Industry Background:
Fixation tapes is a combination of a material and an fixation film and used to join or bond objects together instead of using any other method. There has been growing demand of fixation tapes in APAC, due to wide acceptance because of ease of applicability of this tapes. Also there is been rising end use industries in the APAC region which is also one of the major factor for the growing demand. While there are some of the factors which ate hindering the market growth that is volatility in raw material prices is hampering the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Nitto Denko Corporation (Japan), Henkel (Germany), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (United States), Shurtape Technologies, LLC (United States), Scapa Group Plc (United Kingdom) and Berry Plastics (United States) |
According to AMA, the market for Fixation Tape is expected to register a CAGR of 10.6% during the forecast period to 2030. This growth is primarily driven by There has been growing demand of fixation tapes in APAC, due to wide acceptance because of ease of applicability of this tapes. Also there is been rising end use industries in the APAC region which is also one of the major factor for the growing demand..
Globally, a noticeable market trend is evident Growing use of fixation tapes in diverse application Major Vendors, such as 3M Company (United States), Nitto Denko Corporation (Japan), Henkel (Germany), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (United States), Shurtape Technologies, LLC (United States), Scapa Group Plc (United Kingdom) and Berry Plastics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2023,Enovis™ Corporation an innovation-driven, medical technology growth company, announced a definitive agreement to acquire the SEAL external fixation product line from D.N.E., LLC. The transaction is subject to customary closing conditions and is expected to close towards the end of the second quarter of 2023.
In September , 2022 Anika Therapeutics, Inc. a global joint preservation company focused on early intervention orthopedics, announced the limited market release and the first surgeries performed using the X-Twist Fixation System. Christopher E. Baker, M.D., a prominent sports medicine physician in Tampa, Florida, was the first surgeon to use the X-Twist Fixation System
Influencing Trend:
Growing use of fixation tapes in diverse application
Market Growth Drivers:
There has been growing demand of fixation tapes in APAC, due to wide acceptance because of ease of applicability of this tapes. Also there is been rising end use industries in the APAC region which is also one of the major factor for the growing demand.
Challenges:
Implementation of stringent regulatory policies
Restraints:
Volatility in raw material prices
Opportunities:
Advancement in fixation tapes technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Fixation Tape Market
- Analysis about New Entrants in Fixation Tape Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Fixation Tape Study Sheds Light on
The Fixation Tape Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fixation Tape industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fixation Tape industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.