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Global Medical Adhesives Market

  • ID: 5388216
  • Report
  • December 2020
  • Region: Global
  • 259 pages
  • Qualiket Research

FEATURED COMPANIES

  • 3M
  • Adhezion Biomedical
  • B. Braun Melsungen AG
  • Baxter International
  • Chemence
  • Cryolife Inc.
The global medical adhesives market was valued at US$ 7101.1Mn and it is expected to reach at US$ 12240.7 Mn by 2027, growing at a CAGR of 24.0% over the forecast period.

Medical adhesives are defined as the substances which are used in medical industry to seal wounds; affix any medical device such as a dressing or patch, tape to the skin; and fabricate components of medical devices.

Market Drivers: Rise in demand of medical adhesives across healthcare sector

They are mainly used in the medical industry to close up the wounds, dressing or patch the skin, fix the medical device like tape, and others. The medical adhesives are used mainly in the surgical care. Also, medical adhesives are used for bone and enamel reconstruction during the surgeries. Dressing, patches, tapes, electrode, and ostomy supplies are the types of medical adhesives. These products are used by the medical professionals with appropriate techniques or else it may lead to infection or pain.

As per the WHO (World Health Organization), the population is suffering from an epidemic of an unhealthy lifestyle. As per the information of WHO, cardiovascular diseases are directly linked to an unhealthy lifestyle.

As a result, there is a sharp increase in the number of people which are afflicted with cardiovascular diseases. Further, the applications of the product in internal medical applications like heart surgeries are expanding. For instance, fibrin-based adhesives which act as a key bonding agent having a hemostatic effect are witnessing rapid growth in heart surgery.Impact of this driver is high over the forecast period

Market Restraints: Stringent regulations for medical adhesive

Stringent regulations for medical grade products are expected to hamper growth of the medical adhesives market. The Food and Drug Administration (FDA) in the United State, China Food and Drug Administration (CFDA) in China, the European Medicines Agency (EMA) in Europe and other government agencies administer requirements which include testing, effectiveness, safety, manufacturing, labeling, promotion and advertising, distribution and post-market surveillance. This factor is expected hinder the market growth and its impact is high over the forecast period

Opportunity: Asia Pacific Region is expected to create significant opportunities

Asia Pacific region is an attractive region for the global medical adhesive market. According to United Nations Populations Funds (UNFPA), Asia Pacific represents 60% of the global population. High growth rate of the already wide population base in APAC along with increasing healthcare spending in the region is the primary factors fuelling the product demand in Asia Pacific.

APAC is the most densely populated region and comprises fastest growing economies (India and China). The rise in prevalence of lifestyle diseases including diabetes and higher road accident rates have demanded better wound closure products. This rise in demand is supported by rapidly developing health care industry in these countries. Permissive regulatory policies and favorable foreign trade policies would support the growth of the medical adhesives market in Asia Pacific region.

The highly populated countries such as India, China in Asia Pacific region creates significant opportunities over the forecast period

Global Medical Adhesives Market: Market Share Analysis By Formulation

Acrylic formulation dominates the market. It is expected to maintain its dominance over the coming years. The use of acrylics is evident in various applications ranging from dental to the assembly of medical device and equipment. Furthermore, they are also used in internal and exterior medical applications such as skin tissue adhesives.

The demand for silicone based medical adhesives is propelled by their ability to provide adhesion to silicon and other difficult to adhere substrates. In addition, they have various properties such as extreme weather resistance and have longer durability as compared to acrylics. The medical adhesives are generally used in external applications in the form of medical tapes. However, the demand of these products is restricted by their significantly higher cost as compared to other resins.

Global Medical Adhesives Market: Market Share Analysis By Application

The medical device application is expected to create significant opportunity over the forecast period.

In medical devices, adhesives are used for hearing-aid molding, needle assembly, anesthesia-mask bonding, polycarbonate component assembly (e.g. blood oxygenators, heat exchangers, and surgical pumps), and bonding of other medical devices. The substrate versatility, low shrinkage, strong thermal & chemical resistance, high gap filling, high peel, and rapid cure offered by the product are the factors driving their growth in medical device & equipment.

