Market Research Report
Global Medical Adhesives Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||486704|
Delivery time: 2-3 business days
|Global Medical Adhesives Market 2019-2025|
|Published: November 11, 2019||Content info:||
Global Medical Adhesives
Market Size, Share & Trends Analysis Report by Product (Natural Resins and Synthetic & Semi-Synthetic Resins) and by Application (Dental, Tissue Bonding, Wound Closure, Medical Device and Equipment, and Others) and Forecast 2019-2025.
The global medical adhesives market is growing at a significant CAGR during the forecast period. Medical adhesives are utilized in medical tapes and bandages for a variety of healthcare applications, such as wound closure, tissue bonding, and others. The growth of the market is attributed to the increasing prevalence of pressure ulcers in the elderly population and the increasing incidence of chronic wounds such as ulcers across the globe. According to the Agency for Healthcare Research & Quality (AHRQ), over 2.5 million individuals develop pressure ulcers annually in the US. Among a range of ulcers, the venous ulcers account for almost 80% of all lower extremity ulcerations. The most common age for the leg ulcerations is between 60 to 80 years. These types of ulcers increase the demand for medical adhesives coupled with tapes and bandages that are propelling the growth of the market. Further, increasing surgical procedures is contributing to the growth of the global market.
Geographically, the global medical adhesives market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to have a significant market share in the global market. The factors that are contributing to the growth of the North American medical adhesives market include the increasing incidence of pressure ulcers and a rising number of burning injury cases in the region. Furthermore, the rising number of surgical procedures and the presence of major market players are estimated to contribute to the growth of the market. Asia-Pacific is estimated to project a considerable market growth in the global market during the forecast period. This growth in Asia-Pacific is accredited to the increasing aging population and the rising incidence of chronic wounds such as ulcers and others.
The global medical adhesives market is influenced by product development and advancements conducted by the market players. The key players operating in the global medical adhesives market include 3M Co., Ashland Global Holdings Inc., B. Braun Melsungen AG, H.B. Fuller Co., Henkel Corp., Adhesives Research, Inc., Arkema Group, and Chemence Medical, Inc. These players are playing a significant role in the growth of the medical adhesives market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others. For instance, in April 2017, Johnson & Johnson Services, Inc., launched Skin-Flex, the new BAND-AID brand bandages. Skin-Flex bandages use lightweight cross-fiber technology that allows instant drying, and the advanced adhesive stays for 24 hours. Such product launches strengthen the position of the company in the global market.
The market study of the global medical adhesives market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for a healthcare service provider, medical device companies, government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.