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.
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.
Based on resin type, the medical foam tapes market is segmented into:
Based on technology, the medical foam tapes market is segmented into:
Based on foam type, the medical foam tapes market is segmented into:
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.
Some of the global Medical Foam Tapes manufacturers: -
Some of the APAC Medical Foam Tapes manufacturers: -
Regional Analysis Includes:
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.