Kinesio Tape Market Research Report 2022 – 2030 | Size, Share and Trend with RISK Analysis
A rehabilitation tape technique called kinesio tape is founded on the body’s natural healing process. Without affecting the patient’s blood flow or range of natural motion, it offers support and rigidity to their joints and muscles. During the forecast period of 2023–2030, the Middle East & Africa Kinesio tape market is anticipated to expand at a robust CAGR of 6.5%.
The Middle East & Africa kinesio tape market trends is growing rapidly. The popularity of kinesiology methods and the growing demand for kinesio tapes have increased this market’s revenue. Additionally, Kinesiology tape is a simple technique, but it necessitates some understanding of the structure and physiology of the human body. People can become conscious of the technique by participating in training programmes and workshops about the use of kinesiology tapes.
A greater number of people will use kinesiology tapes regularly for medical and athletic reasons as awareness of their benefits grows. It will undoubtedly have a beneficial effect on the increase in kinesiology product sales. The lack of significant copyright clauses makes it comparatively simple to start a kinesiology tape manufacturing business. This opens up fantastic possibilities for newcomers to the industry. By 2022, the market is anticipated to show consistent development, breaking its previous value growth records and exhibiting a remarkable CAGR from 2023 to 2030.
Middle East & Africa Kinesio Tape Market – Competitive Analysis
Atex Medical Co. Ltd., Changzhou DL Medical & Health Equipment Co. Ltd, FysioTape B.V., Kinesio USA (Kinesio Holding Corporation), KT Health (KT Tape), Mueller Sports Medicine Inc, Nitoms,Inc. (Nitto Denko Corporation), RockTape, and SpiderTech are some of the prominent players at the forefront of competition in the Middle East & Africa Kinesio tape Market and are profiled in MRFR Analysis.
Characterized by the presence of several well-established and small players, the Middle East & Africa market of Kinesio tape market research appears to be highly competitive and fragmented. With well-established market in the North America region major companies have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.
Kinesiology tapes were developed by Dr. Kenzo Kase during his chiropractice in Japan. Dr. Kenzo Kase has formed a company named Kinesio USA. Kinesio tape technique has gradually spread since then all across the world. Many companies have studied the methodology behind the kinesiology tape and have come up with their modified products. Most of the companies operating in the Kinesiology tape market are privately held and dominate the regions where they are located. Few companies such as Kinesio USA (Kinesio Holding Corporation), RockTape have developed a strong distribution channel across other continents and they operate in multiple regions.
However, Kinesio tape techniques has received very limited if not no support from the governmental organizations. There can be many reasons for it, one being the skepticism of the scientists for the theory behind the kinesio tape technique. Scientists and medical experts have always been cynical about the effectiveness of the kinesio tape technique in pain management and medical rehabilitation purpose. Questions are raised about kinesio tape, whether it really is that effective or just a hype. On the other hand, private companies are continuously promoting the use of the kinesio tapes by applying different marketing strategies. Endorsement of the product by the famous sporting celebrities has definitely had a positive impact on the sale of the kinesio tapes all over the world. Overall Kinesio tape market is significantly dominated by the private companies taking approximately 90% share of the total market.
Middle East & Africa Kinesio Tape Market – Regional Analysis
In 1994 and 1996, kinesio tape method was introduced in Asia and Europe respectively. Later, the kinesiology techniques spread gradually all over the world. In 2008, Most of the world observed the kinesiology tapes sported by some of the athletes in Olympics. The use in the Olympic event caused a surge in the interest of people in the kinesiology techniques and products. The products were commercialized, manufactured and sold by many companies to fulfill the sudden demand for the kinesio tapes.
In the Middle Eastern region, the use of the kinesiology tape is relatively low as compared to the other regions. Major application area of the kinesiology tapes in the Middle Eastern countries is medical rehabilitation. The use of the kinesio tapes for sports applications is limited in the Middle East region.
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