About Elastic Therapeutic Tape
Elastic therapeutic tape is an elastic cotton band with an acrylic paste that is used for treating pain from athletic injuries and a variety of other physical disorders. Some of the features of elastic therapeutic tape are it provides support to sore muscles which promote the body’s natural healing process, relief from swelling, prolonging the effects of physiotherapy, and soothing injuries as they heal. These tapes are useful in the treatment of muscle sprains, ligament strains, Joint swelling, fibromyalgia, rheumatoid arthritis, Post-fracture support, Low muscle tone or muscle weakness, and others. The increasing number of patients with orthopedic disorder boosting the demand for elastic therapeutic tape.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The number of players is present in the market hence fragmented nature of the market. Market leaders are focusing on the production of Kinesio tape which comprises pre-cut strips that boast longevity, pain-relief, and breathability. Further, growing sports culture across the globe driving the demand for elastic therapeutic tape. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Elastic Therapeutic Tape market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
KT Tape (United States), SpiderTech Inc. (Canada), RockTape (Canada), Theratape (United States), StrengthTape (United States), Nitto Denko (Japan), Mueller Sports Medicine (United States), Dunbar Medical (Canada), LP SUPPORT INDIA (India), Towatek Korea (Japan), Atex Medical (United States) and Healixon (Netherland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kinesio Tape (Canada), Hangzhou Medical Appliances Co., Ltd. (China), Kindmax (United States) and DL Medical & Health (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Elastic Therapeutic Tape market by Type (Precut Strips, Single Rolls, Bulk Rolls and Others), Application (Rehabilitation, Alignment, Pain Management and Others) and Region.
On the basis of geography, the market of Elastic Therapeutic Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Elastic Therapeutic Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Franchised Store will boost the Elastic Therapeutic Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Elastic Therapeutic Tape for Orthopedic Treatment and Rising Demand for Versatile and Easy to Apply Therapeutic Tape
Market Growth Drivers:
Growth in Sports and Aerobics Industry and Rapid Growth in Aging Population
Challenges:
Lack of Awareness in Developing Countries
Restraints:
Stringent Regulations Regarding Patent Rights for Elastic Therapeutic Tape
Opportunities:
Rising Awareness about Physiological Disorders and Growing Healthcare Infrastructure in Emerging Economies
Market Leaders and their expansionary development strategies
In February 2022, Nitto Denko Corporation acquired the Personal Care Components business (‘PCC’) of Mondi plc for an enterprise value of USD 697 million. The PCC unit manufactures a range of components for personal and home care products such as diapers, feminine care, adult incontinence, and wipes.
In March 2021, KT Tape announced a new partnership with USA Diving, making KT Tape the Official Kinesiology Tape sponsor of USA Diving's athletes and programs, and supporting divers to go for the gold in the Olympic Games.
Key Target Audience
Elastic Therapeutic Tape Manufacturing companies, Elastic Therapeutic Tape Raw material manufacturing companies, Distributors, suppliers, and commercial service providers, Hospitals and clinics, Research laboratories and academic institutes, Market research and consulting firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.