The market size of medical adhesive tapes was valued at USD 16.85 billion in 2022. It is projected to reach USD 26.86 billion by 2030, with a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2023 to 2030.
The medical adhesive tapes market size has witnessed substantial growth and is expected to continue its upward trajectory in the coming years. This growth can be attributed to various factors, including the increasing demand for advanced wound care products, rising surgical procedures, and the growing geriatric population.
One of the key drivers behind the market's expansion is the rising prevalence of chronic diseases and injuries, which require effective wound management. Medical adhesive tapes play a crucial role in providing secure and reliable wound closure, reducing the risk of infection, and promoting faster healing. As a result, healthcare professionals and patients alike are increasingly relying on these tapes for wound care.
Furthermore, technological advancements in medical adhesive tapes have led to the development of innovative products with enhanced properties. These tapes now offer improved breathability, flexibility, and durability, ensuring optimal patient comfort and reducing the chances of skin irritation. Manufacturers are also focusing on creating tapes that are easy to apply and remove, minimizing discomfort during dressing changes.
Geographically, North America currently dominates the medical adhesive tapes market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced wound care products. However, the Asia Pacific region is expected to witness significant growth during the forecast period, driven by the increasing healthcare expenditure, rising awareness about wound care management, and the growing number of surgical procedures.
In conclusion, the medical adhesive tapes market is poised for substantial growth in the coming years. With the rising demand for advanced wound care solutions and the continuous development of innovative products, this market presents lucrative opportunities for both existing players and new entrants.
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Key Players:
Avery Dennison Corporation (US), 3M Company (US), Johnson & Johnson (US), Medtronic PLC (Ireland) , Scapa Group PLC (UK), Nichiban Co., Ltd. (Japan), Paul Hartmann AG (Germany, Nitto Denko Corporation (Japan), Medline Industries, Inc. (US), Smith & Nephew PLC (UK), Mactac Mexico, Lohmann GmbH & Co.KG.
MARKET SEGMENTATION:
By resin type
- Acrylic
- Silicone
- Rubber
- Others
By backing material
- Paper
- Fabric
- Plastic
- Others
By application
- Surgery
- Wound Dressing
- Splints
- Secure IV lines
- Ostomy Seals
- Others
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Medical Adhesive Tapes Market Size By backing material
10.Emulsion Medical Adhesive Tapes Market Size By Application
11.Emulsion Medical Adhesive Tapes Market Size By resin type
12.Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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