Medical Adhesive Tapes Market is expected to be valued at $10.9 billion by the end of the year 2026 growing at a CAGR of 6.5% during 2021-2026. Some of the significant drivers of the medical adhesive tapes market are the increase in surgical procedures, surging demand for medical adhesive tapes in emerging/growing countries, and the increasing aging population. Various types of medical adhesive tapes such as pressure-sensitive adhesive tape with a porous-polymer coating helps in sealing parts in medical equipment, diagnostic devices, and other medical apparatuses. The increase in the demand for medical adhesive tapes due to the increase in the incidents of accidents and mishaps is highly driving the medical adhesive tapes market. Furthermore, the increase in surgeries and wound dressing around the globe has also led to the increase in demand for medical adhesive tapes.
Covid-19 Impact
Amid the Covid-19 pandemic, the medical adhesive tapes market has been showing tremendous growth. Though the pandemic has affected the medical adhesive tapes market in terms of logistics and distribution, medical adhesive tapes is one of the most sought-after medical applications and is expected to grow considerably over the next few years. The medical adhesive tapes market is estimated to grow with a sharp increase in growth by the end of the year 2021.
Medical Adhesives Tapes Market Segment Analysis – By Backing Material
Fabric tape segment held the largest share of more 22% in the medical adhesive tapes market in the year 2020. This can be attributed to the fact that fabric tapes provide better quality and it sticks to the surface properly as compared to the other type of backing materials. Fabric tapes has better flexibility and lasts longer than other types of backing material. Fabric tapes can be has better insulation and resistance to heat & abrasion and other extreme conditions. Fabric tapes provide better breathability to the affected place which makes it a better option as compared to the other types of backing materials. The fabric tapes are usually made of polyester, taffeta, cotton or a combination of fibers which provides an additive coating that helps in proper sticking of the tape to the surface. This is driving the fabric tape segment in the medical adhesive tapes market.
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Medical Adhesives Tapes Market Segment Analysis – By Type
Silicone tape segment held the largest share of 25% in the medical adhesive tapes market in the year 2020. This can be associated to the fact that silicone tapes have superior qualities as compared to the other type of adhesive tapes. Silicone tapes are gentler than the other type of tapes and leaves little or no trauma to the skin during the removal of the tape. They also exhibit excellent performance on low surface energy substrates. Silicone tapes has high flexibility and delivers consistent performance over wide temperature ranges and period of time. It has excellent resistance to aging and UV rays. This is hugely driving the silicone tape segment in the medical adhesives tapes market.
Medical Adhesives Tapes Market Segment Analysis – By Tape Types
Trans-pore tape type held the largest share of 20% in the medical adhesive tapes market in 2020. This is majorly due to the properties of trans-pore tape, which is a blend of rayon and polyester fibers. Trans-pore tape is breathable like a paper tape, which lets the sin breathe and rejuvenate even while it is on. Though it is light, it exercises great strength. It can also be used for multi-purpose. Trans-pore tapes works well on sweating, bleeding and on wet skin. Trans-pore tape has better insulation properties and lasts longer. This is highly driving the trans-pore tape segment in the medical adhesive tape market.
Medical Adhesives Tapes Market Segment Analysis – By User type
Medical professionals held the largest share of 30% in the medical adhesive tapes market in the year 2020. Medical professionals utilize the medical adhesive tapes more than any other user type, which is due to the obvious reason that medical adhesive tapes are extensively used in the medical field. Medical professionals whoever works in hospitals or owns a medical clinic, usually have in stock a good number of these medical adhesive tapes for treating their patients.
Medical Adhesives Tapes Market Segment Analysis – By Application
Wound dressing segment held the largest share of 32% in the medical adhesive tapes market in the year 2020. This is due to the reason that the medical adhesive tapes are mostly used in dressing up of wounds and minor procedures. The case of minor procedures and wound dressing has been in the rise in the medical field, which has led to the increased consumption of dressing materials and adhesive tapes, which has contributed to the increasing demand for medical adhesive tapes.
