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: