Development of healthcare sector in developing nations, the rise in geriatric population, and the increase in the number of operations have resulted in boosting the healthcare adhesive tapes market. 

The global healthcare adhesive tapes market is forecast to reach USD 43.00 Billion by 2026, according to a new report by Reports and Data. The increasing geriatric population, and rising number of operations in the healthcare sector are some of the primary factors spurring the growth of the market. Various other market factors are further boosting the growth of the market. One of such mentionable factor is the rising instances of accidents associated with rash driving and the rise in the number of accident emergency admissions. Applicability of this type of adhesive tapes is also witnessed in sports, where it is used as a non-slip wrapping on things that are needed to have enhanced grip like tennis racquets. The primary reason for the mentioned application of the tape is attributed to its traits like easy removability leaving minimal residue and rough texture. Such extensive application areas of the medical tape further propels the expansion of the market. 

The risk of contamination with Multidrug-resistant organisms (MROs) is a major concern with this type of medical tapes. For reducing the risk of infection in the wound on which it is applied, zinc oxide is added in the adhesive tapes, which is the reason for its white color. In regards to region, Asia Pacific is forecasted to witness the fastest growth rate during the forecast period. The expansion of the market in the Asia Pacific region, is the result of the growing healthcare sector, increasing expenditure in the healthcare industry, and rising awareness about first aid treatment.

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Market Dynamics:

According to the latest market research report by Reports and Data, the global pharma healthcare market is estimated to reach a market size of USD XX billion in 2028 from USD XX billion in 2020, registering a XX% CAGR during the forecast period. Steady revenue growth of the global pharma healthcare market is primarily driven by factors such as rising prevalence of chronic and acute diseases across the globe, rise in global geriatric population, growing awareness of health wellness among the population, and growing need for advanced healthcare services. Other key factors providing impetus to the global market revenue growth are increasing availability of next-generation diagnostic solutions and treatment options – especially in developing countries around the world – growing demand for advanced drugs and therapeutics, rise in research development activities in the pharmaceutical and biotechnology industries, increasing public and private investments in the healthcare sector, and rising healthcare expenditure of consumers.

Market revenue growth is further driven by factors such as rising cases of COVID-19 worldwide, rapidly rising hospital admission rates, growing demand for rapid COVID-19 diagnostic test kits, increased government spending on COVID-19 vaccine development, increasing adoption of telehealth and telemedicine worldwide, and growing need for remote patient monitoring for geriatric patients.   

Global Healthcare Adhesive Tapes Market Report: Regional Segmentation

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of Middle East Africa

Regional Overview of the Global Healthcare Adhesive Tapes Market:

The global Healthcare Adhesive Tapes market report covers the key regional markets including North America, Latin America, Asia Pacific, Europe, and the Middle East Africa. Under this section, the report highlights the major regions in the global Healthcare Adhesive Tapes market and discusses the regional market share, market size, revenue contribution, distribution channels, sales networks, and other key elements.

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Top Players in the Global Healthcare Adhesive Tapes Market:

• Johnson Johnson, 3M Company, Cardinal Health, Inc., Nichiban Co., Ltd., Nitto Denko Corporation, Scapa Group PLC, Smith Nephew PLC, Essity Aktiebolag (Publ), Avery Dennison Corporation, Paul Hartmann AG.

Further key findings from the report suggest

• The healthcare adhesive tapes market held a market share of USD 27.00 Billion in the year 2018 with a growth rate of 5.8% during the forecast period.
• In context of Resin Type, the Acrylic segment generated the highest revenue of USD 11.07 Billion in 2018 with a CAGR of 6.0% during the forecast period. The revenue generated by the Acrylic segment is consequential of its extensive application in the healthcare sector because of its traits like permeability, and breathable nature that contributes in the effective management of the moisture and enhanced adhesion properties on varied substrates.
• In regards to Backing Material, the Fabric segment yielded the highest revenue of USD 11.07 Billion in 2018 with a CAGR of 6.1% during the forecast period. Its traits like tear resistance, allow some passage for moisture air, a combination of breathable material and impermeability results in high preference as a backing material in medical tapes.
• In context to End-user, the Ambulatory Surgical Centers (ASC) segment is projected to witness the fastest growth rate of 7.0% during the forecast period, which is expected to occupy 11.0% of the market by 2026. The rising popularity of ambulatory healthcare services due to increasing occurrence of road accidents and other health conditions that require the immediate attention of care providers like myocardial infarction results in an increasing demand for the tapes in the Ambulatory Surgical Centers (ASC) segment.
• In context of Application, the Surgeries securement segment occupies a larger market share of 63.0% in 2018, with a CAGR of 5.4% during the forecast period. The rise in the number of geriatric population and the increasing number of operations associated with chronic conditions contribute to the market share occupied by the Surgeries securement segment.
• In regards to region, Asia Pacific is projected to witness the fastest CAGR of 6.9% during the forecast period, which is expected to occupy the third-largest market share of 25.0% by 2026. Factors like the growing healthcare sector, increasing expenditure in the healthcare industry, and rising awareness about first aid treatment are some of the contributing factors spurring the expansion of the market in this region.

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