Elastic Therapeutic Tape Market Report Overview
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The global elastic therapeutic tape market size was in USD 220 million 2020. As per our research, the elastic therapeutic tape market is expected to reach USD 885.81 million by 2031, exhibiting a CAGR of 13.6% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Elastic Therapeutic Tape (also known as kinesiology tape or simply k-tape) is a form of adhesive tape that is used in a variety of therapeutic and rehabilitative applications. Dr. Kenzo Kase, a Japanese chiropractor, invented it in the 1970s as a way to support damaged muscles and joints while allowing full range of motion. The tape is often comprised of a stretchy and breathable cloth with a latex-free adhesive. It is made to resemble the elasticity of human skin and muscles. Because of the unique qualities of kinesiology tape, it can be placed in ways that gently elevate the skin, creating a space between the skin and the underlying tissues.
Kinesiology tape comes in a variety of colors and designs and can be used in a variety of ways depending on the individual's demands and the nature of the injury. Athletes, physical therapists, chiropractors, and other healthcare professionals frequently use it. However, while there is anecdotal evidence and some limited studies indicating advantages, scientific evidence for the usefulness of kinesiology tape is currently mixed and evolving. Before utilizing kinesiology tape for any specific ailment, as with any medical intervention, visit a certified healthcare provider.
COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth
The pandemic caused global supply chain disruptions, disrupting the manufacture and distribution of a variety of products, including elastic therapeutic tape. Manufacturing and transportation issues could have resulted in tape shortages or delays. Non-essential medical treatments and elective operations were frequently postponed or cancelled as healthcare systems focused on treating COVID-19 patients. As a result, demand for some medical and therapeutic products, such as therapeutic tape, may have decreased since patients were less inclined to seek physical therapy or rehabilitation services. Many people's regular routines and workout habits were interrupted as a result of the lockdowns and limitations. Gyms, sports facilities, and physical therapy clinics were either closed or operating at reduced capacity, which could have an impact on the need for therapeutic tape.
LATEST TRENDS
"Growing Awareness and Adoption to Enhance Market Growth"
The general public and healthcare experts were becoming more aware of the potential benefits of kinesiology tape for pain reduction, muscular support, and injury healing. This resulted in a greater use of therapeutic tape for a variety of applications, including sports, physical therapy, and rehabilitation. Elastic therapeutic tape was being used in areas other than standard sports and physical therapy. Its potential applications included geriatric care, paediatric care, and occupational therapy. Furthermore, other research were looking into its effectiveness in treating illnesses including lymphedema and chronic pain. Manufacturers were creating specialised kinesiology tapes for a variety of applications, including joint support, muscle stimulation, and pain treatment. To improve their effectiveness for certain purposes, these items frequently featured unique adhesive patterns or technologies.
Elastic Therapeutic Tape Market Segmentation
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- By Type
Based on type market is classified as roll form and pre-cut shape.
- By Application
Based on application market is classified as pharmacy, on-line shop, mall & supermarket and others.
DRIVING FACTORS
"Growing Awareness and Acceptance to Augment Market Growth"
Demand has been spurred by increased awareness of the potential benefits of therapeutic tape among both healthcare professionals and the general public. The market has grown as more individuals recognise its benefits in pain management, injury prevention, and rehabilitation. The growing popularity of sports and physical fitness activities has resulted in a surge in demand for items that help athletes perform better, recover faster, and avoid injuries. Elastic therapeutic tape has gained popularity as a technique to satisfy these needs in the sports community. Many people prefer non-invasive, drug-free approaches to pain management and healing. Therapeutic tape is a non-pharmacological technique that is thought to be relatively safe and disruptive.
"Aging Population and Chronic Conditions to Propel Market Growth"
Chronic diseases, musculoskeletal difficulties, and injuries are becoming more common as the world's population ages. Therapeutic tape is frequently used in physical therapy and rehabilitation programmes for these groups, which is fuelling market expansion. Healthcare infrastructure improvements, particularly in emerging nations, have boosted access to medical treatments and rehabilitation. This has increased the market for therapeutic equipment such as kinesiology tape. Material science and technological advancements have resulted in the development of more effective and long-lasting therapeutic tape products. These developments have the potential to improve performance and user experience, hence increasing demand. Elastic therapeutic tape is used in a variety of healthcare settings, including physical therapy, chiropractic care, occupational therapy, and others.
RESTRAINING FACTORS
"Limited Scientific Evidence to Impede Market Expansion"
While there is anecdotal evidence and some studies to support the benefits of therapeutic tape, scientific evidence for its effectiveness in some applications may be lacking. A dearth of rigorous clinical research could potentially stymie wider acceptance, particularly among the medical community. Elastic therapeutic tape competes with other well-known and proven treatment modalities such as traditional physical therapy, pharmaceuticals, and medical equipment. Some healthcare practitioners and patients may prefer to remain with tried-and-true ways rather than try anything new. In some areas, the lack of standardised norms and regulations for the use of therapeutic tape may raise concerns regarding product quality, adequate application procedures, and safety. This may discourage healthcare providers and patients from utilising the tape.
Elastic Therapeutic Tape Market Regional Insights
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"North America to Dominate the Market Due to a High Level of Consumer Awareness"
Historically, the North America region, has been a large market for therapeutic tape. This is due to a well-developed healthcare infrastructure, a high level of consumer awareness regarding alternative therapies, a strong sports culture, and an emphasis on fitness and wellness. Countries' interest in complementary and alternative therapies has also increased, contributing to the elastic therapeutic tape market share. The region's emphasis on sports, physical fitness, and rehabilitation, combined with an ageing population, has fuelled market expansion. These countries have a long history of employing alternative remedies, and the tape has become widely used in sports, physical therapy, and medical procedures. The presence of the origin of the tape in this location
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Kinesio Taping (U.S.)
- SpiderTech (Canada)
- KT TAPE (U.S.)
- RockTape (U.S.)
- StrengthTape (U.S.)
- Nitto Denko (Japan)
- Mueller (U.S.)
- LP Support (Taiwan)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 220 Million in 2020 |
Market Size Value By |
US$ 885.81 Million by 2031 |
Growth Rate |
CAGR of 13.6% from 2020 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the elastic therapeutic tape market expected to touch by 2031?
The global elastic therapeutic tape market size is expected to reach USD 885.81 million by 2031.
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What CAGR is the elastic therapeutic tape market expected to exhibit by 2031?
The elastic therapeutic tape market is expected to exhibit a CAGR of 13.6% by 2031.
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Which are the driving factors of the elastic therapeutic tape market?
Growing awareness and acceptance and aging population and chronic conditions are the driving factors of the elastic therapeutic tape market growth.