The Worldwide Medical Adhesive Tapes Industry is Expected to Reach $11.5 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Medical Adhesive Tapes Market by Type (Acrylic, Silicone, Rubber), Backing Material (Paper, Fabric, Plastic), Application (Surgeries, Wound Dressings, Secure IV Lines, Splints, Ostomy Seals) and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global medical adhesive tapes market is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026.

Based on resin, the silicone segment is expected to lead the fastest-growing segment during the forecast period

Silicone is projected to be the fastest-growing segment during the forecast period. Silicone-based medical adhesive tapes can withstand higher temperatures than rubber-and acrylic-based medical adhesive tapes. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market of the medical sector. These tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. These tapes are widely used for fragile skin, such as infant babies and elderly patients with comorbidities causing the skin to be more delicate. These tapes are also useful for repeat application on the same portion of the skin.

Based on application, the surgery segment to be the largest application of medical adhesive tapes market

Surgery to register the highest market share of medical adhesive tapes market. The high number of surgical procedures conducted across the globe is the major factor driving the market. This has also enabled the surgical wounds segment to dominate the medical adhesive tapes market by the application. Surgeries involve incisions and amputations and thus are a major cause of wounds. Most pre-or post-surgery cases require the placement of catheters and infusions in patients. As medical adhesive tapes are used to secure wound dressings and infusion lines and treat wounds, their demand is expected to increase with the growth in the volume of surgeries performed across the globe.

The medical adhesive tapes market in North America accounted for the largest share of medical adhesive tapes market during the forecast period

North America is a strong market for medical adhesive tapes. Globally, the region has been dominating the market in terms of demand and product innovation. The technological advancements drive the market for medical adhesive tapes in North America in the manufacturing and application sectors. The US accounted for the largest market share in terms of value and volume. Canada and Mexico also contributed significantly to the market. Technological advancements in the manufacturing sector have driven the market in this region. Several factors have contributed to the rise of North America as one of the leading regions for medical adhesive tapes. These factors include the ageing population, increased awareness about the benefits of non-invasive surgery procedures, and technological advancements in the healthcare industry that have propelled the growth of the medical adhesive tapes market in this region.

Market Dynamics

Drivers

• Growth in Surgical Procedures/Operations
• Increasing Aging Population
• High Demand for Medical Adhesive Tapes in Asia-Pacific
• Increased Government Relief Packages for Strengthening Healthcare Systems to Handle COVID-19 Boosted Demand

Restraints

• Volatility in Prices of Raw Materials

Opportunities

• Healthcare Sector in Emerging Markets
• Improvements in Healthcare Systems

Challenges

• Increasing Price Pressure on Market Players
• Increasing Awareness About Advanced Wound Care Products
• Implementation of Stringent Regulatory Policies

Companies Mentioned

• 3M Company
• A.M.G. Medical Inc.
• Adchem Corporation
• Avery Dennison Corporation
• Cct Tapes
• Dermamed Coatings Company LLC
• Dermarite Industries, LLC.
• Gergonne Industrie
• Jiangsu Nanfang Medical Co., Ltd.
• Johnson & Johnson
• Libatape Pharmaceutical Co., Ltd.
• Lohmann GmbH & Co. Kg
• Mactac LLC
• Medline Industries, Inc.
• Medtronic plc.
• Mercator Medical S.A.
• Nichiban Co. Ltd.
• Nitto Denko Corporation
• Paul Hartmann Ag
• Pinnacle Technologies
• Scapa Group plc
• Seyitler Kimya San. Inc.
• Smith & Nephew plc
• Sterimed Medical Devices Pvt. Ltd.
• Wuxi Beyon Medical Products Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/g88wv9

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900