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Healthcare Adhesive Tapes Market worth $37.3 billion by 2023

The healthcare adhesive tapes market is projected to grow at USD 37.3 billion by 2023, at a CAGR of 6.51%. The major factor driving the healthcare adhesive tapes market includes the increase in demand for surgeries, wound dressings, hygiene, transdermal drug delivery, and many others, owing to their advantages in many medical applications. https://www.marketsandmarkets.com/PressReleases/healthcare-adhesive-tape.asp

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Healthcare Adhesive Tapes Market worth $37.3 billion by 2023

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  1. Healthcare Adhesive Tapes Market worth $37.3 billion by 2023 The report "Healthcare Adhesive Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper, Fabric, Plastic), Application (Surgery, Hygiene, Wound Dressing, Secure Iv Lines, Ostomy Seal, Splint, Bandages, Diagnostic), and Region - Forecast to 2023" The healthcare adhesive tapes market 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.  View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  2. Introduction The major factor driving the healthcare adhesive tapes market includes the increase in demand for surgeries, wound dressings, hygiene, transdermal drug delivery, and many others, owing to their advantages in many medical applications. These adhesive tapes have wide acceptability due to factors such as low cost and easy availability, as compared to traditional medical procedures. They are also used for securing dressings, catheters, and infusion or drainage devices. It comes in a variety of lengths and widths that are designed to meet a wide range of bandaging needs.  The growth of the market is due to the increasing use of these tapes in wound care and for surgery in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  3. Scope of the report

  4. Recent Developments In July 2017, Cardinal Health (US) acquired Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business for USD 6.1 billion. This acquisition provides product offerings which are used across a wide range of applications in the healthcare industry. In May 2017, Avery Dennison acquired Finesse Medical, an innovator of healthcare products used in the management of wound and skin conditions. With a revenue of approximately USD 17.11 million over the last year, the company is a key supplier to global healthcare-product OEMs and also provides contract manufacturing and product development services. This acquisition will accelerate the achievement of Avery Dennison's long-term strategic and financial goals for industrial and healthcare materials segment In April 2017, Essity’s (Sweden) acquired BSN medical, a leading medical solutions company. The company develops, manufactures, markets, and sells products within wound care, compression therapy, and orthopedics. Through this acquisition, the company’s aim is to become leading provider of hygiene and health solutions, globally. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  5. Key Questions Addressed by the Report What are the mid-to-long-term impacts of the developments undertaken by the key players of the market? Are the manufacturers of healthcare adhesive tapes shutting down their plants because of the poor growth globally in a few applications? Which backing material has the potential to register the highest market share and because of which application? What is the upcoming application for healthcare adhesive tapes? What will be the future of the healthcare adhesive tapes market? View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  6. Key Participants The major vendors in the healthcare adhesive tapes market are 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 EssityAktiebolag (PUBL) (Sweden). Nitto Denko Corporation (Japan), is one of the largest healthcare adhesive tapes companies. This company has a strong global presence. It has a diversified product portfolio to cater to end-use industries according to their requirements. To sustain its dominating position, the company may enter into new industries and target new markets. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  7. On The Basis Of Region: “North America to account for the largest share of the healthcare adhesive tapes market during the forecast period” 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. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  8. About Us MarketsandMarkets™provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

  9. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. View Full Report : https://www.marketsandmarkets.com/Market-Reports/healthcare-adhesive-tape-market-175119477.html

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