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Medical Adhesives and Sealants - Global Market Trajectory & Analytics

  • ID: 560598
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • Adhesives Research, Inc.
  • B. Braun Melsungen AG
  • CryoLife, Inc.
  • Dentsply Sirona Inc.
  • Johnson & Johnson/Ethicon
COVID-19 Disrupts Healthcare Services. Medical Adhesives & Sealants to Decline by -4.9% in 2020

The global market for Medical Adhesives &Sealants is expected to decline by -4.9% in the year 2020. With social distancing being the primary way to reduce the spread of infection and flatten the curve, governments worldwide have encouraged limiting close contact, movement of people, and travel. The pandemic has affected the healthcare industry in multifaceted ways. Access to healthcare services remains severely disrupted on two counts i. e. physician clinics and hospital out-patient departments remain shut over fears of infection spread; and primary healthcare resources are being repurposed and focused for the treatment of COVID-19 patients. Shortage of appropriate PPE equipment is the single most important factor responsible for the closure of physician offices and out-patient clinics treating non-COVID patients. Physicians have therefore been unable to see new patients or provide timely follow-up care for existing patients. With infections continuing to rise worldwide, healthcare systems are overburdened by the flood of COVID-19 patients requiring hospital care. Several countries began by emptying hospitals beds occupied by non-corona virus patients before the pandemic to make space for the arrival of COVID-19 patients. In Hungary, over 69.2%, 75.6%, 62.4% and 42.1% of existing hospital beds were emptied to accommodate COVID-19 patients in the month January, February, March, and April 2020 respectively. Routine healthcare services are especially worst hit in countries with less abundant healthcare such as India, Bangladesh, Pakistan, Brazil, Indonesia, Ethiopia, Tanzania, Congo and Uganda. Against the backdrop of large reallocation of healthcare personnel/ facilities to COVID-19 response and management, there is a sizable shrinking of the provision of non-COVID healthcare services across the entire medical/healthcare spectrum.

Cancellation of Patient Appointments & Surgeries is a Chief Factor Responsible for the Decline

Contributing to the declining demand for non-surgical adhesives and sealants are cancellations of less urgent out-patient consultations. Private practitioners are facing new and unfamiliar challenges in delivering care to non-urgent patients. The most impacted among private medical practice is dental. Dentists are especially bearing the brunt as the risk of COVID-19 cross infections is higher in dentistry as saliva plays a key role in human-to-human transmission. Oral procedures involving the use of drills or ultrasonic devices cause aerosol release increasing the risk of inhalation of airborne particles by doctors. With routine dentistry suspended in most countries, demand for dental adhesives and sealants is declining sharply. Demand for medical skin adhesives and sealants for topical wound care has also declined as wound care clinics suspend routine out-patient appointments. Non-critical and elective surgeries are being cancelled and post one das hospitals come under pressure to reduce maximum patient throughput to avoid crowding. This has reduced the volume of surgeries performed in private hospitals. Also, shortage of testing kits and testing labs juxtaposed with the need to screen and test for SARS-CoV-2 before admission into a general ward and prior to surgical procedure is lowering the volume of surgeries being performed. Also, with ICU capacity overrun with COVID-19 patients requiring critical care and life-support, several hospitals are cancelling scheduled surgeries. With healthcare systems now urged to step up their standard-of-care and take additional precautionary measures to ensure no accidental transmission of COVID-19 infection while providing services to non-COVID patients, the cost of healthcare is increasing and threatens to impact affordability and equitable access to healthcare services. The scenario is leading to reduced delivery of non-COVID-19 out-patient and hospitalization services which in turn is impacting demand for and use of surgical adhesives and sealants including tissue sealants.

Recovery Will Begin When Routine Healthcare Resumes in the Context of COVID-19

The world will need to learn to live with the virus until a vaccine arrives. Routine healthcare will need to resume with new set of safety standards as medical care for the chronically sick cannot be postponed for long. The global market is projected to reach a revised size of US$5.1 billion by the year 2027, trailing a CAGR of 5.6%. Acrylic adhesives and sealants, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$4.5 billion by the end of the analysis period. In the post COVID-19 period, healthcare spending will outstrip global GDP growth supported by societal aging; changing lifestyles and declining health status in younger population; and pandemic induced focus on private, public, national and political level focus on healthcare quality and infrastructure development. Pent up demand for surgeries during this period will result in a parallel increase in demand for surgical adhesives and sealants. Other key noteworthy trends expected to directly influence growth in the market include stringent medical device sterilization procedures and the resulting importance of sterilization resistant adhesives; shift to value-based healthcare, emphasis on patient outcomes, and resulting demand for advanced adhesives and sealants; growing prominence of adhesive dentistry and the ensuing innovation dental adhesives and sealants; and expanding commercial opportunities for biodegradable and biocompatible sealants. In Asia, growth will be led by factors such as, establishment of new hospitals and healthcare facilities, and growing investments in state-of-art medical technology and equipment, emergence of the region as the chief manufacturing center for medical devices and components, growing adoption of advanced surgical wound site closure techniques over traditional sealing approaches, and falling cost of bio-degradable, infection-free and safer sealants.

