Global Medical Adhesives and Sealants Market – Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Sarasota, FL -- (SBWIRE) -- 01/11/2017 -- Global Medical Adhesives and Sealants (Synthetic and Natural) Market for Internal, External and Dental Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020.
The report covers forecast and analysis for the medical adhesives and sealants market on a global and regional level. According to the report, global demand for medical adhesives and sealants market was valued at USD 6.0 billion in 2014, and is expected to reach USD 10.50 billion in 2020, growing at a CAGR of 8.5% between 2015 and 2020. In terms of volume, the global medical adhesives and sealants market stood at 550.0kilotonsin 2014.The study includes drivers and restraints for the medical adhesive and sealants market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical adhesives and sealants market on a global level.
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The key driving factor of the medical adhesive and sealants market is increasing dental treatment sand increasing aging population. Excellent characteristics of medical adhesives and sealants are one of the important factors driving the demand for the medical adhesives and sealants market. However, stringent regulations related with medical grade products may limit the growth of the market.
In order to give the users of this report a comprehensive view on the medical adhesives and sealants market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the medical adhesives and sealants market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.
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The medical adhesives and sealants market has been segmented on the basis of the product segment analysis as synthetic adhesives and sealants and natural adhesives and sealants. Further the synthetic adhesives and sealants are sub-segmented as acrylic, silicones, cyanoacrylate, polyethylene glycol and other synthetics. The acrylic adhesives and sealant dominates the other product segments and accounted over the 30% shares of the medicals adhesives and sealants market in 2014. Moreover, the cyanoacrylate and polyethylene glycol adhesives and sealants are expected to be the fastest growing segments over the years to come owing to the advancement in the formulations of adhesives.
The medical adhesives and sealants market has been segmented on the basis of the application segment analysis as internal, external and dental applications. In 2014, the internal application segment was the dominating segment and it accounted for the around50% shares of the market globally in 2014. Thus, further it is expected to continue this trend and lift the CAGR by 8.0% for the forecast period. In addition, external application is expected to have substantial growth due to increasing penetration of consumer goods.
With over 40% shares, North America dominated the global medical adhesives and sealants market in 2014. In terms of volume, Europe held the second largest share of the market in the same year. Asia Pacific expected to be the fastest growing regional market during the forecast period due to the emerging economies like China and India.
The study provides a decisive view on the medical adhesives and sealants market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key product segmented market covered under this study includes synthetic (acrylic, cyanoacrylate, polyethylene glycol and other synthetic) and natural (collagen, fibrin, albumin and other natural). Key application segments covered under this study includes internal, external and dental applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Rest of the World with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for medical adhesives and sealants based on individual applications in all the regions and countries.
Key industry participants analyzed and profiled in this study includes, 3M Company, HB Fuller, Henkel AG, Baxter International, Dentsply Limited, CryoLife Inc., Johnson and Johnson, Adhesive Research Inc., Avery Dennison Corporation and Ashland, Inc.
The report segments of global medical adhesives and sealants market as follows:
Medical Adhesives and Sealants Market: Product Segment Analysis
Synthetic medical adhesives and sealants
Other (Including polyisobutylene, polyurethane, epoxy)
Natural medical adhesives and sealants
Other (Including lysine, cellulose, amino acid derivatives)
Medical Adhesives and Sealants Market: Application Segment Analysis
Medical Adhesives and Sealants Market: Regional Segment Analysis
Middle East & Africa
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