Press Release

Jul, 27 2023

Growing Potential of Topical Skin Adhesive: Population Rise and Technological Shift Fuel Market Growth

Topical skin adhesive finds applications in various medical fields, including wound closure, surgical procedures, and the management of minor cuts and lacerations. Its features include high bonding strength, flexibility, and ease of use. Topical skin adhesive is applied to the skin surface, forming a flexible and protective barrier that promotes wound healing by providing support and minimizing the risk of infection. It eliminates the need for sutures or staples in certain cases, offering a quicker and less invasive alternative for wound closure while ensuring a cosmetically pleasing outcome.

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Data Bridge Market Research analyses that the Global Topical Skin Adhesive Market is valued at USD 609.85 billion in 2021 and is expected to reach USD 1286.74 billion by 2029, registering a CAGR of 8.65% during the forecast period of 2022 to 2029. The rising number of surgical procedures, both in hospitals and outpatient settings, is a key driver for the topical skin adhesive market. Topical skin adhesives offer advantages over traditional wound closure methods, such as sutures or staples, including faster application, reduced patient discomfort, and improved cosmetic outcomes which drives the market’s growth.

Key Findings of the Study

Topical Skin Adhesive Market

Growing digital transformation is expected to drive the market's growth rate

Digital transformation is revolutionizing topical skin adhesives by integrating technology and data-driven approaches. Advancements include the use of smart adhesive materials embedded with sensors to monitor wound healing and detect infections. Digital platforms and mobile applications enable real-time tracking of adhesive performance and patient outcomes. Machine learning algorithms analyze data to enhance adhesive formulation and optimize treatment plans. This digital transformation improves the precision, efficiency, and effectiveness of wound closure, leading to better patient care and outcomes in the field of topical skin adhesives.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (2-Octyl Cyanoacrylate Adhesive, N-Butyl Cyanoacrylate Adhesive, 2-Ethyl Cyanoacrylate Adhesive, Methyl Cyanoacrylate Adhesive), Application (Surgical Incisions, Trauma-Induced Lacerations, Burn and Skin Grafting, Wound Closure, Chronic Wounds, Others), End-Users (Hospitals, Clinics, Trauma Centers, Ambulatory Surgical Centers, Others), Distribution Channel (Direct Sales, Retail)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Medtronic (U.S.) Ethicon U.S. LLC (U.S.) Advanced Medical Solutions Group plc (U.K.) Pfizer Inc. (U.S.) Connexicon Medical (U.S.) Chemence Medical, Inc. (U.S.) Adhezion Biomedical (U.S.) GluStitch (U.S.) Meyer-Haake GmbH Medical Innovations (Germany) Beijing Compont Medical Devices Co. Ltd. (China) Integra LifeSciences Corporation (U.S.) Cryolife, Inc. (U.S.) Baxter (U.S.) Luna Innovations Incorporated (U.S.) B. Braun Melsungen AG (Germany) Johnson & Johnson Services, Inc. (U.S.) Dentsply Sirona (U.S.) Cohera Medical, Inc. (U.S.)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework

Segment Analysis:

The topical skin adhesive market is segmented on the basis of product type, application, end-users, and distribution channel.

  • On the basis of product type, the global topical skin adhesive market is segmented into 2-octyl cyanoacrylate adhesive, N-butyl cyanoacrylate adhesive, 2-ethyl cyanoacrylate adhesive, methyl cyanoacrylate adhesive. In 2022, the 2-octyl cyanoacrylate adhesive segment is expected to dominate the global topical skin adhesive market during the forecast period 2022 to 2029 due to its unique properties and advantages.

In 2022, the 2-octyl cyanoacrylate adhesive segment is dominating the product type segment of the global topical skin adhesive market

In 2022, the 2-octyl cyanoacrylate adhesive segment is dominating the market during the forecast period 2022 to 2029 as it is a high-strength adhesive that forms a flexible and durable bond when applied to the skin. This adhesive offers several benefits, including quick and easy application, minimal tissue trauma, excellent wound closure strength, and enhanced cosmetic outcomes. It is widely used in various medical applications, including wound closure, surgical procedures, and minor lacerations.

