Global Medical Adhesive Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

Medical Adhesive Market Introduction:

“The global Medical Adhesive Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Medical adhesives are majorly used in the medical industry to close up wounds, patch or dress the skin, fix medical devices such as tape, and others. Medical adhesives are utilized majorly in surgical care. It is utilized for enamel and bone reconstruction during surgeries. There is a variety of products involved in medical adhesives such as patches, dressing, electrodes, tapes, and ostomy supplies. Medical adhesives have to be utilized by medical professionals with appropriate techniques or else it may lead to infection or pain.

Dynamics

Increasing demand for medical adhesives across various end-use industries such as dental and medical devices & equipment is a major factor estimated to drive the growth of the global market over the next few years. In addition, the increasing scope of its application in the internal and external medical industry is another factor estimated to support revenue growth of the global market over the next few years.

In addition, the increasing aging population and advanced medical procedures are other factors estimated to increase medical adhesives demand, which in turn is anticipated to drive the growth of the global market in the next few years.

However, fluctuating raw material prices are a key factor expected to hamper the growth of the global market to a certain extent

Segmentation Analysis

The epoxy synthetic & semi-synthetic resin type segment is expected to account for a major share in terms of revenue in the global medical adhesive market, owing to increasing demand from dental and medical device & equipment sectors. The epoxy synthetic & semi-synthetic resin type segment revenue is also anticipated to register the highest CAGR over the forecast.

The dental application segment is expected to account for a major share in terms of revenue in the global medical adhesive market. The dental application segment revenue is also anticipated to register the highest CAGR over the forecast.

Region Analysis

Asia Pacific medical adhesives market is estimated to account for a major share in terms of revenue in the target market. In addition, the Asia Pacific market is also projected to register the fastest growth in terms of revenue over the next 10 years, owing to increasing demand from dental and medical equipment sectors in countries in this region. In addition, increasing investments by external and internal medical applications owing to low-cost labor and easy availability of raw materials in various countries such as India and China in the Asia Pacific, and rising demand for these adhesives from various other medical sectors are other key factors projected to drive the growth of the Asia Pacific market in the next few years. The market in China is projected to account for a significant share in terms of revenue in the Asia Pacific market.

Global Medical Adhesive Market Segmentation:

Segmentation by natural resin type:

• Collagen
• Fibrin
• Others (Albumin, cellulose, and amino acid derivatives)

Segmentation by synthetic & semi-synthetic resin type:

• Acrylic
• Cyanoacrylate
• Epoxy
• Silicone
• Polyurethane

Segmentation by formulating technology:

• Water-based
• Solvent-based
• Solids & Hot Melt

Segmentation by application:

• Dental
• Medical Device & Equipment
• Internal Medical Applications
• External Medical Applications

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa