Global Wearable Medical Device Adhesives

Global Wearable Medical Device Adhesives Market Research Report: Forecast (2022-2027)

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 Read more

  • Healthcare
  • Dec 2021
  • 221
  • HC10240

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 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.

Global Wearable Medical Device Adhesives Market Research Report: Forecast (2022-2027)

Market Segmentation

Based on the Material Type, the Global Wearable Medical Device Adhesives market segments into:

  • Silicon-Based
  • Acrylic Based
  • Hydrocolloid
  • Synthetic Based Rubber

Of them all, the demand for Silicon-based adhesives for wearable medical devices observed considerable growth. Silicon is biocompatible and has extensive applications across the healthcare sector. Its advantages like adaptability to the body, comfortable patient experience, and easier to clean than other materials are the crucial aspects behind the growing consumer preference for silicon-based wearable medical devices. Hence, several leading players are introducing a new variety of wearables with silicone adhesives by actively investing in the market. 

Moreover, the bolstering need for silicone-based adhesives owes to their hydrophobic nature, flexibility & durability for a longer duration, and many others, coupled with their availability in solid content & solvent types across several applications.

In 2020, 3M announced 2480 3M Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner with stronger adhesion, lengthier wear duration, and high tack & sheer performance in several medical devices like glucose monitoring systems, wearable monitors, and sleep & incontinence devices.

On the other hand, based on the Device Type, the Global Wearable Medical Device Adhesives Market segments into:

  • Diagnostic Devices
  • Monitoring Devices
  • Drug Delivery Devices

Of them all, Monitoring Devices hold the largest market share in terms of revenue and expect the same trend during 2022-27. It owes principally to the growing popularity of wearable monitoring devices, such as a skin patch with electronic components like sensors & actuators to collect patients' health data and display them on applications for them & physicians. 

A prominent example of such a device is a mobile ECG monitor that records the electrocardiogram data of the patient using wireless monitoring delivery that can be attached to the chest or fingers. Hence, due to the growing adoption of these devices, the need for adhesives used in them is also rising and driving the market, reveals MarkNtel Advisors in their research report, "Global Wearable Medical Device Adhesives Market Analysis, 2022."

Regional Landscape

Based on the Geography, the Global Wearable Medical Device Adhesives Market expand across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Of them all, North America has displayed significant market expansion in recent years. It owes to the swiftly rising incidence of cardiovascular diseases among people due to their changing lifestyles, which drives them toward using wearable medical devices for the constant monitoring of their health status. 

Besides, the Covid-19 pandemic in 2020 also displayed an increasing adoption of wearable medical devices across North America, as it became a necessity among people to track their health continuously. Hence, the growing need for these devices positively influenced the regional market.

In 2020, scientists in Washington developed a stamp-sized wearable medical device to measure blood oxygen levels & body temperature for the early diagnosis of Covid-19.

In the same year, Fitbit launched a device, 'Fitbit Sense,' which inherits advanced heart rate tracking & exercise tracking modes. It also helps in measuring the ECG (Electrocardiogram) to detect any atrial fibrillation.

The US holds a considerable regional market share due to the participation of prominent market leaders in enhancing their production capabilities, especially amidst the Covid-19 pandemic, to suffice the mounting need for wearable medical devices and promote the overall market expansion.

Besides, in 2019, US Census Bureau stated that around 16.6% US population is aged 65 and above, and this stat shall reach up to 22% by 2050.

Hence, the need for healthcare monitoring devices among the elderly population is projected to rise substantially, which, in turn, would create remunerative growth opportunities for leading market players across North America in the coming years.

Market Dynamics:

Key Drivers

  • Increasing prevalence of chronic diseases
  • Mounting awareness about the benefits of medical devices due to growing health consciousness among people

Growth Restraints

  • Lack of investment in R&D activities for Medical Adhesives.
  • Extensive development & existing presence of advanced alternatives to wearable smart medical devices

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Wearable Medical Device Adhesives Market?
  2. What are the region-wise industry size, drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Wearable Medical Device Adhesives Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Wearable Medical Device Adhesives Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Wearable Medical Device Adhesives Market study?

Frequently Asked Questions

A. The Global Wearable Medical Device Adhesives Market is projected to grow at a CAGR of around 12.5% during 2022-27.

A. The demand for Silicon-based adhesives used in wearable medical devices is anticipated to emerge as an area of lucrative opportunities for the leading players in the Global Wearable Medical Device Adhesives Market during 2022-27.

A. The swiftly raising awareness about the benefits of wearable medical devices due to growing health consciousness among people shall drive the Global Wearable Medical Device Adhesives Market through 2027.

A. Due to the increasing production of new medical wearables, coupled with new features in them, especially amidst the Covid-19 crisis, the overall market growth is projected to soar significantly in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of Covid-19 on Global Wearable Medical Device Adhesives Market
  4. Global Wearable Medical Device Adhesives Market Trends & Insights
  5. Global Wearable Medical Device Adhesives Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  6. Global Wearable Medical Device Adhesives Market Regulations & Policy
  7. Global Wearable Medical Device Adhesives Market Hotspots & Opportunities
  8. Global Wearable Medical Device Adhesives Market Analysis, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
        1. Silicon Based
        2. Acrylic Based
        3. Hydrocolloid
        4. Synthetic Based Rubber
      2. By Device Type
        1. Diagnostic Device
        2. Monitoring Device
        3. Drug Delivery Device
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East & Africa
      4. By Company
        1. Competition Characteristics
        2. Revenue Shares
        3. Competitor Placement in MarkNtel Quadrant
  9. North America Wearable Medical Device Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
      2. By Device Type
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    4. Canada Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    5. Mexico Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
  10. South America Wearable Medical Device Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
      2. By Device Type
      3. By Country
        1. Brazil
        2. Others
    3. Brazil Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
  11. Europe Wearable Medical Device Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
      2. By Device Type
      3. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Others
    3. The UK Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    4. Germany Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    5. France Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    6. Italy Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    7. Spain Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
  12. Asia Pacific Wearable Medical Device Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
      2. By Device Type
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    4. India Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    5. Japan Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    6. South Korea Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    7. Australia Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
  13. Middle East & Africa Wearable Medical Device Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Material Type
      2. By Device Type
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Others
    3. Saudi Arabia Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    4. UAE Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
    5. South Africa Wearable Medical Device Adhesives Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Device Type
  14. Global Wearable Medical Device Adhesives Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profile (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. 3M
      2. DuPont
      3. Scapa Group Plc
      4. H.B. Fuller Company
      5. Henkel AG & Co. KGaA
      6. Avery Dennison Medical
      7. Lohmann GmbH & Co. KG
      8. Polymer Science, Inc.
      9. Adhezion Biomedical, LLC
      10. MBK Tape Solutions
      11. Tapecon
      12. Chemence   
      13. Parafix
      14. Elkem Silicones
      15. Dow Corning
      16. Others
  16. Disclaimer