The healthcare adhesive tapes market size has shown considerable growth in recent years. It will expand from $39.07 billion in 2024 to $41.92 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historical period can be attributed to increased medical procedures and surgeries, the rising aging population, an escalation in chronic diseases, regulatory compliance. The market size is forecasted to witness robust growth in the ensuing years, reaching $61.21 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The anticipated surge in the forecast period can be credited to factors such as increasing telemedicine and remote care, personalized medicine, home healthcare, emergency response, and a rising demand for geriatric care.
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What Are The Key Drivers Boosting The Growth of The Healthcare Adhesive Tapes Market?
The growing number of accidental cases due to heavy traffic is a significant factor propelling the growth of the healthcare adhesive tape market. Healthcare adhesive tapes, including bandages, gauze, and other dressings, are used to treat injuries caused by accidents. For instance, according to the World Health Organization, between 20 and 50 million people suffer non-fatal injuries annually due to road traffic accidents, with many incurring a disability as a result of their injury. Hence, the escalating number of accidental cases owing to heavy traffic is driving the growth of the healthcare adhesive tape market.
Which Are The Key Segments In The Global Healthcare Adhesive Tapes Market?
– By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
– By Backing Material Type: Paper, Fabric, Plastic, Other Backing Material Types
– By Application: Surgery, Wound Dressing, Splints, Secure IV Line, Ostomy Seal, Hygiene, Bandages, Transdermal Patches, and Blister Protection, Diagnostic, Monitoring and Medical Devices, and Optical Care, Other Applications
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Who Are The Major Players In The Healthcare Adhesive Tapes Market?
Major companies operating in the healthcare adhesive tapes market include 3M Company, Cardinal Health Inc., Nitto Denko Corporation, Johnson & Johnson, Paul Hartmann AG, Avery Dennison Corporation, NICHIBAN Co. Ltd., Smith & Nephew plc, Lohmann GmbH & Co. KG, Scapa Group plc, Medline Industries Inc., Essity Aktiebolag, Adchem Corporation, Dermamed Coatings Company LLC, Dermarite Industries LLC, Jiangsu Nanfang Medical Co. Ltd., Libatape Pharmaceutical Co. Ltd., Mactac LLC, Pinnacle Technologies Inc., Ad Tape & Label Company Inc., Ajit Industries Pvt. Ltd., DuPont de Nemours Inc., and others.
What Trending Innovations Are Impacting The Healthcare Adhesive Tapes Market?
Product innovation is a prominent trend shaping the healthcare adhesive tapes market. Major companies in the market are focused on launching new products to strengthen their position in the market. For example, in April 2022, 3M Inc., a US-based medical devices company, launched 3M spun lace extended wear adhesive tape on the liner, a healthcare adhesive tape with a unique pressure-sensitive acrylic adhesive used for up to 21 days.
Which Region Is The Largest And Fastest Growing In The Healthcare Adhesive Tapes Market?
North America was the biggest market for healthcare adhesive tapes in 2024, and Asia-Pacific is forecasted to be the fastest-growing region in the coming years. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Healthcare Adhesive Tapes Market Offer?
Healthcare adhesive tape is a pressure-sensitive tape that adheres well to the skin when firmly pressed. They are typically breathable for comfort and easy application. These tapes are mainly used to secure a bandage or other dressing on a wound. The Healthcare Adhesive Tapes Market offers a global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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