Healthcare Adhesive Tapes Market Scope
As per the healthcare adhesive tapes market report by MNM, The increasing number of accidental cases due to heavy trafficking is expected to propel the growth of the healthcare adhesive tape market going forward. Road traffic accidents are defined as collisions involving two or more objects on the road, one of which is a moving vehicle of any sort, and the other of which is a person. Healthcare adhesive tapes such as bandages, gauze, and other dressings are applied to the skin around such injuries occurred in accidents.
The healthcare adhesive tapes market size is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period.
What is Healthcare Adhesive Tapes Industry?
The Healthcare Adhesive Tapes Industry refers to the manufacturing, distribution, and sale of adhesive tapes specifically designed for use in medical and healthcare settings. These tapes are used to secure dressings, bandages, and other medical devices to the skin or other surfaces.
Healthcare adhesive tapes are typically made from materials such as cloth, paper, or plastic, and are coated with an adhesive that is gentle to the skin yet strong enough to hold medical devices in place. These tapes can be used in a variety of medical applications, including wound care, surgical procedures, and diagnostic testing.
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Healthcare Adhesive Tapes Market Drivers and Restraints
Healthcare adhesive tapes are used in various medical applications such as wound care, surgical procedures, and medical device attachment. The healthcare adhesive tapes market is driven by several factors, including:
- Increasing demand for wound care: The rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, is driving the demand for wound care products, including healthcare adhesive tapes.
- Growing surgical procedures: The increasing number of surgical procedures globally is driving the demand for healthcare adhesive tapes, as they are used to secure dressings, surgical incisions, and medical devices.
- Advancements in adhesive technology: The development of advanced adhesive technology has led to the production of healthcare adhesive tapes with improved bonding strength, longer wear time, and increased comfort for patients.
- Aging population: The aging population is more prone to chronic diseases and requires frequent medical attention, which is driving the demand for healthcare adhesive tapes.
- Increase in healthcare expenditure: The increase in healthcare expenditure across the globe is driving the demand for healthcare products, including healthcare adhesive tapes.
- Availability of alternative wound care products: The availability of alternative wound care products, such as hydrocolloid dressings and foam dressings, may limit the growth of the healthcare adhesive tapes market.
- Stringent regulations: The healthcare adhesive tapes market is highly regulated, and stringent regulations may pose a challenge to the growth of the market.
- Side effects associated with adhesive tapes: Some patients may develop skin reactions or allergies to the adhesives used in healthcare adhesive tapes, which may limit their use.
- Lack of awareness: Lack of awareness regarding the benefits of healthcare adhesive tapes among healthcare professionals and patients may hinder the growth of the market.
- High cost: Healthcare adhesive tapes can be expensive, which may limit their adoption, especially in low- and middle-income countries.
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Healthcare Adhesive Tapes Market Key Players
The major healthcare adhesive tapes vendors include -
- 3M (US)
- Cardinal Health, Inc. (US)
- Nitto Denko Corporation (Japan)
- Johnson Johnson Services, Inc (US)
- PAUL HARTMANN AG (Germany)
- Avery Dennison Corporation (US)
- NICHIBAN Co., Ltd. (Japan)
- Smith Nephew (UK)
- Lohmann GmbH Co.KG (Germany)
- Scapa Group Plc (US)
- Medline Industries Inc. (US)
- Essity Aktiebolag (PUBL) (Sweden)
In-line with the rising demand for healthcare adhesive tapes, 3M (US) has been working to deliver efficient healthcare adhesive tapes products to various applications in the healthcare industry. This company operates through business segments such as Industrial, Safety and Graphics, Electronics Energy, Health Care, and Consumer. The company offers healthcare adhesive tapes products which are used in application such as wound care dressing, diagnostic, surgical drapes, diapers, and others.
Healthcare Adhesive Tapes Market Segmentation
The healthcare adhesive tapes market can be segmented based on several factors, including:
On the basis of resin
- Others (urethane, EVA, PE, hydrophilic, and hybrids)
Acrylic is estimated to be the largest resin segment in the healthcare adhesive tapes market during the forecast period.
The acrylic segment is expected to account for the largest market share during the forecast period because of its better adhesion properties to a variety of substrates. Acrylic adhesive tapes are designed with high or low tack and high or low peel strength. These tapes are permeable to moisture that is measured by the moisture vapor transmission rate (MVTR).
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On the basis of backing material
- Others (metal, foam, and silicone)
Fabric to account the largest share as a backing material in the healthcare adhesive tapes market during the forecast period.
The fabric is the most popular backing material used in the manufacturing of healthcare adhesive tapes. Fabric healthcare adhesive tapes are high in demand as they have high strength, toughness, good abrasion, and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability.
On the basis of application
- Wound Dressing
- Secure IV Line
- Ostomy Seal
- Bandages, Transdermal Patches, and Blister Protection
- Diagnostic, Monitoring Medical Devices, and Optical Care
- Others (burn injury treatment, sports-related fatalities, and others)
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On the basis of region
- North America
- South America
- Middle East Africa
North America to account for the largest share of the healthcare adhesive tapes market during the forecast period.
Various factors have contributed to the growth of the North American healthcare adhesive tapes market. These factors include the rising incidence of chronic wounds, increase in the number of elderly citizens, increasing patient awareness on wound care, aging population, and technological advancements in the healthcare industry. The surgical adhesive tapes application has witnessed steady growth along with an increase in orthopedic and trauma, neurosurgery, cardiovascular, and gastroenterology. The increasing number of orthopedic procedures in the US is driving the demand for bandages and healthcare adhesive tapes.
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