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Medical Adhesive Tapes Market was valued at USD 7 billion in 2022 and is anticipated to grow at a CAGR of over 5.6% between 2023 and 2032. The increasing road accidents and traumatic incidents have led to higher demand for tapes in wound care. For instance, according to the Ministry of Road Transport and Highways, India witnessed a total of 4,12,432 reported road accidents in 2021. These accidents led to the loss of 1,53,972 lives and caused injuries to 3,84,448 individuals. Consequently, there is an increased demand for medical adhesive tapes to support wound care and management in the face of these unfortunate occurrences.
Medical adhesive tapes are specialized tapes used in the field of medicine for various purposes, primarily in wound care, securing medical devices, and providing support or compression to the body. These tapes are designed to adhere securely to the skin or other medical surfaces while remaining gentle to the patient's skin. These tapes play a critical role in responding to road accidents and traumatic incidents, which often lead to various wounds and injuries.
Report Attribute | Details |
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Base Year: | 2022 |
Medical Adhesive Tapes Market Size in 2022: | USD 7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.6 % |
2032 Value Projection: | USD 12 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 199 |
Tables, Charts & Figures: | 341 |
Segments covered: | Type, Adhesive, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The COVID-19 pandemic had adverse effect on the medical adhesive tapes industry. Disruptions in supply chain, reduced healthcare facility visits, and financial strain on healthcare systems characterized the challenges faced. Manufacturers encountered difficulties in procuring raw materials, and postponement of medical procedures resulted in a decline in surgical tapes demand. However, the market remained essential for critical applications such as wound care and gradually recovered as healthcare systems adapted to the pandemic challenges.
Surgical procedures have witnessed global growth over recent years, driven by advances in medical technology, an aging population base, and enhanced access to healthcare services. For instance, nearly 310 million major surgeries are conducted globally each year, with approximately 40 to 50 million taking place in the U.S. and 20 million in Europe. Therefore, in the realm of surgical settings, medical adhesive tapes play an indispensable role, facilitating diverse applications that encompassed securing IV lines and catheters, estimated to reach USD 54.7 billion by 2032, wound closure, the fixation of surgical dressings, and supporting post-operative recovery.
The medical adhesive tapes industry by type is categorized into acrylic, silicone, and rubber. The acrylic segment garnered USD 3.1 billion revenue size in the year 2022. The dominance of the segment can be attributed to their exceptional adhesive properties, durability, versatility, hypoallergenic qualities, regulatory compliance, and continuous innovation.
Based on adhesive, the market is segmented into double coated and single coated. The double coated segment dominated the medical adhesive tapes industry and accounted for over 56% market share in the year 2022. High segment share is attributable due to its versatile and reliable adhesive properties.
Thus, the double-coated segment's ability to offer versatile, strong, and compliant adhesive solutions will propel its growth and solidify its crucial role in modern healthcare.
Based on application, the medical adhesive tapes market is segmented into surgery, wound dressing, device fixation and others. The surgery segment dominated the medical and accounted for over 39% market share in the year 2022 and is anticipated to witness highest growth during the forecast period.
Therefore, as surgical techniques continue to advance, the demand for high-quality medical adhesive tapes is expected to rise, driving market growth.
The medical adhesive tapes market by end-use is categorized into hospitals, specialty clinics, ambulatory surgical centers, and others. The hospitals segment garnered USD 3.1 billion revenue size in the year 2022.
Therefore, as healthcare facilities continue to grow, the demand for medical adhesive tapes in hospitals is expected to drive market growth consistently.
U.S. medical adhesive tapes industry accounted for USD 2.7 billion revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
Therefore, the continuous influx of patients requiring surgical interventions in the U.S. ensures a robust and growing market for medical adhesive tapes in the healthcare sector.
The medical adhesive tapes industry is consolidated in nature, with major companies competing to offer superior medical adhesive tapes in this business space. Prominent players such as Smith & Nephew hold a significant share in this market. These companies are diligently directing their efforts towards continuous product innovation to gain substantial market share. For instance, 3M introduced the 3M Spunlace Extended Wear Adhesive Tape on Liner (4576), tailored for long-lasting skin attachment needs, offering an impressive 21-day wear time and marking a significant advancement in device innovation.
Some of the eminent market participants operating in the medical adhesive tapes industry include:
Medical adhesive tapes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in Units from 2018 to 2032 for the following segments:
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By Type
By Adhesive
By Application
By End-use
The above information is provided for the following regions and countries: