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Medical Adhesives Market worth $17.62 billion by 2030, growing at a CAGR of 7.89% - Exclusive Report by 360iResearch

Medical Adhesives Market worth $17.62 billion by 2030, growing at a CAGR of 7.89% - Exclusive Report by 360iResearch

 

 
The "Medical Adhesives Market by Technology (Solids & Hot Melt-Based, Solvent-Based, Water-Based), Resin (Natural, Synthetic & Semi-Synthetic), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Medical Adhesives Market to grow from USD 10.35 billion in 2023 to USD 17.62 billion by 2030, at a CAGR of 7.89%.

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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.

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.

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.

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.

Market Segmentation & Coverage:

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

Based on Technology, market is studied across Solids & Hot Melt-Based, Solvent-Based, and Water-Based. The Water-Based is projected to witness significant market share during forecast period.

Based on Resin, market is studied across Natural and Synthetic & Semi-Synthetic. The Synthetic & Semi-Synthetic is further studied across Acrylic, Cyanoacrylate, Epoxy, Polyurethane, and Silicone. The Natural is projected to witness significant market share during forecast period.

Based on Application, market is studied across Dental, Internal & External Medical Surgery, and Medical Device & Equipment. The Dental is further studied across Dental Restorative Adhesives, Denture Adhesives, and Pit & Fissure Sealants. The Internal & External Medical Surgery is further studied across Cardiovascular, Central Nervous System, Cosmetic, Ophthalmic, Orthopedic, and Urological. The Medical Device & Equipment is further studied across Catheters, Masks, Needles & Syringes, and Tube Sets. The Medical Device & Equipment is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.10% in 2023, followed by Americas.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Medical Adhesives Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Medical Adhesives Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

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.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Medical Adhesives Market, by Technology
7. Medical Adhesives Market, by Resin
8. Medical Adhesives Market, by Application
9. Americas Medical Adhesives Market
10. Asia-Pacific Medical Adhesives Market
11. Europe, Middle East & Africa Medical Adhesives Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Medical Adhesives Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Medical Adhesives Market?
3. What is the competitive strategic window for opportunities in the Medical Adhesives Market?
4. What are the technology trends and regulatory frameworks in the Medical Adhesives Market?
5. What is the market share of the leading vendors in the Medical Adhesives Market?
6. What modes and strategic moves are considered suitable for entering the Medical Adhesives Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.


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