Market Key Players

Various key players are discussed in this report such as Henkel AG, Ethicon, Inc, 3M, Baxter International, Nitto Denko Corporation, B. Braun Melsungen AG, Scapa Group, Adhezion Biomedical, Chemence, Cryolife, Inc., etc.

Market Taxonomy

By Formulation
  • Acrylic
  • Silicone
  • Polyurethane
  • Hydrocolloid / hydrogel
  • Others
By Application
  • Wound Dressing
  • Securing IV Lines
  • Medical Devices
  • Implant
  • Tapes
  • Tissue Bonding
  • Others
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Key Questions Addressed by the Report
  • What are the Key Opportunities in Global Medical Adhesives Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M
  • Adhezion Biomedical
  • B. Braun Melsungen AG
  • Baxter International
  • Chemence
  • Cryolife Inc.
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Medical Adhesives Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Medical Adhesives Market, By Formulation
5.1 Y-o-Y Growth Comparison, By Formulation
5.2 Global Medical Adhesives Market Share Analysis, By Formulation
5.3 Global Medical Adhesives Market Size and Forecast, By Formulation
5.3.1 Acrylic
5.3.2 Silicone
5.3.3 Polyurethane
5.3.4 Hydrocolloid / hydrogel
5.3.5 Others

6 Global Medical Adhesives Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Medical Adhesives Market Share Analysis, By Application
6.3 Global Medical Adhesives Market Size and Forecast, By Application
6.3.1 Wound Dressing
6.3.2 Securing IV Lines
6.3.3 Medical Devices
6.3.4 Implant
6.3.5 Tapes
6.3.6 Tissue Bonding
6.3.7 Others

7 Global Medical Adhesives Market, By Region
7.1 Global Medical Adhesives Market Share Analysis, By Region
7.2 Global Medical Adhesives Market Share Analysis, By Region
7.3 Global Medical Adhesives Market Size and Forecast, By Region

8 North America Medical Adhesives Market Analysis and Forecast (2020 – 2027)
8.1 Introduction
8.2 North America Medical Adhesives Market Share Analysis, By Formulation
8.3 North America Medical Adhesives Market Size and Forecast, By Application
8.4 North America Medical Adhesives Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico

9 Europe Medical Adhesives Market Analysis and Forecast (2020 – 2027)
9.1 Introduction
9.2 Europe Medical Adhesives Market Share Analysis, By Formulation
9.3 Europe Medical Adhesives Market Size and Forecast, By Application
9.4 Europe Medical Adhesives Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe

10 Asia Pacific Medical Adhesives Market Analysis and Forecast (2020 – 2027)
10.1 Introduction
10.2 Asia Pacific Medical Adhesives Market Share Analysis, By Formulation
10.3 Asia Pacific Medical Adhesives Market Size and Forecast, By Application
10.4 Asia Pacific Medical Adhesives Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific

11 Latin America Medical Adhesives Market Analysis and Forecast (2020 – 2027)
11.1 Introduction
11.2 Latin America Medical Adhesives Market Share Analysis, By Formulation
11.3 Latin America Medical Adhesives Market Size and Forecast, By Application
11.4 Latin America Medical Adhesives Market Size and Forecast, By Country

12 Middle East Medical Adhesives Market Analysis and Forecast (2020 – 2027)
12.1 Introduction
12.2 Middle East Medical Adhesives Market Share Analysis, By Formulation
12.3 Middle East Medical Adhesives Market Size and Forecast, By Application
12.4 Middle East Medical Adhesives Market Size and Forecast, By Country

13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies

14 Company Profiles
14.1 Henkel AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Ethicon, Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 3. M
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Baxter International
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Nitto Denko Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 B. Braun Melsungen AG
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Scapa Group
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Adhezion Biomedical
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Chemence
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Cryolife, Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Henkel AG
  • Ethicon Inc
  • 3M
  • Baxter International
  • Nitto Denko Corporation
  • B. Braun Melsungen AG
  • Scapa Group
  • Adhezion Biomedical
  • Chemence
  • Cryolife Inc.
  • etc.
Note: Product cover images may vary from those shown
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