North America to account for the largest share of the healthcare adhesive tapes market

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%. 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.

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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.

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

Major vendors in the healthcare adhesive tapes market include 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 Essity Aktiebolag (PUBL) (Sweden).

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Fabric is the most popular backing material used in the manufacturing of healthcare adhesive tapes

The healthcare adhesive tapes market size 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. The major factors driving the healthcare adhesive tapes market are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. Also, research institutions and various manufacturers are taking initiatives and making huge investments in R&D for the technological development of healthcare adhesive tapes, and the improvement of their properties for use in various applications.

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Fabric tapes have high strength, flexibility, and elasticity, which make them durable. Owing to their strength, these tapes are used for securing dressings, catheters, tubing, and other medical purposes. Their strength and elasticity make them useable on body areas such as the biceps, which expand and contract with movement. The fabric tapes are water resistant and come in a variety of widths, lengths, and styles which are designed to meet an assortment of bandaging needs. These tapes are comfortable and can be removed cleanly and painlessly and are also used for newborn babies. Owing to their fabric backing, doctors or surgeons can mark them with pens to tag surgical scrubs and other equipment. However, these tapes are not used in cases requiring frequent redressing due to their strong adhesion which may cause the skin to peel off.

North America to account for the largest share of the healthcare adhesive tapes market

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.

Major vendors in the healthcare adhesive tapes market include 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 Essity Aktiebolag (PUBL) (Sweden).

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APAC is expected to account for the largest market for Healthcare Adhesive Tapes

APAC has emerged as the leading consumer and producer of healthcare adhesive tapes. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, thereby increasing the production of healthcare adhesive tapes in the region. The market in APAC is mainly driven by China, which is the leading consumer of healthcare adhesive tapes, globally.

India is expected to be the fastest-growing healthcare adhesive tapes market in APAC during the forecast period. The Indian healthcare & hygiene sector is witnessing a phase of rapid transformation and growth, mainly driven by infrastructure development, changing lifestyle and buyers’ preferences. This is expected to drive the healthcare adhesive tapes market in the APAC region. Many international companies are investing in China and India to cater to the market demand.

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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. 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.

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.

Designed specifically for use in healthcare applications, adhesive tape bandages may be used on fragile or at-risk skin, as well as in moist skin environments. Air permeable, they allow outside air to penetrate and reach the underlying dressing or skin, creating a “breathable” healing and support solution. Transdermal drug delivery patches are used in therapeutic systems to deliver the drug at a controlled rate in a systematic circulation of discrete dosage by utilizing the passive diffusion of drugs when applied to the skin. These tapes deliver the infusion of the drug over a period of time and can be terminated any time by removing the patch. These tapes are similar to the wound tapes, flat and they consist active pharmaceutical ingredients and adhesives which deliver the drugs to the body via human skin.

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Key Market Players
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 Essity Aktiebolag (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.

Healthcare Adhesive Tapes Market Current Trends and Future Aspect Analysis 2019 – 2023

The market size of healthcare adhesive tapes is estimated 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. Healthcare adhesive tapes are pressure-sensitive adhesive tapes used in the healthcare field for either directly securing the wound or for the securement/stabilization of healthcare materials such as dressing, catheters, tubes, and others. The drivers of market are the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. On the other hand, the rising awareness about advanced wound care products is expected to restrain the growth of the healthcare adhesive tapes market during the forecast period. New advancement technologies in surgery application have driven the demand for healthcare adhesive tapes in North America and Europe.

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Healthcare adhesive tapes are generally used for the primary treatment of wounds by covering and securing to prevent bacterial infections, and to hold bandages in place. They are also used for securing dressings, catheters, and infusion or drainage devices. They come in a variety of lengths and widths that are designed to meet a wide range of bandaging needs. A broad range of materials are used to make healthcare adhesive tapes, including paper, plastics, fabrics, and foam. The major resin used to manufacture adhesive tapes is acrylic, rubber, silicone, and others.

The silicone segment in the market is projected to grow at a higher rate than the acrylic segment because of its better adhesion properties. Silicone-based tapes maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. These factors are expected to drive the demand for silicone resin. Silicone resin-based tapes have lower peel adhesion compared to synthetic, rubber, and acrylic tapes. These tapes are also widely used for fragile skin such as of infant babies and the elderly patients with comorbidities.

