Healthcare Adhesive Tapes Market - Forecast(2024 - 2030)
Healthcare Adhesive Tapes Market Overview
The healthcare adhesive
tapes market size is forecast to reach US$11 billion by 2027 after growing at
a CAGR of 5.9% during 2022-2027. Healthcare adhesive tapes are pressure sensitive tapes that
ticks and remain in pace with form pressure. A wide variety of medical adhesive
tapes ranging from micropore
paper tape to waterproof
tape are used for several healthcare applications such as to attach
wound dressings or bandages to the skin around wounds, holding IV lines, adhere over incisions or amputations after surgery, and
tubing. The surgery application is exhibiting robust growth as a high number of
surgical procedures are being conducted globally and this is expected to
contribute to the growth of the market during the forecast period. For instance,
as per the data by OMICS International, the surgery market globally will reach
a volume of approximately 2.2 billion procedures by 2023. Furthermore, the healthcare
sector across the globe is expanding with increasing investment and this is
expected to influence the market’s growth during the forecast period. As per
the December 2021 data by European Commission, healthcare expenditure in Europe
grew in 2019 with Germany (11.7%) witnessing the highest expenditure relative
to GDP. The fluctuation in the prices of raw materials might hamper the
market’s growth during the forecast period.
COVID-19 Impact
The healthcare adhesive tapes market was negatively affected due to the COVID-19 pandemic. Disturbances in the form of supply chain scarcity and factory shutdown surfaced in the market. Market players had to adopt several measures to maintain a standard business operation amid the pandemic. Moreover, the low surgical activities amid the pandemic further hampered the market’s growth. As per the May 2020 report by surgeons.org, about 28.4 million elective surgeries got canceled or postponed globally in 2020 based on the disruption to hospital services due to the pandemic. The healthcare adhesive tapes market is projected to witness significant growth during the forecast period.
Report Coverage
The report: “Healthcare Adhesive Tapes Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Healthcare Adhesive Tapes Industry.
By Resin: Acrylic, Rubber, Silicone, Others.
By Type: Micropore Paper Tape, Cloth Tapes,
Plastic Tape, Waterproof Tape, Silk Tape, Transfer Tape, Others.
By Application: Wound Dressings, Surgery, Splint, Tubing,
Wearable Devices, Diagnostic Devices, Ostomy, Medical Electrode, Grounding
Pads, Hearing Aid Components, Protective Face Shields, Medical Device Assembly,
Others.
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China,
Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan,
Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina,
Colombia and Rest of South America), and RoW (Middle East and Africa).
Key Takeaways:
- Silicone resin dominated the healthcare adhesive tapes market in 2021. Silicone-based adhesive tapes come with high-temperature resistance, making them a robust choice in the market.
- Surgery application is projected to drive the growth of the market during the forecast. For instance, as per the October 2021 data by trade.gov, the healthcare sector in Italy will receive an investment of USD 1.64 billion in 280 hospitals to advance digitalization that includes applications in surgery units.
- The North American region is expected to witness the highest demand for healthcare adhesive tapes due to the increasing surgical activities in the region. For instance, as per the December 2021 report by Stanford University, surgery rates in the US rebounded rapidly in 2020 after the initial COVID-19 shutdown.
Figure: North American Healthcare Adhesive Tapes Market Revenue, 2021-2027 (US$ Billion)
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Healthcare Adhesive Tapes Market Segment Analysis - By Resin
Silicone resin dominated the healthcare adhesive tapes market in 2021. Silicone resin-based medical adhesive tapes come with several robust properties such as good resistance to bacterial growth, high heat resistance, waterproof, and repositionable, making them the go-to option in the market. Moreover, silicone adhesive tapes have lower peel adhesion compared to their counterparts such as acrylic and rubber-based adhesive tapes. Owing to such a diverse portfolio, market players are developing silicone-based adhesives tapes in the market. For instance, in December 2020, 3M Company launched its new advanced silicone adhesives, 3M Hi-Tack Silicone Adhesive Tapes to improve the lives of patients using wearable medical devices requiring longer wear times. Such development with silicone-based resin is expected to increase its demand during the forecast period.
Healthcare Adhesive Tapes Market Segment Analysis - By Application
The surgical application segment dominated the healthcare adhesive tapes market in 2021 and is growing at a CAGR of 6.4% during the forecast period. A wide variety of pressure sensitive tapes such as micropore paper tape to waterproof tape are used in several surgical procedures. These medical adhesive tapes are used to adhere over amputations or incisions after surgery to repel moisture and offer protection against infection. Moreover, similar adhesive tapes are utilized to attach wearable medical devices such as biofeedback devices or portable cardiac monitors which the doctor prescribes before or after surgeries to observe a patient’s vitals. The demand for surgical applications is increasing globally and this is expected to further drive the market’s growth during the forecast period. For instance, as per the December 2021 data by India Brand Equity Foundation, health-tech start-up Pristyn Care which specializes in secondary-care surgeries, increased USD 96 million in Series E funding. Similarly, as per the December 2021 journal by Lippincott Williams & Wilkins, approximately 3.6 million people in the US will be living with limb loss by 2050. Such growth in the surgical activities is expected to stimulate the demand for healthcare adhesive tapes in the market during the forecast period.
Healthcare Adhesive Tapes Market Segment Analysis - By Geography
The North American region held the largest market share in the healthcare adhesive tapes market in 2021, up to 32%. The high demand for healthcare adhesive tapes is attributed to the rising demand for surgical applications in the region. From micropore paper tape to waterproof tape, almost all types of healthcare adhesive tapes find their high use in the region’s surgical procedures. The demand for surgical applications is increasing in the region and this is projected to increase the demand for healthcare adhesive tapes in the forecast period. As per the December 2021 journal by Lippincott Williams & Wilkins, amputations will rise in the US in the coming years owing to increasing age and vascular disease. Similarly, as per the August 2020 report by hbr.org, the surgery backlog is growing in the US. Such growing activities in the surgical application is expected to increase the demand for healthcare adhesive tapes during the forecast period.
Healthcare Adhesive Tapes Market Drivers
Expanding healthcare sector will drive the growth of the market
Healthcare adhesive tapes ranging from micropore paper tape to waterproof tape are used in several medical applications such as wound dressings, surgery procedures, tubing, attaching wearable devices, and medical device assembly. The healthcare sector is expanding globally with increasing investment and R&D activities and this, in turn, is expected to drive the growth of the market. For instance, as per the October 2021 data by America's Debt Help Organization, total healthcare spending in America went past USD 4 trillion in 2020 out of which about USD 1.24 trillion accounted for expenditure on hospital services. Similarly, as per the data by European Commission, in 2019, healthcare expenditure was highest among the European Union Member States in Luxembourg (USD 6243.14 per inhabitant), Denmark (USD 6076.71 per inhabitant), and Sweden (USD 5721.52 per inhabitant). Such massive expansion in the healthcare sector globally is expected to bolster the use of healthcare adhesive tapes, thereby driving the growth of the market during the forecast period.
Increasing surgery application will drive the market’s growth
Surgery application has been an important factor in driving the demand for healthcare adhesive tapes in the last few years. A wide range of medical adhesive tapes finds their broad uses in surgical procedures such as attaching wearable devices prescribed by doctors before or after the surgery and adhering over incisions or amputations after surgery. The need for surgical application is increasing globally and this, in turn, is expected to drive the growth of the market. For instance, as per the 2021 Ambulatory Surgery Center Market report by Health Industry Distributors Association (HIDA), the ambulatory surgery market stood at USD 30-40 billion, and the shift in cardiac and musculoskeletal care to ambulatory settings is projected to expand the growth. Similarly, as per the data by the Australian Institute of Health and Welfare (AIHW), people admitted for requiring surgery within 30 days increased by 8.4% in 2020-21 compared to 2019-20. Such an increase in surgical application is expected to stimulate the higher use of healthcare adhesive tapes, driving the growth of the market during the forecast period.
Healthcare Adhesive Tapes Market Challenges
Fluctuation in the prices of raw materials might hamper the market’s growth
The market involves raw materials such as polyethylene and polyurethane which are petroleum derived materials. The prices of these raw materials are fluctuating due to the fluctuation in the price of petroleum and this might hamper the market’s growth. As per the stats by ourworldindata.org, in 2017, the crude oil price was recorded at USD 54.19 per barrel which increased to USD 64.21 per barrel in 2019. The oil price again lowered to USD 41.84 per barrel in 2020. Such fluctuations in oil prices created volatility in petroleum prices, thereby fluctuating the price of the raw materials. This fluctuation in the raw materials might affect the market’s growth during the forecast period.
