Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8,724.1 Million | USD 11,825.3 Million | 5.2% | 2021 |
FrequentlyAsked Questions
With an increase in accidents and mishaps, there is a rising demand for medical adhesive tapes, which is propelling the market for these tapes. Similar to this, demand for medical adhesive tapes rises as more procedures and wound dressings are performed globally.
According to the report, the global medical adhesive tapes market was worth about 8,724.1 (USD million) in 2021 and is predicted to grow to around 11,825.3 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.2%.
In terms of both revenue and market share, North America dominates the market for medical adhesive tapes in 2021, and this trend is expected to continue. This is because modern technology has been introduced in this area. The dominance is linked to a rise in hospital admissions and an increase in the use of elective operations by the local population.
Some of the main competitors dominating the global medical adhesive tapes market include - Medtronic PLC , 3M Company , Avery Dennison Corporation , Medline Industries , Smith & Nephew plc , Johnson & Johnson , Paul Hartmann AG , Nichiban , Nitto Denko Corporation and Scapa Group PLC
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