The Global Wearable Skin Adhesives Market size is expected to reach $581.3 million by 2028, rising at a market growth of 8.5 % CAGR during the forecast period.
The wearable technologies refer to the electronic devices manufactured to be worn on consumer’s body. Wearable technology is widely used in advanced textiles, navigation systems, and healthcare apart from commercial usage. Wearable technology is also used to monitor the health of patients or buyers. Since the user is wearing the technology it becomes easy to collect the data. These wearable skin adhesives are useful in data collection of the users which comprises heart rate, steps walked, the release of certain biochemicals, time spent exercising, seizures, calories burned, and physical strain.
Wearable technology contains a transducer and target receptor. The connected receptor responds accordingly after it analyses and acknowledges the target. Wearable skin adhesives could be worn by the user whole day to gather real time health information. These devices help in measuring certain values such as quality of sleep, total steps in a day, and heartbeat rhythm. It can even identify certain diseases such as diabetes, heart related disorders, and cancer.
They also promote awareness about the possible risks to one’s health and suggestions to improve and stay away from certain looming diseases. By, using wearable skin adhesives users get regular feedback about areas they are doing well and areas where improvement or any kind of treatment is required. This way people are motivated and continue to keep up a healthy lifestyle.
During the COVID-19 pandemic, while most industries had a sharp fall in sales, the wearable skin adhesive market registered a significant increase in sales. Various factors like the rise in the number of patients with chronic illnesses who are at a higher risk of getting severely infected with the disease spurred the large number of people observing their health vitals. Also, with the onset of the pandemic, there is an impulse amongst people to focus more on their physical health and fitness to prevent the detrimental effects of any disease in the future. This has led many governments to make enormous investments in the healthcare sector and research & development of wearable skin adhesives.
Comprehensive understanding of the changes in pathological and physiological indicators is required for timely interventions and diagnosis of the disease at its early stage. Wearable devices are considered necessary for the diagnosis and treatment of numerous diseases through real-time monitoring of the changes in vital signs. Early detection and warning of the diseases are helpful in delaying its emergence and lowering the incidence of any disease.
With the help of wearable devices, users can monitor their fitness levels, can track records of their blood sugar level, and blood pressure more quickly and accurately. Users can monitor their health anytime, anywhere with the availability of portable wearable technology. This real time data monitoring of health enables the patient as well as doctors to get better insight of health condition. These wearable devices also provide important feedback to users such as reminders to move and stand, and to take medicine on time prompting users to take great care of their health.
The health data in wearable skin adhesives is usually collected from multiple different entities which implies that there could be differences in data coding as well as data presentation. The absence of a common language and lack of standardized codes across different system is the most critical issue for normalization of data across the board. At times, these differences in coding systems often leads to representation of same information more than once or no representation of the information at all. Some data or information is often lost due to these discrepancy in data collection.
Based on product, the wearable skin adhesives market is divided into acrylic-based, silicone-based and others. In 2021, the silicone-based segment witnessed the highest revenue share in the wearable skin adhesives market. Silicone medical adhesives are suitable for wearables and wounds which require skin-friendly applications. The silicone adhesives can be positioned easily and are breathable. They have extensive use by delicate to sensitive skin types.
On the basis of application, the wearable skin adhesives market is segmented into diagnostic devices, monitoring devices, and drug delivery devices. The diagnostic devices segment procured significant revenue growth in the wearable skin adhesives market in 2021. The important parameters of diagnostic medical devices are hypertension, blood sugar level, blood pressure, and others. In addition to high-tech devices, the adoption of information technology in diagnostic devices has led to the development of innovative digital devices, and a rising preference of people for self-diagnostic wearable devices to observe their health vitals.
By end use, the wearable skin adhesives market is bifurcated into hospitals, ambulatory surgical centres, home care settings and others. In 2021, the hospitals segment dominated the wearable skin adhesives market with maximum revenue share. The wearable devices have various applications in hospitals which includes physiological disease such as hypertension, and muscle disorders to neurocognitive disorders like Parkinson’s, Alzheimer’s disease and other psychological diseases. Various types of skin-based wearables like textile-based, biofluidic-based, and tattoo-based wearables are used for this purpose.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 333.7 Million |
| Market size forecast in 2028 | USD 581.3 Million |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.5% from 2022 to 2028 |
| Number of Pages | 207 |
| Number of Tables | 360 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Application, End-use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the wearable skin adhesives market is analyzed across North America, Europe, Asia-Pacific and LAMEA. In 2021, North America region led the wearable skin adhesives market by generating maximum revenue share. Major factors owing to the rise in revenue share in this region include the common occurrence of chronic disease among people, well-established healthcare sector, and favourable remuneration systems in the region. Besides this, technological advances are the additional component for continuous advances and improvement in sensors, artificial intelligence, and wearable technologies. All these factors contribute to the growth of the wearable skin adhesives market in the North American region.
Free Valuable Insights: Global Wearable Skin Adhesives Market size to reach USD 581.3 Million by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Scapa Group Ltd. (Mativ Holdings, Inc.), The Dow Chemical Company (Dow Corning Ltd.), Avery Dennison Corporation, Henkel AG & Company, KGaA, H.B. Fuller Company, Adhesives Research, Inc., Polymer Science, Inc., Adhezion Biomedical, LLC and Lohmann & Rauscher GmbH & Co. KG
By Product
By Application
By End-use
By Geography
The global Wearable Skin Adhesives Market size is expected to reach $581.3 million by 2028.
Enable prompt diagnosis and treatment of people are driving the market in coming years, however, Unclear data authorization and validity restraints the growth of the market.
3M Company, Scapa Group Ltd. (Mativ Holdings, Inc.), The Dow Chemical Company (Dow Corning Ltd.), Avery Dennison Corporation, Henkel AG & Company, KGaA, H.B. Fuller Company, Adhesives Research, Inc., Polymer Science, Inc., Adhezion Biomedical, LLC and Lohmann & Rauscher GmbH & Co. KG
The Monitoring Devices market is leading the segment in the Global Wearable Skin Adhesives Market by Application in 2021; thereby, achieving a market value of $256.5 Million by 2028.
The North America market dominated the Global Wearable Skin Adhesives Market by Region in 2021; thereby, achieving a market value of $214.8 Million by 2028.
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