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3. 3M Company (US) and Johnson & Johnson (US) are Leading Players in the Medical Stick-to-Skin Adhesives Market

The global medical stick-to-skin adhesives market is projected to reach USD 3.7 billion by 2029 from USD 2.4 billion in 2023, growing at a CAGR of 7.5% during the forecast period. Growth in the global medical stick-to-skin adhesives market will primarily be driven by the increasing demand for minimally invasive surgical procedures, growing preference for non-invasive wound closure methods and increasing aging population. However, regulatory compliance and safety concerns and the high cost of advanced adhesive products are expected to restrain the growth of this market to a certain extent. Challenges to this market's growth include ensuring adhesion and skin-friendliness and maintaining long-term adhesion.

Prominent players in the medical stick-to-skin adhesives market include 3M Company (US), Scapa Healthcare (Mativ Holdings, Inc.) (UK), Johnson & Johnson (US), Avery Dennison Corporation (US), Smith & Nephew PLC (UK), Nitto Denko Corporation (Japan), DuPont de Nemours, Inc. (US), Medtronic Plc (Ireland), B. Braun Melsungen AG (Germany), Henkel AG & Co. KGaA (Germany), Gelita Medical (Germany), Lohmann & Rauscher (Germany), Advanced Medical Solutions Group plc (UK), Nichiban Co., Ltd. (Japan), Polymer Science, Inc. (US), Adhezion Biomedical, LLC (US), MBK Tape Solutions (Boyd) (US), Tapecon, Inc. (US), Chemence Medical, Inc. (US), Parafix (UK), Berry Global Inc. (US), DermaMed Coatings Company, LLC (US), Paul Hartmann AG (Germany), Mactac (US), Sekisui Kasei Co., Ltd. (Japan), Shurtape Technologies, LLC (US) and Adhesives Research, Inc. (US).

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3M COMPANY (US)

3M is a multinational conglomerate corporation headquartered in Saint Paul, Minnesota. It operates globally in diversified consumer and industrial products. 3M's medical adhesives business is a key part of its healthcare segment. It has a strong portfolio of medical adhesive products, including surgical tapes, skin closures, and wound dressings. The company's products are used in a variety of applications, including wound care, surgery, and medical device manufacturing. 3M is committed to innovation and is constantly developing new products to meet the needs of its customers. For instance, in February 2023, the company launched 3M Medical Tape 4578, a new adhesive tape that can stick to the skin for up to 28 days for use with medical monitors, sensors, and wearables. Also, 3M is committed to providing excellent customer service and has a strong network of sales and technical support representatives.

JOHNSON & JOHNSON (US)

Johnson & Johnson (J&J) is one of the leading global players in the medical stick-to-skin adhesives market. The company has a strong track record of innovation and product development, and its products are used in a wide range of medical applications. J&J has a strong global presence, with manufacturing and distribution facilities in over 60 countries. The company focuses on developing innovative and high-quality products and expanding its global reach along with revenue growth. For instance, the MedTech segment sales in 2022 were USD 27.4 billion, an increase of 1.4% from 2021, which included operational growth of 6.2%. U.S. sales were USD 13.4 billion, an increase of 5.4% as compared to the prior year. In 2022, the net impact of acquisitions and divestitures on the MedTech segment's worldwide operational sales growth was a positive 0.1%.
J&J's medical adhesive products are used in a variety of applications, including surgical wound closure, skin closure, medical device fixation, drug delivery, and tissue engineering. The company's medical stick-to-skin adhesive products are distributed through a variety of channels, including hospitals, ambulatory surgery centers, home care providers and retail pharmacies.

MEDTRONIC PLC (IRELAND)

Medtronic is a global leader in medical technology, with a strong presence in the medical stick-to-skin adhesives market. The company has a history of innovation and is committed to developing high-quality products that meet the needs of patients and healthcare providers. Medtronic is also one of the major players in the distribution of medical adhesives, with a network of distributors that reach healthcare providers around the world.

The company's top locations to produce medical stick-to-skin adhesives include the United States, which has several production facilities in California, Massachusetts, and Minnesota; Europe, with production facilities in Ireland, Germany, and Switzerland; and Asia, with production facilities in China and India. Furthermore, the company has more than 49,000 patents in its product portfolio with over 95,000 employees and operations in more than 150 countries.

Related Reports:

Medical Stick-to-Skin Adhesives Market by Product (Acrylic, Silicone, Rubber, Water-based), Backing Material, Type (Electrode, Transdermal, Specialized), Application (Surgery, Wound Care, Ostomy Seals), End User (Hospital, Homecare) - Global Forecast to 2029

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