Elastic Therapeutic Tape Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Elastic therapeutic tape is an elastic cotton strip with an acrylic adhesive that is used with the intent of treating pain and disability from athletic injuries and a variety of other physical disorders. In individuals with chronic musculoskeletal pain, research suggests that elastic taping may help relieve pain, but not more than other treatment approaches, and there is no evidence that it can reduce disability in chronic pain cases.
Elastic therapeutic tape has been widely used for rehabilitation and treatment of sports injuries. Tapes with different elastic properties serve different treatment purposes with inappropriate tension reducing tape effectiveness.
The major manufacturers of Elastic Therapeutic Tape are in China, Japan, North America and Europe. The main consumption areas are the North America, Europe and Japan. North America is the largest consumption market. Its consumption accounted for 32.61% of the global market in 2016.
Elastic Therapeutic Tape popularized during the 2008 Olympics after the manufacturer, Kinesio USA, donated 50,000 rolls of the tape to 58 competing countries. And during the London 2012 Olympics, Elastic Therapeutic Tape has been spotted stretching and spiraling in interesting patterns on some athletes. Elastic Therapeutic Tape industry growth rate is higher during 2010 to 2012.
Elastic Therapeutic Tape is mainly produced by Kinesio Taping, SpiderTech, KT TAPE, RockTape, StrengthTape. And these companies totally occupied above 68.48% market share by revenue in 2016. There is a great brand effect in this industry; the customer will choose more well-known brands in the acceptable price.
The Global Elastic Therapeutic Tape Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.
As the report focuses on global Elastic Therapeutic Tape Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Kinesio Taping
SpiderTech
KT TAPE
RockTape
StrengthTape
Nitto Denko
Mueller
LP Support
Towatek Korea
Atex Medical
Healixon
GSPMED
Major Medical
Kindmax
DL Medical & Health
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Roll Form
Pre-Cut Shape
In Market segmentation by applications :
Pharmacy
On-Line Shop
Mall & Supermarket
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Elastic Therapeutic Tape Market for the forecast period 2023 - 2030?
• What are the driving forces in the Elastic Therapeutic Tape Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Elastic Therapeutic Tape industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
Research Methodology
The Market Research Update offers technology-driven solutions and its full integration in the research process to be skilled at every step. We use diverse assets to produce the best results for our clients. The success of a research project is completely reliant on the research process adopted by the company. Market Research Update assists its clients to recognize opportunities by examining the global market and offering economic insights. We are proud of our extensive coverage that encompasses the understanding of numerous major industry domains.
Market Research Update provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.
The Company's Research Process Has the Following Advantages:
- Information Procurement
The step comprises the procurement of market-related information or data via different methodologies & sources.
- Information Investigation
This step comprises the mapping and investigation of all the information procured from the earlier step. It also includes the analysis of data differences observed across numerous data sources.
- Highly Authentic Source
We offer highly authentic information from numerous sources. To fulfills the client’s requirement.
- Market Formulation
This step entails the placement of data points at suitable market spaces in an effort to assume possible conclusions. Analyst viewpoint and subject matter specialist based examining the form of market sizing also plays an essential role in this step.
- Validation & Publishing of Information
Validation is a significant step in the procedure. Validation via an intricately designed procedure assists us to conclude data-points to be used for final calculations.