Global $8.76 Billion Medical Adhesive Tapes Market to 2022
DUBLIN, September 5, 2017 /PRNewswire/ --
The "Medical Adhesive Tapes Market by Type (Acrylic, Silicone, Rubber), Backing Material (Paper, Fabric, Plastic), Application (Surgeries, Wound Dressings, Secure IV Lines, Splints, Ostomy Seals) - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global medical adhesive tapes market is estimated at USD 6.64 Billion in 2017, and is projected to reach USD 8.76 Billion by 2022, at a CAGR of 5.69% from 2017 to 2022
The demand for medical adhesive tapes has been increasing rapidly in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals, among others. The rising number of surgeries and high demand for medical products in the Asia Pacific are the key factors contributing to the growth of the medical adhesive tapes market.
The medical adhesive tapes market is segmented based on resin type into acrylic, silicone, and rubber medical adhesive tapes. The silicone medical adhesive tapes segment is expected to grow at a higher CAGR during the forecast period, 2017 to 2022. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market in the medical sector. These medical adhesive tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. However, research and development is required to broaden the use of silicone medical adhesive tapes in varied applications.
The medical adhesive tapes market is segmented based on backing material into paper, fabric, and plastic, among others. The paper segment is expected to grow at the highest CAGR during the forecast period from 2017 to 2022. Fabric is the largest and paper is the fastest-growing segment globally. Paper medical adhesive tapes are also referred to as micropore tapes due to the pores in the backing material. These tapes provide excellent comfort as compared to fabric medical tapes; as a result, find significant applications for elderly patients.
The medical adhesive tapes market is segmented based on application into surgeries, wound dressings, secure IV lines, splints, ostomy seals, and others. The secure IV lines segment is expected to grow at the highest CAGR during the forecast period, 2017 to 2022. Recent advancements in medical technology are propelling the growth of the medical adhesive tapes market and creating opportunities for manufacturers for the development of new products for emerging applications.
The Asia Pacific medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand for medical adhesive tapes from economies of the Asia Pacific region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. The robust demand in the Asia Pacific is a major driving factor in the global medical adhesive tapes market. China is expected to lead the demand for medical adhesive tapes due to increased industrial production. It is also among the largest consumers of medical adhesive tapes at the global level.
The growth of the medical adhesive tapes market is restrained by the increasing pricing pressure on market players. Advanced and active wound care products are expected to cannibalize the market for medical adhesive tapes in the coming years considering their effectiveness, coupled with the limitations of basic/traditional wound dressings.
Key players operating in the medical adhesive tapes market include 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Medical Adhesive Tapes Market, By Backing Material
7 Medical Adhesive Tapes Market, By Resin Type
8 Medical Adhesive Tapes Market, By Application
9 Medical Adhesive Tapes Market, By Region
10 Competitive Landscape
11 Company Profiles
- 3M Company
- A.M.G. Medical Inc.
- Adchem Corporation
- Avery Dennison Corporation
- Cct Tapes
- Dermamed Coatings Company, Llc
- Dermarite Industries, Llc.
- Gergonne - the Adhesive Solution
- Jiangsu Nanfang Medical Co., Ltd.
- Johnson & Johnson
- Libatape Pharmaceutical Co., Ltd.
- Lohmann Gmbh & Co.Kg
- Mactac, Llc
- Medline Industries, Inc.
- Medtronic Plc
- Mercator Medical S.A.
- Nichiban Co., Ltd.
- Nitto Denko Corporation
- Paul Hartmann Ag
- Pinnacle Technologies
- Scapa Group Plc
- Seyitler Kimya San. Inc.
- Smith & Nephew Plc
- Sterimed Medical Devices Pvt. Ltd.
- Wuxi Beyon Medical Products Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/8j3rp7/medical_adhesive
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