The Global Athletic Tape Market Growth Is Accelerated By Increased Usage In Sports Medicine

 

Athletic Tape Market

Athletic tape products plays an important role in sports medicine by providing support, stabilization and pain relief for muscles, joints and tendons during physical activity or training. Athletic tapes key advantages include adjustable stretch, breathability, comfort and easy application. The strong need of athletic tapes in managing sports injuries, prevention of re-injuries and enhancing performance of athletes is driving the market growth. The global Athletic Tape Market is estimated to be valued at US$ 631.1 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

The increased usage of athletic tapes in sports medicine to manage injuries is one of the key trends driving the market growth. As the number and professionalism of sports events are rising, the need of using athletic tape for injury prevention, post-injury support and optimal performance is increasing among athletes, sports trainers and medical professionals. The wide acceptance and proven benefits of athletic tapes for various sports related injuries like ankle sprains, knee pain, muscle strains etc. has been the major factor behind this rising trend of using athletic tapes in sports medicine.

Segment Analysis

 

The global athletic tape market is dominated by the ankle tapes sub-segment. Ankle tape is widely used by sports enthusiasts and athletes to provide support to ankle joints during physical activities. Its flexible features allow free movement while also offering protection against minor ankle sprains and injuries. The growing participation in sports and rising instances of ankle sprains have been driving demand for ankle tapes.

 

Key Takeaways

 

The Global Athletic Tape Market Size is expected to witness high growth over the forecast period.

 

Regional analysis: North America is currently the largest and fastest growing regional market for athletic tape. High participation levels in both professional and recreational sports have been driving demand for athletic tapes and other supporter products among individuals to prevent ankle, knee and muscle injuries.

 

Key players: Key players operating in the athletic tape market are Johnson & Johnson, Mueller Sports Medicine, 3M Company, KT Tape, Medco Athletics, Nitto Denko Corporation, Andover Healthcare Inc., Medline Industries, Inc., Jaybird & Mais and SpiderTech. Companies are focusing on introducing new product features like flexibility, breathability and durability to gain market share.


Get More Insights Here

 

https://www.newsstatix.com/athletic-tape-market-size-share-growth-outlook-2023/

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