𝐃𝐞𝐦𝐚𝐧𝐝 & 𝐒𝐮𝐩𝐩𝐥𝐲 / 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
The demand for Medical Adhesives Market Size is significantly influenced by the increasing number of surgical procedures globally. In 2023, over 300 million surgeries were performed worldwide, with 75% being elective, 12% urgent, and 13% emergency surgeries. This surge in surgical interventions necessitates efficient wound closure methods, thereby driving the demand for medical adhesives.
On the supply side, the market is witnessing advancements in adhesive technologies, with companies developing products that offer improved performance and ease of use. The expansion of healthcare infrastructure, particularly in developing regions, is also contributing to the increased supply and availability of medical adhesives, meeting the growing demand in these markets.
Estimated Growth Rate for Medical Adhesives Market
The Medical Adhesives Market size was valued at USD 9.5 Billion in 2023 and the total Medical Adhesives Market revenue is expected to grow at a CAGR of 7.34% from 2024 to 2030, reaching nearly USD 15.6 Billion by 2030.
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Regional Analysis :
With the highest share of xx% in 2023, Asia Pacific is the region with the quickest rate of growth in the worldwide medical adhesives market. Rapid economic expansion, notable improvements in healthcare facilities, and the increase in the incidence of chronic illnesses—all of which call for sophisticated medical adhesives for efficient treatment—are to blame for this. Leading the way in this expansion are nations like China and India. China’s health sector has been expanding quickly because to significant investments in both governmental and commercial healthcare institutions. For example, China’s growing emphasis on hospital modernization and the incorporation of cutting-edge medical technologies has increased demand for advanced medical adhesives used in wound care, surgeries, and the treatment of chronic illnesses.
Medical Adhesives Market Segmentation:
by Type
Synthetic Adhesives
Acrylic
Epoxy
Silicone
Polyethylene Glycol
Polyurethanes
Natural or Biological Adhesives
Collagen
Fibrin
Albumin
The market for medical adhesives is divided into two segments: natural or biological adhesives and synthetic adhesives. Polyethylene glycol, polyurethanes, acrylic, and epoxy silicone are further categories for synthetic adhesives. The three categories of natural or biological adhesives are albumin, collagen, and fibrin. Due to the widespread usage of acrylic adhesives, including cyanoacrylates, Synthetic Adhesives held the biggest market share in the medical adhesives industry in 2023. These extremely adaptable adhesives are utilized for both medical device attachment and wound closure. Because of their quick drying times, biocompatibility, and versatility in both wet and dry environments, acrylic adhesives are especially well-liked. Because they can bond in both wet and dry circumstances, they are also utilized in pressure-sensitive tapes and bandages.
by Technology
Water-Based
Solvent-Based
Solid & Hot-Melts
Others
by Application
Dental
Surgery
Medical device & equipment
Others
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Key Players :
Discover strategies of the key players in the market and explore how they are navigating trends, expanding their portfolios, and capitalizing on emerging applications. From global leaders to regional influencers, this report provides a complete competitive analysis.
North America
1. 3M (United States)
2. Dymax (United States)
3. Permabond (United States)
4. Boyd (United States)
5. Avery Dennison Corporation (United States)
6. Glue Dots (United States)
7. H.B. Fuller Company (United States)
8. Henkel Corporation (United States)
9. Adhesive Research Inc (United States)
10. Medtronic plc (United States)
11. priMED Medical Products (Canada)
12. Medline Canada Corporation (Canada)
Europe
1. Panacol-Elosol GmbH (Germany)
2. Scapa (U.K.)
3. G A Lindberg (Sweden)
4. Bostik S.A. (Arkema Group) (France)
5. Lohmann GmbH & Co. KG (Germany)
6. Sika AG (Switzerland)
7. Carine Medical (Germany)
Asia Pacific
1. Nitto Denko Corporation (Japan)
2. H.B. Fuller (China)
3. Smith & Nephew plc (India)
4. B. Braun Melsungen AG (Malaysia)
5. Kemei Medical (China)
6. Kangda New Materials (Group) Co., Ltd (China)
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Key Highlights:
- Historical Market Data (2018-2023)
- Forecasts by Segment, Region, and Industry Application (2024-2030)
- SWOT Analysis, Value Chain Insights, and Growth Drivers
- Legal Aspects by Region and Emerging Opportunities
Top Questions Answered:
- What are the key growth drivers and trends in the market?
- Who are the major players, and how do they maintain a competitive edge?
- What new applications are poised to revolutionize the Medical Adhesives industry?
- How will the market grow in the coming years, and at what rate?
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