Avery Dennison Corporation (US) and The 3M Company (US) are the Key Players in the Medical Adhesive Tapes Market

The medical adhesive tapes market is expected to reach USD 8.76 billion by 2022, at a CAGR of 5.69% between 2017 and 2022. Medical adhesive tapes are pressure-sensitive adhesive tapes used in the medical field to either directly secure a wound or to secure/stabilize medical material such as dressings, catheters, tubes, or other small instruments. Thus these tapes are useful for several applications, such as surgeries, wound dressings, splints, secure IV lines, ostomy seals, and others.
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Some of the leading manufacturers of medical adhesive tapes include 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others.

Avery Dennison Corporation (US) is a highly active key player in the medical adhesive tapes market. The company offers products under categories, such as single-coated medical tapes, double-coated medical tapes, medical transfer tapes, self-wound medical tapes, negative pressure wound therapy drapes, surgical drapes, and films. Mergers & acquisitions was the only strategy adopted by the key player Avery Dennison Corporation (US) and accounted for the largest share of all the developmental activities that took place in the medical adhesive tapes market between 2014 and 2017. This strategy has helped the company enhance its product portfolio and expand global presence. As a part of its inorganic growth strategy, the company focuses on expanding its presence in the European region. For instance, in 2017, Finesse Medical Ltd. has been acquired by Vancive Medical Technologies, an Avery Dennison business.

The 3M Company (US) primarily offers a broad variety of products, including adhesives, bonding materials, coatings, and specialty materials, and holds the top position globally due to its strong product portfolio. The company manufactures customized solutions as per the requirements of industries and applications. 3M has leveraged its strong financial background and distribution network to expand its business in China and the US.

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