Medical Adhesives Market by Technology, Resin, Application

List of Tables

[199 Pages Report] The Medical Adhesives Market size was estimated at USD 10.35 billion in 2023 and expected to reach USD 11.15 billion in 2024, at a CAGR 7.89% to reach USD 17.62 billion by 2030.

Medical adhesives are specialized and biocompatible substances that facilitate the binding of different surfaces in medical applications involving both internal and external components. Medical adhesives, especially cyanoacrylates, are commonly used in wound closure as a replacement for sutures and staples. They contribute to less invasive procedures, lower infection rates, and quicker recovery times. In surgeries, bioadhesives are used for binding tissues internally, providing a significant advantage over sutures by reducing the risk of leaks and adhesion formation. Medical adhesives have applications such as securing bandages, dressings, and tapes to surgical binders, and these adhesives are integral in medical procedures. Furthermore, they play a pivotal role in the bonding of medical devices and dental restorations. Growing inclination towards minimally invasive surgical procedures and increasing emphasis on faster healing and reduced scarring in medical interventions significantly drive the adoption of medical adhesives. However, skin reactions and allergies caused by certain types of medical adhesives have limited the adoption of medical adhesives. Additionally, biocompatibility and degradation issues with certain medical adhesives hinder market growth. Furthermore, innovations creating more biocompatible and resilient adhesives are also set to propel market growth. The emerging utilization of medical adhesives across dermatology and cardiology applications creates lucrative opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.35 billion
Estimated Year [2024]	USD 11.15 billion
Forecast Year [2030]	USD 17.62 billion
CAGR (%)	7.89%

Technology: Growing applications of solvent-based adhesives for internal surgical projects due to their high-strength and temperature resistance

A primary and popular choice in the medical adhesive space, solids & hot melt-based medical adhesives are used in a wide array of medical applications such as tapes, bandages, wound dressings, and drug delivery patches. Their high versatility, instant bonding properties, and ability to effectively adhere to different types of surfaces have made them a consistently preferred option for manufacturers. Solvent-based medical adhesives are traditionally used in technical applications such as surgical cement owing to their high strength and temperature resistance, which makes them ideal for internal applications. Water-based adhesives, also known as aqueous adhesives, hold their merit attributed to their eco-friendly nature, as their production generates fewer toxins. Furthermore, they are often used in applications that require gentle skin care, such as ostomy seals and wound dressings.

Resin: Emerging development of the organic composition of medical adhesives with bio-compatible natural resins

Natural resins hold a substantial share in the medical adhesive industry owing to their bio-compatibility, absorbency, and non-toxic nature. These adhesives are mainly derived from organic compounds and are widely used in applications such as wound dressings, drug delivery systems, and medical tapes. The preferential need for natural medical adhesives arises from their capacity to promote cell growth, curtail infection likelihood, and enhance healing. As a result, they are a suitable choice for patients with sensitive skin or in post-surgical applications. Synthetic and semi-synthetic resins are manufactured using chemical reactions and are known for their robust adhesive properties, water resistance, and longevity. These adhesives find critical use in implants and intricate medical devices, blending durability with bio-compatibility. Acrylic-based resins, known for their high performance, versatility, and weather-resistant properties, offer excellent adhesion to a variety of surfaces, providing a stable and secure bonding. Cyanoacrylate resins deliver rapid curing and robust adhesion. They are often used for wound closure owing to their swift polymerization upon contact with moisture, making them a staple in emergency surgical procedures. Epoxy resins are utilized in medical appliances due to their mechanical strength and resistance to sterilization processes. Commonly found in flexible medical devices, polyurethane resins are durable and flexible, offering excellent bio-stability. Silicone resins are popular in the healthcare sector for their bio-compatibility and resilience to extreme temperatures. They are notably used in the manufacturing of medical devices owing to their elastomeric properties and heat resistance, ensuring reliability and performance.

Application: Demand for high-performance medical adhesives attribu to the advent of lightweight, compact, and complex medical devices and equipmen

In dentistry, restorative adhesives help bond composite resins to enamel and dentin, forming a micro-mechanical bond that strengthens the fillings. Denture adhesives, on the other hand, are non-toxic, water-soluble compounds designed to enhance the performance and comfort of full or partial dentures. Pit and fissure sealants protect the occlusal surfaces of teeth, preventing cavities by adhering to the enamel and sealing the natural pits and fissures on the chewing surfaces. Adhesives in medical surgeries are critical in ensuring the success of both internal and external operations. In cardiovascular surgeries, adhesives seal wounds, reducing the risk of internal bleeding, while in central nervous system procedures, they are used to attach medical devices or as a dural sealant. Cosmetic surgeries also employ adhesives that help close wounds cleanly, reducing the appearance of scarring. In ophthalmic procedures, adhesives are crucial in holding bandages and ocular devices. In orthopedic surgeries, adhesives help to secure implants and prostheses, while in urologic procedures, they are used in catheter insertion or kidney stone treatments. Medical adhesives are instrumental in manufacturing and using medical devices and equipment. They are extensively used in catheters, providing a bond that can withstand the resilience of daily usage while maintaining biocompatibility. Adhesives are important in assembling masks, especially in creating tight seals that ensure efficiency. In the case of needles and syringes, adhesives hold the components together, ensuring leak-proof and safer injections. They are also used in tube sets, providing strength for feeding, oxygen, and other related medical equipment.

