What Has Been the Growth Trajectory of the Medical Adhesive Tapes Market?
The medical adhesive tapes market has seen considerable growth due to a variety of factors.
• The market size for medical adhesive tapes has seen a rapid expansion in previous years. It is projected to escalate from $8.97 billion in 2024 to $9.92 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%.
The notable growth during the historical period can be traced back to factors such as surgical processes, an aging demographic, the rise in chronic diseases, advancements in healthcare infrastructure, along with medical research and development.
What Does the Future Hold for the Medical Adhesive Tapes Market?
The medical adhesive tapes market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for medical adhesive tapes is anticipated to experience fast-paced growth. With a compound annual growth rate (CAGR) of 10.3%, it is estimated to reach $14.69 billion by 2029.
This projected growth is largely due to factors such as the increase in telemedicine, pediatric healthcare, infection prevention measures, adhesion of medical devices, as well as trauma and emergency care. The forecast period will also see major trends such as advanced wound care products, digital health monitoring, innovative adhesive technologies, materials that are biocompatible and gentle on the skin, and wearable health devices.
What Main Forces Are Fueling Expansion In The Medical Adhesive Tapes Market?
The escalation in the number of surgical interventions significantly impacts the expansion of the medical adhesive tapes sector. Surgical or medical procedures, which include incisions with instruments to rectify damage or treat illnesses in a living organism, frequently involve the use of tapes like surgical tapes and bandages. These are primarily used before and after surgery to manage blood loss and heal wounds. For instance, the Australian Institute of Health and Welfare, a government agency based in Australia, revealed in November 2023 that there was an 18% increase in the number of patients admitted for surgery from public hospital elective surgery waiting lists in 2023 compared to the 2021-2022 period, totalling 735,500 patients. Furthermore, an additional 855,500 patients were added to the elective surgery waiting lists, indicating a 9.2% growth from the 2021–22 period. Such a surge in general surgeries demand propels the growth in the market for medical adhesive tapes.
What Are The Primary Segments In The Global Medical Adhesive Tapes Market?
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 Key Trends Are Driving Changes In The Medical Adhesive Tapes Market?
The medical adhesive tapes market is being transformed by advances in technology. Discoveries such as the silicone adhesive represent a leap forward in this field. For example, in February 2023, the US company 3M, known for their wide range of products in electronics, telecommunications, healthcare, and other sectors, introduced the 3M Medical Tape 4578. This tape's ability to stick to the skin for up to 28 days represents a marked improvement from the earlier industry standard of 14 days. This innovative medical adhesive technology is suitable for a variety of health monitors, sensors, and long-term medical wearables. This reaffirms its commitment to a more patient-focused healthcare approach.
Who Are the Key Players in the Medical Adhesive Tapes Market?
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 Is The Most Dominant Region In The Medical Adhesive Tapes Market?
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.
