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

Report ID: SQMIG35B2081 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 121 | Figures: 78

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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).

medical adhesives market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Johnson & Johnson', 'Arkema Group', '3M Company', 'Baxter International Inc.', 'Bostik SA', 'Chemence Medical Products Inc.', 'Cohera Medical Inc.', 'CryoLife Inc.', 'DENTSPLY SIRONA Inc.', 'Ethicon US, LLC', 'GluStitch Inc.', 'Henkel AG & Co. KGaA', 'Medtronic PLC', 'Merit Medical Systems Inc.', 'Smith & Nephew PLC', 'Scapa Group plc', 'Takeda Pharmaceutical Company Limited', 'TAPESEAL AB', 'Vancive Medical Technologies', 'Wound Care Technologies Inc.', 'Ypsomed Holding AG.'

As a result of an unhealthy lifestyle, the occurrence of cardiovascular disease is rising worldwide. Cardiovascular disease is the leading cause of death worldwide, according to the World Health Organization (WHO). The most common types of cardiovascular illness are congenital heart disease, stroke, peripheral artery disease, arrhythmia, congestive heart failure, cardiac arrest, hypertension, and coronary artery disease. Medical adhesives, such as bandages, surgical tapes, wound care patches, and transdermal patches, are widely used in the healthcare industry. To reduce bleeding, medical adhesives such as cyanoacrylate and fibrin are commonly used in cardiovascular surgery.

Medical adhesives, such as bandages, surgical tapes, wound care patches, and transdermal patches, are widely used in the healthcare market. In cardiovascular surgery, medical adhesives such as cyanoacrylate and fibrin are used extensively to control haemorrhage because of their ability to provide effective hemostasis in a range of aortic and cardiac surgeries.

Asia Pacific is projected to be the fastest growing regional market over the forecast period. The Asia Pacific region’s large population accelerated healthcare awareness, and increased risk of wound infections are the primary growth drivers. The region's large number of diabetic patients is also expected to help the medical adhesives market grow. The United Nations estimates that Asia Pacific is home to 60% of the world's population. Furthermore, Asia Pacific has a large number of diabetics. According to the Asia Pacific Diabetes Prevention Organization, Asia Pacific accounts for approximately 60% of all type 1 diabetes cases worldwide. This increases the demand for medical adhesive products such as transdermal insulin patches and other similar products in the region.

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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

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