Wearable Adhesives Market will register a 13.8% CAGR in terms of revenue and it will reach US$ 490 million by 2024-Major Players: 3M, Dow Corning, Scapa Group, H.B. Fuller, Adhesives Research, Henkel, Vancive Medical Technologies, Lohmann, Elkem Silicones
Wearable Adhesives are used to attach wearable medical devices to the skin. The designing of a suitable adhesive for wearable medical device applications is critical. It is important to ensure that the components such as skin adhesive, the substrate, and the device-hold adhesive work together. The absence of any of these components will not offer the benefits as expected and can bring users discomfort.
Some of the Key players: 3M, Dow Corning, Scapa Group, H.B. Fuller, Adhesives Research, Henkel, Vancive Medical Technologies, Lohmann, Elkem Silicones, Polymer Science, Inc., Adhezion Biomedical, and More
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In consumer electronics, next-generation wearable devices are pushing the envelope when it comes to size, weight, appearance, and capabilities. In the medical device field, however, wearables are at their infancy stage. The same technological advancements that are making consumer electronics lighter and thinner are enabling wearables in medical devices by making them small enough to be comfortable. Great growth is expected in this field over the next few years. One report forecasted a CAGR of 17.7 % in the global wearable medical device market from 2015 to 2020. This is despite current challenges such as a lack of reimbursement and high prices for some of these devices. As the technology matures, these devices will be less costly.
Wearable Adhesives are skin-friendly adhesives for Diagnostic Device, Monitoring Device and Drug Delivery Devices. Currently, Acrylics Based and Silicone Based Wearable Adhesives are popular with best performance. In 2017, Acrylics Based adhesives production value is 108.89 M USD, with a production value of 48.14%. While, Silicone Based Wearable Adhesives grow faster in the next few year.
According to this study, over the next five years the Wearable Adhesives market will register a 13.8% CAGR in terms of revenue, the global market size will reach US$ 490 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Wearable Adhesives business.
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