Medical Stick-to-Skin Adhesives Market Robust Expansion is expected to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Medical Stick-to-Skin Adhesives Market - (By Product (Acrylic-Based, Silicone-Based, Rubber-Based, Hydrogel-based, Others), By Backing Material (Paper, Fabric, Plastic, Other Materials), By Material Type (Electrode Adhesives, Transdermal Drug Delivery Adhesives, Specialized Adhesives), By Application (Surgery, Wound Dressing, Ostomy Seals, Other Applications), By End User (Hospitals & Clinics, Home Care Settings, Other End Users)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Medical Stick-to-Skin Adhesives Market is valued at US$ 2.21 Bn in 2022, and it is expected to reach US$ 4.40 Bn by 2031, with a CAGR of 8.23% during the forecast period of 2023-2031.

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Medical stick-to-skin adhesives are bio-compatible adhesives that attach dressings and medical devices to the skin. Their meticulous composition guarantees a secure hold while minimizing the possibility of skin irritation or damage upon removal. These adhesives have numerous medical uses, such as affixing sensors and wearable technology to surgical drapes and wound care dressings. Medical stick-to-skin adhesives are required to treat ostomies, manage chronic wounds, and connect equipment that monitors vital signs. The market is growing because of several factors, including rising healthcare spending, new medical technology, and a growing need for less invasive surgical procedures. However, Potential barriers to market expansion include skin irritation and allergic reactions to sticky compounds. Compliance with regulations and the necessity of extensive clinical trials to prove safety and effectiveness can sometimes be formidable obstacles.

List of Prominent Players in the Medical Stick-to-Skin Adhesives Market:
• 3M Company (US)
• Scapa Healthcare (Mativ Holdings, Inc.) (UK)
• Johnson & Johnson (US)
• Avery Dennison Corporation (US)
• Smith & Nephew PLC (UK)
• Nitto Denko Corporation (Japan)
• DuPont de Nemours, Inc. (US)
• Medtronic Plc (Ireland)
• B. Braun Melsungen AG (Germany)
• Henkel AG & Co. KGaA (Germany)
• Gelita Medical (Germany)
• Lohmann & Rauscher (Germany)
• Advanced Medical Solutions Group plc (UK)
• Nichiban Co., Ltd. (Japan)
• Polymer Science, Inc. (US)
• Adhezion Biomedical, LLC (US)
• MBK Tape Solutions (Boyd) (US)
• Tapecon, Inc. (US)
• Chemence Medical, Inc. (US)
• Parafix (UK)
• Berry Global Inc. (US)
• DermaMed Coatings Company, LLC (US)
• Paul Hartmann AG (Germany)
• Mactac (US)
• Sekisui Kasei Co., Ltd. (Japan)
• Shurtape Technologies, LLC (US)
• Adhesives Research, Inc. (US)
• Others

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Market Dynamics:
Drivers-
The growing demand for the medical stick-to-skin adhesives market is fueled by the growing need for less invasive surgical procedures, improvements in medical technology, and rising healthcare spending all play a role in the evolution of this market. Medical stick-to-skin adhesives are essential in treating ostomies, managing chronic wounds, and attaching devices that monitor vital signs. With the medical implants sector projected to grow, the medical adhesive market is poised for expansion.

Challenges:
The prime challenge is strict regulations, a shortage of competent individuals and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the medical stick-to-skin adhesives market. Difficult rules, lengthy approval procedures, and differences in laws across countries are potential future roadblocks to the medical adhesive industry's growth. Irritation and skin infection can also result from using the adhesives incorrectly. Due to these potential dangers, medical professionals and patients may hesitate to utilize stick-to-skin adhesives. On the other hand, rising healthcare costs will likely pose difficulties for the medical adhesive industry in the coming years. The COVID-19 pandemic has impacted markets worldwide and shut down several plants to prevent the spread of the virus, which could slow the industry's growth.

Regional Trends:
The North American medical stick-to-skin adhesives market is anticipated to record a maximum market share in revenue. It is projected to grow at a high CAGR in the near future because there are well-established pharmaceutical companies. The high cost of R&D for medical devices is another factor expected to drive the medical adhesive market in this area over the next several years. Besides, Europe had a considerable share in the market due to the need for healthcare services, which is expected to increase in tandem with the population. Increases in healthcare spending, healthcare research, and government programmes to promote the use of cutting-edge technologies like medical stick-to-skin adhesives are all factors that could lead to growth in this industry's market.

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Recent Developments:
• In October 2023, DuPont unveiled its latest product, the DuPontTM LiveoTM MG 7-9960 Soft Skin Adhesive. The high-adhesion, low-cyclic silicone soft skin adhesive (SSA) is specifically developed for advanced wound care dressings and for securely attaching medical devices to the skin for extended periods of time while ensuring easy and gentle removal.
• In Feb 2023, 3M introduced a novel medical adhesive named 3MTM Medical Tape 4578, capable of adhering to the skin for a duration of 28 days. Prior to 2022, prolonged medical adhesives were commonly utilized with a maximum duration of 14 days. Extended usage duration of gadgets and monitors resulted in decreased expenses, increased data collection for improved decision-making, and minimized patient disturbance.

Segmentation of Medical Stick-to-Skin Adhesives Market-
By Product-
• Acrylic-Based
• Silicone-Based
• Rubber-Based
• Hydrogel-based
• Others
By Backing Material
• Paper
• Fabric
• Plastic
• Other Materials
By Material Type
• Electrode Adhesives
• Transdermal Drug Delivery Adhesives
• Specialized Adhesives
By Application
• Surgery
• Wound Dressing
• Ostomy Seals
• Other Applications
By End User
• Hospitals & Clinics
• Home Care Settings
• Other End Users
By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.