Thursday, May 30, 2024

Elastic Therapeutic Tape Market Opportunity Assessment, Key Vendor Analysis, Forecast by 2027

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The estimated valuation of the Global Elastic Therapeutic Tape Market is projected to reach USD 395.15 million by 2027, compared to USD 150.03 million in 2019, with a Compound Annual Growth Rate (CAGR) of approximately 12.9% over the forecast period. The market’s growth is driven by the increasing emphasis on sports participation and the consequent rise in the importance of proper physiological treatment. However, a significant challenge lies in the requirement of patent rights for manufacturing these tapes, making the production process intricate and impacting market expansion.

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Elastic therapeutic tape, also known as kinesiology tape, is strategically applied to the body for support, pain and inflammation reduction, swelling alleviation, and performance improvement. These tapes have gained popularity among professional athletes for their therapeutic benefits, particularly in reducing swelling in joints, shoulders, and knees. Research activities in recent years have focused on assessing the effectiveness of elastic therapeutic tape in comparison to other forms of rehabilitative therapy. A 2015 study titled “Kinesio taping in musculoskeletal pain and disability” concluded that it is superior to other minimal intervention techniques for pain management. However, no preference over other methods of treating physiological ailments was established.

To provide comprehensive coverage, the report segments the elastic therapeutic tape market based on product type, application, distribution channel, end-user, and region. Product types include Precut strips, Single Roll, Uncut Roll, Serrated, and Others. Single rolls are prevalent in home settings, while uncut rolls see higher demand from athletes due to their cost-effectiveness, mainly used by professionals, hospitals, and rehabilitation centers. Precut strips are popular for their time efficiency and various sizes available in the market. Serrated tapes, tear-off and apply types, are also used for their time efficiency. The Precut strips sub-segment is anticipated to witness significant growth, followed by the serrated sub-segment.

In terms of application, the elastic therapeutic tape market is categorized into Alignment, Pain Management, Rehabilitation, and Others. Distribution channels include Hospital, Pharmacy, Supermarket, Online Store, Specialty Clinic, and Shopping Mall. End-users encompass Professional Athletes, Hospitals, Rehabilitation Centers, and Others. The regional landscape covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Key manufacturers profiled in the report include KT TAPE, Atex Medical, Kinesio Taping, DL Medical&Health, StrengthTape, SpiderTech, RockTape, Nitto Denko, and Kindmax, among others.

The report on the Global Elastic Therapeutic Tape Market forecasts revenue growth globally, regionally, and at the country level, providing an analysis of industry trends in each sub-segment from 2017 to 2027. The market is segmented based on product type, application, distribution channel, end-user, and region.

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