Soft Skin Adhesives Market

Soft Skin Adhesives Market Outlook (2023 to 2033)

The global soft skin adhesives market is estimated to be valued at US$ 841.1 million in 2023 and it is expected to grow at a CAGR of 8.3% to reach US$ 1,866.9 million by the end of 2033.

Soft skin adhesives are extensively used in the healthcare industry due to their special qualities of flexibility, reliability, and durability. These benefits are applied to a variety of applications, such as wound dressing, scar therapies, and wearable medical devices, which expedite the growth of the soft skin adhesives market.

Report Attributes	Details
Soft Skin Adhesives Market Size (2022A)	US$ 783.1 Million
Estimated Market Value (2023E)	US$ 841.1 Million
Forecasted Market Value (2033F)	US$ 1,866.9 Million
Global Market Growth Rate (2023-2033)	8.3% CAGR
North America Market Share (2023)	29.8%
South Asia and Oceania Market Growth Rate (2023-2033)	9.5% CAGR
Key Companies Profiled	Adhesives Research DuPont DermaMed Elkem Scapa Henkel Adhesives TOYOCHEM CO., LTD Wacker Chemie AG

Historic and Future Pathway Analysis for the Soft Skin Adhesives Market

Soft skin adhesives refer to a class of medical adhesives that are designed to be gentle and non-irritating to the skin. Materials like silicone, urethane, and acrylics are frequently used to create soft skin adhesives. These substances offer a flexible and conformable bond, enabling the adhesive to cling firmly to the skin while still allowing for flexibility and movement. Transdermal drug delivery systems, wearable medical devices, and wound dressings are a few of the medical uses for soft skin adhesives.

• Short Term (2023-2026): Increasing prevalence of chronic conditions along with proliferating usage in medical devices is anticipated to drive the soft skin adhesives market during the projection period.
• Medium Term (2026-2029): Increasing healthcare expenditure, improving healthcare infrastructure, and growing demand for non-invasive medical procedures, and the aging population are likely to facilitate the demand growth for soft skin adhesives, especially in North America and Asia Pacific.
• Long Term (2029-2033): Companies are investing continuously in research & development to remain competitive in the market and are likely to expand their sales channel to curb the demand pool.

On the back of the aforementioned facts, the soft skin adhesives market is anticipated to grow at a CAGR of 8.3% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market share analysis of soft skin adhesives based on application and region is provided in a nutshell in the above image. Under the application segment, the wearable medical devices sub-segment dominates with a 63.5% market share in 2023.

Market Dynamics Outlook

‘’Growing Palliative Care Globally to Redefine the Market Growth”

The soft skin adhesive market is likely to be impacted by the growing demand for palliative care. The goal of palliative care is to enhance the quality of life for patients who have life-threatening illnesses including cancer, heart disease, or neurological conditions. In palliative care, patients need to wear dressings and medical devices, therefore gentle skin adhesives are required.

Soft skin adhesives are ideal for use in palliative care because they are gentle and non-irritating to the skin. They enable the safe and comfortable securing of medical equipment like catheters, ostomy bags, and wound dressings. Patients undergoing palliative care, who could be feeling pain or suffering as a result of their underlying medical issues, should pay particular attention to this. The market for soft skin adhesives is expected to experience growth along with the demand for palliative care.

‘’Regulatory Requirements Stumbling Growth of the Soft Skin Adhesives Market’’

The price of producing and releasing new soft skin adhesive goods on the market is to increase due to regulatory requirements, such as safety testing and certification. Businesses are required to spend more money on resources to meet these standards, which could negatively impact their profitability and restrict their ability to make research and development investments.

The gap in introducing new products to the market is also extended by regulatory frameworks. This can be particularly challenging for companies that are trying to keep up with rapidly changing market trends and customer demands.

For businesses engaged in the soft skin adhesive industry, meeting regulatory requirements can be a major challenge. Companies that are able to navigate these requirements and comply with them effectively are better positioned for growth and success in this market.

Country-wise Insights

What are the Factors Driving Soft Skin Adhesives Demand Across the U.S.?

Soft skin adhesives are increasingly being employed in conjunction with minimally invasive treatments and non-invasive medical devices in order to provide mild and non-irritating skin contact. For instance, soft skin adhesives are frequently used to attach medical devices to a patient's skin, including blood pressure cuffs, EKG electrodes, and glucose monitors.

