Press release
Medical Adhesive Tapes Market Anticipated To Witness Robust Growth, Surpassing $14.69 Billion By 2029
Medical Adhesive Tapes
What Is the Current Medical Adhesive Tapes Market Size and Its Estimated Growth Rate?
The market of medical adhesive tapes has seen a swift growth over the past few years. The market value is projected to rise from $8.97 billion in 2024 to an estimated $9.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.6%. This significant growth observed in the historical period is due to factors such as surgical procedures, an aging demographic, rising chronic diseases, improvements in healthcare infrastructure, and advancements in medical research and development.
The market size of medical adhesive tapes is projected to experience swift expansion in the coming years, reaching a value of $14.69 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 10.3%. This growth in the forecast period can be linked to an increase in telemedicine, pediatric healthcare, measures to prevent infections, medical device adherence, and trauma and emergency care. Key trends foreseen in the forecast period encompass cutting-edge wound care products, digital health surveillance, novel adhesive technologies, materials that are compatible with biological tissue and gentle to the skin, and wearable healthcare apparatuses.
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How Are Emerging Segments Shaping the Medical Adhesive Tapes Market Landscape?
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
Subsegments:
1) By Acrylic: Transparent Acrylic Tapes, Foam Acrylic Tapes, Double-Sided Acrylic Tapes
2) By Silicone: Silicone Gel Tapes, Silicone Adhesive Tapes, Silicone Foam Tapes
3) By Rubber: Natural Rubber Tapes, Synthetic Rubber Tapes, Double-Sided Rubber Tapes
4) By Other Types: Paper Tapes, Cloth Tapes, Plastic Tapes
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Which Growth Factors Are Influencing Medical Adhesive Tapes Market Expansion?
The surge in surgical procedures is a major factor propelling the expansion of the medical adhesive tapes market. Surgical methods or medical practices, which typically involve utilizing instruments to make an incision, are implemented to mend injury or treat disease in a living body. Tapes, especially surgical tapes and bandages, are primarily employed before and after surgeries to manage blood loss and heal wounds. For example, data from the Australian Institute of Health and Welfare in November 2023 confirmed that 735,500 patients were admitted to public hospitals for surgery in 2023, illustrating an 18% surge compared to the 2021-22 period. Moreover, another 855,500 patients joined the elective surgery waiting lists, showing a 9.2% increase against the previous year. As such, the escalating demands in general surgery catalyzes the growth of the medical adhesive tapes market.
Who Are the Dominant Players Across Different Medical Adhesive Tapes Market Segments?
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
What Are the Latest Developing Trends in the Medical Adhesive Tapes Market?
The medical adhesive tapes market is being reshaped by technological advancements. Pioneering developments such as silicone adhesive are propelling this technology forward. One such instance was the launch of 3M Medical Tape 4578 by 3M, a US-based company involved in a varied range of markets like electronics, telecommunications, industrial, consumer and office, health care, safety and others, in February 2023. This tape outperforms its predecessors, sticking to the skin for up to 28 days against the earlier standard of 14 days. Tailored for use with an array of health monitors, sensors, and long-term medical wearables, this advancement in medical adhesive technology promotes a more patient-oriented healthcare approach.
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Which Geographic Regions Are Expected to Dominate the Medical Adhesive Tapes Market in the Coming Years?
North America was the largest region in the medical adhesive tapes market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Adhesive Tapes Market?
2. What is the CAGR expected in the Medical Adhesive Tapes Market?
3. What Are the Key Innovations Transforming the Medical Adhesive Tapes Industry?
4. Which Region Is Leading the Medical Adhesive Tapes Market?
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