Medical Adhesives Tape Market Regional Analysis:
North America Market Insights
North America industry is predicted to hold largest revenue share of 37% in the medical adhesives tape market over the assessed period. The region’s leadership is attributed to the rising cases of surgical procedures and road accidents. In this regard, a 2024 NLM study concluded that each 1 in 9 people living in the households of the U.S. had at least 1 surgery in the previous year. Additionally, the average number of emergency department visits for traffic crash injuries in the U.S. was 3.8 million between 2019 and 2020 (NLM). In both scenarios, healthcare professionals deal with sustained lacerations, abrasions, or deep cuts, where MATs are used as the first line wound care commodity.
The U.S. is augmenting the market with the surging demand for cosmetic procedures and the aging population. According to the American Society of Plastic Surgeons, approximately 1.6 million, 25.4 million, and 1.0 million cosmetic surgical, minimally invasive, and reconstructive procedures were performed in the U.S. in 2023, respectively. In addition, every 1 in 5 citizens, aged 65 and over, in this country undergone minimum 1 surgery in the past year, as per 2024 NLM report. This demography testifies to the nation’s significance in generating notable revenue for the regional landscape, attracting global pioneers to participate.
APAC Market Insights
The Asia Pacific medical adhesives tape market is estimated to be the second largest shareholder, registering 25% by 2035 with a remarkable CAGR. The region has a rapidly aging population, leading to a higher prevalence of age-related health conditions and chronic diseases. According to the United Nations report, 58.5% of the world’s older citizens were living in Asia in 2022. Surgical interventions are often required to address these conditions resulting in a greater need for MATs 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 in this sector.
Japan presents a large consumer base for the market, owing to the large patient pool. In 2023, the number of habitats aged 65 and over across the nation was 36.2 million, accounting for 33.3% of the total population, as per the World Economic Forum. Thus, the country is pushing the capabilities and territory of clinical discoveries to cope with the growing demand and expand the field of application in this sector. On this note, in February 2024, researchers at Kyushu University, in collaboration with Nitto Denko, created a new adhesive tape that can easily stick 2D materials from various surfaces. This innovation showed potential of utilization in anti-cancer drug delivery and medical imaging.
