Medical Adhesive Tapes Market 2024: Business Plan, Cost and Raw Material Requirements

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Medical Adhesive Tapes Market Insights, Size,
Share, Top Leading Players, Growth and Demand
Forecast Report The Medical Adhesive Tapes market
reports provide a detailed analysis of area
market expansion, competitiveness, global and
regional market size and growth analysis. It also
offers recent developments such as market share,
opportunity analysis, product launch and sales
analysis, segmentation growth, market innovation
and value chain optimization and SWOT analysis.
The latest reports on the market cover the
current impact of COVID-19 on the market. This
has brought about some changes in market
conditions. Early and future assessments of
rapidly changing medical adhesive tapes market
scenarios and impacts are covered in the report.
Sales revenue of the global medical adhesive
tapes market in 2021 is valued at US 8.6
billion and is projected to reach US 11.5
billion with 6.1 CAGR by the end of 2026. The
market research report provides a comprehensive
overview of the medical adhesive tapes market
latest trends, size, regulations, key players,
and strategies. The report offers valuable
insights into the market's sales and revenue,
type, applications, regions, and leading players
with expert reviews. Rise in chronic diseases
has led to an increased rate of hospitalizations
and surgeries across the world and this is
expected to primarily drive the demand for
medical adhesive tapes across the forecast
period. Increasing investments in healthcare
infrastructure development in emerging economies
such as India, China, and Brazil are also
expected to favor medical adhesive tapes market
growth through 2026.
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• Key Takeaways from Market Study
• The global medical adhesive tapes market was
  estimated at for a value of US 8.6 billion in
  2021.
• Shipments of medical adhesive tapes are slated to
  rise at a steady 6.1 CAGR through 2026.
• By 2026, the global medical adhesive tapes market
  is anticipated to reach US 11.5 billion.
• Growing aging population, increasing number of
  surgeries being performed, high incidence of
  diabetes, obesity, and other chronic diseases,
  and increased focus
• on wound care management are prominent drivers
  for market growth.
• However, volatility in raw material pricing and
  strict regulatory norms are anticipated to have
  a restraining effect on overall market growth
  through 2026.

• Top Industry Players of Medical Adhesive Tapes
• 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)
• Scapa Group PLC (United Kingdom)
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Silicone is the second-largest resin type in the
overall medical adhesive tapes market 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 the
fastest-growing segment of the market during the
forecast period Paper is a widely used backing
material that adheres lightly to an individuals
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.
Asia Pacific is projected to be the
fastest-growing market for medical adhesive
tapes 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.