Market Size of Global Kinesio Tape Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 9.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kinesio Tape Market Analysis
The Global Kinesio Tape Market is expected to register a CAGR of 9.60% during the forecast period.
The factors driving the growth of the studied market are the rise in muscle pain due to minor accidents and sports and an increase in the geriatric population. For instance, according to the National Safety Council (NSC), in 2023 exercise equipment accounted for about 445,642 injuries in the United States, the most in any category of sports and recreation. Next, to exercise equipment injuries, the injuries caused by bicycles and accessories accounted for 405,411 in 2022.
Similarly, the revised World Population Prospects by the United Nations in 2022, reported that in the year 2022, there were 771 million people aged 65 years or over globally. The older population is projected to reach 994 million by 2030 and 1.6 billion by 2050. This age group is at high risk for various age-related illnesses, which require the help of personal mobility.
The growing burden of accidents sports injuries and the geriatric population is expected to boost the demand for pre-cut strips over the forecast period. For instance, as per the Statistisches Bundesamt in November 2022, Germany experienced just over 29,000 injuries due to traffic accidents. In addition, according to the Federal Statistical Office (Destatis), the above-stated number climbed by slightly under 2,400, or 9%, over the same month last year.
Thus, the growing burden of injuries and accidents is expected to boost the market growth over the forecast period. However, patent rights required to manufacture tapes may restrain the market growth.
