What Is The Size Of Global Medical Tapes Industry?
Global Medical Tapes market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Medical Tapes Market is largely driven by rise in Healthcare Acquired Infections, the increasing number of wounds, burns, injuries, and accidents reported at healthcare facilities, the availability of advanced products, and rising awareness among patients and physicians about the benefits of good-quality medical tapes.
The proper use of medical tapes, in compliance with the storage and usage guidelines issued by public health authorities across countries and regions, can reduce the spread of Healthcare Acquired Infections. Simple innovations like single-use, individually packaged medical tapes have proven to be especially effective in minimizing the risk of HAI.
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Businesses and individual scientific researchers are consistently active in making better-quality medical tapes. For instance, the Durapore Advanced Tapes by 3M, one of the key players in this market, has addressed three critical areas that make a medical tape successful. These areas/aspects include adhesion to tubing, adhesion to the skin in presence of moisture, and edge lift.
Despite moderate and steady growth, factors that limit the market’s potential include the lack of adequate guidelines on the use of medical tapes and the occurrence of Medical Adhesive Related Skin Injuries (MARSI). These injuries may fall into the categories of mechanical, dermatitis, and other types, and persist 30 minutes or more after the removal of the adhesive.
Global Medical Tapes market By Product Type
The Global Medical Tapes market is segmented by Product Type into Adhesive Tapes, Elastic Tapes, Silicone Tapes, Paper Tapes and Silk Cloth Tapes.
Silk cloth tapes accounted for the largest share of the market in 2022. However, the growing use of silicone tapes among children and elderly patients, owing to this category’s enhanced safety features, is expected to make it the fastest-growing category during the forecast period of 2022-2028.
Silk cloth tapes are strong and resilient. Moreover, its design allows it to leave minimal residue on the skin when removed. It also comes with several functional benefits. For instance, it can be torn according to the exact requirement without the help of scissors. Gently stroking the surface can maximize adherence.
Global Medical Tapes market By Application
The Global Medical Tapes Market is segmented by Application into Wounds & Injuries and Surgeries & Securement.
Application-wise, the Wound & Injuries segment is estimated to hold a significantly larger share than the Surgeries and Securement segment.
The use of medical tapes is more frequent in offering care for wounds and injuries. Medical tapes find thorough and consistent use in various stages of wound dressing. There are types of medical tapes available in the market that aid in minimizing pain during the process of recovery from wounds. The demand in this segment is also fueled by the growing instances of acute and chronic wounds.
Demand in the Surgeries and Securement segment is generated by the post-operative care needs. Tapes are also increasingly being used to attach wearable health-parameter tracking devices to the human body.
Global Medical Tapes market By Distribution Channel
The Global Medical Tapes market is segmented by Distribution Channel into Hospitals, Ambulatory Surgical Centers, Clinics and Homecare Setting.
Hospitals accounted for the largest share of the market in 2022 and is expected to retain dominance during the forecast period of 2022-2028.
Most people prefer hospitals when it comes to undergoing surgical procedures, resulting in a consistently increasing demand for medical tapes in this segment.
The resumption of elective surgical procedures, after the pandemic-induced restrictions, has helped the hospital segment to grow. Also, the increasing number of surgical procedures at an overall level is fueling growth.
Key Topics Covered in the Report
- Snapshot of the Global Medical Tapes Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Medical Tapes Market
- Historic Growth of the Overall Global Medical Tapes Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Medical Tapes Industry
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- COVID-19 Impact on the Overall Global Medical Tapes Market
- Future Market Forecast and Growth Rates of the Total Global Medical Tapes Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Medical Tapes Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Emerging Companies Mentioned in the Report
- Acera Surgical
- KitoTech Medical, Inc.
- Om Surgical
- First Medtrade Africa
- MedikaBazaar
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Medical Tapes and Consumable Manufacturers
- Medical Supply Marketplaces
- Public Health Departments
- Medical Device/ Consumable Startups
- MedTech Industry Investors/ VC Funds
- Medical Tape Raw Material Suppliers
- Healthcare Strategy Committees
- Associations Dealing With Infectious Diseases
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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