapes are gentle and painless to remove and may even be used on newborns. In addition, doctors and surgeons can mark them with pens to label surgical scrubs and other equipment because of their fabric backing.

MARKET DRIVERS:

The growing usage of these tapes in wound care and surgery in developing economies such as India, China, Thailand, Indonesia, Brazil, and Argentina drives the global medical adhesives tapes market.

The increase in surgical procedures can be due to cardiovascular disorders, traumatic injuries, neurological disorders, and other conditions. Medical adhesive tapes are also used to secure dressings, catheters, infusion or drainage devices, and other medical devices. It is available in several lengths and widths to accommodate a wide range of bandaging requirements. Increasing the aging population is also a factor driving market growth. One of the other key factors boosting the market's growth rate is the increasing number of C-section surgeries. In addition, the rising demand for silicone adhesives in the medical sector has fueled the wearable adhesive market's growth, driving the medical adhesive tapes market growth. The increasing prevalence of chronic wounds worldwide, combined with the availability of a diverse range of medical tapes, is projected to favor the global medical tapes market.

Additionally, the increasing demand for silicone adhesives has increased the wearable adhesive market growth in the medical sector over the past few years, driving the medical adhesive tapes market. Furthermore, the demand to develop new products for emerging applications due to medical technology advancements drives the global medical adhesive tapes market.

Rising awareness of the use of medical tapes for securement among physicians and patients and increasing demand for green and environmentally friendly products would fuel multiple opportunities, resulting in the growth of the medical adhesive tapes market. Due to infrastructure growth, changing lifestyles, and buyer preferences, India is projected to be the fastest-growing healthcare adhesive tapes market in APAC during the forecast period. Furthermore, an increase in wounds, burns, and fractures is projected to drive growth in the global medical tapes market during the forecast period. In addition, some of these tapes are treated with zinc oxide to reduce the chance of infection. As a result, the global medical adhesive tapes market is expanding rapidly and is expected to grow further during the forecast period.

MARKET RESTRAINTS:

During the forecast period, price fluctuations are expected to generate slight disturbances in the growth rate of the global medical adhesive tapes market. In addition, the lack of proper guidance for selecting and using medical tapes in different geographies is likely to restrict the global medical tapes market's revenue growth. The probability of a rise in investments creates pressure on the key players and may restrain market growth. In addition, advanced and active wound care products are expected to replace medical adhesive tapes in the future due to their effectiveness and the limitations of traditional wound dressings. Therefore, it could restrain the market from further growth in the future.

Impact of COVID-19 on the global medical adhesive tapes market:

The coronavirus disease 2019 pandemic continues to threaten global healthcare systems significantly. Patients and other disabilities in desperate need of treatment suffered collateral damage due to limited access to emergency services. Admissions to hospitals and emergency departments for acute and life-threatening disorders have decreased. In addition, the COVID-19 pandemic and the resulting prohibitions, such as self-quarantine or public lockdown, hampered the treatment of patients with chronic wounds. Medical tapes, also known as surgical tapes, are pressure-sensitive tapes used in wound care to hold and protect wound dressings and bandages. These tapes allow air to flow through them and therefore do not harm the skin. Furthermore, regardless of their older age and various comorbidities, patients with chronic wounds are at a greater risk of a severe path after COVID-19. In terms of diagnostic workup, hospitalization, and access to a primary care provider, the COVID-19 pandemic hurt wound care. As a result, the medical adhesive tapes market growth has slowed down. However, pandemic prohibitions had no significant impact on wound treatment at home. The use of public transportation or prolonged travel time did not seem to be linked to the physician's reduced availability.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

Segments Covered

By Type, Backing Material, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This market research report on the global medical adhesive tapes market has been segmented & sub-segmented based on the type, backing material, application, and region.

Medical Adhesive Tapes Market - By Type:

  • Acrylic
  • Silicone
  • Rubber
  • Others

Based on the type, the silicone segment is anticipated to grow at the highest CAGR due to the increased demand for low peel adhesion than acrylic and synthetic rubber tapes. However, the range of applications is limited and needs research and development to broaden their varied forms.

