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

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.