Medical Stick-to-Skin Adhesives Market by Type, Product, Backing Material, Application, End Use

Description

List of Tables

[180 Pages Report] The Medical Stick-to-Skin Adhesives Market size was estimated at USD 2.61 billion in 2023 and expected to reach USD 2.80 billion in 2024, at a CAGR 7.49% to reach USD 4.33 billion by 2030.

Medical stick-to-skin adhesives are a class of bio-compatible adhesives used for attaching medical devices or dressings to the skin. They are formulated to provide secure attachment while minimizing potential skin irritation or damage upon removal. These adhesives are used in various medical scenarios, ranging from securing wearable devices and sensors to wound care dressings and surgical drapes. Medical stick-to-skin adhesives play a critical role in the management of chronic wounds, ostomy care, and the attachment of medical devices for monitoring vital signs. Further, increasing healthcare expenditures, along with advancements in medical technologies and a rising preference for minimally invasive surgeries, further contribute to market expansion. However, skin irritation and allergic reactions caused by adhesive materials may limit the market growth. Further, regulatory compliance and the need for rigorous clinical testing to demonstrate safety and efficacy can also pose significant hurdles. Nevertheless, the development of novel, skin-friendly adhesive formulations that accommodate sensitive skin or allow for longer wear time without skin damage is expected to provide growth prospects for the market. Moreover, the integration of smart technologies for monitoring health parameters via wearable devices provides an avenue for expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.61 billion
Estimated Year [2024]	USD 2.80 billion
Forecast Year [2030]	USD 4.33 billion
CAGR (%)	7.49%

Regional Insights

The Americas region showcases strong growth for medical stick-to-skin adhesives owing to increasing chronic diseases such as diabetes and obesity in the Americas, leading to an increased need for medical interventions. Moreover, the Increasing elderly population in the region demands user-friendly and gentle stick-to-skin adhesives for chronic diseases and skin injuries. A well-developed healthcare system, coupled with high healthcare expenditure, especially in the United States and Canada, supports the adoption of modern medical adhesives. The EMEA region, notably the EU, has stringent regulations for medical products that prioritize patient safety and product quality, influencing demand for high-standard medical adhesives. Major economies in the EU region allocate significant resources to healthcare, which includes sophisticated medical devices that require medical adhesives. The presence of major medical adhesive companies in Europe drives innovation and adoption of new stick-to-skin technologies. In the APAC region, major economies are showing opportunistic prospects for the adoption of stick-to-skin adhesives owing to developments in healthcare systems and higher spending capacity on healthcare products. Governments in the region are focusing on expanding healthcare access, increasing the number of hospitals and clinics that utilize medical adhesives. Furthermore, the surge in local manufacturing of medical products, including adhesives, contributes to market growth through accessibility and cost-effectiveness.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Medical Stick-to-Skin Adhesives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing inclination towards minimally invasive surgical procedures
- Use of transdermal patches to treat chronic conditions worldwide
- Growing number of government approvals for stick-to-skin patches

Market Restraints
- Skin reactions and allergy risks associated with the usage of stick-to-skin adhesives

Market Opportunities
- Ongoing advancements in the formulation of medical adhesives
- Potential adoption of medical adhesives across dermatology and cardiology applications

Market Challenges
- Biocompatibility and degradation issues with certain medical adhesives

Market Segmentation Analysis
- Type: Rising use of transdermal drug delivery adhesives for direct administration of medication
- Product: Use of silicone-based for minimal skin irritation
- Application: Proliferating usage of medical stick-to-skin adhesives for surgical purposes
- End Use: Evolving penetration of stick-to-skin adhesives in home care settings

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medical Stick-to-Skin Adhesives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Medical Stick-to-Skin Adhesives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Pushing Boundaries in Health Tech: 3M Launches New Medical Adhesive Offering Premium Wear Time, Up To 28 Days

3M unveiled an innovative medical adhesive that promises to set a new standard in the industry. This cutting-edge product, designed for sustained adherence to the skin, brings forth a remarkable wear time of up to 28 days. Engineered to meet the rigorous demands of long-term medical care, this adhesive mitigates the challenges associated with frequent replacement, offering patients enhanced comfort and security. [Published On: 2023-02-06]

