The global medical adhesives market size was USD 8.87 Bn in 2022 and is likely to reach USD 16.41 Bn by 2031, expanding at a CAGR of 7.6% during 2023–2031. The market growth is attributed to the rising demand for medical adhesives over traditional wound closure techniques such as stitches.
Medical adhesives include a wide range of fabrication materials and are usually composed of both biological and synthetic formulations. Adhesives are used in common medical practices including appliance bonding and surgical procedures. Various adhesives are combined into medical devices. These devices are either disposable or can be used multiple times.
There are different types of medical adhesives and each is used for specific conditions and applications. Medical adhesives can be classified in different ways, according to their physical form, chemical composition, and classification or load-bearing capability. Some of the applications of medical device adhesives are needle bonding, bonding connection elements, catheters, and bonding plastic enclosures.
Medical adhesive tape is used to attach gauze, bandages, and other dressings to the wounded skin. Most adhesive tapes are pressure sensitive adhesives that stick and stay in one place with firm pressure. Medical adhesive tapes are breathable and easy to use.
Medical products such as dialysis filters, syringes, blood bags, and tube connections can be bonded with the application of medical-grade adhesive. These medical products are normally made from a wide range of synthetic materials including plastics. These hard-to-bond plastics include polyether ether ketone (PEEK), pulmonary embolism (PE), and pancreatic polypeptide (PP).
COVID-19 Impact on Medical Adhesives Market
The market report finds that the COVID-19 pandemic has affected the growth of the medical adhesives market size. The pandemic has affected the medical adhesives market trends. In several countries, there was a decline in investment, due to the lockdown imposed by the various worldwide governments during the pandemic. Moreover, for a while, the supply chain and production were halted or slowed down. However, the market also experienced a considerable positive impact during the pandemic, due to the rising demand for medical adhesives such as personal protective equipment (PPE), and the high demand for masks, syringes, and saline tubes.
Medical Adhesives Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The medical adhesives market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.
What are the Key Factors Driving Medical Adhesives Market?
- Rising Demand for Medical Smart Devices
Demand for wearable smart medical devices is increasing and is anticipated to fuel the global medical adhesives market during the forecast period. Wearable smart medical devices are useful for patients who are suffering from chronic diseases such as cardiovascular disease or diabetes.
Chronic diseases are on the rise globally, which is increasing the demand for wearable smart medical devices. This rise in demand for wearable smart devices is anticipated to compel the growth of the market in the coming years.
The demand for medical adhesives is increasing and is projected to drive the global market in the coming years. Currently, medical device adhesives are used for several medical applications from medical device assembly to external and internal medical applications.
For instance, the stitching technique is now replaced by the cyanoacrylates techniques for closing skin wounds. With new alternatives, wounds can easily be covered. This factor reduces the risk of infection, which is anticipated to increase the demand for medical adhesives during the forecast period.
Which Key Factors are Restraining the Growth of Medical Adhesives Market?
- Rising Cost of Healthcare Facilities and Raw Materials
The cost of healthcare facilities and raw materials is rising and is restraining the growth of the global medical adhesives market revenue. Rising income is expected to help consumers to spend more money on healthcare facilities. However, the high costs are projected to limit the spending. In addition, the cost of raw materials such as fibrin and collagen used for manufacturing medical adhesives is increasing, which is anticipated to hamper the market growth in the coming years.
What are the Growth Opportunities in Medical Adhesives Market?
- Increasing Healthcare Industry in Developing Regions
The healthcare industry is expanding in developing regions such as the Middle East & Africa, Asia Pacific, and South America. The factors such as Increasing population, growing income levels, and increasing health awareness are expected to aid the healthcare industry expansion during the forecast period.
Medical device manufacturers are now setting up facilities in these developing regions that are witnessing high investments by multinational manufacturers. Furthermore, the growing health consciousness including increasing awareness among the population regarding medical devices is expected to create an opportunity for the growth of the market during the forecast period.
Scope of Medical Adhesives Market Report
The global medical adhesives market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Medical Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Application (Surgery, Dental, Medical Devices & Equipment, Internal Medical Application, External Medical Application, and Others), Technology (Solvent Based, Water Based, Solids, Hot Melt, and Others), and Resin (Acrylic, Silicone-based, Epoxy, Cyanoacrylate, Polyurethane, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Meyer-Haake GmbH; Dow; H.B. Fuller; 3M; B. Braun SE; CryoLife, Inc.; Biocoral, Inc.; Baxter; ITAC Ltd.; Gem S.r.I; Adhezion Biomedical; AVERY DENNISON CORPORATION; Arkema S.A.; Henkel AG & Co. KgaA; GluStitch; Ashland; Cohera Medical Inc.; Chemence; Bostik; and Johnson & Johnson Private Limited.
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Medical Adhesives Market Segment Insights
What Key Factors Contribute to the Significant Expansion of the Surgery Segment?
Based on application, the global medical adhesives market is divided into surgery, dental, medical devices & equipment, internal medical application, external medical application, and others.
The surgery segment is expected to expand at a significant growth rate during the forecast period. The growth of the surgery segment is attributed to the rising use of medical adhesives as an efficient alternative to surgical sutures in wound closure.
Sutures are specially designed for the skin and offer secure skin closure. However, sutures penetrate through the skin and leave behind the stitches market. The suture is detrimental to vital organs such as the lungs or liver, as it is difficult to stop leaks of blood and air. Sutures are time-consuming and sometimes tightness or incorrect positioning leads to the development of fibrous scar tissue at the suture track. In such critical situations, adhesives play a major role.
Surgical glue is used to close major and minor wounds, saving surgery time and being cost-effective. The adhesive layer is applied with stitches to overlap the wound as a whole. This act as a protective measure against secondary bleeding and reduces the risk of infection at the time of healing. Moreover, this procedure does not need stitch removal and serves an aesthetic purpose.
