Global Medical Device Adhesive Market, By Resin Type (Light Curing, Cyanoacrylates, Acrylic, Epoxy, Silicone and Polyurethane), Application (Needles and Syringes, Catheters, Tube Sets, Masks, Polycarbonate Devices and Pacemaker), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Medical Device Adhesive Market
Data Bridge Market Research analyses that the medical device adhesive market will witness a CAGR of 7.98% for the forecast period of 2021-2028. Rising prevalence of chronic diseases, emerging medical device manufacturers and growing demand for wearable devices are driving the growth of medical device adhesive market.
Medical device adhesives are the medical devices that are manufactured generally for a single-use purpose and are to be disposed of later on. The devices are eco-friendly in nature and are used widely in needles and syringes, catheters, tube sets, masks, polycarbonate devices and pacemaker. The medical device adhesives possess non-cytotoxic properties, are non-sensitizing and are biocompatible. Medical device adhesives are primarily used in surgical care as an alternative to staples and suture. Medical device adhesives should be used by healthcare professionals only because they are familiar with the nuances. If not used properly, they may cause pain and infection.
Rising geriatric population in need of medical assistance will directly induce growth in the demand for medical device adhesives. Rising technological advancements will further propel growth of medical device adhesive market. Rising packaging and labelling applications will further promote growth of medical device adhesive market. Rising adaptability and application of medical device adhesive especially in developing economies will also push up growth of the market. Rising prevalence of chronic diseases coupled with growth and expansion of medical industry will also act as an indirect medical device adhesive market growth determinants.
However, high technological cost will further hamper the medical device adhesive market growth rate. Alternative drug and treatment methods will pose a major challenge to the medical device adhesive market growth. Fluctuations in the prices of raw materials will also restrict the scope of medical device adhesive market growth.
This medical device adhesive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research medical device adhesive market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Device Adhesive Market Scope and Market Size
The medical device adhesive market is segmented on the basis of resin type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the medical device adhesive market is segmented into light curing, cyanoacrylates, acrylic, epoxy, silicone and polyurethane. Light curing is further segmented into light curing acrylics, light curing cyanoacrylates and light curing silicones.
- On the basis of application, the medical device adhesive market is segmented into needles and syringes, catheters, tube sets, masks, polycarbonate devices and pacemaker.
Global Medical Device Adhesive Market Country Level Analysis
The medical device adhesive market is analysed and market size, volume information is provided by country, resin type and application as referenced above.
The countries covered in the medical device 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, Israel, Egypt, South Africa, 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 device adhesive market in terms of market share, market revenue and production volume. The region will continue to flourish its dominance during the forecast period. Presence of major key players is a major factor responsible for the growth of medical device adhesive market. Rising research and development activities to innovate with pharmaceutical drugs and equipment will further create lucrative growth opportunities for the medical device adhesive market. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period. Rising medical tourism is indirectly inducing growth of medical device adhesive market in this region. Easy availability of low cost labour and abundant raw materials will further grab many eyeballs of the manufacturers.
The country section of the medical device adhesive market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Device Adhesive Market Share Analysis
The medical device adhesive 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 device adhesive market.
The major players covered in the medical device adhesive market report are Medtronic, 3M, Baxter., Carestream Health., Henkel Adhesives Technologies India Private Limited, Dymax, Dr. Hönle AG, H.B. Fuller Company., Master Bond Inc., Permabond LLC., EPOXY TECHNOLOGY, INC., Novachem Corporation ltd, Incure Inc., Panacol-Elosol GmbH, Stryker, Dentsply Sirona., Bostik, AVERY DENNISON CORPORATION., Dow and Ashland among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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