The Global Medical Adhesivess Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2023-28. This detailed analysis offers valuable insights into the key growth drivers, geographical dynamics, and emerging trends that are poised to shape the market's trajectory in the coming years.
The growth of the market is likely to be driven majorly by the rising application of adhesives in dental care procedures, cardiovascular surgeries, and fixing bonding medical equipment. The demand for medical adhesives primarily arises from the manufacturers of medical protective wear products such as masks or pharmaceutical industries in the formation of bandages, surgical tapes, etc. The doctors the hospital staff are at a greater risk of Healthcare Associated Infection (HAI), therefore the necessity of wearing masks all the time has augmented the demand for electrically conductive medical adhesives.
In addition to this, medical practitioners are switching towards medical adhesives for treating wounds rather than conventional wound closure measures such as stitches. Hence, the demand for these adhesives surged in the historical years owing to the wide adoption of skin adhesives in medical treatments surgeries.
Further, medical adhesives play an integral part in the assembly of the components are used in the assembling of catheters blood oxygenators. The manufacturers are gradually adopting medical adhesives rather than conventional device assembly methods such as vibration welding, ultrasonic welding, etc. Since it provides greater resistance evenly distributes the stress pressure. Medical adhesives fill the large gaps and can join dissimilar materials, thus they are now widely used for bonding, sealing, and assembling medical devices, i.e., generating the demand for light-cure adhesives light-cure silicones. As a result, manufacturers are increasingly using medical adhesives to assemble drug-delivery devices, like syringes, injectors, etc.
Moreover, the extensive use of medical adhesives in medical surgeries to re-approximate wounded tissues in a variety of surgical applications is also stimulating market growth. Tissue adhesives, glues, etc., are extensively used by medical practitioners as an alternative to stitches to staple or close wounds. As a result, as the number of plastic surgeries, orthopedic surgeries, cardiovascular surgeries, and so on rises, so does the demand for medical adhesives. Furthermore, the use of skin adhesives in surgeries is expected to expand at a rapid pace due to the long-term protection they provide in cases of wounds, post-surgery healing, and others.
Exploring the Market Dynamics: What’s Driving the Growth of Medical Adhesives Market?
Expanding Oral Hygiene Consciousness to Foster Growth for Dental Fixture Adhesives - In the past few years, there has been a substantial rise in the usage of medical adhesives sealants in the fields of dental implants, periodontics, and prosthodontics owing to the increasing awareness related to oral health among patients. The advancement in terms of technology equipment used for dental care has led to the emergence of better dental care procedures replaced conventional dental care procedures. The application of adhesives has considerably surged in dental care to fix dentures provide stability by preventing the dentures from slipping out.
Moreover, dental adhesives aid patients with dry mouth in preventing denture adherence, thus making them more necessary in dental care. The uptick in oral problems such as cavities, Edentulism, and others, has elevated the need for medical care for dental issues because patients are experiencing tooth loss at an earlier age. As a result of the population's reliance on dentures as an alternative to permanent teeth, the demand for medical treatment involving the use of medical adhesives has been enhanced.
Furthermore, medical practitioners have adopted medical adhesives due to the distinguishing characteristics they possess, such as being skin-friendly more effective. Hence, the market for medical adhesives is primarily driven by the widespread use of adhesives in medical treatments and the emergence of health concerns.
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Key Takeaways from the Market Study:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR (2023-2028): 25%
- Key Players to Watch: Ethicon, Inc., Henkel AG Co. KGaA, B. Braun Melsungen AG, Adhezion Biomedical, LLC, Covidien (Medtronic), Dentsply Sirona, Advanced Medical Solutions Group PLC, Becton Dickinson (BD), H.B. Fuller Company, Ashland Inc, Arkema Group, Chemence , Cohera Medical Inc., GluStitch, GEM S.R.L, Others [Adhesive Systems Inc, Engineering Adhesives Lubricants (Aust) Pty Ltd] are expected to play a pivotal role in driving market growth through strategic investments, partnerships, and innovation.
Latest News in the Medical Adhesives Industry:
- 2022: Henkel AG Co. KGaA opened the manufacturing unit of adhesives in Mexico to expand its footprints in the region increase the production capacities of adhesives sealants.
Market Segmentation of Medical Adhesives Industry
The Medical Adhesives market is segmented as follows:
- By Technology
- Water Based
- Solvent Based
- Solid Hot Melt
According to report, the rechargeable segment holds a larger share of the Global Medical Adhesives Market mainly due to their lower costs.
- By Type
- Pressure Sensitive Adhesives
- Dissolvable Adhesives
- Electrical Conductive Adhesives
- By Resin
- Natural
- Collagen
- Fibrin
- Synthetic Semi-synthetic
- Cyanoacrylate
- Epoxy
- Acrylic
- Polyurethane
- Others (Silicone, Polyamide, etc.)
- By Application
- Dental
- Internal External Surgeries
- Cardiovascular
- General
- Orthopedic
- Urological
- Others (Pulmonary, Ophthalmic, etc.)
- Medical Devices Equipment
- Needles Syringes
- Catheters
- Others (Face Mask, Tube sets)
According to reports, offline retail holds the largest market share.
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Medical Adhesives Market Geographical Analysis
North America
South America
Europe
Middle East Africa
Asia-Pacific
According to reports, North America holds a prominent share of the Medical Adhesives Market
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