Press release
Increasing Demand for Wearable Devices Drives Growth in the Adhesives Market
Sticking a wearable gadget to the skin can be difficult. That is why a suitable adhesive is essential for holding the device together or adhering the device to the wearer's skin. Wearable adhesives are intended for human skin and applications that need short- to long-term wear. Wearable adhesives can be utilized to stick numerous medical devices to a patient's skin to gather data about the patient's health or to track the patient's activity. Patients suffering from chronic ailments such as cardiovascular disease or diabetes benefit from wearable devices. These devices provide valuable data on blood glucose levels, blood pressure, and breathing patterns.
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Key Takeaways from Market Study
The global wearable adhesives market amounted to US$ 370 million in 2023.
Worldwide demand for wearable adhesives is anticipated to surge at a CAGR of 9.3% during the forecast period (2023 to 2033).
The global market is estimated to garner US$ 900 million by 2033.
North America held 35% share of the global market in 2022.
Silicone-based adhesives accounted for 50% share of the worldwide market in 2022.
"The global wearable adhesives market is benefitting significantly from factors such as increased incidence of chronic diseases, expanding obese population, technological improvements, and new product releases," says a Fact.MR analyst.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐ผ๐ณ ๐ช๐ฒ๐ฎ๐ฟ๐ฎ๐ฏ๐น๐ฒ ๐๐ฑ๐ต๐ฒ๐๐ถ๐๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
By Product :
Acrylic-based
Silicone-based
By Application :
Diagnostic Devices
Monitoring Devices
By End User :
Hospitals
Ambulatory Surgical Centers
Home Care Settings
By Region :
North America
Latin America
Europe
Asia Pacific & China
Middle East & Africa
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ - https://www.factmr.com/connectus/sample?flag=RC&rep_id=8334
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Key players in the wearable adhesives market are working on increasing their market presence through a variety of strategic efforts. Key market participants are concentrating on new developments, acquisitions, and partnerships and collaborations. This not only allows them to expand their product portfolio but also allows them to develop a strong market presence and expand their global footprint. Furthermore, several start-ups are entering the worldwide market with innovative stick-to-skin materials.
3M collaborated with PolarSeal Tapes & Conversions, a developer of medical device solutions, in October 2022. Companies collaborated to create wearable medical device adhesive solutions.
In September 2022, 3M partnered with Epicore Biosystems, a digital health firm, and Innovize, Inc., a specialized medical device maker. This alliance aims to address a variety of issues by utilizing better and safer healthcare solutions.
3M unveiled 3M Medical Tape 4576, an adhesive tape intended to secure medical equipment to a patient's skin, in April 2022. The product provides skin devices with greater flexibility, and adhesion.
3M introduced 3M Hi-Tack Silicone Adhesive Tapes, a next-generation silicone adhesive, in November 2020. The product is repositionable, conformable, and flexible, making it compatible with a variety of medical devices, such as wearable cardiac monitors, glucose monitoring systems, and sleep and incontinence devices.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
Abbott Laboratories, Inc
3M Company
H.B. Fuller Company
Adhezion Biomedical, LLC
Ethicon US LLC
Chemence Ltd
Gentag, Inc
GluStitch Inc
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐๐๐ ๐ก๐ผ๐ -https://www.factmr.com/checkout/8334
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐ข๐ณ๐ณ๐ฒ๐ฟ
Fact.MR, in its new offering, presents an unbiased analysis of the global wearable adhesives market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market on the basis of product (acrylic-based, silicone-based), application (diagnostic devices, monitoring devices), and end user (hospitals, ambulatory surgical centers, home care settings), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
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