Medical Tape Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	128 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224149

Best Price Guarantee
Price	from $4,850
Length	128 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224149

Medical Tape Market

Growth Factors of Medical Tape Market

The medical tape market size was valued at USD 1.25 billion in 2023, and the market is now projected to grow from USD 1.30 billion in 2024 to USD 2.07 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2024-2032.

The outbreak led to a substantial drop in optionally available surgeries, with a 90% drop in undergoing elective surgical procedures. However, as hospitals and healthcare establishments adapted to COVID-19 mitigation recommendations, sufferers resumed treatment or rescheduled surgeries, resulting in a market rebound in 2021 and 2022. This recommencement for healthcare offerings has helped to guard healthcare experts and sufferers.

Chronic diseases inside the U.S., UK, China, and India are increasing health center admissions, main to an upward push in demand for medical tapes. The quantity of hospitals has risen from 5,724 in 2010 to 6,090 in 2018, boosting the adoption of medical consumables. The geriatric populace, extra at risk of chronic sicknesses, is likewise riding the market boom. Medical tourism in developed and developing countries is also driving the adoption of medical tapes in various procedures. Major market players are developing better tapes to provide affordable products, further driving medical tape market growth.

The medical tape market has evolved from multipurpose specialty tape to specific tapes for specific conditions and surfaces. Tape conversion has led to better technology and adhesive customization, addressing unique patient needs. Technological improvements like Geckskin, an adhesive-much less layer, and hypoallergenic materials are anticipated to reinforce marketplace increase. Antimicrobial homes and antimicrobial houses are also gaining recognition, selling wound recuperation and preventing infections.

Comprehensive Analysis of Medical Tape Market

Medical tapes market segments include paper, fabric, and plastic. Paper tapes are expected to dominate due to affordability and patient compliance, while plastic tapes are second due to their waterproof nature and long-term adhesive strength. Fabric tapes, like cotton, silk, polyester, and nylon, are expected to grow at a significant CAGR due to their use in wearable devices and stress electrocardiography procedures. The wound care segment holds the largest share, with increasing applications in wound bandages and dressings. Post-operative care is significant, with IV set placement registering a high CAGR due to wearable device attachment. The end-user segment is divided into hospitals & ASCs, clinics, and others. Hospitals & ASCs have a dominant share due to increasing procedures and surgeons, while clinics have a lower market share due to the impact of COVID-19 on the healthcare system.

The North America region lead the medical tape market share by benefitting a market size of USD 0.63 billion in 2023 due to increasing hospital admissions and elective procedures. The American Hospital Association reported 36,241,815 hospital admissions in 2021, with 34,078,100 community hospital admissions. This growth is expected to boost demand for medical consumables, further boosting the market's growth. The region's dominance is expected to continue in the forecast period.

Cardinal Health, 3M, Beiersdorf, Smith and Nephew, and McKesson Corporation are leading global suppliers due to their strong product portfolio and robust distribution channel. They focus on providing technologically advanced tapes, such as non-adhesive reusable tapes and cost-efficient range taping solutions. In April 2021, 3M introduced the 2484 3M Single Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner, focusing on strength, flexibility, and comfort. This tape is breathable, durable, and ideal for applications on fragile skin. The development aims to diversify specialty tapes and establish brand presence in the market.

H.B. Fuller Company launched Swiftmelt 1 515-1, a biocompatible adhesive for medical applications in India, the Middle East & Africa, specifically for microporous medical tape applications.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.9% from 2024-2032

Unit Value (USD Billion)

