According to a report by MarketsandMarkets, is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The medical adhesive tapes market growth can be attributed to factors such as the increasing demand for medical adhesive tapes in surgical procedures, wound management, and the rising geriatric population. Additionally, advancements in medical adhesive tape technologies, such as the development of skin-friendly tapes and the use of pressure-sensitive adhesives, are expected to boost market growth.
The demand for medical adhesive tapes is driven by their use in various medical applications such as wound care, surgical procedures, and others. These tapes are used to secure dressings and medical devices in place, provide support and stability to joints and muscles, and to protect the skin.
The increasing demand for healthcare services and the growing geriatric population are expected to drive the demand for medical adhesive tapes. Additionally, advancements in medical adhesive tape technologies such as the development of skin-friendly tapes and the use of pressure-sensitive adhesives are expected to further drive the demand for medical adhesive tapes.
Medical adhesive tapes are used in hospitals, clinics, and home care settings, and are an essential component of wound care and surgical procedures. The COVID-19 pandemic has also increased the demand for medical adhesive tapes due to the increased use of personal protective equipment (PPE) and the need to secure medical devices and equipment.
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Medical Adhesive Tapes Market Drivers
- Growth in surgical procedures/operations
The growth in surgical procedures/operations is one of the major drivers of the medical adhesive tapes market. Medical adhesive tapes are widely used in surgical procedures for wound closure, tissue bonding, and securement of medical devices.
The increasing demand for surgical procedures, particularly minimally invasive surgeries, is driving the growth of the medical adhesive tapes market. As the number of surgical procedures increases, so does the demand for medical adhesive tapes. Additionally, the growing geriatric population is also contributing to the growth of the medical adhesive tapes market. Older adults typically have more medical needs, including surgeries and wound care, which increases the demand for medical adhesive tapes.
Medical Adhesive Tapes Market Key Players
The key players of the market include 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).
In line with the rising demand for medical adhesive tapes, 3M Company offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through four business segments, namely, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Medtronic Inc. occupies second position due to its global distribution capabilities and its strong financial background that strengthens its market position. The company has expanded in markets in Latin America and Asia -Pacific.
“Silicone is the second-largest resin type in the overall medical adhesive tapes market”
Silicone is one of the widely used resin types in the medical adhesive tapes market, and it is the second-largest resin type after acrylic.
Silicone adhesive tapes have several advantages over other types of adhesives, such as excellent biocompatibility, low skin irritation, and minimal tissue trauma. These properties make them ideal for medical applications, including wound care, ostomy care, and surgical procedures.
Silicone adhesive tapes are also resistant to moisture, high temperatures, and chemicals, which makes them suitable for use in harsh environments. They provide long-term adhesion and can be easily removed without causing skin damage or pain.
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“Asia Pacific is projected to be the fastest-growing market for medical adhesive tapes”
The Asia Pacific region is projected to be the fastest-growing market for medical adhesive tapes. The growth in the Asia Pacific market is driven by several factors, including the increasing demand for healthcare services, the growing geriatric population, and the rising disposable income levels in the region. The increasing healthcare expenditure in countries such as China and India is also contributing to the growth of the medical adhesive tapes market in the region. Many leading players in the medical adhesive tapes market are investing in the Asia Pacific region to expand their market presence and tap into the growing demand for medical adhesive tapes.
Overall, the Asia Pacific market is expected to offer significant growth opportunities for the medical adhesive tapes market, and it is projected to be the fastest-growing market in the coming years.
