The global healthcare adhesive tapes market is forecast to reach USD 5.37 Billion by 2032, according to a new report by Reports and Data. The growth of the market is being driven by several factors, including the increasing elderly population and the growing number of surgical procedures in the healthcare sector. Other market factors are also contributing to its growth. Notably, the rising incidence of accidents related to reckless driving and the subsequent increase in accident and emergency admissions have had a positive impact. These adhesive tapes also find utility in sports, where they are used to provide a non-slip wrap on items requiring enhanced grip, such as tennis racquets. This particular application is favored due to the tape's characteristics, including easy removal with minimal residue and a textured surface. The extensive range of applications for medical tape contributes significantly to the market's expansion.
The risk of contamination with Multidrug-resistant organisms (MROs) is a major concern with this type of medical tapes. For reducing the risk of infection in the wound on which it is applied, zinc oxide is added in the adhesive tapes, which is the reason for its white color. In regards to region, Asia Pacific is forecasted to witness the fastest growth rate during the forecast period. The expansion of the market in the Asia Pacific region, is the result of the growing healthcare sector, increasing expenditure in the healthcare industry, and rising awareness about first aid treatment.
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Further key findings from the report suggest
- The healthcare adhesive tapes market held a market share of USD 27.00 Billion in the year 2018 with a growth rate of 5.8% during the forecast period.
- In context of Resin Type, the Acrylic segment generated the highest revenue of USD 11.07 Billion in 2018 with a CAGR of 6.0% during the forecast period. The revenue generated by the Acrylic segment is consequential of its extensive application in the healthcare sector because of its traits like permeability, and breathable nature that contributes in the effective management of the moisture and enhanced adhesion properties on varied substrates.
- In regards to Backing Material, the Fabric segment yielded the highest revenue of USD 11.07 Billion in 2018 with a CAGR of 6.1% during the forecast period. Its traits like tear resistance, allow some passage for moisture & air, a combination of breathable material and impermeability results in high preference as a backing material in medical tapes.
- In context to End-user, the Ambulatory Surgical Centers (ASC) segment is projected to witness the fastest growth rate of 7.0% during the forecast period, which is expected to occupy 11.0% of the market by 2026. The rising popularity of ambulatory healthcare services due to increasing occurrence of road accidents and other health conditions that require the immediate attention of care providers like myocardial infarction results in an increasing demand for the tapes in the Ambulatory Surgical Centers (ASC) segment.
- In context of Application, the Surgeries & securement segment occupies a larger market share of 63.0% in 2018, with a CAGR of 5.4% during the forecast period. The rise in the number of geriatric population and the increasing number of operations associated with chronic conditions contribute to the market share occupied by the Surgeries & securement segment.
- In regards to region, Asia Pacific is projected to witness the fastest CAGR of 6.9% during the forecast period, which is expected to occupy the third-largest market share of 25.0% by 2026. Factors like the growing healthcare sector, increasing expenditure in the healthcare industry, and rising awareness about first aid treatment are some of the contributing factors spurring the expansion of the market in this region.
- Key participants include Johnson & Johnson, 3M Company, Cardinal Health, Inc., Nichiban Co., Ltd., Nitto Denko Corporation, Scapa Group PLC, Smith & Nephew PLC, Essity Aktiebolag (Publ), Avery Dennison Corporation, & Paul Hartmann AG.
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For the purpose of this report, Reports and Data have segmented the healthcare adhesive tapes market according to Resin Type, Backing Material, End-user, Application, and Region:
Resin Type Outlook (Revenue, USD Billion; 2016-2026)
- Silicone
- Acrylic
- Rubber
- Others
Backing Material Type Outlook (Revenue, USD Billion; 2016-2026)
- Fabric
- Paper
- Plastic
- Others
End-user Type Outlook (Revenue, USD Billion; 2016-2026)
- Ambulatory Surgical Centers (ASC)
- Hospital
- Homecare settings
- Clinics
Application Type Outlook (Revenue, USD Billion; 2016-2026)
- Surgeries & securement
- Wounds & injuries
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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