Press Release

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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In February 2023, Homart Pharmaceuticals successfully launched three distinct vitamin C products under the renowned brands Toplife and Springleaf, catering to the growing demand for immune-related products. 

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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