Medical Adhesives Market Size & Growth Analysis to 2030

The global medical adhesives market size is anticipated to register a significant CAGR of over 7% during the forecast period 2021 to 2027. The increasing number of surgical procedures and the growing aging population are some of the major factors to drive the market growth. Furthermore, the rising prevalence of oral diseases in the aging population such as tooth decay, tooth erosion, and related conditions is further expected to increase the demand for dental adhesives. According to World Health Organization (WHO), the number of people aged 60 years or older will reach about 2.1 billion by 2050. Moreover, the rising prevalence of cardiovascular disease is expected to drive the market over the forecast period.

Market Drivers:

Increasing Demand for Minimally Invasive Surgeries: Minimally invasive surgeries have gained significant popularity due to their advantages such as smaller incisions, faster recovery, reduced post-operative complications, and shorter hospital stays. Medical adhesives play a crucial role in these procedures by providing secure and effective wound closure, tissue bonding, and sealing. The increasing demand for minimally invasive surgeries drives the growth of the medical adhesives market.

Rising Geriatric Population: The global geriatric population is growing rapidly, leading to an increased incidence of age-related chronic diseases and surgical interventions. As older individuals tend to have fragile skin and reduced healing capabilities, medical adhesives are used to ensure proper wound closure and healing. The rising geriatric population contributes to the demand for medical adhesives.

Technological Advancements in Medical Adhesives: Continuous advancements in adhesive technologies have led to the development of innovative medical adhesives with enhanced properties such as improved biocompatibility, biodegradability, flexibility, and antimicrobial activity. These advancements have expanded the application range of medical adhesives in various medical procedures, including wound closure, tissue engineering, drug delivery systems, and wearable medical devices.

Increasing Number of Surgical Procedures: The growing global population and the prevalence of chronic diseases have resulted in an increased number of surgical procedures. Medical adhesives find extensive usage in surgical applications, including wound closure, incision sealing, and tissue bonding. The rising number of surgical procedures drives the demand for medical adhesives.

Shift towards Ambulatory and Home Healthcare: There is a growing trend towards ambulatory and home healthcare settings, driven by factors such as cost-effectiveness, patient preference, and the need for personalized care. Medical adhesives play a crucial role in these settings for wound management and the secure attachment of medical devices. The shift towards ambulatory and home healthcare drives the demand for medical adhesives.

Increasing Adoption of Advanced Wound Care Products: Advanced wound care products, such as adhesive dressings and films, are gaining popularity due to their effectiveness in managing complex wounds, promoting healing, and reducing the risk of infection. Medical adhesives are integral components of these products, ensuring secure fixation and proper sealing. The increasing adoption of advanced wound care products contributes to the growth of the medical adhesives market.

Growing Medical Tourism: Medical tourism, where patients travel to other countries for medical treatments, has been on the rise due to factors such as cost savings, access to specialized treatments, and shorter waiting times. Medical adhesives are used in various medical procedures performed on medical tourists, including cosmetic surgeries, orthopedic procedures, and dental treatments. The growth of medical tourism drives the demand for medical adhesives.

Regulatory Compliance and Safety Standards: The medical industry is subject to stringent regulations and safety standards to ensure patient safety and product efficacy. Medical adhesives used in healthcare applications must comply with these regulations and standards. The focus on regulatory compliance and adherence to safety standards drives the demand for medical adhesives that meet the required specifications.

Market Snapshot:

Market Insights:

The global medical adhesives market is bifurcated into resin, technology, application, and geography. On the basis of resin, the market is further segmented into acrylic, polyurethane, epoxy, silicone, and others. The acrylic segment dominated the global market in 2020 and accounted to hold the largest revenue share of over one-third of the market by the end of the analysis period. The advantages associated with the product such as fast setting time, better environment resistance, and high adhesion capability are some factors to drive the segment growth.

On the basis of applications, the market is segmented into dental, surgery, medical devices & equipment, and others. The surgery segment dominated the global medical adhesive market in 2020 and accounted to hold the largest revenue share of around half of the market. The increasing use of medical adhesives in various internal conditions such as tissue regeneration is expected to drive the segment growth. Furthermore, the increasing number of surgical procedures across the world and the growing demand for bioadhesives are further expected to fuel the segment growth over the forecast period.

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The medical adhesives comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The medical adhesives market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Resin:

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Others

By Technology:

• Water based
• Solvent based
• Hot melt
• Reactive & others

By Application:

• Dental
• Surgery
• Medical Devices and Equipment
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global medical adhesives market in 2020 and accounted to hold the largest market share of around one-third percent of the market. The rising awareness regarding wound infection and the rapid growth in the geriatric population are some of the major factors to drive the market growth in the region. Furthermore, the rising prevalence of cardiovascular disease and the increasing number of surgical procedures are further anticipated to fuel the market growth in North America. On the other hand, the APAC is estimated to register the fastest growth rate over the forecast period.

Competitive Assessment:

Some of the major market players operating in the global medical adhesives market are Ethicon Inc., 3M Company, B. Braun Melsungen AG, Baxter International, and Henkel. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Ethicon Inc.
• 3M Company
• Braun Melsungen AG
• Baxter International
• Henkel
• Stryker Corporation
• Dentsply
• Bostik SA
• B. Fuller Company

Key Questions Answered by Medical Adhesives Market Report

• Global medical adhesives market forecasts from 2021-2027
• Regional medical adhesives market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• Medical adhesives submarket forecasts from 2021-2027 cover the market by resin, by technology, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about medical adhesives market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level medical adhesives markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the medical adhesives market