Global Healthcare Adhesive Tapes Market is Forecasted to Value Over US$ 35 Billion by 2026 End

  • 18 Jul 2019

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 trivial in athletic trainers and doctor's medical kit. It's vastly used to treat injuries. Rise in surgery, bandages and wound dressing is elevating the market.

The market is classified into the application, resin, backing material and by region. On the basis of 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.

In terms of resin, acrylic is expected to propel the market. Acrylic provides better adhesion properties. It's designed with high or low peel strength.  Acrylic can be easily removed from the skin and doesn't leave any adhesive residue. 

Based on backing material fabric is expected to be the expand the market during the forecast period. Fabric offers various benefits like high strength, excellent abrasion, and good chemical resistance. Such benefits have led to fabric vastly utilized in the tubing, wound dressing and catheters.
The latest innovation in the form of single patient use tapes has driven the growth of the market. A rising number of incidences in hospital-acquired infections had elevated the market. The rise in silicone adhesives had a positive influence on the market. The gradual rise in awareness regarding the use of healthcare adhesive tapes for safety amongst patients and physicians is also complementing the growth of 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.

However, the rise in medical adhesive-related skin injuries and lack of guidelines regarding proper usage of medical tapes has restrained the growth of the market. The rapid adoption of alternative treatments is also hindering the growth of the market. 

North America holds a vast share of the market. Europe is followed after America. Rising cases of orthopedic, neurosurgery and gastroenterology have led to the immense demand for healthcare adhesive tapes in North America. Developed economies like Germany and the US 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. Developing economies like India and small nations like Vietnam, Malaysia and Vietnam are witnessing a gradual expansion of the healthcare industry. Brazil is envisioned to be the most essential consumer of healthcare adhesive tapes owing to the growing demand for secure IV lines. 

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

Healthcare Adhesive Tapes Market Restraints:
•    The rise in adhesive-related skin injuries
•    Lack of guidelines regarding proper usage of tapes
•    Rise in alternate treatments 

Global 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  


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