Medical Adhesives Market Size, Share, Growth Analysis, By Resin(Acrylic, epoxy), By Technology(Water based, solvent based), By Application(Dental, medical device & equipment), By Type(Pressure sensitive adhesives, Dissolvable adhesives) - Industry Forecast 2024-2031

Medical Adhesives Market size was valued at USD 8.8 billion in 2019 and is poised to grow from USD 9.41 billion in 2023 to USD 14.81 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

Patches, surgical and medical tapes, wound care products, and ostomy devices are examples of medical adhesives that require human contact. PSAs (pressure sensitive adhesives) based on PIB are commonly used in transdermal drug delivery (TDD) systems. Medical adhesives are designed to adhere biological tissues and to heal wounds more effectively. Other factors, including such disposable medical products and their cost-effectiveness, are predicted to propel the global medical adhesive market. The use of medical adhesives over traditional wound closure measures such as stitches, combined with faster working speeds, is predicted to drive the market share during the analysis period. However, the rising raw material prices for adhesives, which including collagen and fibrin, is also restricting the medical device market's expansion.

As per The World Health Organization report an epidemic of unhealthy lifestyles is affecting the entire world's population. The organization states that an unhealthy lifestyle is directly related to cardiovascular diseases. As a result, the number of people suffering from cardiovascular diseases has dramatically increased. Additionally, the product's uses in internal medical procedures like heart surgeries are growing. For instance, the use of fibrin-based adhesives, a key binding agent with hemostatic properties, is expanding quickly in heart surgery.

US Medical Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.