Global Athletic Tape Market Outlook & Forecast to 2028: Rising Demand for Athletic Tapes to Preserve Posture and Balance Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Athletic Tape Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global athletic tape market is expected to grow at a CAGR of 8.41% from 2022-2028.

Market Trends and Opportunities

Market players adopt business-driving strategies such as collaborations, partnerships, and others, offering lucrative revenue growth opportunities.

The growing partnership among the sports authorities, clubs, franchises, and others are the potential business strategies that offer direct consumers for the vendors without investing in market and networking business strategies. In recent years the partnerships between sports authorities have opened the space for new potential market geographics and demographics.

Market Drivers

Worldwide Increasing Sport Injuries

Globally, millions of sports injuries are registered every day that require care. Athletic tapes stabilize ankles, solidify the shoulder, and support the knee, opening elbow, and weak and injured muscle.

Athletic tapes provide lightweight and external support that helps athletes remain active while recovering from injury. In sport injury types, knee injuries, swollen muscles, and sprains and strains are the major sports injuries that occur worldwide, where athletic tapes are used as a vital part of first aid to deliver emergency care.

The increasing worldwide number of sports injuries is one of the leading factors driving the athletic tape market growth. In addition, the continued growth in fitness and sports has increased minor to major injuries that demand injury prevention and management tools. In the US, only overall children who participate in any sport, around 10% of children, get any injury.

Rising Demand for Athletic Tapes in Preserving Posture and Balance

With the growing concern about sports injuries, people are taking preventive measures to avoid or tackle them, where athletic tapes play a vital role. Furthermore, the world is evolving with sports and physical fitness, resulting in minor to major sports injuries. The increasing demand for preventing injury and rehabilitation and chronic pain management required athletic tapes in posture management and balance.

Increasing Athletic Population

Worldwide professional and Olympic-level sports positively influenced the attention towards the sports and have led to an increase in the number of athletes that seem to be faster and stronger compared to the last several decades. More than one billion people worldwide are engaged in some sport, domestic to national. Such factors are projected to positively influences the growth of the athletic tape market during the forecast period.

Key Questions Answered:

• How big is the athletic tape market?
• What is the growth rate of the athletic tape market?
• What are the growing trends in the athletic tape industry?
• Which region holds the most significant global athletic tape market share?
• Who are the key players in the global athletic tape market?

Key Attributes:

Report Attribute	Details
No. of Pages	277
Forecast Period	2022 - 2028
Estimated Market Value (USD) in 2022	$581.1 Million
Forecasted Market Value (USD) by 2028	$943.32 Million
Compound Annual Growth Rate	8.4%
Regions Covered	Global

Market Dynamics

Opportunities & Trends

• Market Players Adopting Business-Driving Strategies
• Advances in Athletic Tapes
• Upcoming Sports Competitions Offer Opportunities for Vendors

Enablers

• Increasing Sports Injuries Across Globe
• Rising Demand for Athletic Tapes to Preserve Posture and Balance
• Increasing Athletic Population

Restraints

• Presence of Alternatives to Athletic Tapes
• Limitations Associated With Athletic Tapes

Market Segmentation

by Format

• Roll Tape
• Pre-Cut Tape

by Type

• Elastic
• Non-Elastic

by Application

• Injury Prevention
• Post Injury Management, Stabilization, & Rehabilitation
• Chronic Issue & Pain Management

by Distribution Channels

• Sports Stores, Sports Clubs, Franchise, & Federations
• Pharmacies & Drugs Stores
• E-Commerce
• Supermarkets & Hypermarkets, & Retail Stores

by Geography

• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• North America
• US
• Canada
• APAC
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Turkey
• South Africa
• Saudi Arabia

Key Company Profiles

• Nitto Denko Corporation
• Mueller Sports Medicine
• SpiderTech

Other Prominent Vendors

• Cardinal Health
• Essity
• Healixon
• Hangzhou Gspmed Medical Appliances Co. Ltd.
• Jaybird & Mais
• KT Tape
• K-Active
• LP Supports
• Suzhou Medsport Products Co., Ltd
• Performance Health (Cramer Products Inc)
• Phiten
• Presidium Athletics LLC
• HARTMANN USA
• WUXI BEYON MEDICAL PRODUCT CO., LTD
• Scapa Group plc

For more information about this report visit https://www.researchandmarkets.com/r/m4b8cv

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