The study involved four major activities in estimating the current size of the medical stick-to-skin adhesives market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering medical stick-to-skin adhesive products and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from medical stick-to-skin adhesives manufacturers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side customers/end users who are using medical stick-to-skin adhesives products were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of medical stick-to-skin adhesives and the future outlook of their business, which will affect the overall market.
Breakdown of Primary Interviews : Supply-Side Participants, By Company Type, Designation, and Region
Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs.
Note 2: Other primaries include sales managers, marketing managers, and product managers.
Note 3: Companies are classified into tiers based on their total revenue. As of 2022: Tier 1=>USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, Tier 3=<USD 500 million.
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Market Size Estimation
The research methodology used to estimate the size of the medical stick-to-skin adhesives market includes the following details.
The market sizing of the market was undertaken from the global side.
Country-level Analysis: The size of the market was obtained from the annual presentations of leading players and secondary data available in the public domain. The share of products and services in the overall market was obtained from secondary data and validated by primary participants to arrive at the total market. Primary participants further validated the numbers.
Geographic market assessment (by region & country): The geographic assessment was done using the following approaches:
Approach 1: Geographic revenue contributions/splits of leading players in the market (wherever available) and respective growth trends
Approach 2: Geographic adoption trends for individual product segments by end users and growth prospects for each of the segments (assumptions and indicative estimates validated from primary interviews)
At each point, the assumptions and approaches were validated through industry experts contacted during primary research. Considering the limitations of data available from secondary research, revenue estimates for individual companies (for the overall medical stick-to-skin adhesives market and geographic market assessment) were ascertained based on a detailed analysis of their respective product offerings, geographic reach/strength (direct or through distributors or suppliers), and the shares of the leading players in a particular region or country.
Global Medical Stick-To-Skin Adhesives Market Size: Top-Down Approach
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Global Medical Stick-To-Skin Adhesives Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Medical stick-to-skin adhesives are specialized materials designed to bond securely with the skin while remaining gentle and hypoallergenic. These adhesives are used to affix medical devices, such as bandages, wound dressings, and monitoring equipment, ensuring they stay in place for effective treatment without causing skin irritation or discomfort.
Key Stakeholders
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Raw material suppliers
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Medical stick-to-skin adhesive manufacturers and distributors
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Manufacturing technology providers
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Indutsry associations
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Traders, distributors, and suppliers of medical stick-to-skin adhesives
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Government associations, bodies, and regional organizations
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Healthcare providers
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Regulatory bodies
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Healthcare professionals
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Research and Development (R&D) organizations
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Academic institutions
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Quality control and testing laboratories
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Government health departments
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Environmental agencies
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Patients and patient advocacy groups
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Investors and financial institutions
Report Objectives
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To define, describe, and forecast the global medical stick-to-skin adhesives market on the basis of product, backing material, application, type end user and region.
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To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
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To analyze micro markets with respect to individual growth trends, future prospects, and contributions to the overall market
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the size of the market with respect to six main regions (along with countries), namely, North America, Europe, Asia Pacific, Latin America and The Middle East and Africa
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To profile the key players in the global market and comprehensively analyze their core competencies and market shares
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To track and analyze competitive developments such as acquisitions, product launches, regulatory approvals, and R&D activities of the leading players in the global market
Available customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographic Analysis
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Further breakdown of the Rest of Europe medical stick-to-skin adhesives market into the Netherlands, Austria, Belgium, and others
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Further breakdown of the Rest of Asia Pacific medical stick-to-skin adhesives market into Singapore, Malaysia, and others
Company Information
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Detailed analysis and profiling of additional market players
Growth opportunities and latent adjacency in Medical Stick-to-Skin Adhesives Market