Global Wearable Adhesive Market is estimated to grow at a CAGR of 12.08% by the year 2024

(IT-NEWSWIRE.COM, January 08, 2018 ) Global Wearable Adhesive Market is estimated to reach USD 3.71 Billion by 2024 from USD 2.75 Billion in 2017, at a CAGR of 12.08%. Factors which are involved in the growth of Wearable Adhesive Market include Increase in lifestyle diseases, High health care costs and Increased Awareness of health issues.

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Low trauma Adhesives hold the largest market share in Wearable adhesive market

According to the product type, Wearable adhesive market is segmented as Low trauma adhesives and Skin Friendly adhesives. Among these, Low trauma Adhesives holds the highest share of 72% in Wearable adhesive market. Factors which are influencing the growth of Low trauma adhesives include reduced skin damage, provide moisture-management, acts as secure bonding to the skin and gentle removal from the skin.
Non Silicone Adhesives will hold the largest share of the market by 2024
As a result of evolving technology, Wearable adhesive market is segmented as Silicone Adhesives and Non-Silicon Adhesives. Owing to the advantages like low cost, moisture management and extended usage of devices, Non-Silicone Adhesives is estimated to hold the highest share in the Wearable Adhesives market by 2024. Tracking and monitoring the health issues from the home itself are the major key forces for the development of Wearable Adhesive market.

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North America holds the largest share of Wearable Adhesive market in 2017

Increased Adoption of Tracking devices and high health care costs are the key factors that led North America to dominate the Wearable Adhesive market. North America is followed by Europe. The Asia Pacific is anticipated to record a high growth rate by 2024 due to the increased adoption of smart devices in major countries like Japan and China.

The key players in Wearable Adhesive market include Fitbit, Proteus Digital Health, Abbott Laboratories, 3M, GluStitch, Scapa Group, and Dow Corning Corporation.

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Global Wearable Adhesive Market is estimated to grow at a CAGR of 12.08% by the year 2024