Healthcare Adhesive Tapes Market is projected to witness a CAGR of 9.4% over the forecast period of 2021-2027

The research report " Global Healthcare Adhesive Tapes Market: By Technology (Acrylic, Silicones, Emulsions, Rubber, Hydrocolloid, Others), By Application (Woundcare, Ostomy, Surgical, Diagnostics, Others), and Geography and Geography – Global/Region/Country Forecast to 2027", The Global Healthcare Adhesive Tapes Market was valued at US 27,100.0 Mn in 2020 and is projected to witness a CAGR of 9.4% over the forecast period of 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Healthcare Adhesive Tapes Market: By Technology (Acrylic, Silicones, Emulsions, Rubber, Hydrocolloid, Others), By Application (Woundcare, Ostomy, Surgical, Diagnostics, Others), and Geography – Global/Region/Country Forecast to 2027",

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Expansion of manufacturing facilities for healthcare adhesive tapes will foster the market growth hugely:
Healthcare adhesive tapes are used primarily for wound dressing, blister protection, in surgery and wound dressing. The main purpose of using these tapes is to cover and secure wounds by preventing bacterial infections and hold bandages in place. They are available in different lengths and widths. Growing aging population and development in medical processes is anticipated to impel the demand for these tapes in healthcare sector including splints, surgeries hygiene, drug delivery and other applications. A few other key factors propelling the market growth are increasing adoption of medical adhesive tapes in developing countries, novel product launchings as well as disposable hygiene products. Acrylic obtained huge market revenue share in the market and is anticipated to grow during the forecast period 2021-2027. Acrylic provides improved adhesion properties and intended with high peel strength. Another crucial factor that contributes greatly in surging the market growth is expansion of the manufacturing facilities for healthcare adhesive tapes for fulfilling the demands of the consumers in the market. For Instance, Avery Dennison recorded almost USD 17.11 million in May 2017 and is a huge supplier of global healthcare-product OEMs. Adoption of Bio-based adhesives material based product manufacturing technology by market leaders and trend to use these ecofriendly products in recent periods will be expected to drive the global healthcare adhesives market over the forecast period. All the manufacturers of adhesives such as 3M, Henkel are focused for the innovation related to bio-based adhesive material which can used for industrial and medical applications Companies can used biopolymers, such as cellulose, starch, lignin, or proteins, emerge as important alternatives in place of silicone, rubber, acrylate, etc. The bio-based materials are more sustainable or ecofriendly in nature and it will affect the skin of patients while used in a tapes and fixation of medical devices.

Asia Pacific is anticipated to account for the huge market revenue share during the forecast years:
Asia Pacific has emerged as the major manufacturer of adhesive tapes recording a CAGR of 7.2% and is anticipated to grow during the forecast period due to the leading factors such as demand for medical tapes is anticipated to rise, growing cases of surgeries and sports in the region. Another leading reason to propel the market growth in this region is the present of emerging economies such as India, Japan and China. Furthermore, advanced developments and growing awareness about hygiene are some other crucial factors that will drive the adhesive tapes market growth during the estimated period.

Acquisition & Collaboration:
Scapa Healthcare completed the acquisition of the Systagenix and enhanced the production of wound care products, this acquisition will grow the business of Scapa in healthcare tape market. Cardinal Health completed acquisition of Medtronic's patient recovery business, in which company produces Kendall, Argyle and Kangaroo medical tapes. There are a few manufacturers of wound care products collaborates with healthcare organizations and adhesive technology provider for give better products to patients.

Technological Advancement:
There are a few advancement for improvisation of adhesive material or related technology such as hydrocolloids and hydrogels. Hydrocolloids are a special type pressure-sensitive adhesives with both fast adhering characteristics as well as fluid absorbency. A recently developed silicone acrylate hybrid adhesive technology combines polyacrylate and silicone molecular structures to form a stable, semi-interpenetrated network which is useful for designing medical adhesive devices, tapes, bandages, drapes, and wound dressings. The futuristic requirement of wound care products ostomy accessories, and wearable devices will push adhesive manufacturers to produce more adhesive solutions.

Competitive Analysis:
This study analysis consists of through competitive analysis of industry players in the healthcare adhesive tapes market with recent development, key market strategies and company profiles. The market study consists of thorough competitive analysis of the industry players in the market along with the company profiles. A few major key players include Scapa Group, Johnson & Johnson Consumer Inc., Cardinal Health, Inc., Avery Dennison Corporation, 3M, Nitto Denko Corporation, Nichiban Co., Ltd., Paul Hartmann AG, Andover Healthcare Inc., Ad Tape & Label and Smith & Nephew.

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