The latest trend gaining momentum in the market is Shift to environment-friendly, green products.
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The analysts forecast global medical adhesive tapes market to grow at a CAGR of 5.56% during the period 2017-2021.
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Developed countries such as the US, Canada, and Germany, emphasize the use of medical adhesive tapes as they are environment-friendly.
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These environment-friendly tapes are also known as green tapes and are either recyclable, biodegradable, or made from recycled materials. They do not contain harmful hydrocarbons or solvents.
Bio-based medical adhesive tapes are increasingly becoming popular in developing countries such as India, Brazil, South Africa, and Indonesia.
According to the medical adhesive tapes market report, one of the major drivers for this market is Flourishing medical tourism industry in APAC. The global medical tourism industry is growing in popularity, owing to the presence of skilled healthcare professionals and doctors and availability of low-cost treatments.
This industry is expected to reach $8 billion by 2020.
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The outbound medical tourism originated primarily in the US due to the implementation of the US Patient Protection and Affordable Care Act, which opened avenues in the global medical industry.
Major key players in the global medical adhesive tapes market: 3M, Johnson & Johnson Services, Scapa Group, NITTO DENKO CORPORATION, Smith & Nephew, Medtronic, Adchem, AVERY DENNISON CORPORATION, CCT Tapes, DermaMed Coatings Company, GERGONNE INDUSTRIE, Jiangsu Nanfang Medical, LIBATAPE PHARMACEUTICAL, Lohmann, Mactac, Mercator Medical, NICHIBAN, Paul HARTMANN Medical, and Seyitler Kimya.
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Further, the medical adhesive tapes market report states that one of the major factors hindering the growth of this market is Increasing cost pressure on manufacturers. Identifying the suitable adhesive and backing material for an application is a crucial step.
Standard acrylate-based tapes exhibit higher moisture resistance than silicone-based tapes and are used in medical applications that involve exposure to cleaning solutions or excessive secretions. The amount of adhesive and its concentration used in the manufacturing process should be carefully examined.
Care should be taken during the initial mixing procedure and manual or automated circulation of the medical adhesive tapes. Factors such as the type of skin and age are the key factors that determine the price of these tapes.
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Few Points from List of Exhibits:
Exhibit 1: Comparison of Acrylic, Silicon, and Rubber Type of Resins in Medical Field
Exhibit 2: Parent Market
Exhibit 3: Global Adhesive Tapes Market Segmentation By End-User
Exhibit 4: Market Segments
Exhibit 5: Market Size 2016
Exhibit 6: Validation Techniques Employed For Market Sizing 2016
Exhibit 7: Global Medical Adhesive Tapes Market Market Size and Forecast 2016-2021 ($ Million)
Exhibit 8: Global Medical Adhesive Tapes Market Year-Over-Year Growth 2017-2021 (%)
Exhibit 9: Five Forces Analysis 2016
Exhibit 10: Backing Material Market Share 2016-2021 (%)
Exhibit 11: Comparison By Backing Material
Exhibit 12: Fabric Market Size and Forecast 2016-2021 ($ Million)
Exhibit 13: Fabric Year-Over-Year Growth 2017-2021 (%)
Exhibit 14: Paper Market Size and Forecast 2016-2021 ($ Million)
Exhibit 15: Paper Year-Over-Year Growth 2017-2021 (%)
Exhibit 16: Plastic Market Size and Forecast 2016-2021 ($ Million)
Exhibit 17: Plastic Year Over Year Growth 2017-2021 (%)
Exhibit 18: Others Market Size and Forecast 2016-2021 ($ Million)
Exhibit 19: Others Year-Over-Year Growth 2017-2021 (%)
Exhibit 20: Market Opportunity By Backing Material
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