The Medical Adhesive Tapes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Medical Adhesive Tapes Global Market Report 2024, The medical adhesive tapes market size has grown rapidly in recent years. It will grow from $8.26 billion in 2023 to $9.2 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to surgical procedures, aging population, increased chronic diseases, healthcare infrastructure, medical research and development.
The medical adhesive tapes market size is expected to see rapid growth in the next few years. It will grow to $13.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rising telemedicine, pediatric healthcare, infection prevention protocols, medical device adhesion, trauma and emergency care. Major trends in the forecast period include advanced wound care products, digital health monitoring, innovative adhesive technologies, biocompatible and skin-friendly materials, wearable health devices.
The rapid growth in surgical procedures/operations is significantly contributing to the growth of the medical adhesive tapes market. Surgical procedures or medical procedures involves an incision with instruments, performed to repair damage or to cure disease in a living body. Tapes such as surgical tapes and bandages are mainly used in pre- and post-surgery to control blood loss and to cure wounds. For instance, according to the Australian Institute of Health and Welfare, in 2021, the number of admissions for elective surgery from waiting lists was 9.6% higher than in 2020 in Australia. This increase in admissions was likely due to the greater level of restrictions in place for certain elective surgeries during 2020 in response to COVID-19. Therefore, the increasing general surgery workload drives the demand for growth of the medical adhesive tapes.
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The medical adhesive tapes market covered in this report is segmented –
1) By Type: Acrylic, Silicone, Rubber, Other Types
2) By Material: Paper, Fabric, Plastic
3) By Application: Surgery, Wound Dressing, Splints, Secure IV lines, Ostomy Seals, Other Applications
Technological advancements are shaping the medical adhesive tapes market. Technological advancement such as silicone adhesive is a discovery of knowledge that advances technology. For instance, in February 2023, 3M, a US-based manufacturer and distributor of products in the fields of electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets, launched 3M Medical Tape 4578. The tape’s ability to adhere to the skin for up to 28 days is a significant improvement over the previous industry standard of 14 days. This breakthrough in medical adhesive technology is designed for use with a wide range of health monitors, sensors, and long-term medical wearables, providing a more patient-centric model of care.
The medical adhesive tapes market report table of contents includes:
- Executive Summary
- Medical Adhesive Tapes Market Characteristics
- Medical Adhesive Tapes Market Trends And Strategies
- Medical Adhesive Tapes Market – Macro Economic Scenario
- Global Medical Adhesive Tapes Market Size and Growth
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- Global Medical Adhesive Tapes Market Competitive Benchmarking
- Global Medical Adhesive Tapes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Medical Adhesive Tapes Market
- Medical Adhesive Tapes Market Future Outlook and Potential Analysis
- Appendix
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