Tuesday, 2 January 2018

Medical Adhesive Tapes Market 2017-2021

MRC Announces the Publication of its Research Report – Global Medical Adhesive Tapes Market 2017-2021
MRC recognizes the following companies as the key players in the global medical adhesive tapes market: 3M, Johnson & Johnson Services, Scapa Group, NITTO DENKO CORPORATION, Smith & Nephew, and Medtronic.
Other Prominent Vendors in the market are: Adchem, AVERY DENNISON CORPORATION, CCT Tapes, DermaMed Coatings Company, GERGONNE INDUSTRIE, Jiangsu Nanfang Medical, LIBATAPE PHARMACEUTICAL, Lohmann, Mactac, Mercator Medical, NICHIBAN, Paul HARTMANN Medical, and SeyitlerKimya.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Shift to environment-friendly, green products. Developed countries such as the US, Canada, and Germany, emphasize the use of medical adhesive tapes as they are environment-friendly. These environment-friendly tapes are also known as green tapes and are either recyclable, biodegradable, or made from recycled materials. They do not contain harmful hydrocarbons or solvents. Bio-based medical adhesive tapes are increasingly becoming popular in developing countries such as India, Brazil, South Africa, and Indonesia.”
According to the report, one of the major drivers for this market is Flourishing medical tourism industry in APAC. The global medical tourism industry is growing in popularity, owing to the presence of skilled healthcare professionals and doctors and availability of low-cost treatments. This industry is expected to reach $8 billion by 2020. The outbound medical tourism originated primarily in the US due to the implementation of the US Patient Protection and Affordable Care Act, which opened avenues in the global medical industry.
Further, the report states that one of the major factors hindering the growth of this market is Increasing cost pressure on manufacturers. Identifying the suitable adhesive and backing material for an application is a crucial step. Standard acrylate-based tapes exhibit higher moisture resistance than silicone-based tapes and are used in medical applications that involve exposure to cleaning solutions or excessive secretions. The amount of adhesive and its concentration used in the manufacturing process should be carefully examined. Care should be taken during the initial mixing procedure and manual or automated circulation of the medical adhesive tapes. Factors such as the type of skin and age are the key factors that determine the price of these tapes.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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