Asia Pacific to Witness High CAGR in the Wearable Skin Adhesives Market
The Global Wearable Skin Adhesives Market size was estimated at USD 350 million in 2022 and is anticipated to reach around USD 670 million by 2032, growing at a CAGR of roughly 8% between 2023 and 2032.
CMI research report offers a 360-degree view of the Wearable Skin Adhesives market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Wearable Skin Adhesives market.
Wearable Skin Adhesives Market: Overview
The prevalence of chronic diseases, including diabetes, cardiovascular diseases, and cancer, is rising, which is the key factor driving demand for wearable skin adhesives. The sales of wearable skin adhesives are rising due to technological advancements, an increase in obesity, and the release of new products.
Browse the full “Wearable Skin Adhesives Market Size, Trends and Insights By Product (Silicone-based, Acrylic-based, Others), By Application (Monitoring Devices, Diagnostic Devices, Drug Delivery Devices), By End-use (Hospitals, Home Care Settings, Ambulatory Surgical Centers, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032″ report at https://www.custommarketinsights.com/report/wearable-skin-adhesives-market/
More healthcare professionals and patients can now track their key health indicators, such as blood pressure and heart rate, thanks to wireless technology propelling the wearable skin adhesives industry. Additionally, rising smartphone usage that also aids in identifying health risk factors and growing awareness of the prevention of chronic diseases are drivers in the market’s expansion.
Another element anticipated to propel the wearable skin adhesives market is consumers’ rising focus on physical health. Wearable skin adhesive sales are surging as a result of increased government campaigns to increase awareness of the prevention of obesity, which can result in the emergence of chronic illnesses on a national scale.
The COVID-19 pandemic had a very favorable effect on the industry. There was a growing emphasis on personal health among patients and other people because a sizable number of patients with chronic diseases were at a high risk of contracting the virus or becoming ill from it.
Additionally, many patients with diabetes and high blood pressure had to monitor their blood sugar and blood pressure levels to avoid hospitalization and any serious consequences due to the temporary closure of most services and changes in healthcare priorities. As economies stabilize, the wearable skin adhesives market is anticipated to grow even more over the coming years.
The market for Wearable Skin Adhesives is segmented into product, application, and end-user.
By application, due to its extensive usage across various sensitive and delicate skin types, the silicone-based sector had the greatest market share of over 50.0% in 2022. Silicone is simple to work with and virtually painless to remove. Additionally, it has a long lifespan because of its chemical stability and resistance to moisture and the elements. In most situations, silicone-based adhesives are the best choice because they create a solid, long-lasting bond. For this reason, manufacturers in the industry are always attempting to introduce new silicone-based goods.
A vast patient pool, a growing elderly population, a move towards sedentary lifestyles, and rising healthcare costs are all contributing factors that will cause the Asia Pacific to experience the fastest growth in the wearable skin adhesives market throughout the projection period.
The International Diabetes Federation estimates that 90 million adults in the South-East Asia Region will have diabetes in 2022, which will rise to 113 million by 2032. Additionally, it was noted that in 2022, US$ 10 billion was spent on healthcare for diabetics, which is the second-lowest amount of any other region.
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Competitive Landscape/ Key Players Insights
Our market analysis includes a section specifically devoted to key players operating in the Wearable Skin Adhesives market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
Some of the prominent players
- Dow Corning
- Scapa Group
- B. Fuller
- Adhezion Biomedical
- Adhesives Research
- Vancive Medical Technologies
- Henkel AG & Co. KGA
- Polymer Science, Inc.
- Lohmann GMbH & Co.KG
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