Medical Adhesives Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2021–2028
Global Medical Adhesives Market size is expected to reach USD 14.78 Billion in 2028 and register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by factors such as increasing utilization of medical adhesives for internal and external surgeries and rising demand for Personal Protection Equipment (PPE) and drug delivery devices globally. Medical adhesives such as cyanoacrylate are replacing sutures in external applications as these are single-component, catalyst-free adhesives, which are capable of bonding at room temperature within a few seconds. These adhesives require no external initiation and solely rely on the small amounts of adsorbed chemical and water on the surface of the tissue for healing. Recent advancements in medical adhesives is enabling deployment in newer applications such as for medical joining and bonding, including medical device assembly, bonding human tissue, wound care, and in drug delivery system applications. These factors are expected to continue to drive revenue growth of the market during the forecast period.
Rising demand for telehealth solutions globally due to the COVID-19 pandemic, emergence of new and more infectious variants in countries across the globe, urgent need for safer and more efficient measures to reduce exposure, infection, and spread, as well as to provide more improved treatment and ensure positive outcomes among patients are other factors expected to boost market growth going ahead. Telehealth solutions help in improving clinical management and enhancing patient care. Rising need for pulse oximeters, wearable drug delivery systems, and other on-body remote patient monitoring solutions are driving demand for more durable medical adhesives.
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Some of the leading market players in the global Medical Adhesives market including:
Ethicon, Inc. (Johnson & Johnson), Henkel AG & Co. KGaA, 3M, Baxter International Inc., Nitto Denko Corporation, B. Braun (B. Braun Melsungen), H.B. Fuller Company, Bostik (Arkema), Chemence, and CryoLife, Inc.
Some Key Highlights From the Report
In February 2021, Henkel Adhesive Technologies announced the expansion of its strategic partnership with Quad Industries. The partnership was expanded in order to provide support and capacities for prototyping and technological value creation with printed electronics solutions across multiple industries. With the partnership, the companies are aiming to strengthen the creation of printed electronics solutions such electronic skin patches. Smart health patch was developed by Belgium-based Byteflies, together with Henkel, and Quad Industries and four other medical and technology companies for remote patient monitoring.
Synthetic & semi-synthetic resin segment is expected to account for largest revenue share in the global medical adhesives market over the forecast period. Wide usage of synthetic & semi-synthetic resins for assembling and sealing medical devices and parts is expected to boost revenue growth of this segment.
Reactive & other technologies segment is expected to register significant revenue growth over the forecast period. Reactive & other technologies such as self-cured composite resin helps in restoring deeper cavities, those with dentinal gingival margin, and for occlusal restorations, which is increasing its utilization in dental applications.
Dental segment is expected to account for a considerably large revenue share in the global medical adhesives market owing to growing awareness regarding oral hygiene and rising popularity of cosmetic dental procedures like tooth bleaching, enamel bonding, dental veneers, Invisalign braces, and enamel abrasion.
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Over the recent past, chemical and materials industry has observed rapid digital transformation, innovations and advancements in chemical processing, globalization, sustainability, and development of robust supply chain. Increasing incidence of uncertainties in chemical production and development have further increased focus on risk management solutions. Chemical and materials industry supplies raw materials to a number of end-use industries such as petrochemicals, solvents, manufacturing and construction, and healthcare, among others. Increasing integration of advanced technology in the manufacturing and production processes along with a growing focus on producing environmentally sustainable chemicals and materials is further expected to revolutionize the Medical Adhesives market over the forecast period.
The report further offers key insights into strategic alliances and ventures undertaken by key companies in the market to cater to the growing global demand, capitalize on lucrative opportunities, and gain a robust footing in the market. It focuses on mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and deals.
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Market segment analysis:
Resin Type Outlook
Natural Resin Type
Synthetic & Semi-Synthetic Resin Type
Solid & Hot-melt Based
Reactive & Others
Medical Devices & Equipment
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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