Healthcare Adhesive Tapes Market: Global Industry Forecast, Share, Size, Trends Report

Overview

Global Healthcare Adhesive Tapes Market Introduction
Global healthcare adhesive tapes market is forecasted to value over US$ 35 Billion by 2026 end and record a CAGR of over 6.1% during the forecast period of 2019 to 2026.
Healthcare adhesive tapes are vastly used to cover wounds and injuries. It's a pressure-sensitive tape. Healthcare adhesive tape is designed in such a way that they can firmly hold the skin.

Global Healthcare Adhesive Tapes Market Overview
The market is classified into the application, resin, backing material and by region. Based on application, the wound dressing is expected to be in massive demand during the forecast period. Adhesive tapes are vastly used on fragile skin since it allows the air to penetrate and creates a healing solution by travelling to the underlying skin. It’s also used in moist skin conditions. The tapes are flat consist of adhesives and active pharmaceutical ingredients which is applied to the skin.

In terms of resin, acrylic is expected to propel the market. Acrylic provides better adhesion properties. It's designed with high peel strength and high tack. Acrylic easily removes from the body without evacuating adhesive remnant.

Based on backing material fabric is expected to be the expand the market during the forecast period. Fabric offers various benefits like high strength, heat resistance, excellent dimensional stability, toughness, and excellent chemical resistance. Due to its high strength, it’s widely used for medical purposes such as wound dressing, catheters, securing dressing and tubing.
Rise in awareness concerning patient’s safety and rise in surgical operations is elevating the market. An upsurge in penetration of disposable hygiene products is complementing the healthcare adhesive tapes market. Expansion of hospital and clinics is positively influencing the market. The rise in diabetic patients is also inflating the market. Advancement in technologies and product line expansions from manufacturers is fueling the growth of the market.

North America holds a vast share of the market. Europe is followed after America. Developed economies like the US and UK use healthcare adhesive tapes as its environmentally friendly. Asia-Pacific and Latina America region is anticipated to see vast growth in the coming years. China is the biggest user of healthcare adhesive tapes in the Asia-Pacific region. Brazil is envisioned to be the most essential consumer of healthcare adhesive tapes owing to the growing demand for secure IV lines.
Established players like 3M and Vancive Technologies have manufacturing facilities in developing economy like China, owing to favourable government policies.

Some of the prominent players include Paul Hartmann AG Nitto Denko Corporation, Scapa Group, Johnson & Johnson Consumer Inc, Merck 3M Company and Molnlycke Healthcare Inc Smith & Nephew.

Healthcare Adhesive Tapes Market Segmentation
By Application
• Surgery
• Hygiene
• Wound Dressing,
• Secure IV Lines
• Ostomy Seal
• Splint
• Bandages
• Diagnostic

By Backing Material
• Paper
• Fabric
• Plastic

By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis of healthcare adhesive tapes market based on application, backing material and region
• To deliver comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies