|Status : Upcoming||Report Code : VRCH2043||Industry : Chemicals & Materials||Available Format :|
Medical adhesive tapes are also known as surgical adhesive tapes. They are used for closing wounds and holding bandages in place, which are designed to meet a wide range of bandaging requirements. These tapes are available in a variety of widths, styles, and lengths. To reduce the risk of infection, some of these tapes are prepared with zinc oxide. The global medical adhesive tapes is growing at a significant pace, and expected to register a fast growth in the coming years.
Insight by Type
On the basis of type, the medical adhesive tapes market is classified into acrylic, silicone, rubber, and others. The silicone adhesive resin type segment dominated the market and is also anticipated to register the highest CAGR during the forecast period. This is attributed to its superior properties as compared to other adhesives, as they are gentler and perform excellently on low surface energy substrates.
Insight by Backing Material
Based on backing material, the medical adhesive tapes market is segmented into paper, fabric, plastic, and others. Among all these, fabric medical adhesive tapes are anticipated to lead the market and are expected to grow at the highest CAGR in the coming years. These tapes are made of polyester, taffeta, cotton or a combination of fibers that are coated with adhesives that allows the dressing the stick to the body surface. Also, these tapes are used in variety of applications such as catheters, securing dressing, tubing, and various other medical purposes.
Additionally, the strength of fabric backed tapes along with their elasticity enables them to use in body areas including biceps that expand and contract with movement.
Insight by Application
Based on application, the medical adhesive tapes market is categorized into surgeries, wound dressing, secure IV lines, splints, ostomy seals, and others. Of all applications, secure IV lines are projected to register the fastest growth in the market for these adhesive tapes in the coming years. The various recent advancements in medical technology are fueling the market growth, which is creating various opportunities in the market for the manufacturers for the new product development for emerging application.
The major factors identified in the medical adhesive tapes market which are propelling the market growth are the increase in surgical procedures, increasing demand of these tapes in the emerging countries, and increasing aging population. The rise in surgical procedures is attributed to the growing incidences of cardiovascular diseases, traumatic injuries, neurological disorder, and others. Along with that, the growing number of C-section surgeries is also one of the major factors fueling the market growth. Also, growing incidences of trauma and accidents, street mishaps and the rising incidences of different chronic diseases are boosting the market growth for surgical procedures.
Increasing cost pressure on manufacturers and increasing awareness regarding the wound care products are the major challenges identified in the medical adhesive tapes market. The pressure on manufacturers is increasing to produce a low-cost product to stay competitive in the market, which can potentially hinder the market growth. Hence, reducing cost while also focusing on customer satisfaction while maintaining the quality of the product is the expected to pose as a challenge in the market.
The medical adhesive tapes market is fragmented due to the presence of various small anad large players in the market; however the market is mainly dominated by the large players.
Asia-Pacific is projected to be one of the largest and fastest growing regions in the medical adhesive tapes market. This is primarily attributed to the increasing population in the region and also the high growth economies which includes Japan, China, India, and others. China is the largest consumer of these tapes in the region, owing to the increasing industrial production in the country.
3M Company, Johnson and Johnson Services, Medtronic Plc., Scapa Group, Smith & Nephew, Nitto Denko Corporation, Nichiban Co., Ltd., Avery Dennison Corporation, CCT tapes, and Jiangsu Nanfang Medical are some of the major players operating in the medical adhesive tapes industry.