Global Medical Adhesive Tapes Market 2017-2021
About Medical Adhesive Tapes
Medical adhesive tapes, also known as surgical adhesive tapes, are used for closing wounds and holding bandages in place. They are available in a variety of widths, lengths, and styles and are designed to meet a wide range of bandaging requirements. Medical tape is an essential first aid product. Some medical adhesive tapes are prepared with zinc oxide to reduce the risk of infection. They are designed in a way that allows air circulation around the wound. Acrylic, silicon, rubber, PET (polyethylene terephthalate), PE (polyethylene) are various types of resins used in the preparation of medical adhesive tapes. Silicon resin usage is increasing due to increased applications in the stick-to-skin medical products.
Technavio’s analysts forecast the global medical adhesive tapes market to grow at a CAGR of 5.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global medical adhesive tapes market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of medical adhesive tapes from various derivative types.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Medical Adhesive Tapes Market 2017-2021
Technavio recognizes the following companies as the key players in the global medical adhesive tapes market: 3M, Johnson & Johnson Services, Scapa Group, NITTO DENKO CORPORATION, Smith & Nephew, and Medtronic.
Other Prominent Vendors in the market are: Adchem, AVERY DENNISON CORPORATION, CCT Tapes, DermaMed Coatings Company, GERGONNE INDUSTRIE, Jiangsu Nanfang Medical, LIBATAPE PHARMACEUTICAL, Lohmann, Mactac, Mercator Medical, NICHIBAN, Paul HARTMANN Medical, and Seyitler Kimya.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Shift to environment-friendly, green products. Developed countries such as the US, Canada, and Germany, emphasize the use of medical adhesive tapes as they are environment-friendly. These environment-friendly tapes are also known as green tapes and are either recyclable, biodegradable, or made from recycled materials. They do not contain harmful hydrocarbons or solvents. Bio-based medical adhesive tapes are increasingly becoming popular in developing countries such as India, Brazil, South Africa, and Indonesia.”
According to the report, one of the major drivers for this market is Flourishing medical tourism industry in APAC. The global medical tourism industry is growing in popularity, owing to the presence of skilled healthcare professionals and doctors and availability of low-cost treatments. This industry is expected to reach $8 billion by 2020. The outbound medical tourism originated primarily in the US due to the implementation of the US Patient Protection and Affordable Care Act, which opened avenues in the global medical industry.
Further, the report states that one of the major factors hindering the growth of this market is Increasing cost pressure on manufacturers. Identifying the suitable adhesive and backing material for an application is a crucial step. Standard acrylate-based tapes exhibit higher moisture resistance than silicone-based tapes and are used in medical applications that involve exposure to cleaning solutions or excessive secretions. The amount of adhesive and its concentration used in the manufacturing process should be carefully examined. Care should be taken during the initial mixing procedure and manual or automated circulation of the medical adhesive tapes. Factors such as the type of skin and age are the key factors that determine the price of these tapes.
3M, Johnson & Johnson Services, Scapa Group, NITTO DENKO CORPORATION, Smith & Nephew, Medtronic, Adchem, AVERY DENNISON CORPORATION, CCT Tapes, DermaMed Coatings Company, GERGONNE INDUSTRIE, Jiangsu Nanfang Medical, LIBATAPE PHARMACEUTICAL, Lohmann, Mactac, Mercator Medical, NICHIBAN, Paul HARTMANN Medical, and Seyitler Kimya.