Medical Adhesive Tapes Market worth $11.5 billion by 2026 | Key players 3M company (US), Medtronic PLC (US), Medline Industries (US), Avery Dennison Corporation (US), Johnson & Johnson (US).

According to recent market research the "Medical Adhesive Tapes Market by Type (Acrylic, Silicone, Rubber), Backing Material (Paper, Fabric, Plastic), Application (Surgeries, Wound Dressings, Secure IV Lines, Splints, Ostomy Seals) and Region - Global Forecast to 2026", is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The drivers of market growth are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers.

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Silicone is the second-largest resin type in the overall medical adhesive tapes market as they can withstand higher temperatures than rubber-and acrylic-based medical adhesive tapes. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market of the medical sector. These tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. These tapes are widely used for fragile skin, such as infant babies and elderly patients with comorbidities causing the skin to be more delicate. These tapes are also useful for repeat application on the same portion of the skin.
Paper is a widely used backing material that adheres lightly to an individual's skin. It is most widely used for people (adults and infants) with sensitive skin. These are widely used for applications such as dressing and fixation of tubes.
These tapes provide excellent comfort compared to the fabric medical adhesive tapes. Hence, they find significant applications in cases involving elderly patients. These tapes are also preferred in cases involving frequent redressing of wounds. The paper backing material is eco-friendly; it can be easily recycled and re-pulped. Therefore, it is a good choice in regions with stringent environmental regulations, such as Europe and North America. The increasing awareness about adhesive tapes in different end-use industries has led tape manufacturers to focus on products that can replace other fastening systems.

These factors have increased the demand for low-cost backing material such as paper for manufacturing tapes, majorly in South American and Asia Pacific countries such as India, South Korea, China, and Indonesia.

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The Asia Pacific is projected to be the fastest-growing market for medical adhesive tapes, in terms of value, due to the improving healthcare services and the rising level of income in this region. The rising population of the region, along with high disposable income and improved healthcare activities in this region, is driving the medical adhesive tapes market. Nitto Denko Corporation (Japan) and Nichiban Co., Ltd.
(Japan) are the important players in this region. The manufacturing sector in Asia Pacific (excluding Japan), especially consumer products, is growing rapidly. Moreover, various new production facilities in the region, both export-oriented and domestic, utilize the latest manufacturing processes which are designed to use medical adhesive tapes instead of traditional mechanical fastening equipment.
China is a hub for assembling industrial products, majorly because of low labor costs. Fueled by booming economies such as China, India, and other countries in the Asia Pacific region, the medical adhesive tapes market is growing at a strong pace.

Major vendors in the medical adhesive tapes market include 3M company (US), Medtronic PLC (US), Medline Industries (US), Avery Dennison Corporation (US), Johnson & Johnson (US), Smith & Nephew plc (United Kingdom), Nichiban (Japan), Paul Hartmann AG (Germany), Nitto Denko Corporation (Japan) and Scapa Group PLC (United Kingdom).

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In line with the rising demand for medical adhesive tapes, 3M Company offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through four business segments, namely, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. In the medical and surgical area, 3M is a supplier of medical tapes, dressings, wound closure products, orthopedic casting materials, electrodes, and stethoscopes. 3M Company (US) holds a top position due to its strong product portfolio. The company manufactures customized solutions based on concerned industries and applications. Moreover, 3M has leveraged its strong financial background and distribution network to expand its business in China and the US. 3M acquired Acelity Inc. (US) in October 2019. Acelity is a recognized leading provider of advanced wound care technologies and solutions and received USD 1.5 billion revenue in 2018. This acquisition is an excellent complement to 3M's Health Care business and bolsters the company's medical solutions business and supports its growth strategy to offer comprehensive, advanced, and surgical wound care solutions.

Medtronic Inc. occupies second position due to its global distribution capabilities and its strong financial background that strengthens its market position. The company has expanded in markets in Latin America and Asia -Pacific. The company's Minimally Invasive Therapies Group is further divided into Surgical Solutions and Patient Monitoring & Recovery. It offers medical tapes and bandages under its Patient Monitoring & Recovery subsegment. This business segment primarily sells incontinence, wound care, enteral feeding, urology, and suction products. On August 2021, Medtronic plc, the global leader in medical technology, announced that it has entered into a definitive agreement with Intersect ENT, a global ear, nose, and throat (ENT) medical technology leader dedicated to transforming patient care, under which Medtronic will acquire all outstanding shares of Intersect ENT for USD 28.25 per share in an all-cash transaction with an enterprise value of approximately USD 1.1 billion.

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