Segmentation By Material

Paper
Plastic
Fabric
Others

By Application

Post-Operative Care
Wound Care
IV Set Placement
Others

By End-user

Hospitals & ASCs
Clinics
Others

By Geography

North America (By Material, Application, End-user, and Country)
U.S. (By Material)
Canada (By Material)
Europe (By Material, Application, End-user, and Country/Sub-region)
U.K. (By Material)
Germany (By Material)
France (By Material)
Italy (By Material)
Spain (By Material)
Scandinavia (By Material)
Rest of Europe (Material)
Asia Pacific (By Material, Application, End-user, and Country/Sub-region)
Japan (By Material)
India (By Material)
China (By Material)
Australia (By Material)
Southeast Asia (By Material)
Rest of Asia Pacific (By Material)
Latin America (By Material, Application, End-user, and Country/Sub-region)
Brazil (By Material)
Mexico (By Material)
Rest of Latin America (By Material)
Middle East & Africa (By Material, Application, End-user, and Country/Sub-region)
GCC (By Material)
South Africa (By Material)
Rest of Middle East & Africa (By Material)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Number of Hospital Admissions, By Key Countries, 2023; 4.2. Number of Key Surgeries, By Region/Country, 2023; 4.3. New Product Launches, By Key Players; 4.4. Key Industry Developments (Mergers, Acquisitions, Partnerships etc.); 4.5. Impact of COVID-19 on the Market
5. Global Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 5.1. Market Analysis, Insights and Forecast – By Material; 5.1.1. Paper; 5.1.2. Plastic; 5.1.3. Fabric; 5.1.4. Others; 5.2. Market Analysis, Insights and Forecast – By Application; 5.2.1. Wound care; 5.2.2. IV set placement; 5.2.3. Post-Operative Care; 5.2.4. Others; 5.3. Market Analysis, Insights and Forecast – By End-user; 5.3.1. Hospitals & ASCs; 5.3.2. Clinics; 5.3.3. Others; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East & Africa
6. North America Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Material; 6.1.1. Paper; 6.1.2. Plastic; 6.1.3. Fabric; 6.1.4. Others; 6.2. Market Analysis, Insights and Forecast – By Application; 6.2.1. Wound care; 6.2.2. IV set placement; 6.2.3. Post-Operative Care; 6.2.4. Others; 6.3. Market Analysis, Insights and Forecast – By End-user; 6.3.1. Hospitals & ASCs; 6.3.2. Clinics; 6.3.3. Others; 6.4. Market Analysis, Insights and Forecast – By Country; 6.4.1. U.S.; 6.4.1.1. By Material; 6.4.2. Canada; 6.4.2.1. By Material
7. Europe Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Material; 7.1.1. Paper; 7.1.2. Plastic; 7.1.3. Fabric; 7.1.4. Others; 7.2. Market Analysis, Insights and Forecast – By Application; 7.2.1. Wound care; 7.2.2. IV set placement; 7.2.3. Post-Operative Care; 7.2.4. Others; 7.3. Market Analysis, Insights and Forecast – By End-user; 7.3.1. Hospitals & ASCs; 7.3.2. Clinics; 7.3.3. Others; 7.4. Market Analysis, Insights and Forecast – By Country/ Sub-region; 7.4.1. Germany; 7.4.1.1. By Material; 7.4.2. UK; 7.4.2.1. By Material; 7.4.3. France; 7.4.3.1. By Material; 7.4.4. Italy; 7.4.4.1. By Material; 7.4.5. Spain; 7.4.5.1. By Material; 7.4.6. Scandinavia; 7.4.6.1. By Material; 7.4.7. Rest of Europe; 7.4.7.1. By Material
8. Asia Pacific Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Material; 8.1.1. Paper; 8.1.2. Plastic; 8.1.3. Fabric; 8.1.4. Others; 8.2. Market Analysis, Insights and Forecast – By Application; 8.2.1. Wound care; 8.2.2. IV set placement; 8.2.3. Post-Operative Care; 8.2.4. Others; 8.3. Market Analysis, Insights and Forecast – By End-user; 8.3.1. Hospitals & ASCs; 8.3.2. Clinics; 8.3.3. Others; 8.4. Market Analysis, Insights and Forecast – By Country/ Sub-region; 8.4.1. India; 8.4.1.1. By Material; 8.4.2. China; 8.4.2.1. By Material; 8.4.3. Japan; 8.4.3.1. By Material; 8.4.4. Australia; 8.4.4.1. By Material; 8.4.5. Southeast Asia; 8.4.5.1. By Material; 8.4.6. Rest of Asia Pacific; 8.4.6.1. By Material