The demand for soft skin adhesives in the U.S. is anticipated to increase over the next several years as the use of minimally invasive treatments and non-invasive medical devices increases. To attach medical devices and sensors to the skin, there is a growing demand for soft, non-irritating adhesives as more patients choose to undergo these treatments. Improvements in patient outcomes and market expansion are also anticipated due to the advances in soft skin adhesive technology.

Why China’s Soft Skin Adhesives Market Is Flourishing?

A rise in demand for medical products aimed at the elderly may result from China's rapidly ageing population. Since they are frequently used in medical applications including wound care and medical equipment, soft skin adhesives are a crucial product for China’s market.

• According to the International Diabetes Federation, as of 2021, there were an estimated 118.4 million adults aged between 20-79 years with diabetes in China and it is estimated that by 2045, there will be approximately 147.2 million adults with diabetes in the country. This makes China the country with the most prominent number of adults with diabetes in the world.

Soft skin adhesives are used for a variety of medical applications, including the attachment of medical instruments to the skin and the closure of incisions, and the attachment of surgical drapes to the skin. Hence, these applications support the overall expansion of the Chinese market for soft skin adhesives.

Category-wise Insights

Why Do Silicon-Based Adhesives Have a Prominent Share in the Soft Skin Adhesives Market?

Silicone-based soft skin adhesives are dominating over other types of adhesives, which has led to a surge in demand for them across a range of sectors, including industrial, medical, and cosmetic applications. The biocompatibility of silicone-based adhesives makes them non-toxic and non-irritating to the skin. This makes soft skin adhesives a popular option for both aesthetic applications like false eyelashes and prostheses as well as for medical ones like medical devices, ostomy care, and wound care.

Soft skin adhesives are quite breathable, which means that air and moisture moves through them. As a result, there is less chance of infection or skin irritation, which is crucial for keeping healthy skin. Soft skin adhesives can stay in place for a very long time because they are quite strong and long-lasting. This is important for medical applications, where the adhesive needs to remain secure for several days or even weeks, as well as for cosmetic and industrial applications, where longevity is an important consideration.

The silicon based soft skin adhesives are estimated to expand at a CAGR of 8.7% to reach a valuation of US$ 1,189.9 million by 2033.

How is Rising Wearable Medical Devices Popularity Driving the Market?

Soft skin adhesives are likely to see an increase in demand as the market for wearable technology expands due to their flexibility, durability, dependability, and adhesive strength. Fitness trackers and smartwatches are examples of wearable technology that are intended to be worn on the body for prolonged periods of time but are frequently exposed to sweat, moisture, and other elements that can cause adhesives to fail. In order to attach these devices to the skin without causing discomfort or irritation, soft skin adhesives offer a secure and comfortable method.

As the market for wearable medical devices continues to expand, suppliers of soft skin adhesives are anticipated to experience an increase in demand for their goods. They may also develop new and innovative adhesives specifically designed for use with wearable devices. In general, it is anticipated that the market for wearable technology to contribute to the market for soft skin adhesives since it is projected to boost demand for these goods and spur innovation in the industry.

The application of soft skin adhesives in wearable medical devices is expected to reach a valuation of US$ 534.1 million by 2023.

Eminent Player’s Key Stratagems

Prominent soft skin adhesives manufacturers are Adhesives Research, DuPont, DermaMed, Elkem, Scapa, Henkel Adhesives, TOYOCHEM CO., LTD, and Wacker Chemie AG.

Manufacturers in the soft skin adhesive market are always searching for new markets and areas to expand into. Players are focusing on reducing costs by streamlining their supply chains, cutting waste, and increasing production efficiency. Prominent manufacturers in the soft skin adhesive market invest heavily in research and development to create new and innovative products that meet the evolving needs of their customers. For instance:

• In February 2023, DuPont unveiled LiveoTM MG 7-9960, a soft elastomeric silicone adhesive with high adhesion force, extended wear period, and easy removal. The adhesive contains very little cyclosiloxanes in its formulation.
• 3M has launched a new silicone-based adhesive technology that can offer better biocompatibility, breathability, or flexibility, and secure bond to the skin, while also allowing for easy removal.

Fact.MR has provided detailed information about the price points of key manufacturers of soft skin adhesives positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Soft Skin Adhesives Industry Research

• By Base Chemistry :

  • Silicone Based
  • Acrylic Based
  • Urethane Based

• By Application :

  • Wound dressing & Bandages
  • Scar Therapies Application
  • Wearable Medical Devices
    • Diagnostic Device
    • Monitoring Device
    • Drug Delivery Devices

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa