Market Overview

The wearable adhesive market was valued at USD 294.21 million in 2019 and is expected to reach USD 617.43 million by 2025, at a CAGR of 13.15% over the forecast period 2020 - 2025. With the advent of wireless mobile technology in wearable sensors, healthcare professionals are able to remotely monitor a patient’s biometric data, such as blood pressure, heart rate, and blood glucose level.

In recent years, developers of adhesives, trying to attach wearable devices to the skin have faced many types of physical, and design challenges. In order to work properly, these devices have to be properly stuck to the body, necessitating the design and development of new adhesives.

Wearable products are used as handheld monitoring tools and have applications in identification and monitoring of diseases. Owing to the growth in chronic diseases, more patients are opting for home healthcare as it is cost-effective and an efficient way of treatment, rather than hospital services, which is expected to drive the wearables demand.

However, developing adhesives for wearable applications is not an easy task. Designers can create effective products only by analyzing the skin type and age of the target patient population and by understanding the physical properties of the wearable devices.

Scope of the Report

Sticking a wearable device to the skin can be very tricky. That’s why it’s very important to have a good adhesive to hold the device together or adhere the device to the wearer’s skin. The adhesive can be used to stick various types of medical devices into a patients skin to collect data about the patient well being or to monitor patient's activity.

Key Market Trends

Sports and Fitness Wearables Demand to Augment the Market Growth

The growing use of fitness tracking apps, rising demand for wireless and continuous health monitoring devices, increase in disposable income, and raising awareness about obesity are some of the factors driving the demand for wearables in sports and fitness applications.

Moreover, an increase in product launches and integration and cross-compatibility of personal health and personal assistance are some of the key trends observed in the market. Also, an increasing sense of health consciousness is driving the demand for these products. Further, the integration of wearables and mobile apps for data extraction has increased the demand for sports and fitness wearables among fitness enthusiasts.

With the increasing sales and shipments of sports and fitness wearables in the past few years, the same trend is expected to be followed for the coming years which is expected to drive the market forward.

North America Occupies the Largest Market Share

The demand for these types of products in the North American region is growing owing to the increase in the obese population. Also, there has been an increase in the demand to produce monitoring devices, owing to the growing geriatric population and associated diseases with this age group. For instance, diabetes.

Moreover, the need to curb healthcare expenditure related to chronic diseases is expected to drive the demand for wearable in this region. In addition, awareness among the public regarding these products is rapidly increasing owing to the presence of a significant number of players in this region is also one of the major factor which is expected to act as a driver for market growth.

With the growing healthcare expenditure coupled with the increasing patient base and the increasing use of smartphones are some of the factors boosting the growth of the wearable adhesive market in this region.