MarkNtel Advisors recently published a detailed industry analysis of the Global Wearable Medical Device Adhesives Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Wearable Medical Device Adhesives Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Wearable Medical Device Adhesives Market is projected to grow at a CAGR of around 12.5% during 2022-27, ays MarkNtel Advisors. The market is driven most prominently by the increasing cases of chronic diseases due to lifestyle changes, thereby soaring the need for wearable medical devices for real-time health monitoring. In addition, the booming consumer demand for personalized medical devices like glucose monitoring, drug delivery, diabetes, insulin, diagnostics, etc., shall also surge the sales of adhesives. Numerous healthcare professionals are encouraging the adoption of these devices for remotely & efficiently monitoring the patient biometrics and providing instant diagnosis with suitable treatments, further states the research report.
What are the major Driver the Global Wearable Medical Device Adhesives industry?
- Increasing prevalence of chronic diseases
- Mounting awareness about the benefits of medical devices due to growing health consciousness among people
Growth Restraints
- Lack of investment in R&D activities for Medical Adhesives.
- Extensive development & existing presence of advanced alternatives to wearable smart medical devices
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What segments define the Global Wearable Medical Device Adhesives Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Material Type
- Silicon Based
- Acrylic Based
- Hydrocolloid
- Synthetic Based Rubber
According to report, Of them all, the demand for Silicon-based adhesives for wearable medical devices observed considerable growth. Silicon is biocompatible and has extensive applications across the healthcare sector. Its advantages like adaptability to the body, comfortable patient experience, and easier to clean than other materials are the crucial aspects behind the growing consumer preference for silicon-based wearable medical devices. Hence, several leading players are introducing a new variety of wearables with silicone adhesives by actively investing in the market.
By Device Type
- Diagnostic Device
- Monitoring Device
- Drug Delivery Device
According to report, Of them all, Of them all, Monitoring Devices hold the largest market share in terms of revenue and expect the same trend during 2022-27. It owes principally to the growing popularity of wearable monitoring devices, such as a skin patch with electronic components like sensors & actuators to collect patients’ health data and display them on applications for them & physicians.
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Geographical Analysis: Global Wearable Medical Device Adhesives Market
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Wearable Medical Device Adhesives Market Share & Competitive Landscape:
The Wearable Medical Device Adhesives Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Wearable Medical Device Adhesives Market are:
- 3M
- DuPont
- Scapa Group Plc
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Avery Dennison Medical
- Lohmann GmbH & Co. KG
- Polymer Science, Inc.
- Adhezion Biomedical, LLC
- MBK Tape Solutions
- Tapecon
- Chemence
- Parafix
- Elkem Silicones
- Dow Corning
- Others
Questions Addressed in this Study
1.What factors are driving the Global Wearable Medical Device Adhesives Market growth?
2.How is the Global Wearable Medical Device Adhesives Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Wearable Medical Device Adhesives Market?
4.What is the current size of the Global Wearable Medical Device Adhesives Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Wearable Medical Device Adhesives Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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