New equipment: technological advancements of medical adhesives will boost industry revenue growth
The Medical Adhesives and Sealants Manufacturing industry is made up of companies that manufacture glues and other adhesives used for sealing wounds, repairing ligaments and other medical purposes. Industry products compete with traditional bandages, stitches and other medical supplies. Typically, one of the most significant determinants of demand for medical supplies like these is price. Hospitals will likely choose stitches for sealing a wound if that will be more affordable than a medical adhesive. As a result, industry revenue can be volatile depending on the volatility of input costs. In recent years, industry purchases costs have shifted significantly, creating revenue volatility. Over the five years to 2023, industry revenue is expected to have decreased at a CAGR of 0.5%, including an expected 0.2% decrease in 2023 to reach an estimated $1.9 billion.
Operators in this industry manufacture adhesives and sealants used for sealing surgical wounds and blood vessels. Industry products also have applications in dental reconstruction and surgery, ligament fixation and joint reconstruction. Additionally, industry operators produce adhesives and sealants used in bonding medical equipment. Industrial adhesives used in construction and other related activities are not included in this industry (see report 32552).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3m Company
- Baxter International Inc.
- Johnson & Johnson
Methodology
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