Press Release

Mounting Prevalence of Chronic Diseases Boosts the Wearable Medical Devices Adhesives Market through 2027

According to MarkNtel Advisors, the Global Wearable Medical Device Adhesives Market is projected to witness around 12.5% CAGR during 2022-27. The market growth attributes primarily to the increasing elderly population and mounting cases of chronic diseases among them. As a result, there's a surging consumer inclination toward using wearable medical devices to keep a regular track of their health, which, therefore, is surging the production & sales of medical adhesives.

In addition, leading players are increasing their production capabilities & introducing new products for patients who prefer an efficient way to monitor health & avoid frequent hospital visits, which is another crucial aspect driving the market.

Mounting Production of Silicon-based Adhesives to Promote Market Growth through 2027

Based on the Material Type, the growing demand for silicone-based adhesives owes to their many advantages like biocompatibility and hydrophobic nature that provides water-resistance to the device & flexibility to meet specific patient needs in the long term use.

Besides, silicone adhesives used in wearable medical devices resist environmental damage over time owing to their high gas & moisture permeability. Additionally, these adhesives have various variants like solid contents & solvent types for their extensive use in several applications. Hence, these aspects aid to their growing demand in the coming years.

Growing Health Awareness across the US population to Drive the Wearable Medical Devices Adhesives Market

On the geographical front, North America has witnessed notable market growth in recent years. It owes to the swiftly rising cases of cardiovascular diseases due to changing lifestyles, thereby soaring the demand for wearable medical devices to monitor patient health status remotely.

Across North America, the US holds a considerable market share due to the increasing production capabilities of prominent market players to fulfill the mounting demand for wearable medical devices, especially after the Covid-19 crisis, reveals MarkNtel Advisors in their research report, "Global Wearable Medical Device Adhesives Market Analysis, 2022."

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Wearable Medical Device Adhesives Market are 3M, DuPont, Scapa Group Plc, H.B. Fuller Company, Henkel AG & Co. KGaA, Avery Dennison Medical, Lohmann GmbH & Co. KG, Polymer Science, Inc., Adhezion Biomedical, LLC, MBK Tape Solutions, Tapecon, Chemence, Parafix, Elkem Silicones, and Dow Corning.

Key Questions Answered in the Study:

1. What are the current & future trends in the Global Wearable Medical Device Adhesives Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Wearable Medical Device Adhesives Market?
5. What are the customer orientation, purchase behavior, and expectations from wearable medical device adhesive providers across the globe?

Market Segmentation:

1. By Material Type (Silicon Based, Acrylic Based, Hydrocolloid, Synthetic Based Rubber)
2. By Device Type (Diagnostic Device, Monitoring Device, Drug Delivery Device)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Countries (US, Canada, Mexico, Brazil, Germany, France, UK, Italy, Spain, UAE, Saudi Arabia, South Africa, China, India, Japan, South Korea, Australia)
5. By Competitors (3M, DuPont, Scapa Group Plc, H.B. Fuller Company, Henkel AG & Co. KGaA, Avery Dennison Medical, Lohmann GmbH & Co. KG, Polymer Science, Inc., Adhezion Biomedical, LLC, MBK Tape Solutions, Tapecon, Chemence, Parafix, Elkem Silicones, Dow Corning)