Austin, TX, USA, June 26, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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” in its research database.
“According to the latest research study, the demand for global Wearable Skin Adhesives Market size & share was valued at approximately USD 350 Million in 2022 and is expected to reach USD 382 Million in 2023 and is expected to reach a value of around USD 670 Million by 2032, at a compound annual growth rate (CAGR) of about 8% during the forecast period 2023 to 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.
Click Here to Access a Free Sample Report of the Global Wearable Skin Adhesives Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=23915
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.
Growth Factors
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.
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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.
Segmental Overview
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 free sample of the Wearable Skin Adhesives report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Wearable Skin Adhesives report has been modified to include the COVID-19 impact study prior to delivery.)
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Regional Overview
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.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 382 Million |
| Projected Market Size in 2032 | USD 670 Million |
| Market Size in 2022 | USD 350 Million |
| CAGR Growth Rate | 8% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Product, Application, End-use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Key questions answered in this report:
- What is the size of the Wearable Skin Adhesives market and what is its expected growth rate?
- What are the primary driving factors that push the Wearable Skin Adhesives market forward?
- What are the Wearable Skin Adhesives Industry's top companies?
- What are the different categories that the Wearable Skin Adhesives Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Wearable Skin Adhesives market sample report and company profiles?
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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.
CMI 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.
- 2020: 3M launched its new line of medical device-specific, next-generation silicone adhesives. These products were introduced to provide stronger adhesion, accommodate larger devices, and ensure longer use times. Because water-based and event-based acrylic materials are readily available, the acrylic-based category is anticipated to increase faster during the projected period. In various medical fixations and deep wound dressings, they are typically employed.
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Key Market Dynamics
- For prompt interventions and the early diagnosis of the disease, a thorough understanding of the changes in pathological and physiological signs is necessary. Because they can track changes in vital signs in real-time, wearable technology is thought to be essential for diagnosing and treating many ailments. Any disease can be delayed from arising and its incidence is reduced by early diagnosis and warning of the sickness.
- Wearable technology allows users to track records of their blood pressure, blood sugar levels, and exercise levels more efficiently and correctly. With the availability of portable wearable technology, users may keep tabs on their health whenever and wherever they choose. The patient and the doctor can both gain an improved understanding of the patient’s health situation because of this real-time health data monitoring. These wearable technologies also give users critical feedback, such as prompts to stand up and walk around and reminders to take their medications on time, encouraging them to take excellent care of their health.
- Wearable skin adhesives typically collect health data from a variety of sources, suggesting that there may be variations in data categorization and presentation. The most important problem for data standardization across the board is the lack of a common language and defined codes across various systems. Sometimes, these variations in coding systems result in the representation of the same information occurring more than once or not at all. Due to these discrepancies in data collecting, some data or information is frequently lost.
- People are paying more attention than ever to their physical health post-pandemic because the world is still shocked by the enormous loss of human life. For the wearable skin adhesives market, this presents significant growth potential.
- Additionally, the COVID-19 pandemic exposed the shortcomings of the present public health system and showed how important flexible, long-term investments in public health are. Many governments have, as a result, made large investments in healthcare and R&D. Over the anticipated timeframe, this will further fuel market expansion.
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Some of the prominent players
- 3M
- 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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The global Wearable Skin Adhesives market is segmented as follows:
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
Click Here to Get a Free Sample Report of the Global Wearable Skin Adhesives Market @ https://www.custommarketinsights.com/report/wearable-skin-adhesives-market/
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Wearable Skin Adhesives Market Research/Analysis Report Contains Answers to the following Questions.
- What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Wearable Skin Adhesives Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Wearable Skin Adhesives Market? What Was the Capacity, Production Value, Cost and PROFIT of the Wearable Skin Adhesives Market?
- What Is the Current Market Status of the Wearable Skin Adhesives Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Wearable Skin Adhesives Market by Considering Applications and Types?
- What Are Projections of the Global Wearable Skin Adhesives Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Wearable Skin Adhesives Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Wearable Skin Adhesives Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Wearable Skin Adhesives Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Wearable Skin Adhesives Industry?
Click Here to Access a Free Sample Report of the Global Wearable Skin Adhesives Market @ https://www.custommarketinsights.com/report/wearable-skin-adhesives-market/
Reasons to Purchase Wearable Skin Adhesives Market Report
- Wearable Skin Adhesives Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Wearable Skin Adhesives Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Wearable Skin Adhesives Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Wearable Skin Adhesives Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Wearable Skin Adhesives market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Wearable Skin Adhesives market analysis.
- The competitive environment of current and potential participants in the Wearable Skin Adhesives market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Wearable Skin Adhesives market should find this report useful. The research will be useful to all market participants in the Wearable Skin Adhesives industry.
- Managers in the Wearable Skin Adhesives sector are interested in publishing up-to-date and projected data about the worldwide Wearable Skin Adhesives market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Wearable Skin Adhesives products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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