PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515456
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515456
Asia Pacific Medical Stick-to-Skin Adhesives Market was valued at USD 560.32 million in 2023, expanding at a CAGR of 8.2% from 2024 to 2032.
Medical stick-to-skin adhesives play a vital role in healthcare, as they are created to effectively stick to the skin while ensuring patient comfort and facilitating different medical procedures. These materials, such as adhesive tapes and bandages, are tailored to adhere to the skin without causing harm or unease. They are utilized in various medical scenarios, including wound care, securing medical devices, and administering medication. Ongoing efforts in their development aim to enhance patient comfort, improve adhesion, and advance therapeutic results in diverse medical environments worldwide.
Asia Pacific Medical Stick-to-Skin Adhesives Market- Market Dynamics
O Growing demand for advanced medical technologies, including adhesive products for wound care, surgical procedures, and wearable medical devices is anticipated to propel market expansion
Adhesive products play a crucial role in securing wound dressings and facilitating healing within healthcare settings. As surgical techniques progress, the demand for high-performance adhesives that offer strong adhesion without causing skin damage is expected to rise. The growing popularity of wearable health technologies also necessitates adhesive solutions that can effectively support their functions. China, with a 70% import rate, is a key player in global medical device manufacturing, largely dominated by foreign multinational corporations. According to the International Trade Administration, the medical device market in China is projected to expand at a Compound Annual Growth Rate (CAGR) of 8.3% between 2021 and 2026, reaching a value of USD 48.8 billion by 2026. Medical device imports account for three-quarters of China's market, with U.S. suppliers holding a 27.2% share of China's medical device imports in 2021, totaling USD 5.62 billion. Furthermore, emerging regions with improving healthcare infrastructure and increasing healthcare spending offer substantial growth prospects for the market. Nevertheless, concerns regarding skin irritation and allergic reactions resulting from adhesive usage could hinder market growth.
Asia Pacific Medical Stick-to-Skin Adhesives Market- Key Insights
v As per the analysis shared by our research analyst, the Asia Pacific Medical Stick-to-Skin Adhesives market is estimated to grow annually at a CAGR of around 8.2% over the forecast period (2024-2032)
v Based on Product segmentation, Acrylic-Based was predicted to show maximum market share in the year 2023
v Based on Material segmentation, Fabric was the leading type in 2023
v Based on Type segmentation, Specialized Adhesives was the leading type in 2023
v Based on Application segmentation, Wound Dressing was the leading type in 2023
v Based on end user segmentation, Hospitals & Clinics was the leading type in 2023
v Based on country, china was the leading revenue generator in 2023
The Global Asia Pacific Medical Stick-to-Skin Adhesives Market is segmented based on Product, Material, Type, Application, End User, and Region.
The market is segmented into four divisions based on product type: Acrylic-Based, Silicone-Based, Rubber-Based, Hydrogel-Based, and others. Acrylic-based products dominate the market share. These adhesives are highly regarded for their biocompatibility, flexibility, and strong adhesion capabilities, which render them ideal for a range of medical uses including wound dressings, medical tapes, and wearable medical devices.
The market is divided into three categories based on Material: Paper, Fabric, Plastic, and Other. Fabric has the highest market share. Fabric adhesives provide a combination of fabric properties and adhesive technology, delivering benefits like breathability, flexibility, and comfort.
The market is divided into three categories based on Type: Electrode Adhesives, Transdermal Drug Delivery Adhesives, and Specialized Adhesives. Specialized Adhesives dominate the market share. Personalized for the healthcare sector, specialized medical adhesives for skin adhesion meet specific needs and uses. These adhesives are personalized to offer distinct features for different medical needs, ensuring excellent performance, safety, and patient comfort.
The market is segmented into three divisions based on its Application: Surgery, Wound Dressing, Ostomy Seals, and Others. Wound Dressing dominates the market share. Within the Asia Pacific region, medical stick-to-skin adhesives are widely employed in wound dressings for their essential contribution to wound care management.
The market is divided into two segments based on the end-user: Hospitals & Clinics, Home Care Settings, and Others. Hospitals & Clinics are the leading force in the market. Medical stick-to-skin adhesives are essential in hospitals and clinics throughout the Asia Pacific region, aiding in effective wound care management, surgical procedures, and medical device fixation, propelled by advancements in healthcare infrastructure and technology.
Asia Pacific Medical Stick-to-Skin Adhesives Market- Geographical Insights
The analysis of the market covers countries like India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, as well as the rest of the Asia Pacific (APAC) region. China is leading the Stick-to-Skin Adhesives market, due to increasing investments in healthcare infrastructure and services. China has consistently been boosting its investments in healthcare infrastructure to modernize facilities and improve access to healthcare services in urban and rural areas.
The Asia Pacific medical stick-to-skin adhesives market is highly competitive, with manufacturers and suppliers working hard to keep up with the growing demand for advanced wound care solutions, surgical products, and medical device fixation solutions. These companies are tailoring their adhesive products to meet the specific needs of different regions within the healthcare sector. Furthermore, they are constantly innovating by introducing new technologies and formulations to adapt to changing clinical requirements and enhance patient outcomes. Manufacturers are expected to prioritize the development of adhesive solutions that not only comply with strict regulatory standards but also prioritize patient comfort and support the evolving needs of healthcare providers in the region.
v In February 2023, 3M revealed its latest medical adhesive, designed to adhere to the skin for a maximum of 28 days. This product is meant to be used with various health monitors, sensors, and long-term medical wearables. Before 2022, extended medical adhesives were typically worn for up to 14 days. 3M has now extended that standard to provide a more patient-centred approach to care.
v In October 2023, DuPont unveiled its latest product, the DuPont Liveo MG 7-9960 Soft Skin Adhesive. This silicone soft skin adhesive (SSA) offers superior adhesion and low cyclic, specifically crafted for use in advanced wound care dressings and securing medical devices to the skin for extended periods with minimal skin irritation upon removal.
ASIA PACIFIC MEDICAL STICK-TO-SKIN ADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
O 3M Company
O Johnson & Johnson
O Avery Dennison Corporation
O Smith & Nephew PLC
O Nitto Denko Corporation
O DuPont de Nemours, Inc.
O Medtronic PLC
O B.Braun Melsungen AG
O Henkel AG & Company, KGaA
O Lohmann & Rauscher GmbH & Co. KG
O Others