Elastic Therapeutic Tape Market Growth, Insights, Trend, Demand & Forecast | Kinesio Taping, SpiderTech, KT TAPE
Luton, Bedfordshire, United Kingdom, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Elastic Therapeutic Tape Market.
Kinesiology tape is the name given to elastic therapeutic tape. It is an elastic cotton strip with acrylic glue that aids in the treatment of pain and impairment caused by sports-related injuries. The market for elastic therapeutic tape is expanding as a result of its widespread usage in the rehabilitation and treatment of sports-related injuries. Rehabilitative tape, for instance, aids the body's healing process through its sustained soft tissue massage.
Additionally, proprioceptive facilitation, a decrease in muscular fatigue, improved healing, and helping to relax fatigued muscles are all uses for this elastic therapeutic tape. Furthermore, the elastic therapeutic tape has a 140 % stretch capacity, meaning it may be extended beyond its typical length.
Elastic Therapeutic Tape Market: Opportunities
Physiotherapy treatments, swelling alleviation, and support for painful muscles are a few characteristics of elastic therapeutic tape that have an impact on market expansion. Its numerous uses, which are expected to drive the elastic therapeutic tape market's expansion throughout the forecast period, include the treatment of ligament sprains, joint swelling, muscle sprains and arthritis, as well as low or weak muscle tone.
Elastic therapeutic tape market expansion is anticipated in the near future as a result of rising awareness of physical impairments and expanding healthcare infrastructure.
The Elastic Therapeutic Tape Market is projected to register a CAGR of 12 % during the forecast period, to reach a valuation of US$ 400 Million by 2029.
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Elastic Therapeutic Tape Market: Recent Development
During the projected period, there is likely to be substantial expansion in the market for elastic therapeutic tape.
After the 2008 Olympics, Kinesio USA sent 58 participating nations 50,000 rolls of elastic therapeutic tape, which helped the elastic therapeutic tape business gain prominence.
Type, Application, Distribution Channel and Region
North America, Europe, Asia-Pacific, and LAMEA
Kinesio Taping, SpiderTech, KT TAPE, RockTape, StrengthTape, Nitto Denko, Mueller, LP Support, Towatek Korea, Atex Medical, Healixon, GSPMED, Major Medical, Kindmax, DL Medical & Health, Others.
Elastic Therapeutic Tape Market Key Players
Elastic Therapeutic Tape Market Major Key Players include: - Kinesio Taping, SpiderTech, KT TAPE, RockTape, StrengthTape, Nitto Denko, Mueller, LP Support, Towatek Korea, Atex Medical, Healixon, GSPMED, Major Medical, Kindmax, DL Medical & Health, Others.
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Elastic Therapeutic Tape Market: Drivers and Restraints
Emerging trends are driving the elastic therapeutic tape market growth throughout the forecast period, including an increase in the usage of elastic therapeutic tape for orthopaedic treatment and increased demand for flexible and simple-to-use therapeutic tape. Additionally, the growing elderly population and widespread usage of tape in aerobics and sports due to an increase in minor sports-related accidents are some of the key reasons fueling the elastic therapeutic tape market's expansion.
However, the expansion of the elastic therapeutic tape market in the near future is being constrained by reasons such as strict laws and regulations governing patient rights, a lack of awareness in emerging nations, the scarcity of expensive raw materials, and others. The expansion of the market for elastic therapeutic tape may also be hampered by difficulties new market entrants may have while obtaining patents.
Elastic Therapeutic Tape Market Segmentation
By Type, it is segmented into
By Application it is segmented into
By Distribution Channel it is segmented into
Elastic Therapeutic Tape Market: Regional Analysis
The elastic therapeutic tape market is divided geographically into the following regions: North America, Europe, Latin America, South Asia, East Asia, Oceania, the Middle East, and Africa. Due to the greater availability of raw materials, the availability of skilled labor, and the location of the key manufacturing business Kinesio in the USA area, North America is the market leader.
Due to the growing awareness of healthcare, among other factors, Europe is regarded as the second largest contributing area to the industry. Due to factors including the expanding elderly population, increased participation in various sports, government assistance, and other factors, Asia Pacific is the area with the quickest growth.
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