The Medical Adhesives Market Size was valued at US$ 9.13 billion in 2021 and is predicted to reach at US$ 15.15 billion by 2028, with a healthy CAGR of 7.5%.
Pune, Maharashtra -- (SBWIRE) -- 09/28/2022 -- Medical Adhesives Market Overview:
Medical adhesives are used in a variety of surgical operations, such as organ implants, orthopedic surgery, and cardiovascular surgery, to reduce blood loss. Medical adhesives help wounds heal naturally and stop air and liquid leaks both during and after surgery. Additionally, design engineers working on medical diagnostics, surgical drapes, and wound care are collaborating with materials experts who have access to a wide variety of adhesives to satisfy specific application needs.
According to the latest market research report published by SNS Insider, the medical adhesives market is expected to reach USD 15.15 billion by 2028, with a steady CAGR of 7.5% during the forecast period of 2022–2028.
Get a Sample Report of Medical Adhesives Market (With Detailed TOC, Tables, Regional Analysis, Graphs & Charts) @ https://www.snsinsider.com/sample-request/2009
for more information or customization mail us at firstname.lastname@example.org
Drivers, Restraints, Opportunities and Challenges
The global medical adhesives market is anticipated to grow substantially as a result of the rise in demand for biological devices in the healthcare sector. The expansion of the market is anticipated to be driven by an increase in lifestyle illnesses in older individuals and the increased use of medical adhesives in hospitals during the projected period. Additionally, the expansion of its range of uses in the medical sector, including wound closure, medical devices & equipment, dental, and medical tapes, is anticipated to present a significant opportunity for the market.
Impact of the COVID-19 Pandemic
The expert's analysis indicated that the pandemic outbreak's impact on economies all over the world had further hurt the global economy by reducing demand for medical adhesive products. The pandemic's effects on logistics and the supply chain, along with the closure of production facilities, significantly slowed the market's expansion. Additionally, when the pandemic worsened in 2020, market growth plummeted against a background of erratic markets and increasing credit stress.
The technology segment's water-based category is anticipated to grow at the fastest rate in the medical adhesives market over the next few years. Due to the beneficial characteristics of water-based medical adhesives, such as the supply of good breathability, good anchoring to cloth face stocks, and quick-tackiness, this has occurred.
The acrylic adhesives segment is anticipated to experience the highest revenue increase over the projection period in terms of resin type. The majority of applications where acrylic adhesives are utilized call for great strength, impact resistance, and shock resistance.
The medical application segment will generate the highest revenue in the market for medical adhesives over the forecast period. This is a result of bio-adhesives being used more frequently for interior medical procedures.
Major Segments and Sub-Segment of Medical Adhesives Market are Listed Below:
- Water based
- Solvent based
- Solids and Hot melts
By Natural resin:
By Synthetic and Semi-Synthetic resin:
- Medical devices and equipment
Enquiry about report @ https://www.snsinsider.com/enquiry/2009
(Do you have any specific query regarding this research? Let's talk to our market experts to understand better view of market status.)
The North American region held the biggest market share owing to the significant demand, strong purchasing power, and opportunities for innovation in the healthcare industry. Around 60–65 percent of all healthcare spending and provision is covered by government-funded and -managed programs, including Medicaid, Medicare, the Veteran's Health Administration Program, and the Children's Health Insurance Program. This contributes significantly to the growth of the medical adhesives market in the region. Due to its high per capita wealth, quick technical breakthroughs in the healthcare industry, and government backing and initiatives surrounding free or insured healthcare programs, the U.S. has a prominent position in the region.
The Asia Pacific market for medical adhesives will experience the fastest growth in the coming years on account of its sizable population, numerous government initiatives, the presence of high-tech medical product manufacturing facilities in major countries, rise in presence of prominent players, increasing R&D activities, and the region's quickly rising healthcare spending.
Competitive Landscape Outlook
Some of the key players present in the medical adhesives market include Arkema Group, Johnson & Johnson, Henkel AG & Company, Cohera Medical, Inc., Ashland Inc., Avery Dennison Corporation, and Chemence.
Frequently Asked Questions in this report are:
- What are the factors influencing the growth of medical adhesive?
- What are the major applications for medical adhesive?
- Who are the major manufacturers?
- Why Medical adhesive are gaining market share?
Table of Contents – Major Key Points
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8.Medical Adhesives Market Segment, By Technology
9.Medical Adhesives Market Segment, By Natural Resin
10. Medical Adhesives Market Segment, By Synthetic and Semi-Synthetic Resin
11.Medical Adhesives Market Segment, By Application
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
Buy Single User PDF of Medical Adhesives Market @ https://www.snsinsider.com/checkout/2009
SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are not merely a research organization. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.
When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.