The global medical adhesive market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors which include increase in consumption of bio-adhesive medical instruments, implants, wound healing and internal medical treatment. Medical adhesives are built to adhere the biological tissues and are more efficient to wounds. The other factors such as disposable medical products, and its cost-effectiveness are expected to boost the medical adhesive market, globally. Additionally, the growing interest of government on public health has also fueled the need for more advanced and specific equipment in healthcare settings. Surging focus on the infection prevention and escalating volume of outpatient, surgical and hospitals are expected to bolster the demand for single use medical products, which will ensure the expansion of the medical adhesive market in the upcoming years
Growth in Population
One of the primary reasons due to which growth of global medical adhesive is due to the significant rise in the population. Worldwide people are adapting unhealthy choices which results in various cardiovascular diseases. Thus, the hike in medical adhesives can be seen as lot of medical devices are needed for the treatment of these diseases. In addition, the rapid aging of population in the developed countries is also a critical factor as they are more prone to the diseases and deaths than the younger generation. The elderly generation suffers from various ailments which need medical facilities. Therefore, demand of healthcare facilities drives the growth of medical adhesive market.
Single Use Medical Products
Single use or disposable medical products are preferred over traditional medical instruments as they eliminate the human interaction or the cross-contamination, low investments, more hygiene, assured sterility, portable and less regulatory concerns. It majorly depends upon the syringe-molded plastic, grouped by bonding, gluing, welding (Ultrasonic or radiofrequency). Additionally, the expansion of health institutes and emphasis of government on public health has skyrocketed the demand for the disposable medical products.
Technological Advancements
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Market Segmentation
Market Players
Johnson & Johnson,3M Company, Henkel AG & CO KGAA, Baxter International, Inc., B. Braun Melsungen AG, H.B. Fuller Company, Ashland, Inc, Cohera Medical Inc, Arkema Group, Dow Chemical Company
Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Technology
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Resin Type
o Natural Resin Type
o Synthetic & Semi-Synthetic
Resin Type
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Application
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Region
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Regional scope
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North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa
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Country scope
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United States; Canada; Mexico; China;
India; Japan; Indonesia; South Korea; Germany; France; United Kingdom; Spain;
Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;
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Key companies profiled
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Johnson & Johnson,3M Company, Henkel AG & CO KGAA,
Baxter International, Inc., B. Braun Melsungen AG, H.B. Fuller Company,
Ashland, Inc, Cohera Medical Inc, Arkema Group, Dow Chemical Company
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