Medical Tapes Market Size, Share, Growth, Forecast 2030

Medical Tapes Industry Prospective:

The global medical tapes market size was evaluated at $3010 million in 2022 and is slated to hit $9370 million by the end of 2030 with a CAGR of nearly 6.01% between 2023 and 2030.

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Medical Tapes Market: Overview

Medical tapes which are also referred to as surgical tapes are easily accessible in myriad forms for maintaining the safety of the bandages & dressings of various wounds. These medical devices are utilized for avoiding injuries occurring during sports events and for securing four drips that are utilized in medical treatment. Furthermore, they do not cause harm to the skin and allow air to pass through it. Various kinds of medical tapes are available and these include stretch tapes, elastic tapes, adhesive gauze tapes, clear tapes, zinc oxide tapes, and paper tapes. These tapes support injuries like torn ligaments and sprains for sportspersons. Moreover, athletes wear knee tapes to offer protection to injured parts of the body during sports events or even during practice matches.

Key Insights

• As per the analysis shared by our research analyst, the global medical tapes market is projected to expand annually at the annual growth rate of around 6.01% over the forecast timespan (2023-2030)
• In terms of revenue, the global medical tapes market size was evaluated at nearly $3010 million in 2022 and is expected to reach $9370 million by 2030.
• The global medical tapes market is anticipated to grow rapidly over the forecast timeline owing to a prominent surge in the occurrence of hospital-acquired infections, growing concerns pertaining to patient safety, and the launching of new products.
• In terms of product, the paper tapes segment is slated to register the highest CAGR over the analysis period.
• Based on the application, the wound dressing segment is set to dominate the application landscape over the forecast period.
• Based on the end-user, the hospital segment is anticipated to lead the segment over the projected period.
• Region-wise, the Asia-Pacific medical tapes industry is projected to register the fastest CAGR during the assessment timeline.

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Medical Tapes Market: Growth Factors

An increase in incidences of injuries will proliferate the expansion of the market across the globe over 2023-2030

A prominent surge in the occurrence of hospital-acquired infections, growing concerns pertaining to patient safety, and the launching of new products will steer the growth of the medical tapes market over the ensuing years. Apart from this, an increase in the level of awareness about the benefit and utility of medical tapes among both the doctors and patient population in medical treatment & medical contingencies will trigger the market growth over the forthcoming years.

Apparently, the rising cases of burns and injuries will elevate the growth of the global market over the years to come. An increase in the number of surgeries and ambulatory surgical units will boost the global market trends. Adoption of key business strategies such as product differentiation and new product launches by firms is likely to sketch a profitable roadmap for the market across the globe over the upcoming years. For instance, in January 2023, H.B. Fuller, a key supplier of adhesive tapes, declared that it would launch Swift®melt 1515-I, the first bio-compatible product for healthcare applications. Reportedly, in the first half of 2023, the 3M Company, a U.S.-based firm in the healthcare business, launched a new medical adhesive tape that sticks to the skin for four weeks and can be used with sensors, healthcare wearable, and healthcare monitors. Such strategic moves will boost the global market trends.

Medical Tapes Market: Restraints

Easy access to product alternatives and huge costs can put brakes on the global industry expansion

Easy availability of product substitutes such as new wound care products and high costs of medical tapes can prove to be detrimental to the expansion of the medical tapes industry across the globe. Apart from this, the easy availability of counterfeit products at low costs along with the lack of strict laws regulating the sale of such products in a few of the emerging economies across the globe can further impede the global market expansion.

Medical Tapes Market: Opportunities

Product innovations will pave the way for the demand for medical tapes over the coming years

Breakthroughs in tape technology along with the growing occurrence of injuries in sports events & road collisions have created new growth opportunities for the medical tapes market across the globe. The thriving healthcare sector in emerging economies can create new domains of growth for the market globally.

Medical Tapes Market: Challenges

Oscillation in raw component prices can prove to be a huge hurdle in the global industry surge over 2023-2030

Fluctuation in raw material costs can prove to be a huge challenge for the global medical tapes industry expansion in the upcoming years. Strict government laws pertaining to the use of the product in emerging economies can pose a big threat to the global industry in the ensuing years.

Medical Tapes Market: Segmentation

The global medical tapes market is sectored into product, application, end-user, and region.    

In product terms, the global medical tapes market is segregated into fabric tapes, plastic tapes, paper tapes, and others segments. Furthermore, the paper tapes segment, which accumulated nearly 40% of the global market revenue share in 2022, is predicted to record the fastest CAGR in the upcoming years. The growth of the segment in the forecasting years can be owing to a rise in the sale of the product in healthcare activities such as clinics, ambulatory surgical centers, and clinics. Reduced costs of paper tapes are likely to contribute significantly towards the segmental surge.

Based on the application, the global medical tapes industry is divided into surgery, wound dressing, secure IV Lines, and others segments. Furthermore, the wound dressing segment, which garnered approximately two-thirds of the global industry revenue share in 2022, is expected to be the application space in the upcoming years. The growth of the segment in the forecasting timeline can be credited to an increase in sports injuries and wounds. The growing need for medical tapes for wound dressing and the rise in the production of medical tapes in wound care will prompt the segmental surge.

Based on the end-user, the global medical tapes market is sectored into hospitals, ambulatory surgery centers, clinics, and others segments. Moreover, the hospitals segment, which accumulated a huge share of the global market in 2022, is anticipated to lead the global market expansion over the projected timeline. The segmental growth over the assessment timeline can be subject to a rise in the hospital admissions of patients for wound surgeries occurring due to sports injuries and injuries due to road accidents.

Medical Tapes Market: Report Scope

Medical Tapes Market: Regional Insights

Asia-Pacific is projected to maintain its global market domination over the projected timeframe

Asia-Pacific, which accounted for 41% of the global medical tapes market share in 2022, will be a leading region over the projected timeframe. Moreover, the regional market growth can be credited to the increase in the use of products in the healthcare sector in countries such as India, Malaysia, Vietnam, China, and Indonesia. The presence of a huge patient population base in these countries will proliferate the regional market size. Moreover, a surge in the presence of manufacturers in the sub-continent will prop up the scope of demand for the product in the Asia-Pacific zone. Countries such as India and China are likely to be the key regional revenue pockets.

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North American medical tapes industry is set to register the fastest CAGR in the next couple of years as a result of the availability of advanced healthcare facilities in countries such as Canada and the U.S. In addition to this, an increase in the research activities in the region will contribute majorly towards the growth of the industry in the region.

 Medical Tapes Market: Competitive Space

The global medical tapes market profiles key players such as:

• Andover Healthcare Inc.
• Integra Lifesciences Holdings Corporation
• Braun Melsungen AG
• Urgo Medical
• Smith & Nephew plc
• Medtronic Plc.
• The 3M Company
• McKesson Corporation
• Nichiban
• Paul Hartmann AG
• Scapa Group PLC
• Coloplast A/S
• Johnson & Johnson
• Winner Medical Group Inc.
• Jiangxi 3L Medical Products Group Co Ltd
• Medicine Industries
• Dynarex Corporation
• Ad Tape & Label

The global medical tapes market is segmented as follows:

By Product

• Fabric Tapes
• Paper Tapes
• Plastic Tapes
• Others

By Application

• Surgery
• Secure IV Lines
• Wound Dressing
•  Others

By End-User

• Hospitals
• Ambulatory Surgery Centers
• Clinics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa