Medical Tapes Market Analysis (2020-2027)

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2. MEDICAL TAPES MARKET ANALYSIS(2020-2027) • Medical Tapes Market, By Product Type (Adhesive Tape, Elastic Tapes, Silicone Tapes, Paper Tape, Silk Cloth Tape), By Application (Wounds and  Injuries, Surgeries and Securement), By End User (Hospitals, ASCs, Clinics, Home Care Setting), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

3. Medical tapes, secure dressings and bandages onto a wound and hold catheters and drainage lines in place. Various these of medical tapes that find application in wound care include, adhesive tapes, elastic tapes, silk cloth tapes, silicone tapes, and paper tapes. Adhesive tapes allow air to circulate around the wound and keep it ventilated. Elastic tapes are smooth with high tensile strength, cushioned with elastic foam that provides for compression at difficult areas such as knees, elbows, and shoulders. Statistics: • The global medical tapes market is estimated to account for US$ 2,082.2 Mn in terms of value by the end of 2027.

4. Global Medical Tapes Market: Drivers • Increasing number of road accidents is expected to propel growth of the global medical tapes market over the forecast period. For instance, according to National Informatics Center, India recorded a total of 4, 67,044 road accidents in 2018. • Moreover, increasing cases of injuries is also expected to aid in growth of the market. For instance, according to Safe Work Australia, Australia recorded 107,335 work-related injuries in 2017-18.

5. Statistics: • Asia Pacific held dominant position in the global medical tapes market in 2019, accounting for 32.1% share in terms of Value, followed by North America and Europe, respectively

6. Figure 1. Global Medical Tapes Market Share (%), by Region, 2019

7. Global Medical Tapes Market: Restraints • Availability of advanced wound care products is expected to hinder growth of the global medical tapes market. The preference for advanced wound care methods such as negative pressure wound therapy, foam dressings, and antimicrobial dressings is increasing compared to conventional wound care methods.    • Moreover, increasing number of Medical Adhesive Related Skin Injury (MARSI) is also expected to limit growth of the market 

8. Global Medical Tapes Market: Opportunities • Increasing focus on quantifying gentleness through incorporation of innovative technologies is expected to offer lucrative growth opportunities for players in the market. Some of these adamants include: • Assessment and quantification of keratin content in skin through use of bicinchoninic acid (BCA), colorimetric detection and protein quantification assay

9. Trans-epidermal water loss method, which helps in assessment of number of layers of skin removed due to usage of medical tapes • Moreover, evaluation of potential stressors and skin types is also expected to aid in growth of the market. Manufacturers should focus on assessing potential stressors such as tension, flexion, friction and movement apart from skin fragility and on offering adequate provision of product to hospital staff in order to help choose the correct type of adhesive for each type of patients.

10. Statistics: • The global medical tapes market was valued at US$ 1,317.3 Mn in 2019 and is forecast to reach a value of US$ 2,082.2 Mn by 2027 at a CAGR of 5.9% between 2020 and 2027.

11. Figure 2. Global Medical Tapes Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

12. Market Trends/Key Takeaways • The demand for silicone tapes is high in the market as these tapes are soft and flexible and are ideal as skin adhesives. These tapes are used for traumatic dressings as they provide suitable environment for faster wound healing and protection from external influences such as bacteria and moisture enhancing patient quality of life. • Increasing cases of fall in the U.S. to augment growth of the market in North America. For instance, according to January 2018 factsheet of the World Health Organization, 20–30% of older people who fall suffer moderate to severe injuries such as bruises, hip fractures, or head trauma, in the U.S.

13. Global Medical Tapes Market: Competitive Landscape • Major players operating in the global medical tapes market include, 3M, Johnson & Johnson, Paul Hartmann AG., Scapa Group PLC, Andover Healthcare Inc., Ad Tape & Label, and Medtronic plc.   

14. Global Medical Tapes Market: Key Developments • Major players in the market are focused on launching new products to expand their product portfolio. For instance, in April 2019, 3M launched 3M Extended Wear Medical Transfer Adhesive, 4075. • Major players in the market are also focused on adopting M&A strategies to expand their produt portfolio. For instance, in August 2019, HARTMANN Group acquired Safran Coating, a developer of silicone coatings.

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