Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Global Medical Adhesives Tape Market size was valued at USD 9.9 billion in 2024 and is likely to cross USD 20.86 billion by 2037, expanding at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dyspepsia drugs is estimated at USD 10.37 billion. The rising number of surgical procedures is primarily driving the medical adhesives tape market growth. On an annual basis, about 300 million surgical procedures are conducted worldwide, including for inpatients and outpatients. Medical adhesive tapes are used to close the surgical incision, lacerations, and other wounds. Moreover, these adhesions are particularly used in sensitive areas, where traditional closure methods may deteriorate the condition.
There is a growing emphasis on cost-effective healthcare solutions in the world. Medical adhesive tapes can offer economic advantages by reducing operative time, minimizing the need for additional resources such as sutures or staples, and potentially shortening hospital stays. This cost-saving aspect has contributed to the medical adhesives tape market growth. Furthermore, cases of road accidents result in severe wounds, which would increase the need for surgery and potentially drive the demand for medical adhesive tapes.
Global Medical Adhesive Tape Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Cases of Diabetes – Diabetes affected around 537 million persons in 2021. The total number of people suffering from diabetes is expected to climb to 643 million by 2030 and 783 million by 2045. Diabetes demands a continuous supply of insulin with the help of insulin pumps. This pump is attached to the body with the medical adhesive tapes.
- Surging Demand for Cosmetic Procedures- There has been increasing use of medical adhesive tape for the surging number of cosmetic procedures across the globe. As these tapes are placed over the scars after the treatment for a weeks in order to reduce the problematic scarring risk.
- Increasing Count of Ambulatory Surgical Centers– ASCs prioritize patient satisfaction and convenience which increases the use of medical adhesive tapes for wound closures. Medical adhesive tapes increase patient comfort by eliminating the discomfort associated with suture removal. It also aids streamline the post-operative experience, as patients may not require follow-up visits solely for suture removal.
- Rising Investment in Wound Care Management –Higher investment in wound care will increase the demand for medical adhesive tapes for better wound care management. Fibroheal Woundcare, biotechnology company in Bengaluru has received funding of approximately USD 245,000 from the Karnataka Government's venture fund Kitven to advertise the silk protein-grounded wound management remedy for all types of wounds, including chronic, acute, severe, and after-surgery wound.
Challenges
- Allergic Reaction of Body Towards Medical Adhesive Tapes – Some people may have allergic reactions or sensitivities to certain adhesive materials, which can limit their usage. So far, developing adhesives that are universally biocompatible and hypoallergenic is still a huge challenge and it is likely to hamper the medical adhesives tape market growth.
- High Cost of the Product
- Strict regulatory compliance
Medical Adhesives Tape Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.9% |
|
Base Year Market Size (2024) |
USD 9.9 billion |
|
Forecast Year Market Size (2037) |
USD 20.86 billion |
|
Regional Scope |
|
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Customize this ReportMedical Adhesive Tape Industry Regional Synopsis
North American Market Statistics
North America industry is predicted to hold largest revenue share of 37% by 2037. The growth of the medical adhesives tape market is due to rising cases of surgical procedures and road accidents. In 2021, around 2 million surgical procedures were performed in the United States. Moreover, a total of 35,766 fatal car accidents occurred on US highways in 2020. In road accidents, individuals may sustain lacerations, abrasions, or deep cuts. Medical Adhesive Tapes can be used to close these wounds, providing immediate wound closure and preventing further contamination.
APAC Market Analysis
The Asia Pacific medical adhesives tape market is estimated to be the second largest, registering a share of about 25% by the end of 2037. Moreover, the market in the Asia Pacific region is projected to grow by approximately 6 percent till 2037. The region has a large aging population, leading to a higher prevalence of age-related health conditions and chronic diseases. Surgical interventions are often required to address these conditions resulting in a greater need for medical adhesive tapes to support tissue repair, hernia fixation, wound closure, and others. Moreover, increasing disposable income in the region is increasing the focus on patient satisfaction. These trends are expected to increase the demand for high-quality medical care, including medical adhesive tapes in the region.
Companies Dominating the Global Medical Adhesives Tape Market
- Smith & Nephew plc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- 3M
- Medline Industries Inc.
- Paul Hartmann AG
- Cardinal Health
- Baxter International, Inc.
- Johnson & Johnson Services, Inc.
- Nitto Denko Corporation
- Lohmann GmbH & Co. KG
- Meridian Adhesives Group
In the News
- Meridian Adhesives Group announced the acquisition of Pacific Adhesive Systems a Malaysian company that provides high-performance adhesive and coating solutions to the electronics, semiconductor, and medical markets. With this acquisition, the Meridian plans to expand their adhesives, including the Medical Adhesive Tape segment.
- 3M announced the launch of a long-wear medical adhesive tape, 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. It is ideal for equipment that must be worn continuously, both inside and outside of care facilities. The new adhesive offers up to 21 days of cutaneous wear and adaptability.
Author Credits: Radhika Pawar
- Report ID: 5005
- Published Date: Dec 06, 2024
- Report Format: PDF, PPT
