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Medical Adhesive Tapes Market Size

Report ID: GMI6925
Published Date: Oct 2023
Report Format: PDF

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Medical Adhesive Tapes Market Size

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.

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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.

Medical Adhesive Tapes Market Report Attributes
Report Attribute	Details
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:	Surge in road accidents and other traumatic incidents Increasing prevalence of chronic disorders Rising number of surgical procedures Growing healthcare sector in emerging economies
Pitfalls & Challenges:	High cost of raw materials Stringent regulatory scenario

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for medical adhesive tapes was valued at USD 7 billion in 2022 and is estimated to account for USD 12 billion by 2032 owing to the increasing road accidents and traumatic incidents.

The surgery segment dominated the medical adhesive tapes market with over 39% revenue share in 2022 and is anticipated to witness growth, primarily fuelled by the escalating number of surgical procedures globally.

U.S. market for medical adhesive tapes accounted for USD 2.7 billion in 2022 and is predicted to witness substantial market growth favored by a vast network of healthcare facilities and a technologically advanced healthcare infrastructure.

Smith & Nephew, McKesson Corporation, 3M, Medline Industries, LP, Paul Hartmann AG, MPM Medical, Inc., Cardinal Health, Dermarite Industries, and Baxter International among others.