Medical adhesive tapes are also known as surgical adhesive tapes. They are used for closing wounds and holding bandages in place, which are designed to meet a wide range of bandaging requirements. These tapes are available in a variety of widths, styles, and lengths. To reduce the risk of infection, some of these tapes are prepared with zinc oxide. The global medical adhesive tapes are growing at a significant pace, and are expected to register a fast growth in the coming years.

On the basis of type, the medical adhesive tapes market is classified into acrylic, silicone, rubber, and others. The silicone adhesive resin type segment dominated the market and is also anticipated to register the highest CAGR during the forecast period. This is attributed to its superior properties as compared to other adhesives, as they are gentler and perform excellently on low surface energy substrates.

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Based on application, the medical adhesive tapes market is categorized into surgeries, wound dressing, secure IV lines, splints, ostomy seals, and others. Of all applications, secure IV lines are projected to register the fastest growth in the market for these adhesive tapes in the coming years. The various recent advancements in medical technology are fueling the market growth, which is creating various opportunities in the market for the manufacturers for the new product development for emerging applications.

Increasing cost pressure on manufacturers and increasing awareness regarding wound care products are the major challenges identified in the medical adhesive tapes market. The pressure on manufacturers is increasing to produce a low-cost product to stay competitive in the market, which can potentially hinder market growth. Hence, reducing cost while also focusing on customer satisfaction while maintaining the quality of the product is expected to pose a challenge in the market.

The medical adhesive tapes market is fragmented due to the presence of various small and large players in the market; however, the market is mainly dominated by large players.

3M Company, Johnson and Johnson Services, Medtronic Plc., Scapa Group, Smith & Nephew, Nitto Denko Corporation, Nichiban Co., Ltd., Avery Dennison Corporation, CCT tapes, and Jiangsu Nanfang Medical are some of the major players operating in the medical adhesive tapes industry.

Source: VynZ Research