H.B. Fuller Launches New Adhesive for Medical Applications

H.B. Fuller has introduced a product catering specifically to medical applications. This novel adhesive is skilfully engineered to securely adhere to the skin, bolstering the integrity of medical device attachment in various healthcare scenarios. As part of H.B. Fuller's expansive product line, this adhesive signifies a pivotal advancement within the med-tech sector, offering a trustworthy solution to manufacturers aiming to improve functionality and patient compliance with their medical devices. [Published On: 2023-01-16]

PolarSeal Collaborated with 3M and FLEXcon for Wearables

PolarSeal joined forces with 3M and FLEXcon to meet the burgeoning demand for advanced stick-to-skin adhesives, integral to the wearables market. This alliance underscores a commitment to enhancing patient experiences through breakthrough adhesive solutions that meet stringent medical industry standards, offering a glimpse into the future of medical wearable technologies. [Published On: 2022-10-07]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medical Stick-to-Skin Adhesives Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Medical Stick-to-Skin Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advanced Medical Solutions Group Plc, Ashland Inc., Avery Dennison Corporation, Baxter International Inc., Chemence Medical Inc., Cryolife, Inc., DermaMed Coatings Company, LLC, DuPont de Nemours, Inc., Dymax Corporation, Glaxosmithkline PLC, H.B. Fuller Company, Heartland Adhesives, LLC, Henkel AG & Co. KGaA, Mactac, a LINTEC Company, Master Bond Inc., Mativ Holdings, Inc., Medical Devices Business Services, Inc., Medtronic PLC, Nitto Denko Corporation, Ocular Therapeutix, Inc., Panacol-elosol GmbH, Permabond LLC, Procter & Gamble Company, and Smith & Nephew PLC.

Market Segmentation & Coverage

This research report categorizes the Medical Stick-to-Skin Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Electrode Adhesives
- Specialized Adhesives
- Transdermal Drug Delivery Adhesives

Product
- Acrylic-Based
- Hydrogel-Based
- Rubber-Based
- Silicone-Based

Backing Material
- Fabric
- Paper
- Plastic

Application
- Ostomy Seals
- Surgery
- Wound Dressing

End Use
- Home Care Settings
- Hospitals & Clinics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-3F5063247EFF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing inclination towards minimally invasive surgical procedures
  - 5.1.1.2. Use of transdermal patches to treat chronic conditions worldwide
  - 5.1.1.3. Growing number of government approvals for stick-to-skin patches
- 5.1.2. Restraints
  - 5.1.2.1. Skin reactions and allergy risks associated with the usage of stick-to-skin adhesives
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements in the formulation of medical adhesives
  - 5.1.3.2. Potential adoption of medical adhesives across dermatology and cardiology applications
- 5.1.4. Challenges
  - 5.1.4.1. Biocompatibility and degradation issues with certain medical adhesives
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising use of transdermal drug delivery adhesives for direct administration of medication
- 5.2.2. Product: Use of silicone-based for minimal skin irritation
- 5.2.3. Application: Proliferating usage of medical stick-to-skin adhesives for surgical purposes
- 5.2.4. End Use: Evolving penetration of stick-to-skin adhesives in home care settings
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Medical Stick-to-Skin Adhesives Market, by Type

6.1. Introduction
6.2. Electrode Adhesives
6.3. Specialized Adhesives
6.4. Transdermal Drug Delivery Adhesives

7. Medical Stick-to-Skin Adhesives Market, by Product

7.1. Introduction
7.2. Acrylic-Based
7.3. Hydrogel-Based
7.4. Rubber-Based
7.5. Silicone-Based

8. Medical Stick-to-Skin Adhesives Market, by Backing Material

8.1. Introduction
8.2. Fabric
8.3. Paper
8.4. Plastic

9. Medical Stick-to-Skin Adhesives Market, by Application

9.1. Introduction
9.2. Ostomy Seals
9.3. Surgery
9.4. Wound Dressing

10. Medical Stick-to-Skin Adhesives Market, by End Use

10.1. Introduction
10.2. Home Care Settings
10.3. Hospitals & Clinics

11. Americas Medical Stick-to-Skin Adhesives Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Medical Stick-to-Skin Adhesives Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Medical Stick-to-Skin Adhesives Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Pushing Boundaries in Health Tech: 3M Launches New Medical Adhesive Offering Premium Wear Time, Up To 28 Days
- 14.3.2. H.B. Fuller Launches New Adhesive for Medical Applications
- 14.3.3. PolarSeal Collaborated with 3M and FLEXcon for Wearables
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio