Medical Adhesive Tapes Market Is Estimated To Reach US$ 14.5 Billion By 2030
By the end of 2030, the market for medical adhesive tapes, which is presently valued at US$ 9.3 billion, is expected to generate US$ 14.5 billion in sales. Over the next eight years, demand for medical adhesive tapes is anticipated to grow gradually at a CAGR of 5.7%.
A highly lucrative market for medical adhesive tapes is expected to expand in China over the course of the projected period as a result of rising investments in the construction of healthcare infrastructure and an increasingly elderly population.
In China, the market for medical adhesive tapes is expected to grow at a remarkable CAGR of over 10% during the forecast period, reaching an estimated worth of over US$ 3.3 billion by 2030.
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The Medical Adhesive Tapes market survey report recognizes and analyses emerging trends along with major drivers, challenges, and opportunities in the market. It also performs the analysis of the global market share, segmentation, revenue growth estimation, and geographic regions of the market. The report has been crafted after a thorough study of various key market segments like market size, latest trends, market threats & key drivers driving the market. Moreover, the market analysis in the universal Medical Adhesive Tapes report consists of a competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation, and revenue analysis till 2033
Key Companies Profiled
- 3M Company
- 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
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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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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