Global Medical Adhesives Market Analysis
Medical Adhesives Market is projected to reach US$ 18.73 billion by 2032, a significant increase from US$ 10.02 billion in 2023. The market's compound annual growth rate (CAGR) between 2024 and 2032 is estimated at 7.19%.
Market Definition
Medical adhesives are essential in healthcare to bond tissues and secure medical devices. They come in various forms, including tapes, films, and liquids, and are critical in wound care, surgical procedures, and device attachment. In wound care, adhesives secure dressings, promoting a sterile environment for healing. Surgical adhesives, like cyanoacrylates and fibrin glues, close incisions, reducing the need for sutures and minimizing scarring. They also attach medical devices, such as catheters and monitoring sensors, ensuring they remain in place without causing skin irritation. Their versatility and effectiveness make medical adhesives indispensable in modern medicine, enhancing patient comfort, reducing infection risks, and improving clinical outcomes through secure and less invasive bonding solutions.Driving forces for medical adhesives
Increasing Surgical Procedures
The rise in surgical procedures worldwide is a significant driver for the medical adhesives market. As the global population ages and the prevalence of chronic diseases requiring surgical intervention increases, the demand for advanced medical adhesives grows. These adhesives are used extensively in surgical settings for wound closure, tissue bonding, and attaching medical devices. They offer advantages over traditional sutures and staples, such as reduced operation time, lower infection risk, and minimal scarring. Innovations in adhesive technology, including bio-compatible and biodegradable options, further enhance their application in complex surgeries. The ongoing advancements and increasing adoption of minimally invasive surgical techniques also bolster the need for reliable medical adhesive solutions.Advancements in Medical Device Technologies
Rapid advancements in medical device technologies are significantly boosting the medical adhesives market. Modern medical devices like wearable sensors, drug delivery systems, and diagnostic tools require secure and reliable attachment methods. Medical adhesives offer a versatile solution, ensuring these devices remain in place without causing discomfort or skin irritation. The development of specialized adhesives that are biocompatible and skin-friendly has further expanded their use. As the medical device market continues to innovate, introducing more sophisticated and patient-centric products, the demand for high-performance medical adhesives is expected to rise, supporting the growth of this market.Growth in the Healthcare Sector
The global expansion of the healthcare sector, driven by increased healthcare spending and improved access to medical services, is propelling the medical adhesives market. Governments and private entities invest heavily in healthcare infrastructure, establishing new hospitals, clinics, and research facilities. This growth increases demand for medical supplies, including adhesives used in various medical applications such as wound care, surgery, and device attachment. Additionally, the rise of telemedicine and home healthcare services has increased the need for portable medical devices, which rely on adhesives for secure and efficient operation. The overall growth in healthcare services ensures a steady demand for medical adhesives.Rising Incidence of Chronic Diseases
The growing incidence of chronic diseases such as cardiovascular disorders, diabetes, and cancers drives the demand for medical adhesives. These conditions often require long-term care, frequent medical interventions, and devices that depend on adhesives for attachment. For instance, diabetes patients may use continuous glucose monitors that need to be securely attached to the skin, while cardiovascular patients may require wound care products after surgeries. The need for reliable and durable adhesives in managing chronic diseases is crucial for improving patient outcomes and quality of life. The demand for medical adhesives is expected to grow substantially due to the increasing prevalence of chronic diseases across various therapeutic applications.United States Medical Adhesives Market
The US medical adhesives market is thriving due to advanced healthcare infrastructure, a high prevalence of chronic diseases, and a growing aging population. Innovations in medical device technologies and increasing surgical procedures also boost demand. The market benefits from significant investments in research and development, creating superior biocompatible and durable adhesives. Additionally, the rise of telemedicine and home healthcare services has expanded the use of medical adhesives in wearable and portable medical devices. Government initiatives to improve healthcare access further stimulate market growth. As a result, the U.S. market remains a leader in adopting and developing medical adhesives, supporting diverse medical applications, and enhancing patient care.Medical Adhesives Company Analysis
The top companies in the medical adhesives industry include H.B. Fuller Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, Ashland Global Holdings Inc., The Dow Chemical Company, 3M Co, PPG Industries, and Dupont De Nemours Inc.Medical Adhesives Company News
Dec 2022: 2480 3M Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner has been introduced by the 3M corporation.June 2022: To broaden its presence in the area and boost adhesive and sealant production capabilities, Henkel AG & Co. KGaA established an adhesive manufacturing facility in Mexico.
July 2021: Baxter International has acquired the PerClot Polysachharide Hemostatic System from CryoLife, Inc. for up to USD 60.8 million.
Resin Type- Market breakup in 5 viewpoints:
1. Arcylic2. Silicone
3. Polyurethane
4. Epoxy
5. Others
Application- Market breakup in 5 viewpoints:
1. Dental2. Medical Device & Equipment
3. External
4. Internal
5. Others
Technology- Market breakup in 5 viewpoints:
1. Water-Based2. Solvent-Based
3. Hot-Melt
4. Reactive
5. Others
Country - Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
6. Rest of the world
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Product Portfolio
- Recent Development & Strategies
- Revenue Analysis
Key Players Analysis:
1. H.B. Fuller Company2. Henkel AG & Co. KGaA
3. Avery Dennison Corporation
4. Ashland Global Holdings Inc.
5. The Dow Chemical Company
6. 3M Co
7. PPG Industries
8. Dupoint De Nemours Inc.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Medical Adhesives Market
4. Market Dynamics
6. Global Medical Adhesives Market - Share Analysis
7. Resin Type- Global Medical Adhesives Market
8. Application- Global Medical Adhesives Market
9. Technology- Global Medical Adhesives Market
10. Countries- Global Medical Adhesives Market
11. Porter’s Five Forces Analysis- Global Medical Adhesives Market
12. SWOT Analysis- Global Medical Adhesives Market
13. Key Players
Companies Mentioned
- B. Fuller Company
- Henkel AG & Co. KGaA
- Avery Dennison Corporation
- Ashland Global Holdings Inc.
- The Dow Chemical Company
- 3M Co
- PPG Industries
- Dupoint De Nemours Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.02 Billion |
| Forecasted Market Value ( USD | $ 18.73 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
