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According to Coherent Market Insights,The global medical tapes market is estimated to be valued at US$ 2,082.2 Mn by 2027. <br>
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MEDICAL TAPES MARKET ANALYSIS 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, urope,Asia Pacific,Middle East & Africa) - Size, Share,Outlook and Opportunity Analysis, 2020 - 2027
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. 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.
Figure 1.Global Medical Tapes Market Share (%), by Region,2019
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 • 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.
MarketRestraints • 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
Figure 2.Global Medical Tapes Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027
Market Trends • 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.
Competitive Section 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.
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