DUBLIN, May 3, 2019 /PRNewswire/ -- The "Healthcare Adhesive Tapes Market by Resin, Backing Material, Application, and Region - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The healthcare adhesive tapes market size is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period.
The growth of the market is primarily due to the increasing use of healthcare tapes in surgery, wound dressing, bandages, transdermal patches, and blister protection.
China continues to lead the market in APAC as well as globally. Recent advancements in medical technology are propelling the healthcare adhesive tapes and creating opportunities for the manufacturers to develop new products for emerging applications.
Furthermore, the rise in aging population and advancements in medical procedures will continue to drive the demand for healthcare adhesive tapes in the healthcare industry, including hygiene, drug delivery, wound care, splints, surgeries, and other applications.
Declining birth rates and very high diaper penetration rate in matured markets such as the US, Japan, and Western European countries has led to stagnant demand for hygiene products in these regions as the baby diaper segment is a major consumer of hygiene adhesive tapes.
The healthcare adhesive tapes market comprises major solution providers, such as 3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden).
The study includes an in-depth competitive analysis of these key players in the healthcare adhesive tapes market, with their company profiles, recent developments, and key market strategies.
Increase in the demand for plastic backing material from various applications in the healthcare industry is expected to fuel the demand for healthcare adhesive tapes
Plastic tapes include PET, PP, PU, PE, and these tapes allow air to reach the wound and moisture to evaporate. Their transparency makes them ideal in situations where constant monitoring of skin/dressing is needed.
Plastic healthcare adhesive tapes can also be solid (without pores), making them water-resistant. Plastic tapes are stronger than paper tapes and can hold heavy secure dressings, tubing, and can be used for related healthcare procedures.
Wound dressing is expected to be the fastest-growing application during the forecast period
A dressing is used by a doctor or patient to cover a wound to heal and keep it away from infection or complications. Dressings are designed in such a way that they come in direct contact with the wound. There are four types of wound dressings such as hydrocolloid, hydrogel, alginate, and collagen.
Healthcare adhesive tapes are used to keep these dressings intact for better wound healing. These tapes secure dressings onto a wound and hold catheters & drainage lines in place. They are conformable, soft and come with a strong adhesive quality ensuring safe use in critical taping solutions.
APAC to record the highest growth rate during the forecast period
The APAC healthcare adhesive tapes market is expected to register the highest CAGR during the forecast period, due to the rising demand for healthcare adhesive tapes from economies, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. China is expected to lead the demand for healthcare adhesive tapes due to the increased industrial production. It is also reportedly among the largest consumers of healthcare adhesive tapes at the global level.
The increasing number of cosmetic surgeries and developing healthcare infrastructure in the emerging countries are the other key factors that are expected to offer growth opportunities to the market players. To leverage the high growth opportunities for healthcare adhesive tapes in the emerging markets, manufacturers are strategically focusing on expanding their presence in China, India, and Japan.
Key Topics Covered
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Healthcare Adhesive Tapes Market
4.2 Healthcare Adhesive Tapes Market, By Resin Type
4.3 Healthcare Adhesive Tapes Market, By Backing Material
4.4 APAC Healthcare Adhesive Tapes Market, By Application and Country
4.5 Healthcare Adhesive Tapes Market, Developed vs Developing Countries
4.6 Healthcare Adhesive Tapes Market, By Country
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Growth in Surgical Procedures/Operations
220.127.116.11 Increasingly Aging Population
18.104.22.168 High Demand for Healthcare Adhesive Tapes in APAC
22.214.171.124 Rising Penetration of Disposable Hygiene Products
126.96.36.199 Stagnant Growth in the Baby Diaper Segment in Matured Markets
188.8.131.52 Growing Healthcare Sector in Emerging Markets
184.108.40.206 Rising Standard of Living
220.127.116.11 Increasing Awareness About Advanced Wound Care Products
18.104.22.168 Increasing Pricing Pressure on Market Players
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Overview and Key Trends
5.4.2 Trends and Forecast of GDP
22.214.171.124 Economic Outlook of the US
126.96.36.199 Economic Outlook of Germany
188.8.131.52 Economic Outlook of China
184.108.40.206 Economic Outlook of India
6 Healthcare Adhesive Tapes Market, By Resin Type
6.2.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes
6.3.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market
6.4.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market
