29 July 2020
Visiongain has launched a new report Medical Adhesives Market Report 2020-2030: Forecasts by Type (Natural and Synthetic & Semi-Synthetic), by Application (Dental Adhesives, Internal & External Medical Surgery, Medical Device & Equipment, & Other Applications), by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) PLUS Analysis of Leading Companies and COVID-19 Impact Scenarios.
Visiongain anticipates the global medical adhesives market is estimated to grow from US$ xx billion in 2020 and is expected to reach US$ xx billion by 2030, growing at a CAGR of xx%. The extensive growth of the global medical adhesives market is attributed to its increased usage in surgical equipment and medical devices. The increasing acceptance of medical adhesives is its ability to increasingly optimize the assembly and manufacturing processes. Moreover, it has been observed that adhesives are also employed with various critical surgical equipment to further enhance their properties and durability.
“Medical Adhesive Market is driven by a growing population, health awareness in developing regions, rising demand for single-use disposable medical products, and growing demand from the medical implant industry.”
Industry Analyst, Visiongain
Based on product type, the global medical adhesives market is segmented into synthetic & semi-synthetic resin and natural resin. Among these resins, synthetic & semi-synthetic resin has dominated the overall market owing to its increasing adoption across the supply chain. Easy availability and low cost of these resins have increased the demand in the medical adhesive industry. These resins provide high binding strength and durability to the medical devices & equipment which is further increasing the demand for synthetic & semi-synthetic resins in the medical adhesive industry.
Based on application, the global medical adhesives market is segmented into denture adhesives, medical devices & equipment, internal & external medical surgery, and others. Among these, all applications, medical devices & equipment application segment is growing with a higher rate owing to the increasing demand for medical treatment. Owing to that adhesive requirement is increasing for bonding different assemblies in medical devices which is further anticipated to augur market growth over the forecast period. Medical adhesives have replaced numerous fastening devices in the medical industry over the last few years.
By region, North America dominated the overall market for a medical adhesive with the U.S. dominating the overall countries. The U.S. is witnessing the higher demand for medical adhesive owing to its well established medical infrastructure and the presence of major manufacturers in the country. Also, multinational corporations are investing in the medical sector to increase their manufacturing capacity in the country. Also, Asia Pacific is the fastest-growing region for medical adhesives. The growing demand from emerging economies across the Asia Pacific region is anticipated to boost the medical adhesives market. India is expected to be the fastest-growing market for medical adhesives in the Asia Pacific owing to rising increasing investment in medical infrastructure development.
The report also offers insights for the European, Latin American, and the Middle East and African Markets. A detailed analysis of historic and forecast consumption data, revenue in the market, and competitive analysis for major competitors in each region are also provided.
As of 2020, the medical adhesive industry is fragmented with the presence of many established international and domestic manufacturers. Some of the major players analyzed in the report are Ethicon, Inc. (Johnson & Johnson Services), Henkel AG & Co KGaA, 3M, Baxter International Inc., Nitto Denko Corporation, B. Braun Melsungen AG, Adhezion Biomedical, LLC, Chemence Medical, Inc., CryoLife, Inc., Medtronic, Dentsply Sirona, H. B. Fuller Company, Permabond LLC Company, Master Bond Inc., and Dymax Corporation.
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