Healthcare Adhesive Tapes Market Overview, Size, Share, Trends, Growth Forecast To 2028

According to Precision Business Insights (PBI) latest report global adhesive tapes market is expected to be worth USD 26,881.9 million in 2022, growing at a 6.9% CAGR from 2022 to 2028. Global Healthcare Adhesive Tapes Market by Technology (Acrylic, Silicones, Emulsions, Rubber, Hydrocolloid, Others) By Application (Wound care, Ostomy, Surgical, Diagnostics, Others) and Geography- (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Forecast to 2028.
Government's regulations and support regarding the growth in the economy and rising start-ups are expected to surge the growth of market during the forecast period. Furthermore, the rise in the aging population and advancements in medical procedures will continue to drive the demand for healthcare adhesive tapes. In addition, Ongoing developments in medical adhesive technology means more tape options that perform improved and address the exclusive patient needs encountered every day.

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Surgery Segment Dominates the Healthcare Adhesive Tapes Market
Surgery Segment accounted 28.1% market share and it is expected to grow with a CAGR 5.2% from 2022-2028. The rise in the number of surgical operations across the world is the key driver for the growth of the market. For instance, according to a research study, approximately 530,000 general thoracic surgery cases are performed yearly in the USA. Furthermore, the increasing incidence of accidents such as road accidents, burns, and trauma across the globe also anticipated to drive the market.

North America leads to Healthcare Adhesive Tapes Market
The Healthcare Adhesive Tapes market in the North America is expected to hold the highest share of x% in 2021. North America healthcare adhesive tapes is expected to grow at a significant rate in the coming years owing to rise in number of surgical procedures due to presence of sophisticated healthcare infrastructure across the USA and Canada. Moreover, presence of huge number of market players coupled with rise in R&D for the development and launch of newer products are anticipated to burgeon the growth of market. Asia Pacific expected to record a significant growth rate owing to the rise in geriatric population most prone for chronic diseases in India, China, and Japan coupled with expansion of business by the market players across the region

New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Healthcare Adhesive Tapes market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. In October 2019, 3M Company acquired Acelity Inc. will further accelerate 3M as a leader in advanced wound care, which is a significant and growing market segment.

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Key players' profiles in the report are 3M Company, Medtronic plc., Medline Industries, Inc., Nitto Denko Corporation, Johnson & Johnson, Smith & Nephew plc, Nichiban Co. Ltd., Scapa Group plc, Paul Hartmann Ag, Avery Dennison Corporation, and Lohmann GmbH & Co. Kg.

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