Demand to Treat Diabetic Wounds and Ulcers to Largely Influence Global Healthcare Adhesive Tapes Market Growth
Prevalence of DFUs (Diabetic Foot Ulcers) has given an impetus to the use of advanced wound dressings and bandages, including healthcare adhesive tapes. Diabetic foot ulcers are a common chronic wound found in individuals with diabetes. According to the Journal of Clinical Medicine, around 15% to 20% of diabetes infected individuals are prone to develop DFUs. With a slower in healing process due to diabetes, various types of ulcers and other wounds and minor cuts consume more time to heal in turn prolonging the treatment. This consequently increases the use of medical dressings such as healthcare adhesive tapes for dressings as well as re-dressings.
Moreover, increasing diabetes cases worldwide continue to influence use of healthcare adhesive tapes. According to International Diabetes Federation (IDF), diabetes cases worldwide will increase to 642 million by end of 2040, from 415 million observed in 2015. IDF also predicts that the amputation risk is 25 times higher in individuals with diabetes than those without the disease. Nearly 100 million adults in United States are prediabetic or diabetic and 25% of the diabetic population in United States develop DFUs. With this context, demand for healthcare adhesive tapes in treatment of diabetes induced wounds and ulcers is projected to increase.
Fabric Backed Counterparts to Reign Supreme Contributing to Healthcare Adhesive Tapes Market Growth
Healthcare adhesive tapes manufactured using fabric are expected to gain high traction as an efficient backing material. Fabric healthcare adhesive tapes are either made from cotton, polyester or taffeta or a combination of different fibres that are adhesive coated allowing the bandage or the dressing to efficiently stick to the upper surface of the body. Healthcare adhesive tapes using fabric as a backing material are used in multiple applications including but not limited to securing dressings, tubing, catheters, and other medical uses.
Strength of fabric backed healthcare adhesive tapes is higher with enhanced elasticity that enables them to be applied on areas that require expansion and contraction, such as biceps and thighs. They are also water resistant and are available in varying widths, styles and lengths that are designed to fulfil an assortment of bandaging requirements. Moreover, fabric healthcare adhesive tapes can be removed painlessly and with ease. In this background, the sales of fabric backed healthcare adhesive tapes are poised to grow significantly, consequently triggering healthcare adhesive tapes market growth.
Asia Pacific Poised to Showcase Momentous Pace in the Healthcare Adhesive Tapes Market
Demand for healthcare adhesive tapes in Asia Pacific is expected to increase at a noteworthy pace in the coming years. Its use as a quick remedy for dressing wounds, splints and ostomy seals continues to influence the growth of the healthcare adhesive tapes in Asia Pacific region. Moreover, increasing road accidents and associated injuries and wounds are fuelling use of healthcare adhesive tapes. For instance, according to the analysis of World Bank, only 1% of the global vehicle count is present in India; however, 11% of deaths occurring globally are mainly from road accidents occurring in India. Around 450,000 accidents happen in India, from which about 150,000 deaths are recorded. The analysis also reflected that around 53 road accidents take place in the country every 60 minutes and one death every 4 minutes.
Alongside this factor, steadily growing personal care and hygiene sector driven by changing consumer lifestyle and buyer preference is expected to trigger the demand for healthcare adhesive tapes as a comfortable and a flexible option, especially for personal care. In addition, business friendly environment offered by emerging economies such as China and India in Asia Pacific is expected to fuel healthcare adhesive tapes production, especially aspects economical and quick availability of raw material and cheap land and labour favouring manufacturing. These aspects are poised to influence adoption in turn bolstering growth of the healthcare adhesive tapes market in Asia Pacific.
Global Healthcare Adhesive Tapes Market: Competitive Landscape
Key players in the healthcare adhesive tapes market are focused on acquisitions to maintain their position in the market. For instance, in 2021, Bayport Brands was acquired by Essity which giving distribution rights to sell in New Zealand and Australia. Likewise in 2020, Medline Industries and Yale New Haven Health partnered to enhance logistics solutions and medical supply chain while shunning operational costs.
Few of the key players in the global healthcare adhesive tapes market include 3M, Nitto Denko Corporation, Cardinal Health Inc., Smith & Nephew, Medline Industries Inc., Lohmann GmbH & Co. Kg, Avery Dennison Corporation, Johnson & Johnson, Scapa Group Plc., Essity Aktiebolag, and PAUL HARTMANN AG.
Global Healthcare Adhesive Tapes Market is Segmented as Below:
By Resin Type
By Backing Material
By Application
By Region
Key Elements Included In The Study: Global Healthcare Adhesive Tapes Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Disclaimer:
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
View Methodology