The global medical adhesive tapes market is currently valued at US$ 9.3 billion and is projected to account for a sales revenue of US$ 14.5 billion by the end of 2030. Demand for medical adhesive tapes is slated to increase steadily at a 5.7% CAGR over the next eight years.
China is anticipated to emerge as a highly opportunistic market for medical adhesive tapes across the forecast period owing to increasing investments in healthcare infrastructure development and the rising senescent population.
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Competitive Landscape
Medical adhesive tape companies are focusing on the expansion of their business scope through mergers, collaborations, acquisitions, and partnerships to strengthen their sales potential across the world.
- In April 2021, Meridian Adhesives Group, a global adhesion solution provider announced the acquisition of Pacific Adhesive Systems (PAS), a Malaysian company providing high-performance adhesive and coating solutions. Meridian strengthened its market stance in the global landscape through this acquisition.
- In December 2021, Boyd Corporation, a leading innovator of thermal management technologies announced the acquisition of MBK Tape Solutions, which is known for manufacturing innovative adhesive products for stick-to-skin applications. The acquisitions strengthened Boyd’s medical material science capabilities for various medical applications.
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Key Companies Profiled:
- Medtronic PLC
- Parafix Tapes & Conversions Ltd.
- Medline Industries
- Smith & Nephew plc
- Nichiban
- Avery Dennison Corporation
- Johnson & Johnson
- Paul Hartmann AG
- Nitto Denko Corporation
- Cardinal Health Inc.
- Scapa Group PLC
Segments of Medical Adhesive Tapes Industry Research
- By Resin Type :
- Acrylic
- Silicone
- Rubber
- Others
- By Backing Material :
- Paper
- Fabric
- Plastic
- Others
- By Adhesion :
- Single-sided
- Double-sided
- By Application :
- Surgeries
- Wound Dressings
- Splints
- Secure IV Lines
- Ostomy Seals
- Others
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Questionnaire answered in the Medical Adhesive Tapes Market report include:
- How the market for Medical Adhesive Tapes has grown?
- What is the present and future outlook of the global Medical Adhesive Tapes on the basis of region?
- What are the challenges and opportunities for the Medical Adhesive Tapes?
- Why the consumption of Medical Adhesive Tapes highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Medical Adhesive Tapes market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Medical Adhesive Tapes market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Medical Adhesive Tapes market and assists to create strategies to overcome the obstacles that may hinder the growth of the Medical Adhesive Tapes market.
- Leverage: The Medical Adhesive Tapes market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Medical Adhesive Tapes market.
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