Medical Adhesives Tape Market Trends

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