Medical Adhesive Tapes Market - By Backing Material:

  • Plastic
  • Paper
  • Fabric
  • Others

Based on the backing material, the paper adhesive tapes segment had the major share of the global market in 2022 and is projected to register a promising growth rate during the forecast period. However, when comparing the market size, the fabric adhesive tapes segment is estimated to occupy a substantial share of the global market as they are used on a large scale. In addition, paper adhesive tapes are more comfortable than fabric adhesive tapes; hence are more suitable for elderly patients.

Medical Adhesive Tapes Market - By Application:

  • Surgeries
  • Wound Dressings
  • Secure IV Lines
  • Splints
  • Ostomy Seals
  • Others

Based on the application, the secure IV lines sector of applications is expected to grow at a significant CAGR during the forecast period.

Medical Adhesive Tapes Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, Asia Pacific is expected to be the fastest-growing global market in the forecast period due to its high CAGR, increasing demand from growing medical industries, and the scope of future opportunities, mainly in developing countries like Japan, India, and China. In the next few years, the Asia Pacific market is expected to develop significantly. The fast expansion in population and the significant prevalence of senior citizens in countries like India and China are two important reasons driving up demand for medical adhesive tapes in this area. In addition, the development and innovation in the medical area are also driving the growth of the medical adhesive tape market in the region. India is predicted to be the fastest-growing healthcare adhesive tapes market in APAC. Infrastructure development, changing lifestyles, and customer preferences drive significant transformation and growth in the Indian healthcare and hygiene sector. This is likely to fuel the APAC market for healthcare adhesive tapes.

North America had the largest share in the global market in 2020 and is expected to lead the market at the end of the forecast period. Because of the adoption of improved technology and the rising number of operations, North America dominates the medical adhesive tapes market. In addition, the expanding elderly population, rising preferences for medical adhesive tapes in this nation, and rising medical tourism are expected to boost the medical adhesive tapes market's growth in North America.

Europe has stable growth in the medical adhesives market and is least expected to show any significant deviations in the forecast period.

The Middle East & Africa, and Latin America regions, being in low-developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Medical Adhesive Tapes market in these regions is slow-growing.

KEY MARKET PARTICIPANTS:

By the end of 2020, 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), Advance Tapes International, CMS Group of Companies, Lohmann GmbH & Co.KG., Surface Shields, Avery Dennison Corporation (US), Tesa SE, Lintec Corporation, Henkel AG, Shurtape Corporation, Intertape Polymer Group, Scapa Group PLC, Andover Healthcare Inc., and Ad Tape & Label are the leading shareholders of the Global Medical Adhesive Tapes market.

These companies currently focus on expansion strategies to satisfy the increasing demand from the medical industry, thereby improving their global market share value and ranking.

RECENT MARKET DEVELOPMENTS:

  • In 2018, 3M Inc. took a big step by investing in the field of long-term wearable adhesives. The company is working on a single coated medical extended-wear adhesive non-woven tape that offers Omnidirectional stretch for stronger conformability and breathability.

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FAQ's

How big is the global medical adhesive tapes market?

As per our research report, the global market size for medical adhesive tapes is estimated to be USD 7.42 billion in 2023 and USD 9.8 billion by 2028.

What is the growth rate of the global medical adhesive tapes market?

The global medical adhesive tapes market is expected to grow at a CAGR of 5.72% from 2023 to 2028.

Which segment by type is projected to grow the fastest in the global medical adhesive tapes market?

The silicone segment is expected to be lucrative and registers the fastest CAGR among all other types during the forecast period.

Who are the major companies operating in the medical adhesive tapes market?

3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), Advance Tapes International, CMS Group of Companies, Lohmann GmbH & Co.KG., Surface Shields, Avery Dennison Corporation (US), Tesa SE, Lintec Corporation, Henkel AG, Shurtape Corporation, Intertape Polymer Group, Scapa Group PLC, Andover Healthcare Inc., and Ad Tape & Label are some of the notable players in the global medical adhesive tapes market.

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