Pune, India, September, 2023, /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Medical Adhesive Market
Market Research Future (MRFR) has published a cooked research report on the “Global Medical Adhesives Market” that contains information from 2023 to 2030. The Global Medical Adhesives Market is estimated to register a CAGR of 7.15% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Medical Adhesives Market— H.B. Fuller, Johnson & Johnson, Ashland Inc, 3M, Arkema Group, Henkel AG & CompanyChemence, Avery Dennison Corporation, Dow, and Cohera Medical Inc.
Medical Adhesive Market Highlights
Global Medical Adhesives Market is accounted to register a CAGR of 7.15% during the forecast period and is estimated to reach USD 16.48 Billion by 2030.
Medical adhesives, also known as medical glues or surgical adhesives, are specialized materials used in the healthcare industry to bond tissues together or to seal wounds and incisions during surgical procedures or wound closure. These adhesives are designed to provide secure and effective closure without the need for traditional sutures or staples, reducing the risk of infection and promoting faster healing. Medical adhesives are used in various medical applications, including wound closure, incision sealing, bonding of medical devices or implants, and tissue adhesion in internal surgeries. They are formulated to be biocompatible, and sterile, and have different levels of strength and flexibility to suit various medical needs. Medical adhesives play a vital role in modern surgical practices and wound management, offering several advantages over traditional closure methods.
Segment Analysis
The Global Medical Adhesives Market has been segmented based on Resin, Application, and Technology.
Based on Resin, the market is segmented into {Natural (Collagen, Fibrin, and Others), Synthetic & Semi-Synthetic (Acrylic, Cyanoacrylate, Epoxy, Silicone, Polyutherane, and Others)}. The dominance of the Natural category in the Medical Adhesives market can be attributed to its biocompatibility, reduced risk of adverse reactions, and increasing demand for eco-friendly and sustainable medical products.
Based on Application, the market is segmented into Implant, Tissue Bonding, Wound Closure, Medical Device & Equipment, Dental, Tapes, and Others. The Implant category dominates the Medical Adhesives market due to its crucial role in providing secure and long-lasting bonding for various medical devices and implants used in surgical procedures.
Based on Technology, the market is segmented into Water-Based, Solid & Hot Melt, and Solvent-Based. The Water-Based category dominates the Medical Adhesives market due to its eco-friendly nature, low VOC emissions, and suitability for sensitive medical applications.
Regional Analysis
The Global Medical Adhesives Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Medical Adhesives Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Medical Adhesives Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Medical Adhesives Market comprises of Middle East, Africa, and Latin America.
During the forecast period, the North American region emerges as the dominant player in the Medical Adhesives market, accounting for over 25% of the market share. This dominance is fueled by substantial investments in medical device innovation and development, as well as the presence of leading pharmaceutical companies in the region.
In Europe, the market is projected to witness growth due to the increased application of medical devices and a rising elderly population, leading to a higher prevalence of chronic diseases. Significant investments in the development of medical adhesives are expected to drive market expansion in the region throughout the forecast period.
Key Findings of the Study
- The Global Medical Adhesives Market is expected to reach USD 16.48 Billion by 2030, at a CAGR of 7.15% during the forecast period.
- The Medical Adhesives market is dominated by the North American region, commanding over 25% of the market share, driven by significant investments in medical device innovation and development, along with the presence of leading pharmaceutical companies in the area.
- Based on the Application, the Market has been segmented into Implants holding the largest market in 2023.
- B. Fuller, Johnson & Johnson, Ashland Inc, 3M, Arkema Group, Henkel AG & CompanyChemence, Avery Dennison Corporation, Dow, and Cohera Medical Inc.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 140 |
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