The global demand for low trauma/skin friendly adhesives is forecast to rise at a CAGR of 7.6% to $160.56 million in 2021. This study analyzes the global low trauma/skin friendly adhesives industry. It presents market size for 2014, 2015, and 2016, with forecast till 2021 by chemistry/technology (Silicone based, acrylics, and others), application (wound care, medical devices, drug delivery devices, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
The non-silicone adhesives market is expected to witness significant growth in the next few years as the high cost of silicone adhesives is believed to be one of the major factors driving the market for its low cost alternatives such as non-silicone low trauma adhesives. The North American region will remain the largest market globally based on its extensive network of skin friendly adhesives providers, high health care spending intensity, widespread insurance coverage for the treatment and management of various diseases, and shifting patient care strategies toward home settings. The emerging countries such as Brazil, Russia, India, and China will be among the fastest growing worldwide markets for low trauma medical adhesives as greater economic prosperity boosts the health care spending. In these countries, with the increasing disposable incomes, improvement in the overall health infrastructure, growing health awareness, and rapidly increasing home health care activity will further propel the demand for low trauma medical adhesives market during the forecast period.
The global low trauma/skin friendly adhesives market is mainly dominated by a few large and mid-sized companies such as Scapa Healthcare, 3M Company, Adhesives Research Inc., Vancive Medical Technologies, Tesa Group, Nitto Denko Corporation, Dow Corning Corporation, and Lohmann Group with the presence of multiple small companies.
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