Medical Tape Market Analysis

Global Medical Tape Market Overview

The Medical Tape Market Size was valued at USD 2.9 billion in 2022 and is projected to grow from USD 3.02 billion in 2023 to USD 4.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032). 

The rise in healthcare-acquired infections, the amount of surgeries performed, and the frequency of wounds and injuries are some of the key market drivers for medical tape that are fueling market expansion.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical Tape Market Trends

• Hospital and Surgery Facilities Are Expanding, Speeding Up Market Growth

The number of hospital admissions is anticipated to rise due to the rising prevalence of chronic diseases, particularly in the United States, the United Kingdom, China, and India. The market for medical tape is anticipated to expand as a result of this. For instance, Statista's 2021 data estimates that there were 6,090 hospitals overall in 2018, up from an astounding 5,724 in 2010. Furthermore, there are more inpatient hospitalizations, which is driving up the use of medical supplies. The resultant increase in tape adoption is anwounfticipated to boost the market's expansion. For instance, the Canadian Institute for Health Information reports that there were 3 million inpatient hospitalizations in Canada in 2021. 

Some of the main causes of an increase in chronic diseases and subsequent hospital admissions are the general population's obesity, increased stress levels, and trend towards a more sedentary lifestyle. According to projections, there will be an increase in the use of medical tapes, which will fuel market CAGR.

Additionally, the market for medical tape has changed from multipurpose speciality tape that can be used as an all-purpose tape to tapes that are expressly recommended for use in certain situations and on particular surfaces. Converting medicinal tapes is one such development. In order to meet the demands of patient care and specifically tailor its application for wound dressings, this technique modifies the tape's substance. An industry practice called "tape conversion" has led to the development of more advanced, targeted tape technologies and customized adhesives. It is crucial to convert tapes because each patient has different needs and problems. More tapes segments than just standard tape utility have emerged as a result of the tape conversion process. 

Additionally, it is anticipated that technological developments, such as Geckskin, developed by the University of Massachusetts Amherst, which is an adhesive-less layer based on draping adhesion working principle rather than viscoelasticity adhesion of traditional pressure-sensitive adhesives (PSA), will offer alternative solutions to support the growth of the medical tape market revenue.

Medical Tape Market Segment Insights

Medical Tape Product Insights

The Market segments of Medical Tape, based on product includes Fabric Tapes, Paper Tapes, Plastic Tapes and Others. The beverage segment dominated the market This is due to an increase in paper tape use in healthcare facilities including hospitals and clinics. The market is growing as a result of recent improvements in tape technology that have improved consumer demand for medical tapes. The low cost of paper tapes in comparison to other types of material tapes and improved patient compliance are other aspects contributing to this segment's dominance.

Figure 1: Medical Tape Market, by Product, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical Tape Application Insights

The Medical Tape Market segmentation, based on application, includes Surgery, Wound Dressing, Secure IV lines and Others. The wound dressing category generated the most income because of a rise in wound and sports injuries. The demand for medical tapes is supported by the expanding uses of medical tapes in wound care, such as securing bandages and dressings, as well as the growing emphasis of medical tape manufacturers on producing tapes for various stages of wound dressing.

Medical Tape End User Insights

The Market segmentation of Medical Tape, based on end user, includes Hospitals, Ambulatory Surgery Centers, Clinics and Others. The hospitals category generated the most income ascribed to an increase in surgical operations and regular surgeries performed by surgeons, which has led to an increase in the use of tapes. Due to the rising number of hospitals in developing nations like China, Japan, and India, the segment is also anticipated to increase at the quickest CAGR during the projection period.

Medical Tape Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific medical tape market area will dominate this market due to a big patient population, the existence of significant important players, the ease with which products can be obtained, the development of a well-resourced healthcare infrastructure, the prevalence of more R&D & innovation activities, and the increased acceptance of cutting-edge technologies.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: MEDICAL TAPE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe medical tape market accounts for the second-largest market share. The market is expected to expand over the course of the projected period due to an increase in surgical procedures driving up demand for medical supplies and consequently medical tape consumption. Further, the German market of medical tape held the largest market share, and the UK market of medical tape was the fastest growing market in the European region

The North America Medical tape Market is expected to grow at the fastest CAGR from 2023 to 2032. The dominance is linked to a rise in hospital admissions and an increase in the use of elective operations by the local population. For instance, according to a poll by the American Hospital Association, 34,078,100 of the 36,241,815 hospital admissions in 2021 were to community hospitals. The need for medical supplies is predicted to increase as a result of the increasing number of hospital admissions, which is further anticipated to boost market expansion. Moreover, US market of medical tape held the largest market share, and the Canada market of medical tape was the fastest growing market in the region.

Medical Tape Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the market of medical tape, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, medical tape industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global medical tape industry to benefit clients and increase the market sector. In recent years, the medical tape industry has offered some of the most significant advantages to medicine. Major players in the medical tape market attempting to increase market demand by investing in research and development operations include 3M Company, Ad Tape & Label Company, Inc., Andover Healthcare Inc., B. Braun Melsungen AG, Cardinal Health, Coloplast A/S, Dynarex Corporation, Integra Lifesciences Holdings Corporation, Jiangxi 3L Medical Products Group Co Ltd, Johnson & Johnson, McKesson Corporation, Medtronic plc, Paul Hartmann AG., Scapa Group PLC, Smith & Nephew PLC, Urgo Medical, and Winner Medical Group, Inc.

Manufacturer and supplier of industrial goods and services is 3M Co. The company's product line also includes advanced materials, display materials and systems, stationery and office supplies, home care, roofing granules, home renovation, closure and masking systems and others. Additionally, 3M provides a range of solutions for the medical, oral care, consumer health, food safety, and health information systems industries. Customers from a range of industries, including automotive, energy, electronics, health care, safety, and consumer, are served by it. 

In April 2021, there is now the 2484 3M Single Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner, according to 3M. The tape makes use of a brand-new class of silicone adhesives that are unique and aimed at maximizing comfort, strength, and flexibility. The tape is the best choice for use on delicate skin because it is breathable, allows for endurance of up to seven days, and removes the least amount of skin cells.

Developing, producing, and marketing medical devices for use in orthopaedic reconstruction and trauma, sports medicine, ENT, and advanced wound treatment are the core businesses of Smith & Nephew Plc (Smith & Nephew), a corporation in the medical technology sector. The business provides hip and knee implants to replace worn, sick, or injured joints, robotics-assisted technologies, and trauma-related goods to stabilise fractures and repair deformities. Additionally, it provides products for treating wounds and instruments for removing and repairing soft tissue. In April 2019, to expand its clientele and market reach, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. to hasten the development of its line of medical bandages and tapes.

Key Companies in the medical tape market include

• 3M Company


• Ad Tape & Label Company, Inc.


• Andover Healthcare Inc.


• Braun Melsungen AG


• Cardinal Health


• Coloplast A/S


• Dynarex Corporation


• Integra Lifesciences Holdings Corporation


• Jiangxi 3L Medical Products Group Co Ltd


• Johnson & Johnson


• McKesson Corporation


• Medtronic plc


• Paul Hartmann AG


• Scapa Group PLC


• Smith & Nephew PLC


• Urgo Medical


• Winner Medical Group, Inc.

Medical Tape Industry Developments

August 2021 Baby Tape Plus, a new product from B&B Medical Technologies for securing neonatal endotracheal tubes, was introduced. The tape has the CE mark and is a Class I device as described on the FDA website. The move underlines the business's focus on specialised tapes and efforts to build a brand presence in the market's cutthroat environment.

March 2021 The speciality adhesive tape converter BDK Industrial Products Ltd., based in the UK, has been acquired by ATP Adhesive Systems Group. A well-known producer of water-based adhesive tapes in Switzerland is ATP Adhesive Systems Group. Both businesses' market positions are strengthened as a result of the merger, which also enables them to provide more customised solutions to consumers.

Medical Tape Market Segmentation

Medical Tape Product Outlook (USD Billion, 2018-2032)

• Fabric Tapes


• Paper Tapes


• Plastic Tapes


• Others

Medical Tape Application Outlook (USD Billion, 2018-2032)

• Surgery


• Wound Dressing


• Secure IV lines


• Others

Medical Tape End User Outlook (USD Billion, 2018-2032)

• Hospitals


• Ambulatory Surgical Centers


• Clinics


• Others

Medical Tape Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America