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The evolution of the global surgical tapes market is determined by factors such as growth in surgical procedures, rise in concerns among physicians and patients regarding infections, and innovations in surgical tapes. There are several benefits of surgical tapes; it is waterproof, flexible, easy to tear, non-adherent to hair, and binds strongly to skin. Surgical tapes are mostly used in medical care facilities, hospitals, and houses’ first-aid kits. The demand for surgical tapes is rising due to of growing population, increasing rate of accidents, and surging demand from the healthcare industry due to its use in surgeries. Key manufacturers of surgical tapes are constantly focusing on research and development to manufacture innovative products to gain an edge over competitors.
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Overview of Global Surgical Tapes Market
The global surgical tapes market is expected to grow as a result of increasing healthcare infrastructure and a number of cosmetic surgeries in emerging countries. Surgical tapes are used to treat wounds, secure wound dressing, and for other medical purposes. The rise in the number of accidents across the globe is increasing surgical operations, and this is boosting the demand for surgical tapes. Moreover, manufacturers are engaging in high-level innovations to introduce new features or products. Features such as waterproof, breathable, and non-adherent to hair are innovations following a rise in demand for the product. Thus, innovation in surgical tapes by manufacturers is creating opportunities for the surgical tapes market.
Furthermore, during COVID-19, sales of surgery equipment and supplies increased attributing to the increasing number of patients suffering from the virus. However, the sales of surgical tapes were slightly affected during 2020, as only essential surgery services were allowed, especially for the patients suffering from COVID-19. It was observed that there were disruptions in the elective surgeries. As per insights published by the World Health Organization, during the pandemic, nearly 2/3rd of countries reported disruptions in elective surgeries. This factor impacted the demand for surgical tapes.
Based on these facts, the TMR research team estimates that there is a moderate impact of COVID-19 on the sales of surgical tapes. In 2021, the sales of surgical tapes increased by 5.8%, as the disruptions were resolved and the rate of elective surgeries increased. It is estimated that the surgical tapes market would grow 2X by the end of 2032.
Rise in Number of Surgeries Boosting Demand for Surgical Tapes
Mostly pre-or-post surgery cases have the need for the settlement of catheters and infusions in patients; surgical tapes are used to secure infusion lines, wound dressing, and treat wounds. Surgeries involve amputations and incisions, which are the major cause of wounds. Wound dressing, securements, splints, etc. are some of the application segments of the surgical tapes market; the surgical segment is expected to dominate the surgical tapes market with a market value of US$ 5.6 Bn in 2032.
Surgeries account for around 53% of the total application share of the surgical tapes market. It is expected to create an incremental opportunity of US$ 2.5 Bn over the forecast period.
Preference for Acrylic Adhesive Tapes Due to Strong Adhesive Bond, Cost Benefits
Based on adhesive type, the global surgical tapes market has been segmented into silicone, rubber, acrylic, and others; of these, the acrylic segment is anticipated to lead the global market during the forecast period. Acrylic develops a stronger bond as compared to rubber adhesive tape. Acrylic adhesive is of three types: solvent-based, solid, and water-based. Solid acrylic adhesive is the strongest adhesive bond; water-based adhesive is the least expensive compared to the other two adhesives. Acrylic adhesive tapes also cost less than silicone adhesive tapes, and it does not leave residue on the skin after removal. It can take higher temperatures as compared to rubber adhesive tapes.
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The surge in Number of Diabetic Patients Fueling Growth of Surgical Tapes Market
In 2017, the Centers for Disease Control & Prevention published a National Diabetes Statistics report in which approximately 100 million or more people living in the United States were diagnosed with diabetes or prediabetes. One of the very common wounds in diabetic patients is diabetic foot ulcers; it is widespread in nearly 15% to 20% of diabetes patients. In the future, the incidence of diabetes is expected to increase according to the International Diabetes Federation 2019 report. An increase in the incidence of diabetes is projected to increase the incidence rate of diabetic foot ulcers, which is expected to drive the demand for the surgical tapes market.
Fabric Surgical Tapes Witnessing High Demand in Global Surgical Tapes Market
Fabric as a backing material is most favored for surgical tapes among companies as it is waterproof, individually packed, and pre-cut. Fabric surgical tape has characteristics of excellent breathability and allows the skin to take breath naturally; it offers good adhesion that provides dependable fixation, and it is hypoallergenic that avoids skin irritation. It is applied to fix the gauze and wound dressing besides its use in various other applications in clinics, hospitals, and homes. Due to these features, fabric surgical tapes are anticipated to be the leading backing material during the forecast period. Fabric surgical tapes are comfortable and can be removed painlessly and easily.
Analysis of Key Players in Global Surgical Tapes Market
The surgical tapes market report concludes with the company profiles section, which includes key information about major players in the global surgical tapes market. Leading players analyzed in the report for surgical tapes include 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Nichiban Co., Ltd., Paul Hartmann AG, and other prominent players.
Each of these players has been profiled in the surgical tapes market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.
Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analyzed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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