Woven Medical Tape Market Outlook
The woven medical tape market is anticipated to thrive at an average CAGR of 4.8% while it holds a value of US$ 1.21 Billion in 2022. The market is expected to reach a value of US$ 1.93 Billion by 2032.
As the healthcare sector is expanding at a steady rate, new developments in medical tape technology have raised the bar for competitors and new startups. The companies have introduced new strategies, such as the adoption of tackified acrylic adhesives that adheres to high and low surface energy substrates.
It makes the woven medical tape strong and rigid. The new strategy adopted also provides good processability to the medical tape, enhancing its inclusivity.
The medical woven tapes hold certain characteristics such as breathability, printable backing, long range of thickness, and high MVTR, while it is easy to wear and can be removed cleanly. New medical technology has stated that sterilizing woven medical gear through ETO and gamma helps in reducing the risk of infection.
The use of fibre and lightweight, sustainable material in producing woven medical tape that has a long range of applications is setting up the market trend. The sale of woven medical tape has increased with the rising number of accidents and healthcare consumption.
It is largely used in infusion dressings, along with it being used as a cover tape. Other than this, the application of these tapes in wound care and compression dressings while providing tube and cord holders. Another major driving factor is its application in temporary tattoos. Lastly, woven medical tape has started getting used in electrodes while monitoring and diagnostics devices.
The diverse use of woven medical tapes in healthcare industries is expected to contribute to the growth of the woven medical tape market. The use of non-woven medical tape can be a potential restraint for the woven medical tape market. The non-woven medical tape is lighter in weight and cheaper in cost as compared to woven medical tape.
Lastly, covid-19 has pushed governments to focus on advancing their healthcare structure and adopting sustainable products that work for a larger good. The outcome of the higher budget is anticipated to thrive in the integration of different layers of medical science. Countries like India and China, as emerging economies, focus on creating better healthcare products, including medical tapes, to export.
Woven Medical Tape Market Size (2022E)
US$ 1.21 Bn
Woven Medical Tape Market Projected Size (2032F)
US$ 1.93 Bn
Value CAGR (2022-2032)
Woven Medical Tape Market: An Overview
Woven medical tapes are the type of medical tape which is made of woven, knitted fabric. The woven fabrics in the woven medical tape are washing durable and can also be made flame retardant.
Woven medical tapes are stronger and considerably more cumbersome than the counterparts such as non-woven medical tapes. Woven medical tapes are breathable, comfortable, and removes cleanly and painlessly. These tapes are explicitly used for dressing wound care, tagging medical devices and equipment, splitting, and tubing.
The woven medical tapes are used for cover tape and to finish devices. High adhesiveness and durability coupled with flawless finish make woven medical tape an ideal solution for use in the pharmaceutical industry. Woven medical tapes are specially used for children care because of their painless removal.
Woven medical tapes are printable and available in various sizes and colors. Besides, the woven medical tapes have high moisture vapor transmission rate (MVTR), and acrylic adhesives are used with the woven fabric.
Woven Medical Tape Market: Dynamics
The high demand for painless and clean medical tapes is fulfilled by the woven medical tapes coupled with the increase of healthcare industries is expected to propel the global woven medical tape market.
The higher reliability and security provided by the woven medical tape is expected to fuel the global woven medical tape market. The woven medical tapes are used in infusion dressing, diagnostic service, wound care dressing, surgical drapes, and compression dressing. The diverse use of woven medical tapes in healthcare industries is expected to contribute to the growth of woven medical tape market.
Use of non-woven medical tape can be a potential restraint for the woven medical tape market. The non-woven medical tape is lighter in weight and cheaper in cost as compared to woven medical tape. Besides, accessibility of advanced wound care products, lack of proper guidelines for right woven medical tape selection and Medical Adhesive-Related Skin Injuries (MARSI) is expected to hamper the growth of woven medical tape market.
Woven Medical Tape Market: Key players
Some of the key players operating in the global woven medical tape market are –
- Tekra Corporation.
- NICHIBAN Co., Ltd.
- Parafix Tapes & Conversions Ltd
- Sheng Hung Industrial Co Ltd
- MBK Tape Solutions
- Berry Global, Inc
- Fralock Innovative Materials Manufacturing & Automation
- Pinnacle Technologies
- Ad Tape & Label, and Medtronic Plc.
- Johnson & Johnson
Woven Medical Tape Market: Regional outlook
North America is expected to have the largest share in the global woven medical tape market. The largest healthcare industry set up in the region is expected to fuel the growth of global woven medical tape market. The US is expected to have the largest share in the global woven medical tape market of North America.
Western Europe is expected to have market share just after North America in global woven medical tape market. The better infrastructure and use of the high-quality medical product in the region is expected to bolster the growth of woven medical tape market. Germany, France, Italy, and U.K. are expected to have the maximum share in the woven medical tape market of Western Europe.
Asia Pacific and MEA are projected to have maximum growth in global woven medical tape market. The increasing infrastructure of healthcare industries and various government initiatives for better quality medical treatment is expected to fuel the growth of medical woven tape market in the regions.
Geographically the global woven medical tape market has been divided into seven key regions as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Woven Medical Tape Market: Segmentation
Globally, the Woven Medical Tape market is segmented on the basis of material type, capacity and end-user industries which are further segmented as -
On the basis of adhesive type, the global woven medical tape market is segmented as-
On the basis of application, the global woven medical tape market is segmented as-
- Monitoring/diagnostic devices
- Compression dressings
- Infusion dressings
- Wound care dressings
- Surgical drapes
On the basis of end-user industry, the global woven medical tape market is segmented as-
- Ambulatory Surgical Centers (ASC)
- Homecare settings.