Fabric is the most popular backing material used in manufacturing healthcare adhesive tapes. Fabric healthcare adhesive tapes are highly demanded since they have high strength, toughness, good abrasion and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability. Owing to its strength, this tape is used for securing dressings, catheters, tubing, and wound dressing and for other medical purposes. Strength and elasticity make it suitable for areas on the body such as biceps which expand and contract with movement.

In terms of geographic coverage, the healthcare adhesive tapes market has been segmented into five regions, namely, APAC, North America, Europe, South America, and the Middle East & Africa. APAC is expected to record the highest growth rate during the forecast period. Increase in aging population, easy availability of low-cost labor, and economical & accessible raw materials such as adhesives, backing materials, and release liners are driving foreign investments, thereby increasing the production of healthcare adhesive tapes in the region. The key players are also tapping these opportunities by expanding their production capacity in the emerging Southeast Asian economies.

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New Product Development, Investment & Expansion, and Merger & Acquisition, to Expand their Presence in the Global Healthcare Adhesive Tapes Market.

The healthcare adhesive tapes market size 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. The major factors driving the healthcare adhesive tapes market are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. Also, research institutions and various manufacturers are taking initiatives and making huge investments in R&D for the technological development of healthcare adhesive tapes, and the improvement of their properties for use in various applications.

The major healthcare adhesive tapes vendors include 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 Essity Aktiebolag (PUBL) (Sweden). These players have adopted various growth strategies, such as new product development, investment & expansion, and merger & acquisition, to expand their presence in the global healthcare adhesive tapes market. Merger & acquisition has been the most dominating strategy adopted by major players between 2015 and 2018, which help them broaden their customer base.

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In-line with the rising demand for healthcare adhesive tapes, 3M (US) has been working to deliver efficient healthcare adhesive tapes products to various applications in the healthcare industry. This company operates through business segments such as Industrial, Safety and Graphics, Electronics & Energy, Health Care, and Consumer. The company offers healthcare adhesive tapes products which are used in application such as wound care dressing, diagnostic, surgical drapes, diapers, and others. In November 2018, the company launched a high-adhesion Durapore medical adhesive tape, designed to provide safe, reliable critical tube securement in challenging conditions such as high-moisture environments. Similarly, in August 2017, 3M added 3M 4076 Extended Wear Medical Tape to its portfolio. The product is nonwoven, long-term wear and an acrylic-based adhesive solution designed to increase patient comfort and provide a strong and reliable bond in challenging applications.

The second most active company in healthcare adhesive tapes is Cardinal Health (US). The US-based firm operates as an integrated healthcare service and products company. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. The company operates through two segments, Pharmaceutical and Medical. To enhance its market in the healthcare industry, in July 2017, the company acquired Medtronic’s Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency business for USD 6.1 billion. This acquisition provides more products which are used across a wide range of applications in the healthcare industry.

Related Reports:

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

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. 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.

Browse 93 market data Tables and 43 Figures spread through 155 Pages and in-depth TOC on “Healthcare Adhesive Tapes Market”

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Acrylic is estimated to be the largest resin segment in the healthcare adhesive tapes market during the forecast period.

The acrylic segment is expected to account for the largest market share during the forecast period because of its better adhesion properties to a variety of substrates. Acrylic adhesive tapes are designed with high or low tack and high or low peel strength. These tapes are permeable to moisture that is measured by the moisture vapor transmission rate (MVTR). Acrylic healthcare adhesive tapes release off from body or skin without leaving adhesive residue. These tapes are preferred for stick-to-skin application because of the breathable nature compared to rubber adhesive tapes.

Fabric to account the largest share as a backing material in the healthcare adhesive tapes market during the forecast period.

The fabric is the most popular backing material used in the manufacturing of healthcare adhesive tapes. Fabric healthcare adhesive tapes are high in demand as they have high strength, toughness, good abrasion, and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability. Owing to its strength, these tapes are used for securing dressings, catheters, tubing, and wound dressing and for other medical purposes.

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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.

Major vendors in the healthcare adhesive tapes market include 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 Essity Aktiebolag (PUBL) (Sweden).

Don’t miss out on business opportunities in Healthcare Adhesive Tapes Market. Speak to our analyst and gain crucial industry insights that will help your business grow.