PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498807
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498807
Medical Stick to Skin Adhesives Market size was valued at USD 2,720.32 Million in 2023, expanding at a CAGR of 8.00% from 2024 to 2032.
Medical stick-to-skin adhesives are biocompatible glue used to attach medical equipment to the skin. It is designed to provide a secure connection while minimizing any skin injury or discomfort following removal. These adhesives can be used in various medical applications, from fastening sensors and wearable devices to surgical drapes and wound care bandages. These adhesives play a significant role in ostomy care, chronic wound management, and medical device attachment for vital sign monitoring.
Medical Stick to Skin Adhesives Market- Market Dynamics
Increased Demand for Wearable Medical Gadgets
There is an increasing need for wearable medical equipment such as smart patches and continuous glucose monitoring. As a result, there is a considerably greater emphasis on patient comfort and convenience for wearable medical equipment, leading to the development of skin-friendly adhesives that offer correct adhesion without causing damage or irritation. Furthermore, developing unique, skin-friendly sticky formulations that support delicate skin and allow for extended wear times without causing skin irritation or damage contributes to the use of wearable medical devices. Moreover, technological advancements are resulting in the integration of smart technologies that use wearable devices to monitor health data accurately. All of these factors eventually contribute to the growth of the Medical Stick-to-Skin Adhesives market.
Medical Stick to Skin Adhesives Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.00% over the forecast period (2024-2032)
Based on Type segmentation In 2023, specialized adhesives dominated the market in the year 2023
Based on Product segmentation, acrylic-based was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Medical Stick to Skin Adhesives Market is segmented on the basis of Type, Product, End User, and Region.
The market is divided into three categories based on Type: Transdermal Drug Delivery Electrode Adhesives, and Specialized Adhesives. In 2023, specialized adhesives controlled the market. This high proportion is related to a diverse range of adhesives designed for specific applications such as ostomy devices, wound care, and medical device attachment. Medical experts demand specialized adhesives to meet the specific needs of a patient's condition while avoiding skin damage and ensuring a secure adhesion for an extended period.
The market is divided into four categories based on Product: Silicone-Based, Acrylic-Based, Rubber-Based, and Others. The acrylic-based category dominated the market in 2023. This considerable proportion is due to its exceptional long-term retention and resilience to chemicals and high temperatures. It is recommended for long-term use and is hypoallergenic, which is useful for applications involving delicate skin. As a result, it is widely employed in items such as long-term monitoring sensors and ostomy appliances.
Medical Stick to Skin Adhesives Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America has emerged as the world's largest market for Medical Stick-to-Skin Adhesives in 2023. This market share is related to an increase in the number of chronic conditions such as obesity and diabetes in the region, which necessitate regular medical interventions. In addition, the region's rising senior population prefers user-friendly, stick-to-skin adhesives for injuries and chronic diseases. There is also high healthcare spending and superior healthcare infrastructure in countries such as the United States and Canada, resulting in increased use of modern medical equipment, ultimately driving the medical stick-to-skin adhesive market in the region.
The Asis Pacific region has the quickest growth rate due to increased investment in developing healthcare facilities. Also, the middle-class population in rising economies such as China and India is growing, increasing spending power. The regional administration is working to improve healthcare accessibility by increasing the number of clinics and hospitals that employ medical adhesives.
The competitive market of medical stick-to-skin adhesives is such that firms compete to offer the most innovative and high-quality adhesive products for medical applications. Key skin-friendliness features, adhesion strength, breathability, and easy removal are focused on to differentiate products. Companies tend to promise such attributes as hypoallergenic materials with gentle adhesives and waterproof properties to meet various medical demands. Understanding the competitive landscape helps buyers assess the range of adhesive products available, compare performance characteristics, and choose the most suitable options for medical applications.
In October, 2023, DuPont created the DuPont Liveo MG 7-9960 Soft Skin Adhesive, which has greater adhesion and a low cyclic silicone content. It is designed for sophisticated wound care dressings and attaching medical devices to the skin. It lasts a long time and can be removed gently. These products would eventually help the company increase its market share in the Medical Stick-to-Skin Adhesives category.
GLOBAL MEDICAL STICK TO SKIN ADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ocular Therapeutix, Inc.
Panacol-elosol GmbH
Mativ Holdings, Inc.
LINTEC Company
Ashland Inc.
Avery Dennison Corporation
Baxter International Inc.
Chemence Medical Inc.
Advanced Medical Solutions Group Plc
Cryolife, Inc.
DuPont de Nemours, Inc.
Dymax Corporation
3M Company
Glaxosmithkline PLC
H.B. Fuller Company
Heartland Adhesives, LLC
Henkel AG & Co. KGaA
Mactac
Smith & Nephew PLC
Master Bond Inc.
Procter & Gamble Company
Medical Devices Business Services, Inc.
Medtronic PLC
Nitto Denko Corporation
DermaMed Coatings Company, LLC
Permabond LLC
Others