Kinesio Tape Market Development History, Current Analysis with Top Players RockTape, Star Micronics, KT Health, StrengthTape, Nitto Denko, Atex Medical, DL Medical & Health Kinesio Holding, Epson, Boca Systems, SportsTex, SpiderTech
Kinesio Tape Market - Dynamics
Increasing use of kinesio tapes in pain management for geriatric patients is expected to lead to growth of the global kinesio tape market. Moreover, increasing sports activities, aerobics, and awareness regarding physiological disorders are major factors that are expected to boost growth of the market. Kinesio tapes offer several therapeutic benefits such as decrease in swelling of knees and shoulder. Increasing incidents of minor injuries from sports activities that lead to muscle pain is also expected to contribute to the market growth. According to the World Health Organization 2018, worldwide around 20 to 50 million people suffered from non-fatal injuries annually.
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Kinesio Tape Market – Regional Insights
The global kinesio tape market is segregated regionally into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America accounts for the largest market share in the global kinesio tape market, owing to high prevalence of rheumatoid arthritis in the region. According to The National Center for Biotechnology Information’s (NCBI) report 2017, around 1.28 to 1.36 million people were diagnosed with rheumatoid arthritis during the period 2004 to 2014 in the U.S. Europe is expected to witness significant growth in the market over the forecast period, owing to high adoption of kinesio tape by healthcare practitioners and athletes. The Kinesio Taping Association offers a certification training program for healthcare practitioners and around 80 countries have used kinesio tapes in London Games. Therefore, these factors and scenarios are expected to drive the global kinesio tape market growth.
Kinesio Tape Market – Competitive Landscape
Major players operating in the global kinesio tape market include, RockTape, Star Micronics, KT Health, StrengthTape, Nitto Denko, Atex Medical Co. Ltd., DL Medical & Health Kinesio Holding Corporation, Epson, Boca Systems, SportsTex, SpiderTech Inc., and Pyramid Technologies.
Key players in the market are focused on launching new products to enhance their market share. For instance, in 2017, KT Health launched three new products: KT RECOVERY Ice/Heat Massage Ball, KT PERFORMANCE+ Blister Prevention Tape, and KT PERFORMANCE+ Blister Treatment Patch for athlete recovery and performance.
Global Kinesio Tape Market Taxonomy:
On the basis of product type, the global kinesio tape market is segmented into:
On the basis of application, the global kinesio tape market is segmented into:
On the basis of distribution channel, the global kinesio tape market is segmented into:
Hospital and Clinics
On the basis of region, the global kinesio tape market is segmented into:
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