Medical Adhesives Tapes Market Segment Analysis – By Geography
Asia Pacific region held the largest share of 38% in the medical adhesive tapes market in the year 2020. The major factor being the growing medical care and its increasing quality in countries like India and China. The Asia Pacific market is estimated to grow at a substantial rate in the upcoming years. The major factors contributing to the increased demand for medical adhesive tapes in this region is the rapid growth in population and also a high presence of aged population in countries like India and China. The growth of medical adhesive tape market in the region is also driven by the development and innovation in the medical field.
Medical Adhesives Tapes Market Drivers
Increase in surgical procedures
The increase in surgical procedures, owing to the rising road mishaps, cardiovascular diseases, incidences of trauma and accidents, traumatic injuries, neurological diseases and others, in the recent times have led to the surging demand for medical dressing materials and medical adhesive tapes. Especially during the recent Covid-19 pandemic there has been a surging demand for medical adhesive tapes due to the increase in need for wound dressing and other which has contributed to the growth of the medical adhesives market. This is one of the most significant drivers of the medical adhesive tapes.
Growing population in emerging countries coupled with the Increasing aging population
The exponential growth in population in countries like India and China has hugely contributed to the increasing demand for medical adhesive tape. The increasing population eventually leads to the development of medical care, which has led to the demand for medical equipment and medical applications. This has eventually led to the demand for medical adhesive tapes and related products. Owing to the development in quality and innovation in the medical field, the average life expectancy has increased over the years. This has led to the increase in the population of aged individuals around the world. This in turn has given rise to the medical procedures and treatments of such individuals, which has resulted in the need for medical adhesive tapes and surged the demand for it.
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Medical Adhesives Tapes Market Challenges
Increasing cost pressure on manufacturers and Increasing awareness about wound care products
There has been a constant pressure on manufacturers to increase the cost of the products due to the market competition. The manufacturers are therefore, pushed to manufacture low-cost products to stay competitive in the market and retain their position. This eventually puts the manufacture in a tough spot, as to whether they have to produce quality product or low-cost product to withstand the competition. The increase in awareness about the wound care products, such as ointments, lotions etc., are posing as a major threat to the dressing and tape materials. This has been giving a tough competition to the medical adhesive tape market, since these products extensively act as substitute for the medical adhesive tapes.
Medical Adhesives Tapes Market Industry Outlook
Expansions, partnerships, new product launches, acquisitions, and mergers are some of the key strategies adopted by players in the Medical adhesive tape Market. Major players in the Medical adhesive tape market are 3M, Kendall & Company Inc., Molnlycke, Cardinal Health, Shandong Cheerain Medical, Co., Ltd, Johnson & Johnson Services, Nitto Denko Corporation Inc., Paul Hartmann AG, Avery Dennison Corporation among others.
Acquisitions/Technology Launches
In December 2020, 3M launched a new silicone adhesive tape- 3M Hi-Tack Silicone Adhesive Tapes. 3M’s new silicone adhesive helps improve lives of patients using wearable medical devices needing longer wear. The first of its class is the 2480 3M™ Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner, featuring longer wear times, supporting heavier devices and offering more secure adhesion.
Key Takeaways
Asia-Pacific market is expected to hold the largest share in the medical adhesive tapes market, owing to the exponential increase in the population in countries like India and China.
Medical adhesive tapes are extensively used in the medical field. Medical adhesive tapes are used in both major and minor cases and therefore is considered one of the significant medical aid, which is a must in every medical care units.
The increase in demand for medical adhesive tapes is driven by the increasing medical quality and the medical procedures around the world.
The increasing aged population has also driven the need and demand for medical adhesive tapes market hugely.
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https://www.industryarc.com/Research/Seal-Adhesive-Tape-Market-Research-501675
B. Healthcare Adhesive Tapes Market
https://www.industryarc.com/Research/Healthcare-Adhesive-Tapes-Market-Research-510202
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