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Medical Foam Tapes Market: An Overview

Medical foam tapes are used to seal sanitized devices, cushion patients and devices during treatment. The rising environmental concerns and growing number of regulations and policies have increased the demand of foam tape to focus on development of environment-friendly products. Volatile raw material prices act as a restraint in the growth of the market. The increasing costs of acrylic and PE material based medical foam tapes are affecting the global medical foam tape market. Market growth is accumulated to the demand from a wide range of applications in the medical industry. Emerging economies such as India, Brazil, Malaysia offer numerous unexplored and untapped opportunities. Considering all factors, the market for Medical Foam Tapes is estimated to rise in the foreseeable future.

Medical Foam Tapes Market: Dynamics

Acrylic resin based foam tapes consumption is rising momentarily across all regions, mostly because it has higher tack and peel adhesion than silicone based foam tapes. Its resistance to humidity and excellent cohesion makes it more viable for all type of environmental conditions. The demand of biodegradable and eco-friendly medical foam tapes is rising through roofs during past few years, mainly because of stringent laws and regulations. The recent innovations of UV hot melt based technologies allows tape manufacturers to coat tapes on PE or PU foams without any release of solvents or water particles. The ever moving research and development to manufacture cost efficient and high performance is expected to augment the demand of medical foam tapes. The challenges this industry is facing is through regulatory organizations such as GHS and EPA, mainly regarding the reduction of VOC emissions. This has caused a shift from the traditional solvent based technology to the water based, which is quite a financial strain on manufacturers. Thus the coming of biodegradable medical foam tapes is causing a spike in sales for the players in the market. These reasons will exponentially increase the demand of medical foam tapes during forecast period.

Medical Foam Tapes Market: Segmentation

Based on resin type, the medical foam tapes market is segmented into:

  • Acrylic
  • Rubber
  • Silicone
  • Others

Based on technology, the medical foam tapes market is segmented into:

  • Solvent-based
  • Water-based
  • Hot-melt-based

Based on foam type, the medical foam tapes market is segmented into:

  • PE based
  • PU based
  • Acrylic backed
  • Others

Medical Foam Tapes Market: Regional Outlook

APAC region is expected to lead the global share and experience a surge in demand for medical foam tapes due to the expanding and growing usage in different application in medical sector along with an increasing number of personal and institutional demands. Increasing the number of applications usage in institutional and personal domains will increase the demand for medical foam tapes in APAC. Apart from this increase in the application of medical foam tapes in surgeries, splints, wound dressings, ostomy seals, securing IV lines among others will also supplement the market growth. In addition, the increasing development in medical industries in North America and Europe will lead to the demand for medical foam tapes. Moreover, the Latin America and MEA region are anticipated to offer an exponential rise in growth opportunities for medical foam tapes market with the overall development of various application in medical sector as a whole in these regions.

Medical Foam Tapes Market: Key Players

Some of the global Medical Foam Tapes manufacturers: -

  • 3M Company
  • tesa SE
  • Avery Dennison
  • Intertape Polymer Group
  • Scapa Industrial

Some of the APAC Medical Foam Tapes manufacturers: -

  • Nitto Denko Corp.
  • LINTEC Corp.
  • Guangzhou Broadya Adhesive Products Co. Ltd.
  • Wuxi Qida Tape Co. Ltd.
  • Nippon Industries

Regional Analysis Includes:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • Asia Pacific (APAC)

The report medical foam tapes market 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 an 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 medical foam tapes market segments and geographies.

Reports Highlights:

  • A detailed overview of the parent market
  • Changing medical foam tapes market dynamics in the industry
  • In-depth medical foam tapes market segmentation
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments in the medical foam tapes market
  • Competitive landscape
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for players to sustain and enhance their market footprint

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Medical Foam Tapes Market