The global kinesiology tape market was worth US$159.1 mn in 2018 and the report suggests that the market will reach US$327.2 mn by 2025, registering a steady CAGR of 10.9%. The Kinesio tape is a type of thin elastic cotton tape, which is exceptionally stretchable. Even being highly stretchable, it tends to shrink creating a dragging force on the skin to support the injured muscle.
The team of QY Research analysts has published a detailed report of the market, titled “Global Kinesiology Tape Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Kinesiology Tape Market: Drivers and Restraints
Kinesiology tapes are stretchable flexible tapes known to treat musculoskeletal injuries. Physiotherapists use the Kinesio taping method to adjust muscle tones, detect movement patterns, promote movement of lymphatic fluids, and improve the posture of the body. The major driver of the market is that this tape economical than other modalities. The benefits of using the tape are that it is easy to apply. The growth of the market is due to rising interest in sports, aerobics, dance, and other physical activities. The escalating awareness of treating physiological ailments instantly is influencing the market of kinesiology tape globally.
The kinesiology tape market has one unique restraint. The Kinesio tapes require patent rights for any new entrants, which has become a great restraint for the market to expand.
Global Kinesiology Tape Market: Segment Analysis
The global kinesiology tape market is segmented on the basis of type and application. In terms of type, the market is segmented into roll form and pre-cut shape. In terms of application, the market is segmented into pharmacy and drugstore, sporting goods store, hospital, online, and others. Sporting goods stores and hospitals are the prominent users of kinesiology tape to treat or support injury treatments.
Global Kinesiology Tape Market: Regional Analysis
On the basis of region, the global kinesiology tape market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America is followed by Europe in global kinesiology tapes market as the adoption of these tapes is high amongst healthcare professionals and athletes.
Global Kinesiology Tape Market: The Key Players
The key players studied in the global kinesiology tape market are Kinesio Taping, KT TAPE, SpiderTech, StrengthTape, RockTape, Towatek Korea, TERA Medical, K-active, Atex Medical, Nitto Denko, LP Support, Kindmax, DL Medical & Health, Healixon, Medsport, Mueller, Socko, Major Medical, GSPMED, and Raphael. The leading players of this market know well to be relevant in the intense competition. Thus they are attempting to make their presence felt in the market. For example, KT TAPE, one of the leading producer of kinesiology tape and related sports performance products in the retail market sponsored the National Basketball Athletic Trainers' Association (NBATA). The company provided training and educational support to the NBATA as part of the sponsorship.
Full Report Overview@ https://www.qyresearch.com/index/detail/1090479/global-kinesiology-tape-market