Global Demand For Wearable Adhesives Is Anticipated To Increase Rapidly At A CAGR Of 9.3% BY 2033

The global wearable adhesives market is forecasted to achieve a valuation of US$ 900 million by 2033, increasing rapidly at 9.3% CAGR from 2023 to 2033, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider. The term 'wearable technology' refers to electronic items developed for people to wear on their bodies. Wearable technology is frequently employed in navigational systems and healthcare, in addition to commercial applications.

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.factmr.com/connectus/sample?flag=S&rep_id=8334?pj

Increasing prevalence of chronic diseases and obesity is a major factor driving the demand for wearable devices, which is propelling market growth. Moreover, growing customer awareness regarding health and well-being is accelerating the global market expansion. This awareness has increased among the population due to the government's increasing healthcare measures emphasizing the advantages of a healthy lifestyle.

Moreover, the COVID-19 pandemic had a positive impact on the global market due to increasing demand for remote patient monitoring devices. This boosted the sales of wearable adhesives during the pandemic.

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.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• 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

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 - https://www.factmr.com/connectus/sample?flag=RC&rep_id=8334?pj

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

North America is leading the global market. The growing development of advanced technologies, increasing obese population, and rising demand for monitoring devices are contributing to regional market growth. Moreover, Asia Pacific and Europe are expected to experience substantial growth over the next ten years.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

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.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Abbott Laboratories, Inc
• 3M Company
• H.B. Fuller Company
• Adhezion Biomedical, LLC
• Ethicon US LLC
• Chemence Ltd
• Gentag, Inc
• GluStitch Inc

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

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).

𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨:https://www.factmr.com/report/wearable-adhesives-market

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This release was published on openPR.