Sports taping is a popular method of injury prevention, especially among sportsmen. This is a technique that includes applying stiffer sports tape on muscles or bones in order to maintain them in a specific posture. This is particularly useful around joints, such as the ankles, wrists, and hands. Exercise and competitive sports can cause sprains, breaks, and other injuries, and this extra support can help prevent them. Moreover, sports tapes are also used in rehabilitation centers for therapeutic purposes to induce body’s natural healing process. Some of the common sports tapes available are cohesive bandage, elastic adhesive bandage, kinesiology tape, among others.
MARKET DYNAMICS
Muscle discomfort is becoming more common as a result of an increase in minor sports-related injuries, which will help drive market expansion. Furthermore, these tapes aid in the relief of pain in the elderly, resulting in an increase in the market for sports recordings. Rising interest of people in sports and other recreational activities is also expected to contribute to the demand for various sports accessories including sports tapes. The global market for sports tapes is expected to grow at a significant pace because to an increase in athletics and aerobics activities and a rising importance sports tapes for treating physiological disorders occurred during these activities.
MARKET SCOPE
The "Global Sports Tape Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sports tape market with detailed market segmentation based on type and distribution channel. The global sports tape market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sports tape market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sports tape market is segmented into type and distribution channel. By type, the sports tape market is classified into cohesive bandage, elastic adhesive bandage, kinesiology tape, and others. By distribution channel, the sports tape market is classified into supermarkets and hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sports tape market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sports tape market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sports tape market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sports tape in these regions.
MARKET PLAYERS
The report covers vital developments in the sports tape as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury lipsticks are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury lipsticks in the global market. Below mentioned is the list of few companies engaged in the sports tape market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sports tape market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
-Arrowhead Tapes and Wraps
-Hero Medical Tape
-MBK Tape Solutions
-DL Medical and Health
-AtexMedical
-Towatek Korea
-K-active
-Healixon
-TERA Medical
-Kindmax