Meridian Adhesives Group announced the acquisition of Pacific Adhesive Systems a Malaysian company that provides high-performance adhesive and coating solutions to the electronics, semiconductor, and medical markets. With this acquisition, the Meridian plans to expand their adhesives, including the Medical Adhesive Tape segment.
3M announced the launch of a long-wear medical adhesive tape, 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. It is ideal for equipment that must be worn continuously, both inside and outside of care facilities. The new adhesive offers up to 21 days of cutaneous wear and adaptability.
Author Credits: Radhika Gupta, Shivam Bhutani
Report ID: 5005
Published Date: Jun 05, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing instances of road accidents, and rising demand for surgical procedures are the major factors driving the market growth.
The market size of medical adhesive tape is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Smith & Nephew plc; 3M; Medline Industries Inc.; Paul Hartmann AG; Cardinal Health; Baxter International, Inc.; Johnson & Johnson Services, Inc.; Nitto Denko Corporation; Lohmann GmbH & Co. KG, and Meridian Adhesives Group
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, back material, adhesion, application, and by region.
The fabric segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Allergic reactions to medical adhesive tapes and the high cost of adhesives are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.