Global Medical Adhesives Market - 2022-2029

Market Overview

The global medical adhesives market size was valued at US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Medical adhesives are used for surgical procedures and bonding of medical appliances and are used for the fabrication of an extensive range of medical instruments. These medical appliances are either disposable or can be used several times. Some medical adhesives are ideal for fixing an extensive range of substrate surfaces including plastics, metals, and rubbers, whereas others are suitable for skin applications.

Market Dynamics

The global medical adhesives market growth is driven by the high growth in medical implants. The surgical sector is expecting a boom in the forecasted period and will lead to an increase in the demand for medical adhesive.

Increase in demand for single-use medical products to drive the market growth

Single-use disposable medical products offer several advantages over traditional stainless-steel systems. Disposable-device assembly depends primarily on injection-molded plastic, assembled by bonding, gluing, ultrasonic welding, or radio-frequency welding. The high production volume of single-use devices calls for an automated assembly in clean rooms to minimize human contact. The advantages include decreased risk of cross-contamination, fewer regulatory concerns, reduced validation requirement for cleaning systems, lower capital investment, higher flexibility in portability and scalability, and increased assurance of sterility. According to Dow Corning (manufacturer of disposable silicone tubing), one of the leading companies in the single-use disposable products market, the market is projected to grow at a rate of 17-20% in the next few years.

The healthcare industry is growing in developing regions, such as APAC, the Middle East & Africa, and South America due to the increasing population, health awareness, and income levels. Medical device manufacturers are now setting up facilities in these regions that are witnessing higher investments by multinational manufacturers.

Stringent regulations and lengthy approval processes hamper growth

Despite the increasing incidence of stone diseases, there are certain factors that are limiting the adoption of its treatment. One of the major factors obstructing the growth of the market is its side effects such as bleeding around kidneys, blockage of urine due to broken stones, infections, and an increase in arterial blood pressure, among others. related to the shock wave lithotripsy.

COVID-19 Impact Analysis

The medical adhesives industry has rebounded this year from one of its worst periods ever as the COVID-19 pandemic triggered major sales losses in 2020. Though the emergence of the Omicron variant could threaten the growth of medical adhesives sales. The COVID-19 pandemic has shown healthcare institutions all over the world the importance of the integration of new technological advances into existing systems. With hospitals facing shortages of medical adhesives due to patient overflow. These factors will hamper the growth of the market during the pandemic. However, when the situation became normal the market will grow at a steady rate.

Segment Analysis

The surgery segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

The surgery application segment is the largest market for the application of medical adhesives. There are various major issues created by the sutures like traumatic punctures to surrounding tissue from the needle, which is especially detrimental for vital organs such as the liver or lung, where stopping leaks of blood and air by suturing is difficult. The incorrect positioning or tightness might lead to the development of fibrous scar tissue caused by epidermal ingrowth along the suture track. In many situations, sutures are time-consuming for long or multiple lacerations, hence, the adhesives play a great role. The key benefit of applying an adhesive layer with stitches on a wound closure is that the adhesive overlays the entire wound as a whole. This coverage acts as a preventive measure for secondary bleeding, thus reducing the risk of infection during the healing process. Gluing the skin is a quick method that saves surgery time, along with being low-cost. This method has aesthetic benefits as it does not involve stitch removal.

Geographical Analysis

North America region holds the largest market share of the Global Medical adhesives Market

North America has the largest market share in the forecast period. Increased patient awareness levels regarding wound infections and diseases and the rapidly increasing geriatric population in this region, especially in the U.S are the major factors contributing to market growth. The shift of the market player's focus towards advanced wound dressings compared to the traditional staple and suture methods is the major trend witnessed in this region. According to the U.S. Census Board, people above 65 years would account for 20% of the total population by 2030. According to the United Nations University (UNU), one million people reach 60 years of age every month globally. Aging leads to tooth decay, tooth erosion, tooth tissue softening, and denture-related problems. These contribute significantly to the growth of the dental adhesives and sealants market. Additionally, aging results in higher susceptibility to bone-related injuries, weakening of joints, bleeding disorders, and other cardiovascular problems. Most of these issues are resolved through surgery, which requires the usage of medical adhesives and sealants. The rise in the incidence of these problems related to aging is anticipated to drive the demand for medical adhesives in the region.

Competitive Landscape

The medical adhesives market is a moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Ethicon, 3M, B. Braun Melsungen AG, Baxter International, Henkel, Avery Dennison Corporation, The DOW Chemical Company, Cohera Medical, Inc. Avery Dennison Corporation, and Bostik SA among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Medical adhesives Market globally. For instance, In July 2021, Baxter International has announced the acquisition of PerClot Polysaccharide Hemostatic System from CryoLife, Inc. for up to USD 60.8 million.

3M Healthcare

Overview:

3M Health Care Ltd. provides medical products and services. The Company manufactures devices, surgical tools, and equipment for dentistry, orthodontics, veterinary, drug delivery, diagnostics, skin, and wound care. 3M offers services in food safety and infection prevention, as well as distributes medical products internationally.

Product Portfolio:

3M™ Medical Tape 1509: This double-sided medical tape on a roll (1509) consists of a 3 mil transparent polyethylene film, coated on two sides with a tackified acrylic adhesive. May be used for health care medical devices.

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Visualize the composition of the global medical adhesives market segmentation by material type, application, technology, and region highlighting the key commercial assets and players.

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Excel data sheet with thousands of data points of global medical adhesives market-level 4/5 segmentation.

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Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Medical adhesives Market- by Material type

Acrylic Adhesive

Polyurethane

Cyanoacrylate

Epoxy

Others

Global Medical adhesives Market- by Application

Dental

Surgery

Medical Device

Equipment

Others

Global Medical adhesives Market- by Technology

Water-based

Solvent-based

Hot Melt

Others

Global Medical adhesives Market- by Region

North America

Europe

Asia-Pacific

Middle East & Africa

South America