7 Healthcare Adhesive Tapes Market, By Backing Material
7.2.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes
7.3.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market
7.4.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties
8 Healthcare Adhesive Tapes Market, By Application
8.2.1 Ease of Use and Removal and Reduced Risk of Infection Offered By Healthcare Adhesive Tapes are Increasing Its Use in Surgeries
8.3 Wound Dressing
8.3.1 Use of Healthcare Adhesive Tapes in Wound Dressings Enable Better Wound Healing
8.4.1 Increasing Incidences of Fracture and Improved Medical Treatment Processes are Expected to Drive the Market in This Segment
8.5 Secure Iv Lines
8.5.1 APAC Market is Expected to Register the Highest CAGR in the Secure Iv Lines Segment
8.6 Ostomy Seals
8.6.1 Growing Awareness About the Use of Ostomy Care Products is Helping the Market Growth
8.7.1 Ease of Use and Removal, Reduced Risk of Infection, and Other Properties of Healthcare Adhesive Tapes are Driving the Market in the Hygiene Segment
8.8 Bandages, Transdermal Patches, and Blister Protection
8.8.1 Increasing Use of Healthcare Adhesive Tapes in Bandages for Varied Applications is Driving the Market
8.9 Diagnostic, Monitoring & Medical Devices, and Optical Care
8.9.1 Increasing Demand for Self-Testing Kits for Blood Glucose Monitoring and Laboratory Test Kits is Likely to Drive the Market
8.10 Other Applications
8.10.1 Burn Injury Treatment
8.10.2 Sport Related Fatalities
9 Healthcare Adhesive Tapes Market, By Region
9.2 North America
220.127.116.11 High Demand for Medical Products in the Country is Expected to Drive the Market
18.104.22.168 Advanced Healthcare Procedures Majorly Consume Healthcare Adhesive Tapes in Canada
22.214.171.124 Mexico is Expected to Register the Highest CAGR During the Forecast Period
126.96.36.199 Strong Economy and Healthcare Infrastructure are Spurring the Demand in the Country
188.8.131.52 Government's Efforts to Promote Medical Industries is Expected to Drive the Demand for Healthcare Adhesive Tapes
184.108.40.206 Government Support for Medical Research is Boosting the Market
220.127.116.11 Stringent Regulations on Voc Content and Growing Awareness About Hygiene are Increasing the Demand for Healthcare Adhesive Tapes
18.104.22.168 Increasing Awareness of Hygiene Products is Augmenting the Demand for Healthcare Adhesive Tapes
22.214.171.124 Growing Aging Population is Expected to Drive the Market
126.96.36.199 Health Awareness, Changing Lifestyle, and Insurance Schemes are Expected to Drive the Market
9.3.8 Rest of Europe
188.8.131.52 Demographic and Economic Factors are Collectively Impacting the Market in China
184.108.40.206 as an Investor-Friendly Market, India Provides Huge Opportunities for Healthcare Adhesive Tapes Manufacturers
220.127.116.11 Growing Aging Population is A Major Factor Increasing the Demand for Healthcare Adhesive Tapes
9.4.4 South Korea
18.104.22.168 Stringent Regulations Regarding Voc Emissions May Affect the Market Growth in the Country
22.214.171.124 Competitive Environment in the Healthcare Sector Offers Opportunities to the Healthcare Adhesive Tapes Manufacturers
126.96.36.199 Business-Friendly Policies, Government Support, and Increasing Wound Care Products Manufacturing are the Market Drivers in the Country
188.8.131.52 Availability of Cheap Labor and Raw Materials is A Growth Factor for the Market
9.4.8 Rest of APAC
9.5 South America
184.108.40.206 as an Attractive Market for New Investments, Brazil is Generating A Positive Impact on the Market Growth in the Region
220.127.116.11 Growing Population and Economy are Expected to Propel the Market
18.104.22.168 Country's Economic Growth and Openness to Global Trade are Favoring the Market Growth
9.5.4 Rest of South America
9.6 Middle East & Africa
22.214.171.124 Government Spending in the Healthcare Sector is A Governing Factor for the Market in the Country
9.6.2 Saudi Arabia
126.96.36.199 Growing Economy and Government Plans to Improve the Healthcare Sector are Boosting the Market
9.6.3 South Africa
188.8.131.52 Healthcare Sector is Influencing the Market Positively
9.6.4 Rest of Middle East & Africa
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Leader
10.5.1 Top Two Market Leaders
10.5.3 Cardinal Health
10.6 Competitive Scenario
10.6.1 Merger & Acquisition
10.6.2 New Product Launch
10.6.3 Investment & Expansion
11 Company Profiles
11.1 3M Company
11.2 Cardinal Health Inc.
11.3 Johnson & Johnson
11.4 Nitto Denko Corporation
11.5 Nichiban Co. Ltd.
11.6 Smith & Nephew PLC
11.7 Scapa Group PLC
11.8 Paul Hartmann AG
11.9 Avery Dennison Corporation
11.10 Essity Aktiebolag (Publ)
11.11 Medline Industries Inc.
11.12 Lohmann GmbH & Co. KG
11.13 Other Players
11.13.1 Mactac LLC
11.13.2 Adchem Corporation
11.13.3 Mercator Medical S.A.
11.13.4 Jiangsu Nanfang Medical Co. Ltd.
11.13.5 Dermamed Coatings Company LLC
11.13.6 Libatape Pharmaceutical Co. Ltd.
11.13.7 CCT Tapes
11.13.8 Seyitler Kimya San. Inc.
11.13.9 Gergonne - the Adhesive Solution
11.13.10 Dermarite Industries LLC
11.13.11 A.M.G. Medical Inc.
11.13.12 Sterimed Medical Devices Pvt. Ltd.
11.13.13 Pinnacle Technologies
11.13.14 Wuxi Beyon Medical Products Co. Ltd.
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