Global Topical Skin Adhesive Market Analysis, Strategic Assessment, Trend Outlook and Business Opportunities - Ethicon, Inc., Medtronic, Advanced Medical Solutions, Aesculap and others

An in-depth Topical Skin Adhesive analysis based on multiple market Frameworks such as the market size, projections on the market growth rates, market segments, opportunities, influencing trends and competitive strategy analysis. Our comprehensive market outlook is expected to support several clients and businesses make better market decisions and align their market strategies with the changing market dynamics. Global Topical Skin Adhesive report provides wide range of factors that will prove crucial to our clients and provide them with actionable insights till 2025. The Topical Skin Adhesive industry vendor analysis is intended to provide crucial study on market strategies and SWOT (Strength, Weakness, opportunities and Threats) analysis implemented by the influential players.

Global Topical Skin Adhesive Market is expected to reach USD 1,047.60 million by 2025 from USD 607.35 million in 2018, at a CAGR of 8.1% in the forecast period 2018 to 2025.

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The major factors driving the market are growing number of trauma cases and road accidents, growing number of surgical procedure, technological innovation in skin adhesive products. The global topical skin adhesive market is leading in North America.

Well known major players operating in this market are Medtronic, Ethicon U.S., LLC (subsidiary of Johnson & Johnson Services, Inc.), Advanced Medical Solutions Group plc, Pfizer, connexicon medical, Chemence Medical, Inc., Adhezion Biomedical, GluStitch Inc., Meyer-Haake GmbH, Beijing Compont Medical Devices Co., Ltd., Cartell Chemical Co., Ltd among others.

Drivers: Global Topical Skin Adhesive Market

The major factors driving the growth of this market are technological advancements in topical skin adhesive, growing number of trauma cases and road accidents, growing number of surgical procedure, technological innovation in skin adhesive products are boosting the growth of the global topical skin adhesive market are boosting the growth of the global topical skin adhesive market.

GROWING NUMBER OF TRAUMA CASES AND ROAD ACCIDENTS

Road accidents are calculated in terms of the number of persons getting injured and occurrence of deaths. According to World Health Organization (WHO), road traffic injuries are presently anticipated to be the ninth major reason for the cause of death in all the age groups across the globe, and are estimated to be the seventh major cause of death by 2030. Blood loss occurs due to accidents, internal causes and many more due to which it increases the demand for managing blood loss. Topical skin adhesives are used topically to intact the skin at the wound edges for holding the skin surfaces.

• According to Association for Safe International Road Travel (ASIRT), per year almost 1.3 million people are dying due to road crashes, approximately 3,287 deaths each day and approximately 20-50 million gets injured or gets disabled.

• According to Centers for Disease Control and Prevention, number of deaths were 135, 928 per year across the globe due to various trauma cases.

GROWING NUMBER OF SURGICAL PROCEDURE

Surgical procedure is the medical procedure which involves the incision using various instruments that is implemented for repairing the damage or the disease in a living body. Various kinds of skin adhesives are being developed for the closure of the surgical wounds. Adhesives offer the needle-free method of surgical wound closure.
Following are few of the statistics related to surgical procedures:

• According National Center for Health Statistics, more than 650,000 arthroscopic surgeries and debridement procedures are performed for knee pain each year in the U.S.

• According to Australian Atlas of Healthcare Variation, in 2012-2013, 33,682 patients aged and over were admitted to hospital across 304 local area

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Market Segments

Based on geography, the global topical skin adhesive market is segmented into geographical regions, such as,

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

The global topical skin adhesive market is segmented on the basis of application into

• surgical incisions,
• trauma-induced lacerations,
• burn and skin grafting,
• wound closure,
• chronic wounds, and others

In 2018, surgical incisions segment is expected to dominate the topical skin adhesive market with 30.3% market share and is expected to reach USD 331.33 million by 2025, growing at the highest CAGR of 8.8% in the forecast period 2018 to 2025.

The global topical skin adhesive market is segmented on product type into

• 2-octyl cyanoacrylate adhesive,
• n-butyl cyanoacrylate adhesive,
• 2-ethyl cyanoacrylate adhesive, and
• methyl cyanoacrylate adhesive

In 2018, 2-octyl cyanoacrylate adhesive is expected to dominate the topical skin adhesive market with 42.9% market share and is expected to reach USD 464.95 million by 2025, growing at the highest CAGR of 8.6% in the forecast period 2018 to 2025.

The global topical skin adhesive market is segmented on the basis of end-users into

• hospitals,
• clinics,
• trauma centers,
• ambulatory surgical centers, and others

In 2018, hospitals is expected to dominate the topical skin adhesive market with 49.4% market share and is expected to reach USD 529.04 million by 2025, growing at the highest CAGR of 8.4% in the forecast period 2018 to 2025.

The global topical skin adhesive market is segmented on the basis of basis of distribution channel into

• direct sales and
• retail

In 2018, direct sales is expected to dominate the topical skin adhesive market with 76.0% market share and is expected to reach USD 800.71 million by 2025, growing at the highest CAGR of 8.2% in the forecast period 2018 to 2025.

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• Current and future of Global Topical Skin Adhesive Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares and strategies that are employed by the major market players

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