Medical Adhesives Market Size, Top Key Players- Covidien plc, GluStitch, Chemence, Baxter

Market Overview:

The Medical Adhesive is a gluey chemical substance used in the medical devices, equipment, and other components to serve the purpose of adhesion. The medical adhesive possess some important properties such as greater bonding and permeability to gas and moisture in order to heal the wound. The protuberant factors driving growth of the market include rising ageing population, increasing prevalence of diseases and growing healthcare needs.

In addition to this, significantly rising healthcare spending by the emerging economies along with growing national level sentiments to provide quality, efficient and affordable healthcare services is projected to add into the growth factors of the market. The global medical device market, which is a major consumer of the medical adhesives, is growing considerable CAGR of 5% to reach three digit billion dollar figure by the end of this review period.

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Major Key Players:

Some of the Top Key Players functioning in the Global Medical Adhesive Market are:

• Ethicon US,
• LLC (U.S.),
• Covidien plc (Ireland),
• B. Braun Melsungen AG (Germany),
• Henkel AG & Co. KGaA (Germany),
• Gem srl (Italy),
• GluStitch (Canada),
• Cohera Medical, Inc. (The Netherlands),
• Chemence (U.K),
• Baxter (U.S.),
• Adhezion Biomedical, LLC (U.S.)

Market Segmentation:

The Global Medical Adhesive Market is segregated into the Resin Type, Technology, Application and Region:

By Resin Type:
• Natural
• Synthetic
By Technology:
• Water Based
• Hot Metal Based
• Solvent Based
By Application:
• Polyethylene Terephthalate (Pet),
• Metal Container
• Polyolefin Bottle
By Region:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Regional Analysis:

Geographically, Medical Adhesive Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Among these regions, Asia Pacific is growing at the highest CAGR, and holding more than 30% share of the global medical adhesive market. The growth of the market in this region is mainly driven by the steady rise in government spending on healthcare sector mingled with updating healthcare infrastructure. North America is the second most substantial medical adhesive market across the globe, wherein growth of the market is primarily favored by the increasing demand of portable medical devices and well-established manufacturer base, along with continuous innovation in medical sector.

Europe is another important region in the global medical adhesive market after North America. This is attributed to the stringent regulatory measure undertaken by the government agencies such as Child Resistive Packaging (CRP), which mandates the drug manufactures to pack the products in resistive package. Other regions in the global medical adhesive market are the Middle East & Africa and Latin America. Among them, the market for medical adhesive in Latin America is estimated to grow at a considerable CAGR owing to pacifying economic and political scenario.

The Middle East & Africa hold a least share of the global medical adhesive market, which is expected to witness a significant changes in coming years.

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