Wearable Adhesive Market to Grow at 11.92% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global wearable adhesive market report that lists top active companies as 3M, Abbott Laboratories, Proteus Digital Health and Scapa Group. Other Prominent Vendors in the market are: Adhezion Biomedical, Chemence, Dow Corning, Ethicon, Gentag, GluStitch, H.B. Fuller, Henkel, Insulet, Kenzen, Medtronic, Mueller Sports Medicine and Nemaura Medical. Commenting on the report, an analyst team said: ?One trend in the market is growing penetration of wearable patches in cosmetic industry. The increasing popularity of wearable devices is encouraging various industries to enter the market. Wearable patches are becoming popular because they are easy to use compared with other medical wearable devices.? According to the report, one driver in the market is increase in number of lifestyle diseases. The number of lifestyle diseases is rising because of lifestyle changes and increased consumption of unhealthy food. In addition, the number of diseases among the aging population is increasing. These factors are driving the need for devices to detect and track various illnesses. The aging population and baby boomers are more prone to lifestyle diseases such as hypertension, diabetes, and cardiovascular disease. Further, the report states that one challenge in the market is limited trust of users in wearable patches. The awareness among users is quite limited in the market mainly because it is a new technology that is still emerging in the market. Regulatory requirements, product safety approval, environmental approval, and reimbursement in case of issues and tests related to wearable patches are some of the issues faced by manufacturers. Lack of proper testing can result in burns, skin irritation, electric shocks, transmission of electric signals, or generation of false alarms. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Author

Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

Read More