The Europe Medical Stick-to-Skin Adhesives Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
The pharmaceutical industry has embraced medical stick-to-skin adhesives as a means of drug delivery through transdermal patches. This application allows for the controlled and sustained release of medications, offering an alternative to traditional oral or injectable routes. Athletes and sports medicine practitioners have also recognized the utility of stick-to-skin adhesives in monitoring performance and preventing injuries. Wearable devices with these adhesives can track vital signs, muscle activity, and other performance metrics, providing valuable insights for athletes and their healthcare teams.
The comfort and minimal invasiveness of stick-to-skin adhesives contribute significantly to patient compliance. Patients are more likely to adhere to treatment plans when the adhesive application is painless and does not cause irritation. Ongoing innovations in material science have led to the development of adhesives that are not only highly effective but also breathable, flexible, and skin-friendly. The increasing emphasis on remote patient monitoring, telemedicine, and home healthcare has driven the demand for wearable devices secured by stick-to-skin adhesives.
The aging population in Europe has created a demand for healthcare solutions tailored to older people. Demand for these adhesives for continuous monitoring devices and drug delivery systems is fuelled by the proliferation of chronic diseases, like diabetes and cardiovascular conditions, in Europe. The usage of these adhesives in wearable devices that enable remote patient monitoring has expanded due to the growth of telehealth and remote patient monitoring efforts in Europe. The factors mentioned above will drive the regional market growth.
The Germany market dominated the Europe Medical Stick-to-Skin Adhesives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $264.9 million by 2030. The UK market is exhibiting a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.6% during (2023 - 2030).
Based on Type, the market is segmented into Specialized Adhesives, Electrode Adhesives, and Transdermal Drug Delivery Adhesives. Based on Backing Material, the market is segmented into Paper, Fabric, Plastic, and Others. Based on Application, the market is segmented into Surgery, Wound Dressing, Ostomy Seals, and Others. Based on End-User, the market is segmented into Hospitals & Clinics, Home Care Settings, and Others. Based on Product, the market is segmented into Acrylic-Based, Silicone-Based, Rubber-Based, Hydrogel-based, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Medical Stick-to-Skin Adhesives Market will Hit $4 Billion by 2030, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Johnson & Johnson, Avery Dennison Corporation, Smith & Nephew PLC, Nitto Denko Corporation, DuPont de Nemours, Inc., Medtronic PLC, B. Braun Melsungen AG, Henkel AG & Company, KGaA, and Lohmann & Rauscher GmbH & Co. KG
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