Regional Insights

In the Americas, the United States, and Canada, an aging demographic presents a significant consumer base with a high consumption rate of medical adhesives. With cutting-edge research and development facilities, the Americas have been the cradle of numerous medical adhesive patents in the past decades. Increased investments by prominent healthcare companies towards enhancing adhesive technology significantly contribute to the region's dominance in the global landscape. The European Union represents a lucrative market for medical adhesives, with both demand and technological advancements. Consistent investments in healthcare research and development, coupled with stringent regulations ensuring high-quality standards, foster market growth in this region. The economic initiatives taken by the EMEA countries have encouraged further advancements in medical adhesive technology. The proliferation of healthcare initiatives by respective governments and international organizations in the Middle East and Africa directly connects to the rising demand for medical adhesives. Increased investments are likely to accelerate upskilling and subsequent market growth in the Middle East and Africa region. The Asia Pacific region, primarily led by China, Japan, and India, has observed a steep rise in the demand for medical adhesives due to escalating healthcare infrastructural developments and a burgeoning population. Another contributor is the increase in consumer awareness regarding the benefits of adhesives in wound care and surgical procedures. The region also boasts remarkable research activities, supported by generous healthcare investments and a slew of government initiatives aimed at supporting indigenous product innovation.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Medical Adhesives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medical Adhesives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Medical Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advanced Medical Solutions Group Plc, Ashland Inc., Avery Dennison Corporation, Baxter International Inc., Chemence Medical Inc., Cryolife, Inc., DermaMed Coatings Company, LLC, DuPont de Nemours, Inc., Dymax Corporation, Glaxosmithkline PLC, H.B. Fuller Company, Heartland Adhesives, LLC, Henkel AG & Co. KGaA, Mactac, a LINTEC Company, Master Bond Inc., Mativ Holdings, Inc., Medical Devices Business Services, Inc., Medtronic PLC, Nitto Denko Corporation, Ocular Therapeutix, Inc., Panacol-elosol GmbH, Permabond LLC, Procter & Gamble Company, and Smith & Nephew PLC.

Market Segmentation & Coverage

This research report categorizes the Medical Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Solids & Hot Melt-Based
- Solvent-Based
- Water-Based

Resin
- Natural
- Synthetic & Semi-Synthetic
  - Acrylic
  - Cyanoacrylate
  - Epoxy
  - Polyurethane
  - Silicone
Application
- Dental
  - Dental Restorative Adhesives
  - Denture Adhesives
  - Pit & Fissure Sealants

Internal & External Medical Surgery
- Cardiovascular
- Central Nervous System
- Cosmetic
- Ophthalmic
- Orthopedic
- Urological

Medical Device & Equipment
- Catheters
- Masks
- Needles & Syringes
- Tube Sets

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Medical Adhesives Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Adhesives Market?

3. What are the technology trends and regulatory frameworks in the Medical Adhesives Market?

4. What is the market share of the leading vendors in the Medical Adhesives Market?

5. Which modes and strategic moves are suitable for entering the Medical Adhesives Market?

Product Code: MRR-EC2E133E327A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing inclination towards minimally invasive surgical procedures
  - 5.1.1.2. Increasing emphasis on faster healing and reduced scarring in medical interventions
- 5.1.2. Restraints
  - 5.1.2.1. Skin reactions and allergy risks associated with the usage of medical adhesives
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous advancements in the formulation of medical adhesives
  - 5.1.3.2. Emerging utilization of medical adhesives across dermatology and cardiology applications
- 5.1.4. Challenges
  - 5.1.4.1. Biocompatibility and degradation issues with certain medical adhesives
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing applications of solvent-based adhesives for internal surgical projects due to their high-strength and temperature resistance
- 5.2.2. Resin: Emerging development of the organic composition of medical adhesives with bio-compatible natural resins
- 5.2.3. Application: Demand for high-performance medical adhesives attribu to the advent of lightweight, compact, and complex medical devices and equipmen
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Medical Adhesives Market, by Technology

6.1. Introduction
6.2. Solids & Hot Melt-Based
6.3. Solvent-Based
6.4. Water-Based

7. Medical Adhesives Market, by Resin

7.1. Introduction
7.2. Natural
7.3. Synthetic & Semi-Synthetic

8. Medical Adhesives Market, by Application

8.1. Introduction
8.2. Dental
8.3. Internal & External Medical Surgery
8.4. Medical Device & Equipment

9. Americas Medical Adhesives Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Medical Adhesives Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Medical Adhesives Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Panacol's Special Adhesives for Medical Wearables
- 12.3.2. H.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy
- 12.3.3. Pushing boundaries in health tech: 3M launches new medical adhesive offering premium wear time, up to 28 day
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio