Medical Tape Market size was estimated at $16,109.8 Million in 2019 and is expected to reach $20,357.9 Million by 2027, growing at a CAGR of 3.4% during the forecast period of 2020 to 2027.
Medical tape is defined as a type of adhesive tape that is sensitive to pressure and is mainly used to dress wounds or hold bandages together they are also sometimes used to secure surgical tubing to a patient and hold drips in place. It is mostly used by medical personnel, or patients or even in regular households and is one of the basic necessities in homes in first aid kits and doesn’t require any special skills. A rise in the medical tapes market is seen worldwide, due to the concern for patient safety among clinicians, and an increasing number of incidences in the hospital-acquired infections which is essentially the infection caught by staying in or from the hospital, with the growing industrial development, wounds and cuts are pretty common, leading to a rise in medical tapes market. There is an increase in demand for medical tape as there is an increase in trauma that comes into hospitals as well as urgent care such as ambulances needing to help people in accidents. Also, the increasing amount of accidents that happen regularly is increasing the demand for tape in order to stop blood loss in patients on the way to the hospital.
However, there is an increasing incidence of medical adhesive related injuries caused on the skin, and an introduction to alternative treatments for such injuries, and a lack of guidelines regarding the perfect selection and medical tapes usage has caused a hindrance in the growth of it market.
Opportunities include increasing awareness regarding the use of medical tapes for securement among physicians, patients, and rising incidence of wounds, burns, and injuries.
Segmentation Analysis
Medical Tapes Market Competition
Growth in the global medical tapes market is primarily driven by increasing incidence of hospital acquired infections, increasing innovation, product line extensions from manufacturers, concern about patient safety among clinicians, and development of single patient use tapes. Based on product type, the global medical tapes market has been categorised into elastic tapes, adhesive tapes, silicone tapes, silk cloth tapes, and paper tapes, of which the silicone tapes segment is anticipated to be the fastest growing segment over the next few years. This is because of its increasing utility and safety among children and elderly patients. The silk cloth tapes segment is also expected to grow significantly alongside. On the basis of application, the medical tapes market has been classified into wounds and injuries, and surgeries and securement. Considering that wounds and injuries are an ascertained day-to-day occurrence among that is not age-specific, the demand for medical tapes is certain to remain undeterred, thus ensuring steep and sustained market growth. The wounds and injuries segment which has shown consistent patterns of growth is anticipated to retain its dominance in the coming years. However, the surgeries and securement segment is not far from generating that level of growth in demand either, for the utility of these tapes during surgery. On the basis of distribution channels, the market has been categorised into hospitals, ambulatory surgical centers, clinics, and homecare settings, of which the hospital segment happens to be the most preferred medium of medical tapes distribution and is expected to retain its dominance in the future.
However, the availability of advanced wound care products, development of medical adhesive related skin injuries, and lack of appropriate guidelines for the selection and use of medical tapes in various regions across the globe are factors probable factors in restraining revenue growth of the global medical tapes market.
Medical Tapes Market Competition
Key companies operating in this industry are 3M, Johnson & Johnson, Smith & Nephew, Medtronic, Nitto Medical, Cardinal Health, Henkel, Beiersdorf, Udaipur Surgicals, Medline Medical, Hartmann, Molnlycke, BSN, DYNAREX, McKesson, DUKAL, Winner Medical, PiaoAn Group, HaiNuo, 3L Medical, Nanfang Medical, Qiaopai Medical, 3H Medical, Huazhou PSA, Longer and Shandong Cheerain Medical.
Coverage Highlights
• Medical Tapes Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Tapes Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Medical Breathable PE Tape
• Medical Rayon Tape
• Easy-tear Non-woven Cloth Tape
• Zinc Oxide Adhesive Cloth Tape
• Waterproof Zinc Oxide Adhesive Cloth Tape
• Others
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Fixation
• Wound Dressing
• Others
Country (Revenue, USD Million, 2020 - 2027)
North America
• United States
• Canada
• Mexico
Asia-Pacific
• China
• Japan
• South Korea
• India
• Philippines
• Malaysia
• Australia
• Rest of Asia Pacific
Europe
• Italy
• Spain
• France
• UK
• Germany
• Belgium
• Netherlands
• Switzerland
• Russia
• Rest of Europe
South America
• Brazil
• Peru
• Chile
• Rest of South America
The Middle East and Africa
• Iran
• Israel
• Saudi Arabia
• Turkey
• Africa
Medical Tapes Market Companies
• 3M
• Johnson & Johnson
• Smith & Nephew
• Medtronic
• Nitto Medical
• Cardinal Health
• Henkel
• Beiersdorf
• Udaipur Surgicals
• Medline Medical
• Hartmann
• Molnlycke
• BSN
• DYNAREX
• McKesson
• DUKAL
• Winner Medical
• PiaoAn Group
• HaiNuo
• 3L Medical
• Nanfang Medical
• Qiaopai Medical
• 3H Medical
• Huazhou PSA
• Longer
• Shandong Cheerain Medical
