The Medical Adhesives Market Size was valued at USD 9.81 billion in 2022, and is expected to reach USD 17.50 billion by 2030, and grow at a CAGR of 7.5 % over the forecast period 2023-2030.
Medical adhesives are made of synthetic or biological formulations and are typically utilised in surgical operations and the glueing of appliances. One or two epoxy components can be used to classify medical adhesives. Surgical instruments, biosensors, electrode labelling, catheters, and implanted devices are a few common applications that call for medical adhesives.
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Drivers:
An increase in the demand for medical single-use items.
Restraints:
Increases in healthcare facility costs
limited regional authority and rising demands.
Opportunity:
Expanding healthcare sector in poor countries.
The population's growing awareness
Challenge:
A shortage of funding for research and development initiatives
Strict guidelines and a drawn-out approval process
A recession as severe as the global economic crisis of 2008—or worse—will occur in 2020, according to new IMF (International Monetary Fund) updates. The world economy would see a cumulative output loss of USD 9 trillion between 2020 and 2021, according to the IMF. How the virus spreads in Europe, the US, and other key economies will still determine the scope of the economic harm.
Economists predict that the impact of the outbreak on economies around the world will cause a further shock to the Chinese economy in the form of decreased demand for its products globally. In light of erratic markets and increasing credit stress, the growth rate will decline significantly as the epidemic worsens. Although a tentative stabilisation has started, first reports from China indicate that the country's economy has been impacted more worse than anticipated. Increasing travel and transit limitations as well as a protracted lockdown will cause demand to collapse in Europe and the US. This demand collapse is anticipated to partially recover in the second quarter before a considerable recovery starts later in the year.
In addition to resuming asset purchases, drastically lower policy rates, and liquidity injections, central banks have swung into action. Although generally behind, fiscal authorities have started to relax their spending restrictions. It is anticipated that spending will increase and become more focused on the most impacted groups. Movement restrictions in Europe and the US have a significant negative impact on economic activity. India and Southeast Asian nations are also experiencing significant economic turmoil.
By Technology:
Water based
Solvent based
Solids and Hot melts
Others
By Natural resin:
Collagen
Fibrin
Others
By Synthetic and Semi-Synthetic resin:
Cyanoacrylate
Epoxy
Acrylic
Polyurethane
Silicone
Others
By Application:
Dental
Surgery
Medical devices and equipment
Others
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The global medical adhesives market has been divided into a number of marketing regions based on regional classification, including South America, North America, Asia Pacific, Europe, the Middle East, and Africa.
With a market share of more than 25% for medical adhesives during the forecast period, the North American area leads these others in terms of worldwide market share. Due to significant investment in the creation and development of medical devices as well as the presence of major pharmaceutical companies in the region, this region is driving the growth of the worldwide market. In addition, the high rate of elderly population and rise in the prevalence of chronic diseases in the European market are expected to raise the application of medical devices as well as market growth. The development of medical adhesives, which are expected to rise in the global medical adhesives market during the projected period, is receiving significant funding from this area.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Henkel AG & Company, Chemence (UK), Ashland Inc. (US), Dow (US), B. Fuller (US), Johnson & Johnson (US), Cohera Medical, Inc. (US). Arkema Group (France), 3M (US), Avery Dennison Corporation (US),
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.81 Billion |
| Market Size by 2030 | US$ 17.50 Billion |
| CAGR | CAGR of 7.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Water based, Solvent based, Solids and Hot melts, Others) • By Natural resin (Collagen, Fibrin, Others) • By Synthetic and Semi-Synthetic resin (Cyanoacrylate, Epoxy, Acrylic, Polyurethane, Silicone, Others) • By Application (Dental, Surgery, Medical devices and equipment, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Henkel AG & Company, Chemence (UK), Ashland Inc. (US), Dow (US), B. Fuller (US), Johnson & Johnson (US), Cohera Medical, Inc. (US). Arkema Group (France), 3M (US), Avery Dennison Corporation (US), |
| DRIVERS | • An increase in the demand for medical single-use items. |
| Restraints | • Increases in healthcare facility costs • limited regional authority and rising demands. |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Water based, Solvent based, Solids and Hot melts and Others are the sub-segments of by Technology segment.
Ans: An increase in the demand for medical single-use items are the drivers for Medical Adhesives Market.
Ans: Global Medical Adhesives Market Size was valued at USD 9.13 billion in 2021, and expected to reach USD 15.15 billion by 2028, and grow at a CAGR of 7.5 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Medical Adhesives Market Segment, By Technology:
8.1 Water based
8.2 Solvent based
8.3 Solids and Hot melts
8.4 Others
9.Medical Adhesives Market Segment, By Natural resin:
9.1 Collagen
9.2 Fibrin
9.3 Others
10.Medical Adhesives Market Segment, By Synthetic and Semi-Synthetic resin:
10.1 Cyanoacrylate
10.2 Epoxy
10.3 Acrylic
10.4 Polyurethane
10.5 Silicone
10.6 Others
11.Medical Adhesives Market Segment, By Application:
11.1 Dental
11.2 Surgery
11.3 Medical devices and equipment
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profile
13.1 Henkel AG & Company, Chemence (UK),
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Ashland Inc. (US)
13.3 Dow (US)
13.4 B. Fuller (US)
13.5 Johnson & Johnson (US)
13.6 Cohera Medical, Inc. (US)
13.7 Arkema Group (France)
13.8 3M (US)
13.9 Avery Dennison Corporation (US)
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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