Medical Stick-to-Skin Adhesives Market to Grow with a CAGR of 7.63% through 2029
Increasing Research and Development Activities and a supportive
regulatory environment are the major drivers for the Global Medical
Stick-to-Skin Adhesives Market.
According to TechSci Research report, “Medical
Stick-to-Skin Adhesives Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Medical Stick-to-Skin Adhesives Market was valued at USD 2.51 billion in 2023 and will see an impressive growth in the
forecast period at a CAGR of 7.63% to 2029. This can be attributed to the awareness among
individuals regarding Medical Stick-to-Skin Adhesives which has led to a
favorable market. Medical Stick-to-Skin Adhesives enable the delivery of
medications through the skin, bypassing the need for invasive procedures such
as injections or oral administration. Transdermal drug delivery systems, which
utilize adhesive patches, offer a convenient and pain-free method of medication
administration, particularly for patients who may have difficulty swallowing
pills or are averse to needles.
Minimally invasive treatment modalities, including
transdermal drug delivery, carry a lower risk of infection, bleeding, and other
complications compared to invasive procedures. Medical Stick-to-Skin Adhesives
provide a barrier against external pathogens and contaminants, reducing the
risk of infection at the application site and enhancing patient safety. Minimally
invasive treatments using Medical Stick-to-Skin Adhesives offer enhanced
patient comfort and convenience. Patients appreciate the non-invasive nature of
adhesive-based therapies, which eliminate the discomfort, pain, and anxiety
associated with surgical procedures or invasive interventions. As a result,
patients are more likely to adhere to treatment regimens and experience
improved treatment outcomes.
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Healthcare providers, institutions, and
consumers are often sensitive to product costs, particularly in healthcare
systems with constrained budgets and reimbursement limitations. The cost of
medical stick-to-skin adhesives can impact purchasing decisions and adoption
rates, especially when considering competing adhesive products and alternative
treatment options. Cost considerations play a crucial role in healthcare
economics, as providers seek to balance quality of care with cost-effectiveness
and resource utilization. The cost-effectiveness of medical stick-to-skin
adhesives is evaluated based on factors such as adhesive performance,
durability, patient outcomes, and overall healthcare expenditure. Adhesive
products that offer superior performance and durability may justify higher
upfront costs by reducing long-term healthcare expenses and improving patient
outcomes. The Global Medical Stick-to-Skin Adhesives Market is characterized by
intense competition among manufacturers, suppliers, and distributors vying for
market share and profitability. Price competition and pricing pressures exert
downward pressure on product prices, profit margins, and revenue growth.
Manufacturers must navigate competitive pricing dynamics while maintaining
product quality, innovation, and value proposition to remain competitive in the
market.
The Global Medical Stick-to-Skin Adhesives Market is
segmented into Type, Product, End User, regional distribution, and company.
Based on its Type, Global Medical Stick-to-Skin
Adhesives Market is segmented into Electrode Adhesives, Transdermal Drug Delivery
and Specialized Adhesives. Electrode adhesives are a specific type of adhesive
used in stick-to-skin adhesive applications, particularly in medical devices
such as electrocardiogram (ECG) electrodes, electromyography (EMG) electrodes,
electroencephalography (EEG) electrodes, and other bioelectric sensors.
Electrode adhesives are formulated to securely attach electrodes and sensors to
the skin surface. They provide strong adhesion to ensure that the electrodes
remain in place during medical procedures or monitoring sessions. In addition
to adhesion, electrode adhesives are designed to maintain electrical
conductivity between the electrode and the skin. This conductivity is essential
for accurately detecting and measuring bioelectric signals such as heartbeats,
muscle activity, and brainwaves.
Based on region, North America is dominating the
market. North America faces significant challenges related to chronic diseases
such as diabetes, cardiovascular disorders, and respiratory illnesses. These
conditions often require continuous monitoring and management, creating a
substantial market demand for medical devices that utilize stick-to-skin
adhesives for applications such as glucose monitoring, cardiac monitoring, and
drug delivery. The regulatory environment in North America, governed by
agencies such as the U.S. Food and Drug Administration (FDA) and Health Canada,
sets rigorous standards for the safety, efficacy, and quality of medical
devices and adhesive products. Compliance with these regulatory requirements
enhances consumer confidence and facilitates market penetration for
manufacturers operating in the region. North American companies engage in
strategic partnerships, collaborations, and acquisitions to expand their
product portfolios, access new markets, and strengthen their competitive position
in the global stick-to-skin adhesives market. These partnerships facilitate
innovation, market expansion, and distribution network development.
Major companies operating in Global Medical
Stick-to-Skin Adhesives Market are:
- 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
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“The Global Medical Stick-to-Skin Adhesives Market is
witnessing significant growth and innovation propelled by several factors.
Increased incidences of chronic illnesses, heightened demand for minimally
invasive procedures, and advancements in medical adhesive technologies are
driving market expansion globally. Medical stick-to-skin adhesives are pivotal
in securing medical devices, wound dressings, and wearable sensors onto the
skin, thereby enabling efficient patient monitoring, treatment, and care.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Medical Stick-to-Skin Adhesives Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented by
Type (Electrode Adhesives, Transdermal Drug Delivery and Specialized
Adhesives), By Product (Acrylic-Based, Silicon-Based, Rubber Based and Others),
By End User (Hospitals & Clinics, Home Care Settings and Others), By
Region, and By Competition”, has evaluated the future growth potential of Global
Medical Stick-to-Skin Adhesives Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Medical Stick-to-Skin Adhesives
Market.
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