Kinesio Tape Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Kinesio Tape Market is segmented by Type, Application, Distribution Channel, and Geography

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.6 %

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Market Overview

The Kinesio tape market has been projected to record a CAGR of nearly 9.6% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of muscle pain due to accidents and sports. Furthermore, as the increasing geriatric population is more prone toward diseases like arthritis, back pain, and muscle cramps, this is leading to the growth of the market.

According to the United Nations, by 2050, one in four persons living in Europe and Northern America may be aged 65 or above. In 2018, for the first time in record, persons aged 65 or above outstripped children under five years of age, globally. The number of persons aged 80 years or over is predicted to triple, from 143 million in 2019 to 426 million in 2050. Therefore as the elder population increases, the need for Kinesio tapes also increases, which is propelling the overall market growth.

Scope of the Report

As per the scope of the report, Kinesio tape is an adhesive tape used by therapists to change the muscle tone, move lymphatic fluids, correct movement patterns, and improve posture. This report is segmented by type, application, distribution channel, and geography.

By Type
Pre-cut Strips
Roll Forms
By Application
Rehabilitation
Alignment
Pain Management
Other Applications
By Distribution Channel
Franchised Store
E-commerce
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Pre-cut Shape Segment is the Fastest-growing Segment of the Kinesio Tape Market

The growing popularity of pre-cut tapes is due to the reduction of time required to cut down the Kinesio tapes into strips, as they are already cut and pre-shaped. With their rising popularity, the availability of pre-cut strips in a variety of sizes and lengths has increased steadily. Although it contains no medications or topical substances, kinesiology tape can effectively relieve both acute and chronic pain. This is especially effective for pain from scorching injuries, where the intensity of the pain is out of proportion to the severity of the injury. It reduces swelling and inflammation and accelerates the recovery from bruises and contusions and relieves muscle spasms and cramping.

Furthermore, the increasing geriatric population is a major factor propelling the segment growth. As the number of injuries and cramps is increasing, the need and popularity of the pre-cut tapes also increase.

Number of persons aged 60 or above(millions), by Country, 2017

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to factors, such as the presence of key players, high prevalence of accidents and muscle pains and spasms in the region, and established healthcare infrastructure. These are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region, the United States has the maximum share due to supportive healthcare policies, a high number of patients, and a developed healthcare market.

kinesio

Competitive Landscape

The Kinesio Tape market is moderately competitive and consists of several players. There are many manufacturers of kinesiology tapes that compete in the market and provides different product portfolios. Some of the companies that are currently dominating the market are Kinesio Tape, Spidertech Inc, KT TAPE, STRENGTHTAPE, NITTO DENKO CORPORATION, Implus LLC, Atex, DL Medical&Health, Kindmax. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Number of Muscle Pain due to Minor Accidents and Sports

      2. 4.2.2 Increase in the Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Patent Rights Required to Manufacture the Tapes

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Pre-cut Strips

      2. 5.1.2 Roll Forms

    2. 5.2 By Application

      1. 5.2.1 Rehabilitation

      2. 5.2.2 Alignment

      3. 5.2.3 Pain Management

      4. 5.2.4 Other Applications

    3. 5.3 By Distribution Channel

      1. 5.3.1 Franchised Store

      2. 5.3.2 E-commerce

      3. 5.3.3 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Kinesio Tape

      2. 6.1.2 Spidertech Inc

      3. 6.1.3 KT TAPE

      4. 6.1.4 STRENGTHTAPE

      5. 6.1.5 NITTO DENKO CORPORATION

      6. 6.1.6 Implus LLC

      7. 6.1.7 Atex

      8. 6.1.8 DL Medical&Health

      9. 6.1.9 Kindmax

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Kinesio Tape Market market is studied from 2018 - 2026.

The Kinesio Tape Market is growing at a CAGR of 9.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Kinesio Tape, Spidertech Inc, KT TAPE, STRENGTHTAPE, NITTO DENKO CORPORATION are the major companies operating in Kinesio Tape Market.

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