Over the course of the forecast period, expansion of the global market for medical tapes is anticipated to be fueled by an increase in the number of road accidents. For example, the National Informatics Center reports that India had a total of 4,67,044 car accidents in 2018. This number was recorded in 2018.A further factor that is anticipated to contribute to the expansion of the market is the rising incidence of injuries. For instance, 107,335 work-related injuries were reported in Australia in 2017-2018, according to Safe Work Australia's statistics.
The global Medical Tapes Market was valued at US$ 1,317.3 Mn in 2019 and is forecast to reach a value of US$ 2,082.2 Mn by 2027 at a CAGR of 5.9% between 2020 and 2027.
Prominent Players in the Medical Tapes Industry:
1. 3M
3M was founded in 1902 and its headquarter in Saint Paul, Minnesota, United States. The company operates in 200 countries. In2022 3M announced today that it has completed its acquisition of Advanced Chemistry & Technology
2. Johnson & Johnson,
Johnson & Johnson ,founded in 1886, and it’s located in New Brunswick, New Jersey, United States. The company operates in 60 countries.
3. Paul Hartmann AG,
Paul Hartmann AG was launch in 1818 and it’s headquarter located in Heidenheim, Germany.it operate over 35 country .
4. Scapa Group PLC
Scapa Group PLC was launch in 1927 and it’s headquarter located in Manchester, OL7 0ED, United Kingdom.it operate over 90 country In Scapa Group, a global supplier of technical tapes, has finalized an agreement to acquire Medifix Adhesive Products Limited .
5. Andover Healthcare Inc.
Andover Healthcare Inc founded in 1976, with its headquarters in East Coast, New England. .With businesses in over 100 countries.
6. Ad Tape & Labe
Ad Tape & Labe was launch 1951 and its headquarter Dearborn, Michigan, United States . it operate over 50 country.
Definition- Medical tapes, secure dressings and bandages onto a wound and hold catheters and drainage lines in place.
