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Medical Adhesive Tapes Global Market Report 2024 by The Business Research Company |3M Company, A.M.G. Medical Inc., Adchem Corporation, Avery Dennison Corporation, CCT Tapes, Dermamed Coatings Company LLC, Dermarite Industries LLC., Jiangsu Nanfang Medica
Medical Adhesive Tapes Market Trends And Strategies
The medical adhesive tapes market size is expected to see rapid growth in the next few years. It will grow to $13.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rising telemedicine, pediatric healthcare, infection prevention protocols, medical device adhesion, trauma and emergency care. Major trends in the forecast period include advanced wound care products, digital health monitoring, innovative adhesive technologies, biocompatible and skin-friendly materials, wearable health devices.
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Medical Adhesive Tapes Market Major Segments
The medical adhesive tapes market covered in this report is segmented -
1) By Type: Acrylic, Silicone, Rubber, Other Types
2) By Material: Paper, Fabric, Plastic
3) By Application: Surgery, Wound Dressing, Splints, Secure IV lines, Ostomy Seals, Other Applications
Key Driver - Rapid Growth In Surgical Procedures Drives The Medical Adhesive Tapes Market
The rapid growth in surgical procedures/operations is significantly contributing to the growth of the medical adhesive tapes market. Surgical procedures or medical procedures involves an incision with instruments, performed to repair damage or to cure disease in a living body. Tapes such as surgical tapes and bandages are mainly used in pre- and post-surgery to control blood loss and to cure wounds. For instance, according to the Australian Institute of Health and Welfare, in 2021, the number of admissions for elective surgery from waiting lists was 9.6% higher than in 2020 in Australia. This increase in admissions was likely due to the greater level of restrictions in place for certain elective surgeries during 2020 in response to COVID-19. Therefore, the increasing general surgery workload drives the demand for growth of the medical adhesive tapes.
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Prominent Trend - Technological Advancements Transforming The Medical Adhesive Tapes Market
Technological advancements are shaping the medical adhesive tapes market. Technological advancement such as silicone adhesive is a discovery of knowledge that advances technology. For instance, in February 2023, 3M, a US-based manufacturer and distributor of products in the fields of electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets, launched 3M Medical Tape 4578. The tape's ability to adhere to the skin for up to 28 days is a significant improvement over the previous industry standard of 14 days. This breakthrough in medical adhesive technology is designed for use with a wide range of health monitors, sensors, and long-term medical wearables, providing a more patient-centric model of care.
Medical Adhesive Tapes Market Players
Major companies operating in the medical adhesive tapes market include 3M Company, A.M.G. Medical Inc., Adchem Corporation, Avery Dennison Corporation, CCT Tapes, Dermamed Coatings Company LLC, Dermarite Industries LLC., Jiangsu Nanfang Medical Co. Ltd., Libatape Pharmaceutical Co. Ltd., Lohmann GmbH And Co. Kg, Mactac LLC, Nitto Denko Corporation, Paul Hartmann Ag, Scapa Group plc, Pinnacle Technologies, Cardinal Health Inc., McKesson Corporation, Essity AB, Dynarex Corporation, Molnlycke Health Care, Andover Healthcare Inc., Cohera Medical Inc., Fresenius Kabi AG, Protec International Ltd., Organogenesis Inc., DeRoyal Industries Inc., Polymer Science Inc., Adhezion Biomedical LLC, Santex Group
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Largest And Fastest Growing Region In The Market
North America was the largest region in the medical adhesive tapes market in 2023. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical adhesive tapes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Adhesive Tapes Market Report Structure
3. Medical Adhesive Tapes Market Trends And Strategies
4. Medical Adhesive Tapes Market - Macro Economic Scenario
5. Medical Adhesive Tapes Market Size And Growth
…..
27. Medical Adhesive Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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