Medical Adhesives Tape Market Share

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.