USD 203.79 billion
Low Trauma/Skin Friendly Adhesives Market Size, Share, Growth Analysis, By End users(Hospital, Home care, Trauma centres, Clinical laboratories), By Application(Wound care, Medical monitoring devices, Drug delivery devices), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2079 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
64
|Figures:
79
Low Trauma/Skin Friendly Adhesives Market Insights
Global Low Trauma/Skin Friendly Adhesives Market size was valued at USD 203.79 billion in 2022 and is poised to grow from USD 217.44 billion in 2023 to USD 365.31 billion by 2031, at a CAGR of 6.7% during the forecast period (2024-2031).
Increases in application areas, increase in demand for home healthcare, rise in healthcare outsourcing trend are the factors responsible for market expansion.
Technological advancements have led to the creation of environmental friendly and biocompatible surgical adhesives. From the assembly of medical devices to internal and external medical use, medical adhesives are now employed in a wide range of applications. For example, cyanoacrylates are currently used to treat skin wounds instead of stitches. The advantage of the products is that they can cover the entire wound. This approach prevents further bleeding and also reduces the risk of infection. The World Health Organization claims that people around the world are suffering from unhealthy lifestyles. According to the organization, leading an unhealthy lifestyle is a direct cause of cardiovascular diseases. As a result, the number of people suffering from cardiovascular problems is increasing. Hence, medical procedures like heart surgery are on the rise. Using fibrin-based adhesives in cardiac surgery, which act as the main binding agent and have a haemostatic effect. The low trauma/skin friendly adhesives market expansion is hampered by fluctuating raw material prices and strict government regulations related to the production of these adhesives.
For manufacturers, the formulation of skin adhesives for various medical applications presents many challenges. One of the major challenges adhesive makers are facing is to create a strong bond with skin of varying health and painless removal without damaging the skin. Skin adhesives that cause little damage promote patient comfort, moisture management, and extended use. Skin-friendly adhesives have been available for more than ten years in market but their use has significantly increased over the past few years in the world, mostly due to the growing focus on pain management and the expanding application areas. The rapid pace of work along with the use of medical adhesives over traditional wound closure solutions such as stitches is expected to drive future market expansion. To gain a competitive advantage over existing competitors in the field, market participants are implementing cost-effective solutions with less maintenance and easy handling.
US Low Trauma/Skin Friendly Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
6.7% CAGR
Global low trauma/skin friendlly adhesives market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Low Trauma/Skin Friendly Adhesives Market Segmental Analysis
Global low trauma/skin friendly adhesives market is segmented into end users, application, and region. On the basis end users, global market is segmented into hospital, home care, trauma centres, and clinical laboratories. On the basis of application, global market is segmented into wound care, medical devices and drug delivery devices. On the basis of region global market is divided into, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Analysis by End Users
On the basis end users, global low trauma/skin friendly adhesives market is segmented into hospital, home care, trauma centres, and clinical laboratories. The hospitals segment dominated the global market in 2022. The main reason behind the market expansion is the increased preference of individuals to visit hospitals for the purpose of diagnosis or treatment. The use of ambulatory surgery facilities has increased over time.
Due to the increasing use of these products in the homecare segment to track important health parameters, the homecare segment is projected to grow at the fastest rate during the forecast period. These tools are easy to use, which makes them practical for consumers without the help of healthcare professionals.
Analysis by Application
On the basis of application, global low trauma/skin friendly adhesives market is segmented into wound care, medical monitoring devices and drug delivery devices. Monitoring devices accounted for in 2022 as demand for these devices is increasing due to increasing number of chronic diseases. According to the article “Commentary on Chronic Disease Prevention in 2022” published by the national association of chronic disease directors, 60% of American adults have at least one chronic disease. According to the article, 40% of American adults suffer from multiple chronic diseases. The reason behind the growing demand for the device is that it helps in many daily activities like monitoring health, performing health related tasks and giving reminders about any medications. Also, growth in the segment is expected due to technological advancements and widespread consumer adoption of monitoring devices such as watches and armbands to monitor health.
The diagnostic devices segment is projected to the fastest growth during the forecast period as patches and tapes are introduced in the market to diagnose the sugar levels of diabetic patients. According to an article published in September 2020, scientists in Japan have developed a paper-based sensor equipped with an array of extremely small micro needles that can easily penetrate human skin to perform diagnostic tests for conditions such as pre-diabetes.
Global low trauma/skin friendlly adhesives market size by end users, 2022 (%)
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Low Trauma/Skin Friendly Adhesives Market Regional Insights
On the basis of region global low trauma/skin friendly adhesives market is divided into, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America dominated the gobal market in 2022. Factors such as increasing number of chronic diseases, favourable reimbursement processes and well-established healthcare infrastructure in the region drive the market in this region. Advances in technology and availability of significant players taking initiatives to develop new devices are expected to drive demand of low trauma/skin care adhesives.
