Global Wearable Adhesive Market 2017-2021

Global wearable adhesive market overview

As per the global wearable adhesive market forecast report compiled by Technavio’s market research report, this industry is expected to grow at a steady rate and post a CAGR of close to 12% during the forecast period. Technological advancements that enable easy connectivity with wearable patches will drive the wearable adhesive market growth from 2017 to 2021. The demand for these basic wearable patches is increasing among patients as they are highly compatible with most of the mobile operating systems (OS). Also, the market is experiencing a huge shift from health monitoring devices such as fitness bands and smartwatches towards the use of wearable patches as they easily connect to any smartphone via Bluetooth, unlike smart wearable devices that are highly dependent and restrained by the type of mobile OS. Additionally, wearable patches and adhesives are less expensive than smart wearables, which will further increase their demand in the coming years.

During 2016, the Americas was the largest revenue contributor to the global wearable adhesives market and according to this market research and analysis, the region will continue to dominate the market in the coming years as well. Factors such as the high purchasing capability of the people, the increasing awareness among customers, and the availability of various methods to cure diseases, will drive the growth of the wearable health devices market in this region.

Competitive landscape and key vendors

The global wearable adhesive market is highly competitive and is characterized by the presence of several large and small local and global manufacturers. These vendors are increasingly competing against each other based on factors such as product portfolio, value-added benefits, and pricing. To gain a competitive edge over their competitors and survive in this intensely competitive environment, several vendors are increasingly focusing on developing new ideas and technologies and stay informed about the emerging technologies, licensing procedures, and policies.

Key vendors in this market are -

• 3M
• Abbott Laboratories
• Proteus Digital Health
• Scapa

Other prominent vendors in the market include Adhezion Biomedical, Chemence, Dow Corning, Ethicon, Gentag, GluStitch, H.B. Fuller, Henkel, Insulet, Kenzen, Medtronic, Mueller Sports Medicine, and Nemaura Medical.

Segmentation by type and the wearable adhesive market analysis

• Low-trauma adhesive
• Skin-friendly adhesives

During 2016, the low-trauma adhesive segment accounted for the major shares of the wearable adhesive market. Low-trauma adhesives are gentle and can be used to treat chronic conditions that require repeated application. Additionally, these adhesives are also reliable for different skin types and age groups and do not lose track once removed from the skin, which allows users to re-use these adhesives and reposition the devices on their skin. As a result, the coming years will witness an increase in the adoption of low-trauma adhesives and this segment will continue to dominate the wearable health devices market during the predicted period as well.

Segmentation by application and the wearable adhesive market analysis

• Clinical adhesive
• Nonclinical adhesive

The clinical adhesive segment accounted for the largest revenue share of the wearable adhesive market during 2016 and is likely to be the dominating segment in the upcoming years as well. Since these adhesives help in acquiring the patients’ data and send an alert to the hospital or doctor, the adoption of clinical adhesives is especially high in low-acuity hospital settings. Moreover, clinical adhesives also help reduce the number of physical visits to hospitals and medical centers, which will further boost its adoption in the next few years.

Key questions answered in the report include

• What will the wearable adhesive market size and the growth rate be in 2021?
• What are the key factors driving the global wearable adhesive market?
• What are the key wearable adhesive market trends impacting the industry growth?
• What are the challenges to the wearable adhesive market growth?
• Who are the key vendors in the global wearable adhesive market?
• What are the wearable adhesive market opportunities and threats faced by the vendors?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global wearable adhesive market?

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