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 major factors driving the healthcare adhesive tapes market are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. Also, research institutions and various manufacturers are taking initiatives and making huge investments in R&D for the technological development of healthcare adhesive tapes, and the improvement of their properties for use in various applications.
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Fabric tapes have high strength, flexibility, and elasticity, which make them durable. Owing to their strength, these tapes are used for securing dressings, catheters, tubing, and other medical purposes. Their strength and elasticity make them useable on body areas such as the biceps, which expand and contract with movement. The fabric tapes are water resistant and come in a variety of widths, lengths, and styles which are designed to meet an assortment of bandaging needs. These tapes are comfortable and can be removed cleanly and painlessly and are also used for newborn babies. Owing to their fabric backing, doctors or surgeons can mark them with pens to tag surgical scrubs and other equipment. However, these tapes are not used in cases requiring frequent redressing due to their strong adhesion which may cause the skin to peel off.
North America to account for the largest share of the healthcare adhesive tapes market
Various factors have contributed to the growth of the North American healthcare adhesive tapes market. These factors include the rising incidence of chronic wounds, increase in the number of elderly citizens, increasing patient awareness on wound care, aging population, and technological advancements in the healthcare industry. The surgical adhesive tapes application has witnessed steady growth along with an increase in orthopedic and trauma, neurosurgery, cardiovascular, and gastroenterology. The increasing number of orthopedic procedures in the US is driving the demand for bandages and healthcare adhesive tapes.
Major vendors in the healthcare adhesive tapes market include 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).
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