Global Wearable Adhesive Market Forecasted to Grow at a notable CAGR of 11.92% during 2017-2021

Published on : Apr 28, 2017

Albany, New York, April 28, 2017: From the past few decades, adhesives have been replacing many other types of fastening systems in the assembly of medical devices. The increase in healthcare costs and the lack of time is leading the patients towards a personalized healthcare at home, which has led to the high demand for wearables globally. A new study, focusing the market trends and drivers that are currently influencing the wearable adhesives market, has been broadcasted to the wide repository of Market Research Hub (MRH) and titled as “Global Wearable Adhesive Market 2017-2021”. The main purpose of the study is to provide comprehensive information to their readers about the market, by analyzing some of the key regions, which includes APAC, Americas and EMEA.

This study analyzes the overall market current scenario along with its future growth prospects. As per the analysts key finding, the global wearable adhesive market is projected to develop at a CAGR of 11.92% during the period 2017-2021. Advancements in the technology have enabled easy connectivity with wearable patches, and this will drive the growth prospects for the wearable adhesive market from 2017 to 2021. Another trend observed by the study include, the demand for these basic wearable patches is increasing among patients as they are highly compatible with most of the mobile operating systems (OS).

Wearables play an important role in personalized healthcare and are not limited to wristbands and fitness trackers, but with a large number of end users moving towards wearable in the form of adhesives. Wearable adhesives are used to attach wearable medical devices to the skin. The adhesive wearable eliminates the distress due to traditional wearable and enhances physical performance, track vital signs and improve the quality of life.

In the initial section, the report provides an in-depth analysis of the Wearable Adhesives Market across different applications and regions. By type, the market has been segmented into:

  • Low-trauma adhesive
  • Skin-friendly adhesives

Among these, the research finds that in the coming years Low-trauma adhesives will witness the rapid increase in adoption, as these adhesives are gentle and also reliable for different skin types and age groups. Moreover, based on applications, it covers clinical and non-clinical adhesives.

Additionally, the report also adds some more factors contributing to the medical wearable devices growth trend which includes an aging global population, the prevalence of chronic conditions, a growing patient interest in self-management of health and fitness, and the need to reduce costs by extending out-patient care.

Prime vendors operating in the global wearable adhesive market are as follows:

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

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The report also carries details of market prospects as well as threats faced by the vendors in the global wearable adhesives market, key trends influencing the market shares of above regions and key outcomes of the five forces analysis.

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