- +1-315-215-1633
- sales@thebrainyinsights.com
The global Medical Stick-to-Skin Adhesives market was valued at USD 2.04 Billion in 2022 and growing at a CAGR of 7.67% from 2023 to 2032. The market is expected to reach USD 4.27 Billion by 2032. Wearable stick-to-skin devices are offering doctors the freedom of time and location independence. These devices help healthcare providers get crucial patient information; based on that, appropriate action can be taken anywhere. It also gives freedom to patients as they don't have to spend hours travelling to clinics and hospitals. Advancements in wearable devices have changed the healthcare sector. For instance, a diabetic patient can easily monitor their glucose level using the continuous monitoring system, a non-invasive on-body device that does not hinder the patient's daily routine. Individuals are also trying to quit the smoke slowly using die-cut transdermal patches, which deliver a certain amount of nicotine into the bloodstream through the skin. All these factors are eventually driving the growth of the medical stick-to-skin adhesives market.
Medical stick-to-skin adhesives are a category of bio-compatible adhesives used to attach medical devices to the skin. It is formulated to offer secure attachment and minimum potential skin damage or irritation after its removal. These adhesives can be used in several medical situations, such as securing sensors and wearable devices for surgical drapes and wound care bandages. These adhesives are important in managing ostomy care, chronic wounds and medical device attachment to monitor vital signs. Also, the surge in healthcare spending, growing demand for minimally invasive surgeries and advancement in technology in the healthcare sector is further propelling the market's growth. Hence, stick-to-skin adhesives are growing in the healthcare and sports sectors for monitoring vital signs. Also, the growing prevalence of infectious and chronic diseases globally has created a demand for drug delivery devices, wound care dressings and wearable medical devices. These factors boost the market growth. The growing requirement for wearable medical devices and the increased importance people place on personalized healthcare are fueling the market. These stick-to-skin adhesives are designed to stick properly to the skin and should be hypoallergenic and comfortable. Advancements in technology have led to the healthcare sector's growing adoption of wearable technology, eventually driving the medical stick-to-skin adhesives market. This adhesive plays a crucial role in making wearable medical devices like electrocardiogram (ECG) patches, continuous glucose monitors and temperature sensors. The medical stick-to-skin adhesive ensures that the device is attached securely to the skin and thus continuously monitors vital signs and health. Remote patient monitoring is also fueling the market's growth as these adhesive materials help make skin-friendly, long-wearing sensors that provide health data to a health provider in real time. It helps in the proactive approach to healthcare management, and thus, there will be early interventions for patients suffering from chronic conditions. Adhesive patches are also used in the delivery of medication through the skin. It offers an easy and non-invasive alternative to the traditional way of drug administration. All these factors are eventually driving the medical stick-to-skin adhesives market.
Get an overview of this study by requesting a free sample
The growing demand for wearable medical devices– There is a growing demand for wearable medical devices like smart patches and continuous glucose monitors. Hence, there is much more focus on patient comfort and convenience for wearable medical devices, leading to the formulation of skin-friendly adhesives that provide proper attachment without any damage or irritation. Moreover, making novel, skin-friendly sticky formulations that support sensitive skin and have longer wear time without any skin irritation or damage further helps with using wearable medical devices. Also, the advancement of technology is leading to the integration of smart technologies using wearable devices to monitor health parameters properly. All these factors are eventually propelling the growth of the Medical Stick-to-Skin Adhesives market.
Allergic reactions– The allergic reactions and skin irritation due to the use of adhesive material in wearable devices and others act as hindrances for the market. The properties of skin differ from person to person, and it changes from one part of the body to another, making it very difficult for the adhesives to be tested and evaluated completely. Also, skin surfaces have wrinkles, pores, hairs, etc., which act as a barrier to adhesion. Moreover, regulatory accordance and stringent clinical testing for safety and efficacy also act as hurdles. All these factors are eventually acting as a restraint to the market.
Advancement in technology– Advancements in technology have led to several types of stick-to-skin adhesives, which fulfil requirements in the healthcare sector. For instance, for cardiac telemetry measurement, the device's accurate positioning is required. Thus, many medical adhesive tapes available have painless and residue-free removal and repositioning on the skin for best measurement. Similarly, continuous glucose monitoring (CGM) devices need reliable and durable patches for better results for long wear time, and with the advancement in technology, skin adhesives with 21 and more days of wear time are available, thus improving the wear comfort of the device and customer experience. All these factors eventually propel the Medical Stick-to-Skin Adhesives market in the forecasting period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global Medical Stick-to-Skin Adhesives market, with a 31.89% share of the market revenue in 2022. This market share is attributed to the surge in the cases of chronic diseases like obesity and diabetes in the region, which lead to regular medical interventions. Also, the growing senior population in the region prefer user-friendly and easy stick-to-skin adhesives for injuries and chronic disease. There is also high healthcare spending along with better healthcare infrastructure in countries like the US and Canada; hence, there is more use of advanced medical devices, eventually driving the medical stick-to-skin adhesive market in the region.
North America Region Medical Stick-to-Skin Adhesives Market Share in 2022 - 31.89%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
The type segment is divided into electrode adhesives, transdermal drug delivery and specialized adhesives. The specialized adhesives segment dominated the market, with a market share of around 48.43% in 2022. This significant share is attributed to a broad range of adhesives customized for particular applications like ostomy devices, wound care, and medical device attachment. Medical professionals need specialized adhesives to take care of the unique requirements of a patient’s condition without damaging the skin and ensure a secure attachment for a longer period.
The product segment is divided into acrylic-based, silicon-based, rubber based and others. The acrylic-based segment dominated the market, with a market share of around 43.33% in 2022. This significant share is attributed to its excellent long-term hold and resistance to chemicals and high temperatures. It is considered best for extended wear and formulated to be hypoallergenic, which is important for sensitive skin applications. Hence, it is broadly used for products like long-term monitoring sensors and ostomy devices.
The end user segment is divided into hospitals & clinics, home care settings and others. The hospitals & clinics segment dominated the market, with a market share of around 72.57% in 2022. Hospitals and clinics need adhesives that can meet stringent sterilization standards and which can help with a high turnover of patients. Hospitals generally prefer products that support many medical applications, from surgery to diagnostics, and need versatility and clinical efficacy.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 2.04 Billion |
| Market size value in 2032 | USD 4.27 Billion |
| CAGR (2023 to 2032) | 7.67% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Type, Product and End User |
North America region emerged as the largest market for the Medical Stick-to-Skin Adhesives.
The market's growth will be influenced by the growing demand for wearable medical devices.
Allergic reactions could hamper the market growth.
Advancement in technology will provide huge opportunities to the market.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global medical stick-to-skin adhesives market based on below mentioned segments:
Global Medical Stick-to-Skin Adhesives Market by Type:
Global Medical Stick-to-Skin Adhesives Market by Product:
Global Medical Stick-to-Skin Adhesives Market by End User:
Global Medical Stick-to-Skin Adhesives by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