Asia Pacific is projected to the fastest growth during the forecast period due to large number of patients, growing aging population, people shifting towards sedentary lifestyle and rising healthcare costs. In 2021, according to the International Diabetes Federation, 90 million adults were living with diabetes in the South-East Asia Region and this figure is estimated to increase up to 113 million by 2030. Improved healthcare facilities, increasing investments from the government and private sectors, and taking government initiatives promoting medical insurance are also driving the growth of the healthcare industry, which led global market in this region. There is a high usage of surgical tapes, syringes, medical tubes, needles, and PPE products in India and China. Large-scale consumption of these products is increasing the demand for low trauma/skin friendly adhesives in APAC.
Global low trauma/skin friendlly adhesives market size by geography, 2022-2030
- Largest
- Fastest
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Low Trauma/Skin Friendly Adhesives Market Dynamics
Driver
Increasing demand of single use of medical products
- Single use disposable medical products have several advantages. Disposable devices are mainly depends upon plastic and assembled by ultrasonic welding or radio frequency welding. The demand for high production of single use devices are increased because of it is used in clean rooms for minimizing human contact. The advantages of disposable devices are lower risk of contamination, fewer regulatory concerns, less need for validation of cleaning systems, lower capital investment, higher compatibility and increased assurance of sterility. Due to all this factors, demand for single use of medical products increases, and this segment drive the market growth.
Restraint
Rising cost of healthcare facilities
- Rising cost of healthcare facilities is one of the key factor for hampering the growth of the global low trauma/skin friendly adhesives market. Healthcare facility operators and medical device manufacturers need to keep costs under control but due to the rising cost of raw material; they are facing difficulties in controlling costs. Increasing costs of raw material of adhesives also hampers the growth of market.
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Low Trauma/Skin Friendly Adhesives Market Competitive Landscape
Global low trauma/skin friendly adhesives market is highly fragmented in small-scale and medium-scale companies. Major players are continuously adopting strategies, such as acquisitions, collaboration, and new product launches, to strengthen their positions in the market and drive the business growth.
Top Player's Company Profiles
- 3M Company
- Scapa Group plc
- Henkel AG & Co. KGaA
- Avery Dennison Corporation
- Adhesives Research Inc.
- Vancive Medical Technologies
- Lohmann GmbH & Co. KG
- Essentra Specialty Tapes
- UPM-Kymmene Oyj
- Nitto Denko Corporation
- Elkem Silicones
- Tesa SE
- The Dow Chemical Company
- Medline Industries Inc.
- Adhezion Biomedical LLC
- Dermabond LLC
- Syntac Coated Products LLC
- Covalon Technologies Ltd.
- Adhesive Research Inc.
- Lintec Corporation
Recent Developments
- In August 2023, Medela, announced that it will introduce a new innovative sterile dressing within its negative pressure wound therapy (NPWT) portfolio in September. The Integrated Dressing is a ‘peel-and-stick’ adhesive, comprised of a three-layer fluid handling pad that features a skin-friendly silicone adhesive border.
- In August 2023, Neotech Products announced the release of the NeoSnug Tubing Holder. NeoSnug helps prevent tubing from shifting or slipping. The NeoSnug features skin friendly Hydrocolloid adhesive base and a unique shape ideal for securing tubes close to the nares.
- In April 2021, 3M launched its new silicone adhesive, which helps improve medical devices for people with sensitive skin.
- In April 2021, Scapa Healthcare announced the relocation of the Hydrocolloid Technology Centre in Orangeburg, New York. The company is making significant investments in growing customer demand for premium medical-grade hydrocolloid adhesive technology worldwide.
Low Trauma/Skin Friendly Adhesives Key Market Trends
- The leading players in the market are adopting various strategies to strengthen their position in the market. This includes R&D investments and new & technologically advanced products in the market. One of the major trends in the market for low trauma/skin friendly adhesives is the rising use of bio-adhesives for internal medical procedures, implants, and wound healing. These adhesives are composed of biological monomers, such as synthetic materials or sugars, designed to adhere to biological tissues. Traditional stitches, used by doctors to close wounds, are more painful to remove and leave black marks on the skin.
Low Trauma/Skin Friendly Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global low trauma/skin friendly adhesives market analysis, the rise in consumer use of wound care dressings, drug delivery systems, wearable medical devices, increase in application areas, increasing demand for home healthcare, rise in healthcare outsourcing trend are the factors responsible for growth of market. By region, North America has the largest revenue share in 2022 and is expected to grow at the significant CAGR, during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 203.79 billion |
| Market size value in 2031 | USD 365.31 billion |
| Growth Rate | 6.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Low Trauma/Skin Friendly Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Low Trauma/Skin Friendly Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Low Trauma/Skin Friendly Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Low Trauma/Skin Friendly Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Low Trauma/Skin Friendly Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Low Trauma/Skin Friendly Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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