With the burgeoning inclination of consumers toward keeping a health track on them, including the number of steps taken, heart rate, blood pressure levels, etc., the need for innovations in wearable technology is increasing worldwide. To address these demands, several wearable medical device manufacturers are working on producing healthcare devices that are smaller, lighter, and less invasive, which is when adhesives come into the picture with two prominent roles:
The paramount of adhesives in wearable medical devices to foster innovation is playing a crucial role. Hence, the burgeoning production & sales of wearable medical devices would directly impact the demand for adhesives required for them.
The Global Wearable Medical Device Adhesives Market is projected to grow at a CAGR of around 12.5% during 2022-27, says MarkNtel Advisors. The market is driven most prominently by the increasing cases of chronic diseases due to lifestyle changes, thereby soaring the need for wearable medical devices for real-time health monitoring.
In addition, the booming consumer demand for personalized medical devices like glucose monitoring, drug delivery, diabetes, insulin, diagnostics, etc., shall also surge the sales of adhesives. Numerous healthcare professionals are encouraging the adoption of these devices for remotely & efficiently monitoring the patient biometrics and providing instant diagnosis with suitable treatments, further states the research report, “Global Wearable Medical Device Adhesives Market Analysis, 2022.”
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
Covid-19 Positively Impacted the Global Wearable Medical Device Adhesives Market
With the emergence of the Covid-19 pandemic, most industries worldwide underwent a decelerating effect and faced severe unprecedented challenges. Yet, the Global Wearable Medical Device Adhesives Market observed a positive impact.
The pandemic has positively reflected the increased requirement for wearable medical device adhesives in recent years principally due to the growing concerns about health monitoring & observing any Covid-19 symptoms.
Besides, most hospitals worldwide have prioritized treating critical patients only, due to which people hesitate in spending time at hospitals owing to the booming Covid-19 cases. Hence, it has surged the need for remote health monitoring and directly impacted the market.
A negligible decline in the market growth was due to the hampered transportation & logistics and shutdown of manufacturing units amidst the crisis, which delayed product deliveries and restricted the production of new devices.
However, with the swift improvement in the pandemic conditions, several companies worldwide have increased their production and introduced new features. As a result, the demand for wearable medical devices & their adhesives shall well-bolster in the coming years.