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wearable skin adhesives market

Wearable Skin Adhesives Market Share, Size, Trends, Industry Analysis Report, By Product (Acrylic, Silicon); By End-Use (Hospitals, Ambulatory Surgical Centers, Home Care Settings); By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Sep 2022
  • Pages: 113
  • Format: PDF
  • Report ID: PM2593
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global wearable skin adhesives market was valued at USD 375.88 million in 2021 and is expected to grow at a CAGR 13.6% during the forecast period. The growing demand for wearable skin adhesives is expected to be driven by the increase in lifestyle-related ailments due to poor eating habits and the aging population, which is anticipated to bolster the wearable skin adhesives market's growth.

Wearable Skin Adhesives Market Size
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Wearable skin adhesives are replacing traditional methods to use various devices for every other disease. The ease with which the illness could be monitored and diagnosed is the primary factor that is accelerating the growth in the industry. Furthermore, introducing wireless mobile technologies would drive the demand for wearable skin adhesives. Moreover, remotely tracking and monitoring a wide range of vital indicators boosts the wearable skin adhesives market's growth.

The COVID-19 pandemic has significantly impacted the growth of the wearable skin adhesives market. The demand for the use of remote patient monitoring products increased dramatically, which raised the need for the product of wearable skin adhesives when dealing with a disease that is extremely contagious. Moreover, the electronic patch market was accelerated, and many silicon-based patches and armbands also demand rose after post-covid, which eventually increased the demand for the product.

Wearable skin adhesives have revolutionized over time and are anticipated to grow in the healthcare sector. Moreover, the rise in in-house care settings, consumer knowledge of the advantages of utilizing skin-friendly adhesives, and the growing disposable income of the middle-income consumer are accelerating the wearable skin adhesives market growth.

Industry Dynamics

Growth Drivers
The global wearable skin adhesives market is likely to be driven by the rise in illness among people in the Asia Pacific and the usage of apps on smartphones to monitor and track diseases in regions like  India and China. Furthermore, the prevalence of illnesses among the elderly population and the intake of unhealthy foods is likely to have a positive impact on the market growth for the product.

Baby boomers and aging populations are vulnerable to lifestyle disorders which include diabetes, hypertension, and cardiovascular diseases, which is a significant factor in driving the growth of the industry. Moreover, wireless technology is boosting the growth of the industry; healthcare providers and even patients can track and monitor their blood pressure, heart rate, and glucose level at the convenience of their home, which is one of the major factors leading to the growth of the wearable skin adhesives industry.

Report Segmentation

The market is primarily segmented based on product, application, end-use, and region.

By Product

By Application

By End-Use

By Region

  • Acrylic-based
  • Silicon-based
  • Diagnostic Devices
  • Monitoring Devices
  • Drug Discovery Devices

 

  • Hospitals
  • Ambulatory Surgical Centers
  • Home Care Settings
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Silicon-based segment accounted for the largest share in the market.

The silicon-based market segment accounted for the largest share in 2021 and is expected to have the highest revenue share as it is being applied and used with all skin types from sensitive to delicate.  Silicon-based product is growing in demand because of the ease with which it is used and removed without any pain. Moreover, the adhesives can be applied to wounds as well, and the adhesive layer being strong and intact are likely to contribute to the growth of wearable skin adhesives industry.

The acrylic-based segment is also expected to grow over the forecast period owing to having both the vent and water-based acrylic products, which are usually used during deep wound dressings and many medical fixations.

Monitoring Devices are expected to spearhead the market growth

The demand for monitoring devices is driven by the rising cases of chronic and acute diseases, prevention of diseases. The reason behind the growing demand for the device is that it helps with many daily activities such as monitoring health, performing health-related tasks, and giving reminders about any medications.

In addition, the advancement in technologies and huge consumer adoption of monitoring devices such as watches and armbands for monitoring fitness wealth is expected to drive the segment growth.

Diagnostic devices is anticipated to witness growth owing to their extensive use in diagnosing a particular illness. Many patches and tapes are being introduced to diagnose the sugar level of diabetic patients, which is the major factor that drives the growth of the market. In addition, the increasing demand for wearables devices in the market of healthcare and beauty sector is boosting the growth of the industry.

Hospitals segment is expected to account for the largest share

The hospital segment is expected to dominate the market over the forecast period owing to the increasing number of severe injuries and age and health. Furthermore, various adhesive tapes, strips, and glues are used in hospitals for the damages that take a long time to heal is a significant factor in supporting the industry growth.

Additionally, home care settings are expected to grow over the forecast period owing to the ease and convenience with which the product could be used.

North America is expected to dominate and witness fastest growth over the forecast period

North America is the largest region for wearable skin adhesives. It is expected to witness faster growth over the forecast period owing to the rising awareness about the health of all age groups and the harmful impact of changing lifestyles. In addition, the growing obese population has increased the demand for monitoring devices in the region. Moreover, advancements in technology and the availability of significant players taking initiatives to develop new devices are expected to drive demand over the forecast period.

The Asia Pacific is expected to be the second largest region for wearable skin adhesives on account of the rising healthcare costs, large patient base, and widespread use of smartphones; adhesive wearable is widely growing in demand which is likely to have a positive impact on the revenue growth.

Competitive Insight

Some of the major players operating in the global market include 3M, Adhesive Research, Adhesion Biomedical, Chemence, Dow Corning,Ethion, Elkem Silicons, Kenzenm, H.B.Fuller, Henkel, Mueller Sports Medicine, Numaura Medical, Lohman, Polymer Science, Inc., Proteus Digital Health, Scapa Group, Vancive Medical Technologies

Recent Developments

In October 2021, Scapa healthcare, had a strategic partnership with Synedgen, Inc. which will work together in the field of dermal wounds and surgical care applications.

Wearable Skin Adhesives Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 375.88 million

Revenue forecast in 2030

USD 1,117.57 million

CAGR

13.6% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By Product, By Application, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

3M, Adhesive Research, Adhesion Biomedical, Chemence, Dow Corning,Ethion, Elkem Silicons, Kenzenm, H.B.Fuller, Henkel, Mueller Sports Medicine, Numaura Medical, Lohman, Polymer Science, Inc., Proteus Digital Health, Scapa Group, Vancive Medical Technologies,

Key Take-Away
Polaris Market Research
Global Wearable Skin Adhesives Market Size Report, 2022 - 2030