Global Medical Adhesives Market, By Natural Resin Type (Fibrin, Collagen, Others), Synthetic and Semi-Synthetic type (Acrylic, Silicone, Cyanoacrylate, Epoxy, Polyurethane, Others), Technology (Solids and Hot Melt, Water-Based, Solvent-Based), Application (Medical Device and Equipment, External Medical Applications, Dental, Internal Medical Applications, Others) – Industry Trends and Forecast to 2029.
Medical Adhesives Market Analysis and Size
As compared to the traditional wound closure methods such as stitches, medical adhesives is the better options which is adopting by the most of the developing countries. These factors are anticipated to boost the medical adhesives market during the forecast period. Major market players which is operating in this industry are focusing on adopting lucrative solutions with easy handling and minimum maintenance to stay ahead of their competitors. The “acrylics” is the fastest growing Synthetic and Semi-Synthetic type segment due to various applications such as healthcare equipment, dentistry and others, they are also used in internal as well as exterior medical processes such as skin tissue adhesives during the forecast period. Furthermore, the increasing global elderly population is also increasing the growth of the medical adhesives market.
Data Bridge Market Research analyses that the medical adhesives market is expected to undergo a CAGR of 7.50% during the forecast period. This indicates that the market value, which was USD 8.80 billion in 2021, would rocket up to USD 15.69 billion by 2029. 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Medical Adhesives Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Natural Resin Type (Fibrin, Collagen, Others), Synthetic and Semi-Synthetic type (Acrylic, Silicone, Cyanoacrylate, Epoxy, Polyurethane, Others), Technology (Solids and Hot Melt, Water-Based, Solvent-Based), Application (Medical Device and Equipment, External Medical Applications, Dental, Internal Medical Applications, Others)
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Countries Covered
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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
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Market Players Covered
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Ashland (U.S.), Johnson & Johnson Private Limited (U.S.), Chemence (U.S.), Cohera Medical Inc. (Slovenia), Henkel AG & Co. KgaA (Germany), 3M (U.S.), Bostik (France), H.B. Fuller (U.S.), Arkema (France), Dow (U.S.), AVERY DENNISON CORPORATION (U.S.), B. Braun SE (Germany), CryoLife, Inc. (U.S.), GluStitch (U.S.), Gem S.r.l (Italy), Biocoral, Inc. (France), ITAC Ltd. (U.K.), Adhezion Biomedical (U.S.), Baxter (U.S.), Meyer-Haake GmbH (Germany)
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Market Opportunities
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Market Definition
Medical adhesives are the chemical formulations which are used to bond wearable medical devices. They can be used in several applications such as medical devices for surgical procedures and external and internal medical applications. The two major medical adhesive generally include synthetic and biological adhesive materials. Medical adhesives make the sealing process easier. It also decreases the risk of infection which has caused by curbing secondary bleeding. They are extensively used in joint replacement therapies as well as in several dental applications.
Medical Adhesives Market Dynamics
Drivers
- Increasing demand of medical smart devices
The wearable smart medical devices are very useful for those patients which has suffered from chronic diseases such as diabetes or cardiovascular diseases. It serves proper information on blood pressure, blood glucose levels and breathing patterns. Hence, the increasing prevalence of chronic diseases is growing the demand of wearable smart medical which is expected to drive the growth rate of the medical adhesives market during the forecast period.
- Rising demand of medical adhesives for several medical applications
Medical adhesives are currently widely used for several purposes ranging from medical device assembly to internal and external medical applications. For instance, the closing of skin wounds by the stitching technique is now being replaced by the special cyanoacrylates technique. The advantage which has offered by these products is that the whole wound can be covered easily. This method reduces the risk of infection, which are expected to increase the demand for medical adhesive and drive the market growth rate.
Opportunities
- Rising healthcare industry in developing regions.
The growing healthcare industry in developing regions due to the growing population, increasing income levels and growing health awareness. The manufacturers of medical device are now setting up these facilities in these regions that are witnessing higher investments by the multinational manufacturers.
Moreover, the increasing health consciousness among the customers and growing awareness among the population regarding the benefits of medical devices will create immense opportunities for the growth of the global medical adhesives market in upcoming years
Restraints/Challenges
- High cost associated with healthcare facilities and raw materials
The increasing cost of healthcare facilities is restraining the growth of the medical adhesive market. Increasing income will help the consumers to spend more on healthcare facilities, but not beyond their limit. The growing cost of raw materials of medical adhesives, such as fibrin and collagen, is also somewhat obstructing the medical device market growth rate. The high price of bio-based raw materials for the manufacturing of medical adhesive has mainly hindered the growth of the medical device market.
This medical adhesives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Medical Adhesives Market
The outbreak of covid-19 pandemic has not only affected the different industry of marketing, but also affected the medical adhesives market Trends. In this COVID-19 pandemic period, the global market has lost all the investors due to shut down and lockdown imposed by the government of several countries. Along with that, production and transportation also paused for some period of time. However, the continuous efforts of the global major market players and manufacturers of medical adhesive have raised the demands of the medical adhesives in the market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In April 2021 – 3M company has announced a new product to a new type of silicone adhesives which is 2484 3M Single it has coated medical film tape with Hi-Tack Silicone Adhesive on Liner, which is gentle and secure to assist support device compliance by end-user industries. The company revealed that the new addition of product to the company portfolio is to meet the rising demand for medical adhesives globally. The newest 2484 3M Hi-Tack Silicone Adhesive is minimizes skin cell removal, conformable, breathable and allows over seven-day wear time which makes it an perfect option to be used on fragile skin. Now, the company Hi-Tack Silicone Adhesive Portfolio includes 2480 3M Hi-Tack Silicone Adhesive and 2484 3M Hi-Tack Silicone Adhesive which has launched last year. 3M expects the portfolio to expand over time.
Global Medical Adhesives Market Scope
The medical adhesives market is segmented on the basis of natural resin type, synthetic and semi-synthetic type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Natural Resin Type
- Fibrin
- Collagen
- Others
Synthetic and Semi-Synthetic type
- Acrylic
- Silicone
- Cyanoacrylate
- Epoxy
- Polyurethane
- Others
Technology
- Solids and Hot Melt
- Water-Based
- Solvent-Based
Application
- Medical Device and Equipment
- External Medical Applications
- Dental
- Internal Medical Applications
- Others
Medical Adhesives Market Regional Analysis/Insights
The medical adhesives market is analysed and market size insights and trends are provided by country, natural resin type, synthetic and semi-synthetic type, technology and application as referenced above.
The countries covered in the medical adhesives 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.
North America dominates the medical adhesives market due to the growing patient awareness levels regarding diseases and wound infections and rapidly rising elderly population in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during forecast period of 2022-2029 due to the escalating healthcare spending and increasing product demand in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Medical Adhesives Market Share Analysis
The medical adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical adhesives market.
Some of the major players operating in the medical adhesives market are:
- Ashland (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Chemence (U.S.)
- Cohera Medical Inc. (Slovenia)
- Henkel AG & Co. KgaA (Germany)
- 3M (U.S.)
- Bostik (France)
- H.B. Fuller (U.S.)
- Arkema (France)
- Dow (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- B. Braun SE (Germany)
- CryoLife, Inc. (U.S.)
- GluStitch (U.S.)
- Gem S.r.l (Italy)
- Biocoral, Inc. (France)
- ITAC Ltd. (U.K.)
- Adhezion Biomedical (U.S.)
- Baxter (U.S.)
- Meyer-Haake GmbH (Germany)
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