Healthcare Adhesive Tapes Industry Outlook
Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the healthcare adhesive tapes market. Global Healthcare Adhesive Tapes top 10 companies include:
- Nitto Denko
Corporation
- 3M Company
- Medtronic
PLC
- Medline
Industries
- Avery
Dennison Corporation
- Scapa Group
PLC
- Paul
Hartmann AG
- Nichiban
- Johnson
& Johnson
- Smith & Nephew plc
- Others
Recent Developments
- In October 2020, Johnson & Johnson announced the acquisition of Momenta Pharmaceuticals, Inc. Through this acquisition, Johnson & Johnson aims expanded patient care in autoantibody-driven diseases.
- In November 2020, Medtronic Plc announced the acquisition of Medicrea International. Through this acquisition, Medtronic strengthened its spinal surgery portfolio.
- In June 2019, Nitto Denko Corporation launched transdermal patches Bisono Tape 2mg that contains a ?1 blocker. This new development allowed by the company allowed finer dose adjustment in atrial fibrillation treatment.
Relevant Reports
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LIST OF TABLES
1.Global Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)1.1 Acrylic Market 2023-2030 ($M) - Global Industry Research
1.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
1.2 Silicone Market 2023-2030 ($M) - Global Industry Research
1.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
1.3 Rubber Market 2023-2030 ($M) - Global Industry Research
1.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
2.Global Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
2.1 Paper Market 2023-2030 ($M) - Global Industry Research
2.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
2.2 Fabric Market 2023-2030 ($M) - Global Industry Research
2.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
2.3 Plastic Market 2023-2030 ($M) - Global Industry Research
2.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
3.Global Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 (Volume/Units)
3.1 Acrylic Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 (Volume/Units)
3.2 Silicone Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 (Volume/Units)
3.3 Rubber Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 (Volume/Units)
4.Global Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 (Volume/Units)
4.1 Paper Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 (Volume/Units)
4.2 Fabric Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 (Volume/Units)
4.3 Plastic Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 (Volume/Units)
5.North America Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)
5.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
5.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
5.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
6.North America Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
6.1 Paper Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
6.2 Fabric Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
6.3 Plastic Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
7.South America Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)
7.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
7.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
7.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
8.South America Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
8.1 Paper Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
8.2 Fabric Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
8.3 Plastic Market 2023-2030 ($M) - Regional Industry Research
8.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
9.Europe Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)
9.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
9.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
9.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
9.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
10.Europe Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
10.1 Paper Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
10.2 Fabric Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
10.3 Plastic Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
11.APAC Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)
11.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
11.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
11.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
12.APAC Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
12.1 Paper Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
12.2 Fabric Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
12.3 Plastic Market 2023-2030 ($M) - Regional Industry Research
12.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
13.MENA Healthcare Adhesive Tapes Market, By Resin Type Market 2023-2030 ($M)
13.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Breathable Nature of Acrylic Leads to Its Use in Healthcare Adhesive Tapes Market 2023-2030 ($M)
13.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Excellent Adhesion on Low Surface Energy Substrates is Driving This Segment of the Market Market 2023-2030 ($M)
13.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Properties Such as Strong Bonding and Long Durability in High Temperatures are Boosting the Rubber-Based Healthcare Adhesive Tapes Market Market 2023-2030 ($M)
14.MENA Healthcare Adhesive Tapes Market, By Backing Material Market 2023-2030 ($M)
14.1 Paper Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Eco-Friendliness of Paper Increases Its Use as A Backing Material for Healthcare Adhesive Tapes Market 2023-2030 ($M)
14.2 Fabric Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Durability of Fabric Healthcare Adhesive Tapes is A Governing Factor for the Market Market 2023-2030 ($M)
14.3 Plastic Market 2023-2030 ($M) - Regional Industry Research
14.3.1 Plastic Healthcare Adhesive Tapes are Water-Resistant, Which is One of Its Excellent Properties Market 2023-2030 ($M)
LIST OF FIGURES
1.US Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)2.Canada Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
3.Mexico Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
4.Brazil Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
5.Argentina Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
6.Peru Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
7.Colombia Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
8.Chile Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
9.Rest of South America Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
10.UK Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
11.Germany Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
12.France Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
13.Italy Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
14.Spain Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
15.Rest of Europe Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
16.China Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
17.India Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
18.Japan Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
19.South Korea Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
20.South Africa Healthcare Adhesive Tapes Market Revenue, 2023-2030 ($M)
21.North America Healthcare Adhesive Tapes By Application
22.South America Healthcare Adhesive Tapes By Application
23.Europe Healthcare Adhesive Tapes By Application
24.APAC Healthcare Adhesive Tapes By Application
25.MENA Healthcare Adhesive Tapes By Application
26.3 M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cardinal Health, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Johnson & Johnson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nitto Denko Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Nichiban Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Smith & Nephew PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Scapa Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Paul Hartmann AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Avery Dennison Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Essity Aktiebolag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Medline Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Lohmann GmbH & Co. Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)