Medical Adhesive Tapes Market Trends

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 robust growth of healthcare sectors in emerging economies, fuelled by enhanced infrastructure, heightened investments, and increasing incomes, has significantly expanded access to healthcare services and enlarged the patient population.
  
• Moreover, the growing number of vehicles on the road, shifting traffic patterns, and factors such as distracted driving have contributed to a rise in road accidents. For instance, as per CDC’s report each year, approximately 1.35 million individuals worldwide lose their lives in traffic accidents indicating the need for products such as medical adhesive tapes that are used in management of injuries incurred during road accidents.