The internal medical application segment is expected to expand at a rapid pace in the global medical adhesives market. The segment accounted for a considerable medical adhesives market revenue share in 2021. It is expected to increase the fastest CAGR during the forecast period. Bio-adhesives are usually used for internal medical applications. Bio adhesives are primarily utilized in intracorporal conditions. Internal medical applications require direct contact with body fluids, organs, and tissues to reduce bleeding complications inside the body.
What are the Main Aspects for Boosting the Water-based Segment?
On the basis of technology, the global market is segregated into solvent-based, water-based, solids, hot melt, and others.
The water-based segment is expected to account for a major market share in the coming years. The advantageous properties of water-based medical adhesives such as quick tackiness, provision of good breathability, and others are expected to aid the segment growth during the projection period.
Water-based technology involves the use of water as a carrier or diluting medium which is then allowed to be absorbed by substrate or set by evaporation. These products are normally formulated as acrylic polymer emulsions dissolved in water. They are highly resistant to extreme environmental conditions and have excellent adhesion to polar substrates, and provide good transparency retention.
The hot melt segment is projected to register a considerable CAGR during the forecast period. Hot melt adhesives do not require drying as compared to water or solvent-based technology and have exceptional adhesion capabilities. This is expected to allow rapid growth by bonding hot melts to smooth and rough surfaces.
Hot melt adhesives are environment-friendly, solvent-free, and can set quickly. Hot melt is getting preferred over water-based products in transdermal patches to maintain strong adhesion over wet skin.
What is the Expected Growth Rate of the Acrylic Segment?
Based on resin, the global market is segmented into acrylic, silicone-based, epoxy, cyanoacrylate, polyurethane, and others.
The demand for silicone-based segments is also anticipated to increase in the market during the forecast period. The silicon-based medical adhesives are driven by their ability to stick to silicon and difficult-to-stick substrates.
Additionally, as compared to acrylics, they are considered extremely weather resistant and have longer durability. They are generally used in medical adhesive tapes and other external applications. However, these resins come at a high cost as compared to other conventional resins, which limits their adoption.
The acrylic segment is expected to hold above 45% market revenue share during the forecast period. Acrylic adhesives are commonly used in several applications such as healthcare equipment and dental assembly. They are also used in both external and internal medical applications such as skin tissue adhesives.
Why is the Asia Pacific Dominating Medical Adhesives Market?
In terms of region, the global medical adhesives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is expected to be the fastest-growing market during the forecast period. The major driving factor for this region is growing healthcare awareness and a high rate of wound infections. A growing number of diabetes patients is also anticipated to be contributing factor to the increase of the medical adhesives industry in the region.
Asia Pacific also has several diabetic patients. According to the statistics by Asian Diabetes Prevention Initiative, over 60% of diabetes cases are from Asia. There is also increasing awareness among the population regarding diabetes in the region. This is expected to increase the demand for medical adhesives products such as transdermal insulin patches in the region in the future.
The market of North America is anticipated to expand at a rapid pace in the global market. The region is anticipated to generate over 25% share of the medical adhesives market revenue during the forecast period. High investment in medical device adhesives innovation & development and the presence of leading pharmaceutical companies are driving the growth of the market in the region.
Segments
The medical adhesives market has been segmented on the basis of
Application
- Surgery
- Dental
- Medical Devices & Equipment
- Internal Medical Application
- External Medical Application
- Others
Technology
- Solvent-Based
- Water-Based
- Solids
- Hot Melt
- Others
Resin
- Acrylic
- Silicone-based
- Epoxy
- Cyanoacrylate
- Polyurethane
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Meyer-Haake GmbH
- Dow
- H.B. Fuller
- 3M
- B. Braun SE
- CryoLife, Inc.
- Biocoral, Inc.
- Baxter
- ITAC Ltd.
- Gem S.r.I
- Adhezion Biomedical
- AVERY DENNISON CORPORATION
- Arkema S.A.
- Henkel AG & Co. KgaA
- GluStitch
- Ashland
- Cohera Medical Inc.
- Chemence
- Bostik
- Johnson & Johnson Private Limited
Competitive Landscape
The competitive landscape of the global medical adhesives market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.
Key players competing in the global medical adhesives market are Meyer-Haake GmbH; Dow; H.B. Fuller; 3M; B. Braun SE; CryoLife, Inc.; Biocoral, Inc.; Baxter; ITAC Ltd.; Gem S.r.I; Adhezion Biomedical; AVERY DENNISON CORPORATION; Arkema S.A.; Henkel AG & Co. KgaA; GluStitch; Ashland; Cohera Medical Inc.; Chemence; Bostik; and Johnson & Johnson Private Limited.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In April 2021, 3M announced the latest addition of a new class of silicone adhesives that balances strength, comfort, and flexibility. 2484 3M Single Coated Film Tape with Hi-Tack Silicone Adhesive on Liner and it is comfortable, breathable, minimizes skin cell removals and enables up to a seven-day wear time. This is the second product to join the 3M Hi-Tack Silicone Adhesive Portfolio with 2438 3M Hi-Tack Silicone Adhesive.
- In November 2018, Arkema S.A. announced it is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives or cyanoacrylates. This acquisition is expected to enable Bostik to develop a solid position in adhesives used in markets. This Bostik brand boosts its position in electronics and medical equipment.
- In February 2019, DowDuPont launched a new soft skin adhesive for Wearable Medical Devices at MD&M West. DowDuPont Product Division introduce a new skin adhesive called DOW CORNING MG 7-1020. This new adhesive can be used on medical pumps & patches and pumpable patches for biological drug delivery as an alternative to injection pens.
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