The latest Medical Adhesive Tapes Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Medical Adhesive Tapes Market is valued at approximately USD 713.11 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029.
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Medical adhesive tapes are used to attach components to equipment such as diagnostic tools and other medical devices. The medical adhesive tapes offer features including porosity, water resistance, shear strength, and adhesive strength. The increasing prevalence of chronic diseases and related conditions, rising geriatric population, coupled with the surge in the number of surgical cases are the chief factors that are propelling the market demand across the globe.
The increasing number of road accidents and trauma cases is acting as one of the key driving factors for the growth of the market. For instance, according to the WHO, traffic-related fatalities in Thailand kill 22,941 people annually, or around 33% of all fatalities. Additionally, it was estimated that nearly 41,862 fatalities in Indonesia in 2018 were attributed to traffic accidents as per the WHO. Therefore, the increase in the use of medical adhesive tapes in accidents is anticipated to augment the market growth. Furthermore, introduction of innovative and advanced products, as well as rising strategic initiatives by the key players are leveraging various growth prospects over the forecasting years. However, stringent regulatory policies and increasing manufacturing costs stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Medical Adhesive Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rising public awareness, availability of advanced healthcare infrastructure, and presence of significant market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing number of diabetics, rise in surgical procedures, as well as the growing usage of wound dressing in the regional market.
Major market players included in this report are:
Smith & Nephew
3M
Medline Industries, LP
Paul Hartmann AG
Cardinal Health
Baxter International
Johnson & Johnson
Nitto Denko Corporation
Nichiban
Lohmann GmbH & Co. KG
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Type:
Acrylic
Silicone
Rubber
By Adhesion:
Single Coated
Double Coated
By Application:
Surgery
Wound Dressing
IV Lines
Others
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By End-User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Global Medical Adhesive Tapes Market Report:
- What is the projected size of the global Medical Adhesive Tapes market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Medical Adhesive Tapes industry?
- What are the major market trends that are affecting the expansion of the Medical Adhesive Tapes market?
- What obstacles must be overcome in order to achieve sustained growth in the Medical Adhesive Tapes market?
- What opportunities and threats do vendors in the global Medical Adhesive Tapes market face?
- What are the raw materials and manufacturing equipment used in the production of Medical Adhesive Tapes Market, and what is the manufacturing process?
- What are the different types and applications of Medical Adhesive Tapes Market, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Medical Adhesive Tapes market?
- What factors are driving the growth of the Medical Adhesive Tapes market in the top regions worldwide?
- Who are the major players in the global Medical Adhesive Tapes market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Medical Adhesive Tapes market?
- What are the main findings of a five forces analysis of the global Medical Adhesive Tapes market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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