Select Competitors (Total 46 Featured):
  • 3M Company
  • Adhesives Research, Inc.
  • Advanced Medical Solutions Group plc
  • Advanced Medical Solutions Israel (Sealantis) Ltd
  • B. Braun Melsungen AG
  • Baxter International, Inc.
  • Becton, Dickinson and Company
  • CryoLife, Inc.
  • Dentsply Sirona Inc.
  • Tricol Biomedical, Inc.
  • Integra Life Sciences Corporation
  • Johnson & Johnson/Ethicon
  • Kerr Corporation
  • Medtronic Plc
  • Procter & Gamble Company
  • Vivostat A/S
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Adhesives Research, Inc.
  • B. Braun Melsungen AG
  • CryoLife, Inc.
  • Dentsply Sirona Inc.
  • Johnson & Johnson/Ethicon
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • With Routine Healthcare Care Disrupted, Surgical & Non-Surgical Uses of Medical Adhesives & Sealants Suffer a Temporary Setback
  • Exhibit 1: Global Surgery Cancellation Rate (%) Feb to May 2020
  • Impact on Dentistry Market
  • Exhibit 2: State of Dental Practice Amid COVID-19
  • An Introduction to Medical Adhesives and Sealants
  • Synthetic Medical Adhesives Vs. Natural Medical Adhesives
  • Medical Adhesives Vs. Industrial Grade Adhesives
  • Current Market Scenario and Outlook
  • Market Constraints and Challenges
  • Regional Analysis
  • Analysis by Product Segment
  • Analysis by Technology Type
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rise in Surgical Procedure Volumes Drive Growth
  • Exhibit 3: Potential Market for Surgical Adhesives and Sealants (2020): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
  • Utility of Adhesives & Sealants in Select Surgical Procedures: A Snapshot
  • Select Sealant Materials & their Applications in Surgical Applications
  • Rise in Preference for Minimally Invasive Procedures Augurs Well for Market Growth
  • Elastic Adhesives to Resolve Challenges in Lung & Cardiovascular Surgical Procedures
  • Conventional Intracutaneous Sutures & Staples Lose Relevance Amid Surgical Procedure Innovation
  • Surgical Adhesives Evolve Rapidly in terms of Functionality & Efficiency
  • Hemostatic Agents Gain Application to Control Blood Leakage
  • Growing Prominence of Adhesive Dentistry Drives Growth of Dental Adhesives & Sealants
  • Exhibit 4: Global Cosmetic Dentistry Market Size in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Dental Sealants Evolve to Address the Need for Less Complex Solutions
  • Progress in Adhesive Dentistry
  • Robust Dental Tissue Bonding Agents Come to the Fore for Dental Reconstruction
  • Exhibit 5: Global Tooth Filling Materials Market (2020): Percentage Breakdown of Value Sales by Material for Ceramic Fillings, Composite Fillings, Gold Fillings, Dental Amalgam and Others
  • Wound Management: A High Growth Area
  • Adhesive Bandages Explore Novel Design Variations
  • Exhibit 6: Global Prevalence of Wounds by Type (in Millions)
  • Shift to Value-Based Healthcare Spurs Opportunities for High Value Adhesives & Sealants for Medical Devices
  • Focus on Infection Control Drives Interest in Sterilization Resistant Adhesives
  • Huge Unmet Needs Open Opportunities for Biodegradable, Biocompatible & Elastic Sealants
  • Pressure Sensitive Adhesives Gain Significance in Medical Applications
  • Wearable Medical Devices: An Exciting Market Opportunity
  • Exhibit 7: Global Market for Wearable Medical Devices (in US$ Billion) for Years 2019, 2021, 2023, & 2025
  • Impact of Healthcare Expenditure on Market Growth
  • Exhibit 12: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Demographic Shifts & Societal Changes Drive Demand Greater Clinical Care
  • Exhibit 8: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Regulatory Concerns for Medical Adhesives and Sealants
  • Select Product Developments
  • Other Developments
  • Nanotechnology in Incision Closures
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Competitive Landscape
  • Exhibit 9: Market Share of Leading Players in US Surgical Sealants Market: 2019
  • Market Overview
  • Brief Note on Covid-19 Impact
  • Growth in Medical Devices Manufacturing Sector Supports Long-term Growth
  • Surgical Adhesives and Sealants Harness Growth
  • Surgical Incision Closures Market: An Overview
  • Surgical Sealants Market
  • Hemostats Tissue Sealants Set For Impressive Growth
  • Rise in Elderly Population Indicate More Room for Growth
  • Exhibit 10: Increase in Number of Surgeries in the US (2001-2010, 2010-2025) (in %)
  • Exhibit 17: US Elderly Population: Expected Growth Rates Over the Years 2005-2025
  • Growth in Cosmetic Surgeries Drives Opportunities
  • Exhibit 11: Top Cosmetic Surgical Procedures in the US: 2019
  • Exhibit 12: Top Minimally Invasive Cosmetic Procedures in the US: 2019
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • Market Overview
  • EUROPE
  • Market Overview
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
  • 3M Company
  • Adhesives Research, Inc.
  • Advanced Medical Solutions Group plc
  • Advanced Medical Solutions Israel (Sealantis) Ltd
  • B. Braun Melsungen AG
  • Baxter International, Inc.
  • Becton, Dickinson and Company
  • CryoLife, Inc.
  • Dentsply Sirona Inc.
  • Tricol Biomedical, Inc.
  • Integra Life Sciences Corporation
  • Johnson & Johnson/Ethicon
  • Kerr Corporation
  • Medtronic Plc
  • Procter & Gamble Company
  • Vivostat A/S
Note: Product cover images may vary from those shown
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