Global Medical Adhesives Market Size, Share, Growth Analysis, By Resin, By Technology, By Application, By Type

Description

Global Medical Adhesives Market size was valued at USD 8.8 billion in 2021 and is poised to grow from USD 9.41 billion in 2022 to USD 14.81 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).

The global medical adhesive market is driven by various factors such as the demand for adhesive-based medical products like patches, tapes, wound care products, and ostomy devices. These adhesives, particularly pressure-sensitive adhesives (PSAs) based on PIB, are commonly used in transdermal drug delivery systems, enhancing their effectiveness. The market is also fueled by the cost-effectiveness and disposable nature of medical adhesive products, as well as their ability to provide faster wound closure compared to traditional methods like stitches. However, the increasing prices of raw materials like collagen and fibrin pose a constraint on market expansion. Additionally, the World Health Organization reports a global epidemic of unhealthy lifestyles contributing to the rise in cardiovascular diseases, leading to a growing demand for medical adhesives in procedures such as heart surgeries, where fibrin-based adhesives play a crucial role.

Segments covered in this report:

Global medical adhesives market is segmented based on the resin, technology, application, type, and region. Based on resin, global medical adhesives market is segmented into acrylic, epoxy, polyurethane, silicone, and others. Based on technology, the medical adhesives market is segmented into water based, solvent based, hot melt, reactive & others. Based on application, the market is segmented into dental, medical device & equipment, internal medical application, and external medical application. By type, it is segmented into Pressure sensitive adhesives, Dissolvable adhesives, Electrical conductive adhesives. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The global occurrence of cardiovascular disease is increasing due to unhealthy lifestyles, making it the leading cause of death worldwide, as reported by the World Health Organization (WHO). Various cardiovascular conditions, including congenital heart disease, stroke, peripheral artery disease, arrhythmia, congestive heart failure, cardiac arrest, hypertension, and coronary artery disease, are prevalent. In the healthcare industry, medical adhesives play a crucial role and are extensively utilized in the form of bandages, surgical tapes, wound care patches, and transdermal patches. Specifically, in cardiovascular surgery, medical adhesives like cyanoacrylate and fibrin are commonly employed to minimize bleeding.

Restraint

The growth of the healthcare industry is being restricted by the increasing cost of healthcare infrastructure. While rising disposable income encourages higher spending on healthcare, there is a limit to consumer affordability. Healthcare providers and medical device manufacturers face challenges in cost control due to the escalating prices of raw materials.Key Market Trend

Medical adhesives play a crucial role in healthcare, with applications ranging from bandages and surgical tapes to wound care and transdermal patches. In cardiovascular surgery, these adhesives, including cyanoacrylate and fibrin, are extensively utilized to manage bleeding effectively. They demonstrate remarkable hemostatic properties, making them invaluable in various aortic and cardiac procedures.

Product Code: SQMIG35B2081

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Medical Adhesives Market by Resin

Market Overview
Acrylic
epoxy
polyurethane
silicone
and others

Global Medical Adhesives Market by Technology

Market Overview
Water based
solvent based
hot melt
reactive & others

Global Medical Adhesives Market by Application

Market Overview
Dental
medical device & equipment
internal medical application
and external medical application

Global Medical Adhesives Market by Type

Market Overview
Pressure sensitive adhesives
Dissolvable adhesives
Electrical conductive adhesives

Global Medical Adhesives Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Johnson & Johnson
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arkema Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
3M Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Baxter International Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bostik SA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Chemence Medical Products Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cohera Medical Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CryoLife Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DENTSPLY SIRONA Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ethicon US, LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GluStitch Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Henkel AG & Co. KGaA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Medtronic PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Merit Medical Systems Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Smith & Nephew PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Scapa Group plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Takeda Pharmaceutical Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
TAPESEAL AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vancive Medical Technologies
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wound Care Technologies Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ypsomed Holding AG.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Medical Adhesives Market Size, Share, Growth Analysis, By Resin, By Technology, By Application, By Type - Industry Forecast 2023-2030