Global Medical Adhesive Tapes Market 2017-2021

Overview of the global medical adhesive tapes market

The number of surgeries is increasing across the globe due to the factors such as rising health awareness, growing number of diseases, beauty concerns, and natural disasters. Manufacturers are focusing on technological advances due to which there is significant growth in R&D activities. Technavio’s market research report has identified increasing number of surgeries and operations as one of the primary factors that will fuel the growth of the medical adhesives tapes market in the coming years. The surgical expenditures have increased significantly in the last few years in the Americas. Some of the most important surgical procedures conducted widely are liposuction, breast augmentation, and tummy tuck. With the upsurge in the number of surgeries, the medical adhesive tapes market is also witnessing significant growth. Our market research analysts estimate that this market will grow steadily at a CAGR close to 6% by 2021.

Shift to environment-friendly, green products is one of the key trends contributing towards the medical adhesive tapes market. Several developed countries such as US, Canada, and Germany are focusing on the application of adhesive tapes as they are eco-friendly. The environment-friendly tapes are gaining traction due to their special characteristics features such as recyclability and biodegradability. Moreover, they do not possess harmful hydrocarbons or solvents and these medical tapes helps in the reduction of volatile organic compounds which also aids in increasing its demand and drive the surgical adhesive tape market.

Competitive landscape and key vendors

The medical adhesive tapes market is fragmented due to the presence of several large and small players. The market is majorly dominated by large players. To remain competitive, the manufacturers are focusing on the development of innovative products to increase their market share. Introduction of tapes for professional sports and skin sensitive tapes for premium customers, aids in increasing the surgical adhesive tape market share for the vendors.

The leading vendors in the market are-

• 3M
• Johnson & Johnson Services
• Medtronic
• NITTO DENKO CORPORATION
• Scapa Group
• Smith & Nephew

The other prominent vendors in the market are Adchem, AVERY DENNISON CORPORATION, CCT Tapes, DermaMed Coatings Company, GERGONNE INDUSTRIE, Jiangsu Nanfang Medical, LIBATAPE PHARMACEUTICAL, Lohmann, Mactac, Mercator Medical, NICHIBAN, Paul HARTMANN Medical, and Seyitler Kimya.

Segmentation by backing material and analysis of the medical adhesive tapes market

• Fabric
• Paper
• Plastics

During 2016, fabric segment accounted for the major shares of the medical adhesive tapes market. Fabric medical adhesive tapes are gaining traction due to the factors such as strength, flexibility, superior stretch qualities, and ease in tearing and cutting by scissors. With the increase in surgeries, sports facilities, wound dressings, these tapes are witnessing extensive use in this industry and is driving the surgical adhesive tape market positively.

Segmentation by geography and analysis of the medical adhesive tapes market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the medical adhesive tapes market throughout the forecast period. Owing to the increasing number of surgeries and sports in this region, the demand for medical tapes is expected to rise. Moreover, introduction of advanced technologies and increasing attention on hygiene will lead the growth of the surgical adhesive tape market during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global medical adhesive tapes market?
• What are the key market trends impacting the growth of the global medical adhesive tapes market?
• What are the challenges to global medical adhesive tapes market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global medical adhesive tapes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global medical adhesive tapes market?

Technavio also offers customization on reports based on specific client requirement.