  • On the basis of application, the topical skin adhesive market is segmented into surgical incisions, trauma-induced lacerations, burn and skin grafting, wound closure, chronic wounds, others. In 2022, the surgical incisions segment is expected to dominate the market during the forecast period 2022 to 2029 due to the offers of an effective alternative to traditional closure methods like sutures or staples.
  • On the basis of end-users, the global topical skin adhesive market is segmented into hospitals, clinics, and trauma centers, ambulatory surgical centers, others. In 2022, hospital segment is expected to dominate the global topical skin adhesive market during the forecast period 2022 to 2029 as topical skin adhesive is extensively used in hospital settings for wound closure, surgical incisions, and management of lacerations.
  • On the basis of distribution channel, the topical skin adhesive market is segmented into direct sales, retail. In 2022, the direct sales segment is expected to dominate the global topical skin adhesive market during the forecast period 2022 to 2029 as direct sales involve the manufacturers or suppliers selling their products directly to end-users, such as hospitals, clinics, and ambulatory surgical centers.

In 2022, the direct sales are dominating the vertical of the global topical skin adhesive market

In 2022, the direct sales segment is dominating the distribution channel segment of the global topical skin adhesive market because it allows manufacturers to have direct control over the distribution, marketing, and sales of their products. They can establish strong relationships with healthcare facilities, provide personalized support, and offer competitive pricing. Direct sales also enable manufacturers to understand customer needs and preferences, adapt their products accordingly, and provide timely feedback

Major Players

Data Bridge Market Research recognizes the following companies as the major topical skin adhesive market players in topical skin adhesive market are Medtronic (U.S.) Ethicon U.S. LLC (U.S.) Advanced Medical Solutions Group plc (U.K.) Pfizer Inc. (U.S.) Connexicon Medical (U.S.) Chemence Medical, Inc. (U.S.) Adhezion Biomedical (U.S.)

Topical Skin Adhesive Market

Market Developments

  • In July 2021, Baxter International has recently revealed its acquisition of the PerClot Polysaccharide Hemostatic System from CryoLife, Inc. for a potential amount of USD 60.8 million.
  • In April 2019, Association of Perioperative Registered Nurses (AORN) global surgical conference and expo, Baxter made an announcement about receiving approval from the US Food & Drug Administration (FDA) for expediting the preparation process of FLOSEAL hemostatic matrix. FLOSEAL is a hemostatic product that provides effective control of bleeding during surgical procedures.

Regional Analysis

Geographically, the countries covered in the topical skin adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in the topical skin adhesive market during the forecast period 2022 - 2029

In 2022, North America dominated the topical skin adhesive market due to the increase in investment for the development of advanced technologies has led to significant advancements in various industries. This rise in investment has fueled research, innovation, and the adoption of cutting-edge technologies. It has facilitated the creation of new products, improved processes, and enhanced overall efficiency. Additionally, it has contributed to the growth of emerging sectors and the expansion of existing markets, ultimately driving economic progress and societal development.

Asia-Pacific is estimated to be the fastest-growing region in the topical skin adhesive market in the forecast period 2022 - 2029

Asia-Pacific is expected to grow during the forecast period the rise in population increases the overall demand for healthcare solutions, including wound care. Additionally, there is a notable shift in lifestyle patterns, leading to an increased focus on self-care and convenience, which drives the demand for easy-to-use wound closure products like topical skin adhesives. Furthermore, the growing adoption of advanced technologies in the healthcare sector further boosts the market's growth potential by improving product effectiveness and expanding application areas.

For more detailed information about the topical skin adhesive market report, click here – https://www.databridgemarketresearch.com/reports/global-topical-skin-adhesive-market


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