Reports and Data estimates the global Medical Adhesives competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2028 as the forecast period. The report offers CAGR and market size for the global Medical Adhesives during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include 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.
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Medical Adhesives Overview :-
The global medical adhesives market size was USD 8.61 billion in 2020 and is expected to register a revenue CAGR of 7.0% during the forecast period. Market revenue growth is primarily driven by increasing utilization of medical adhesives for internal and external surgeries. Recent advancements in medical adhesives are resulting in wider applications for medical joining and bonding, including for medical device assembly, bonding human tissue, wound care, and drug-delivery systems. Increasing number of laparoscopic surgeries and non-invasive surgery are boosting usage of adhesives for wound closure. The need for adhesives which would swiftly bond tissues and replace mechanical fasteners such as sutures and staples are driving further developments in medical adhesives, which are biodegradable and biocompatible, and do not interfere with the healing process.
Cyanoacrylate adhesives are the most widely used adhesives for bonding traumatized tissues and are rapidly replacing sutures in external applications. The ability of these adhesives to act as a reservoir for antibacterial medication as well as function as a liquid bandage to protect a wound is driving their demand and fueling revenue growth of the market. Moreover, rapidly increasing geriatric population and rising prevalence of chronic diseases such as cardiovascular diseases among elderly individuals are factors driving rapid utilization of medical adhesives in internal surgeries. Rising demand for medical protective wear during the COVID-19 pandemic and subsequent tracing, testing, treatment, and vaccination activities is also projected to drive demand for medical adhesives going ahead
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For the purpose of this report Reports and Data has segmented global Medical Adhesives market on the basis of type, application, and region:
Resin Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Natural Resin Type
- Collagen
- Fibrin
- Others
- Synthetic Semi-Synthetic Resin Type
- Silicone
- Epoxy
- Acrylic
- Polyurethane
- Cyanoacrylate
- Others
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Solvent-based
- Water-based
- Solid Hot-melt based
- Reactive Others
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- External Surgery
- Internal Surgery
- Dental
- Medical Devices Equipment
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Medical Adhesives during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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