9. Latin America Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis, Insights and Forecast – By Material; 9.1.1. Paper; 9.1.2. Plastic; 9.1.3. Fabric; 9.1.4. Others; 9.2. Market Analysis, Insights and Forecast – By Application; 9.2.1. Wound care; 9.2.2. IV set placement; 9.2.3. Post-Operative Care; 9.2.4. Others; 9.3. Market Analysis, Insights and Forecast – By End-user; 9.3.1. Hospitals & ASCs; 9.3.2. Clinics; 9.3.3. Others; 9.4. Market Analysis, Insights and Forecast – By Country/ Sub-region; 9.4.1. Brazil; 9.4.1.1. By Material; 9.4.2. Mexico; 9.4.2.1. By Material; 9.4.3. Rest of Latin America; 9.4.3.1. By Material
10. Middle East & Africa Medical Tape Market Analysis, Insights and Forecast, 2019-2032: 10.1. Market Analysis, Insights and Forecast – By Material; 10.1.1. Paper; 10.1.2. Plastic; 10.1.3. Fabric; 10.1.4. Others; 10.2. Market Analysis, Insights and Forecast – By Application; 10.2.1. Wound care; 10.2.2. IV set placement; 10.2.3. Post-Operative Care; 10.2.4. Others; 10.3. Market Analysis, Insights and Forecast – By End-user; 10.3.1. Hospitals & ASCs; 10.3.2. Clinics; 10.3.3. Others; 10.4. Market Analysis, Insights and Forecast – By Country/ Sub-region; 10.4.1. GCC; 10.4.1.1. By Material; 10.4.2. South Africa; 10.4.2.1. By Material; 10.4.3. Rest of Middle East & Africa; 10.4.3.1. By Material
11. Competitive Analysis: 11.1. Global Market Share Analysis (2023); 11.2. Company Profiles; 11.2.1. Cardinal Health; 11.2.1.1. Overview; 11.2.1.2. Products & Services; 11.2.1.3. SWOT Analysis; 11.2.1.4. Recent Developments; 11.2.1.5. Strategies; 11.2.1.6. Financials (Based on Availability); 11.2.2. 3M; 11.2.2.1. Overview; 11.2.2.2. Products & Services; 11.2.2.3. SWOT Analysis; 11.2.2.4. Recent Developments; 11.2.2.5. Strategies; 11.2.2.6. Financials (Based on Availability); 11.2.3. Beiersdorf; 11.2.3.1. Overview; 11.2.3.2. Products & Services; 11.2.3.3. SWOT Analysis; 11.2.3.4. Recent Developments; 11.2.3.5. Strategies; 11.2.3.6. Financials (Based on Availability); 11.2.4. Smith and Nephew; 11.2.4.1. Overview; 11.2.4.2. Products & Services; 11.2.4.3. SWOT Analysis; 11.2.4.4. Recent Developments; 11.2.4.5. Strategies; 11.2.4.6. Financials (Based on Availability); 11.2.5. McKesson Corporation; 11.2.5.1. Overview; 11.2.5.2. Products & Services; 11.2.5.3. SWOT Analysis; 11.2.5.4. Recent Developments; 11.2.5.5. Strategies; 11.2.5.6. Financials (Based on Availability); 11.2.6. Medtronic PLC; 11.2.6.1. Overview; 11.2.6.2. Products & Services; 11.2.6.3. SWOT Analysis; 11.2.6.4. Recent Developments; 11.2.6.5. Strategies; 11.2.6.6. Financials (Based on Availability); 11.2.7. Medline Industries; 11.2.7.1. Overview; 11.2.7.2. Products & Services; 11.2.7.3. SWOT Analysis; 11.2.7.4. Recent Developments; 11.2.7.5. Strategies; 11.2.7.6. Financials (Based on Availability); 11.2.8. Avery Dennison Corporation; 11.2.8.1. Overview; 11.2.8.2. Products & Services; 11.2.8.3. SWOT Analysis; 11.2.8.4. Recent Developments; 11.2.8.5. Strategies; 11.2.8.6. Financials (Based on Availability); 11.2.9. Nichiban; 11.2.9.1. Overview; 11.2.9.2. Products & Services; 11.2.9.3. SWOT Analysis; 11.2.9.4. Recent Developments; 11.2.9.5. Strategies; 11.2.9.6. Financials (Based on Availability); 11.2.10. Paul Hartmann AG; 11.2.10.1. Overview; 11.2.10.2. Products & Services; 11.2.10.3. SWOT Analysis; 11.2.10.4. Recent Developments; 11.2.10.5. Strategies; 11.2.10.6. Financials (Based on Availability); 11.2.11. Nitto Denko Corporation; 11.2.11.1. Overview; 11.2.11.2. Products & Services; 11.2.11.3. SWOT Analysis; 11.2.11.4. Recent Developments; 11.2.11.5. Strategies; 11.2.11.6. Financials (Based on Availability); 11.2.12. Scapa Group PLC; 11.2.12.1. Overview; 11.2.12.2. Products & Services; 11.2.12.3. SWOT Analysis; 11.2.12.4. Recent Developments; 11.2.12.5. Strategies; 11.2.12.6. Financials (Based on Availability)