By Material Type (Silicon Based, Acrylic Based, Hydrocolloid, Synthetic Based Rubber), By Device Type (Diagnostic Device, Monitoring Device, Drug Delivery Device), By Region (North America, South Amer... ... America, South America, Europe, Asia-Pacific, Middle East & Africa), By Countries (US, Canada, Mexico, Brazil, Germany, France, UK, Italy, Spain, UAE, Saudi Arabia, South Africa, China, India, Japan, South Korea, Australia), 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) Read more
- Healthcare
- Dec 2021
- 221
- PDF, Excel, PPT
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:
- Putting together device components
- sticking devices to the skin without causing discomfort
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.”
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 12.5% |
| 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.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of Covid-19 on Global Wearable Medical Device Adhesives Market
- Global Wearable Medical Device Adhesives Market Trends & Insights
- Global Wearable Medical Device Adhesives Market Dynamics
- Drivers
- Challenges
- Impact Analysis
- Global Wearable Medical Device Adhesives Market Regulations & Policy
- Global Wearable Medical Device Adhesives Market Hotspots & Opportunities
- Global Wearable Medical Device Adhesives Market Analysis, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- Silicon Based
- Acrylic Based
- Hydrocolloid
- Synthetic Based Rubber
- By Device Type
- Diagnostic Device
- Monitoring Device
- Drug Delivery Device
- By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
- By Company
- Competition Characteristics
- Revenue Shares
- Competitor Placement in MarkNtel Quadrant
- By Material Type
- Market Size & Analysis
- North America Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- By Device Type
- By Country
- The US
- Canada
- Mexico
- The US Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Canada Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Mexico Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Market Size & Analysis
- South America Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- By Device Type
- By Country
- Brazil
- Others
- Brazil Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Market Size & Analysis
- Europe Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- By Device Type
- By Country
- The UK
- Germany
- France
- Italy
- Spain
- Others
- The UK Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Germany Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- France Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Italy Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Spain Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Market Size & Analysis
- Asia Pacific Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- By Device Type
- By Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- China Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- India Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Japan Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- South Korea Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Australia Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Market Size & Analysis
- Middle East & Africa Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Material Type
- By Device Type
- By Country
- Saudi Arabia
- UAE
- South Africa
- Others
- Saudi Arabia Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- UAE Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- South Africa Wearable Medical Device Adhesives Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Device Type
- Market Size & Analysis
- Market Size & Analysis
- Global Wearable Medical Device Adhesives Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Brand Specialization
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profile (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
- 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
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making