The market size of healthcare adhesive tapes is estimated to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. Healthcare adhesive tapes are pressure-sensitive adhesive tapes used in the healthcare field for either directly securing the wound or for the securement/stabilization of healthcare materials such as dressing, catheters, tubes, and others. The drivers of market are the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. On the other hand, the rising awareness about advanced wound care products is expected to restrain the growth of the healthcare adhesive tapes market during the forecast period. New advancement technologies in surgery application have driven the demand for healthcare adhesive tapes in North America and Europe.
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Healthcare adhesive tapes are generally used for the primary treatment of wounds by covering and securing to prevent bacterial infections, and to hold bandages in place. They are also used for securing dressings, catheters, and infusion or drainage devices. They come in a variety of lengths and widths that are designed to meet a wide range of bandaging needs. A broad range of materials are used to make healthcare adhesive tapes, including paper, plastics, fabrics, and foam. The major resin used to manufacture adhesive tapes is acrylic, rubber, silicone, and others.
The silicone segment in the market is projected to grow at a higher rate than the acrylic segment because of its better adhesion properties. Silicone-based tapes maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. These factors are expected to drive the demand for silicone resin. Silicone resin-based tapes have lower peel adhesion compared to synthetic, rubber, and acrylic tapes. These tapes are also widely used for fragile skin such as of infant babies and the elderly patients with comorbidities.
Fabric is the most popular backing material used in manufacturing healthcare adhesive tapes. Fabric healthcare adhesive tapes are highly demanded since they have high strength, toughness, good abrasion and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability. Owing to its strength, this tape is used for securing dressings, catheters, tubing, and wound dressing and for other medical purposes. Strength and elasticity make it suitable for areas on the body such as biceps which expand and contract with movement.
In terms of geographic coverage, the healthcare adhesive tapes market has been segmented into five regions, namely, APAC, North America, Europe, South America, and the Middle East & Africa. APAC is expected to record the highest growth rate during the forecast period. Increase in aging population, easy availability of low-cost labor, and economical & accessible raw materials such as adhesives, backing materials, and release liners are driving foreign investments, thereby increasing the production of healthcare adhesive tapes in the region. The key players are also tapping these opportunities by expanding their production capacity in the emerging Southeast Asian economies.
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