Global Medical Tapes Market Size, Share, Forecast Report, 2019-2025

The global medical tapes market is projected to reach USD 23.64 billion by 2025, while experiencing a significant CAGR of 4.83% during the forecast period. Factors driving the industry growth include; rising number of surgeries, increasing prevalence of accidents and trauma cases, and rising incidence of wounds, burns, and injuries. In addition, increasing research and development activities along with rising ageing population is further expected to fuel the market growth.

Medical tapes, also known as surgical tapes are commonly used in variety of applications such as wound care, and injuries among others. These tapes are available in different widths, lengths, and styles as per skin sensitivity needs. The ease of availability and technological advancements in medical tapes, such as adhesives tapes, waterproof tapes and among others is also creating a great demand for medical tapes market. Besides, prominent healthcare players are ensuring patient’s safety and satisfaction along with developing less expensive medical tapes, which is further expected to impel the market growth during 2019-2025.

Medical Tapes:  Increasing innovation in medical tape aids in improving patient’s safety

Medical tape is an expanding product category that’s used on virtually everyone. Advances in adhesive technology have led to a wave of new securement technologies enabling improvement in patient’s comfort along with addressing infection control concerns. The adhesive-backed strip effectively secures medical dressings, and allows doctors to dress the patient’s injured areas using the fix amount of tape needed for a given procedure. Additionally, technological advancements in manufacturing process have also resulted in rapid rise in the demand for medical tapes. Companies are using and designing different adhesives and backing materials based on job function and skin environments. Breathable and skin-friendly acrylic adhesive in medical tapes adhere to moist or dry skin thus. It facilitates in the transmission of moisture and oxygen, minimizing the risk of skin softening or maceration.

Global Medical Tapes Market – Regional Insight  

Geographically, the global medical tapes market is segmented into North America, Asia-Pacific (APAC), Europe, Middle East and Africa, and Central & South America. North America dominated the medical tapes market in 2018, owing to the rapid increase in geriatric population in the region. However, Asia-Pacific is likely to emerge as the fastest growing region during the forecast period. Emerging economies, favorable market dynamics, improving healthcare infrastructure, and growing prevalence of chronic wounds are the factors primarily driving the industry growth in the region.

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

• Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
• Interacting with key opinion leaders of the market and developing data points based on interaction with them
• Study of past trends in the market and their year on year impact on the market size and share
• Analyzing the collected data points
• Bridging the data points to calculate the total medical tapes market and its various segments
• Anticipating potential risks
• Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the medical tapes market
• Finalizing the overall size and share for the global medical tapes market.

 The years used for the assessment are as follows;

• Historic period: 2015-2017
• Base Year: 2018
• Forecast period: 2019 – 2025

OBJECTIVES:

• To classify the global medical tapes market into segments and analyze their growth prospects individually.
• To analyze market trends, opportunities, drivers and restraints associated with the medical tapes market.
• Profiling key companies operating in the global medical tapes market.
• To study market response with respect to the mergers and acquisitions in the industry.