The healthcare adhesive tape market is projected to grow at a CAGR of 6.40% to reach US$13.777 billion in 2024 from US$9.496 billion in 2018.
Healthcare adhesive tapes are primarily designed for wound closure and for the fixture of medical devices and wearable sensors on the body. The demand for healthcare adhesive tapes is majorly driven by the rising number of injuries and accidents globally. Rising prevalence of wearable sensor technologies and the growing number of medical tests requiring the attachment of different medical devices and sensors on the body are the factors that are driving the healthcare adhesive tape market growth. Geographically, the North American and European regions are expected to have a substantial share in the market on account of early adoption of technology and high investment in healthcare. The Asia Pacific market will witness impressive growth during the forecast period due to rising population and growing healthcare sector in budding economies.
DRIVERS
Rising number of injuries and accidents globally.
Burgeoning adoption of wearable sensor technology in healthcare.
RESTRAINTS
Restricted use of these tapes due to prolonged use or high skin sensitivity.
INDUSTRY UPDATE
In January 2019, tesa SE expanded its productivity and R&D capacity in the Asia Pacific region with a total investment of $30 million.
The major players profiled in the Healthcare Adhesive tape market include 3M, tesa SE, Nitto Denko Corporation, AVERY DENNISON CORPORATION, Henkel Corporation, Scapa Group plc, Lohmann GmbH & Co.KG, GERGONNE GROUP., Parafix Tapes & Conversions Ltd., BSN Medical, and PAUL HARTMANN Limited.
Segmentation
The healthcare adhesive tape market has been analyzed through the following segments:
By Coating Technology
Solvent-based
Hot-Melt-based
Water-based
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
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