Medical Device Adhesive Market is anticipated to Record a CAGR of 7.5% to Reach a Valuation of US$ 11,759.07 Mn by Forecast 2020-2027

According to our new market research study on "Medical Device Adhesive Market - Global Analysis and Forecast - by Resin Type, and Device Type," the global medical device adhesive market is expected to reach US$ 11,759.07 million by 2027 from US$ 6,642.85 million in 2019; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The report highlights the trends prevailing in the global medical device adhesive market, and the drivers and deterrents pertaining to its growth.

The growth of medical device adhesive market is also attributed to the increasing usage of medical device adhesives, and technological advancements in medical device adhesives. However, lack of adoption in emerging economies is likely to hamper the growth of the market during the forecast period.

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Medical Device Adhesive Market: Competitive Landscape and Key Developments: Dymax Corporation, Henkel AG & COMPANY, KGAA, Epoxy Technology, Inc., Master Bond, H.B. Fuller Company, Adhesives Research, INCURE INC., Permabond LLC, 3M, and Dr. Hönle AG are among the prominent players operating in the medical device adhesive market.

Medical Device Adhesive Market - Strategic Insights

Report Coverage - Medical Device Adhesive Market
Market Size Value in US$ 6,642.85 Million in 2019
Market Size Value by US$ 11,759.07 Million by 2027
Growth rate CAGR of 7.5% from 2020-2027
Forecast Period 2020-2027
Historical data available Yes
Segments covered Resin Type ; Device Type , and Geography
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Based on resin type, the medical device adhesive market is segmented into acrylic, silicone, cynoacrylates, polyurethane, light curing, and epoxy. The acrylic segment held a larger share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period. The rising healthcare spending and aging population worldwide are fueling the demand for medical device adhesive market.

Impact of COVID-19 Pandemic on Medical Device Adhesive Market

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of December 2020, the US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries in terms of COVID-19 confirmed cases and reported deaths. According to the latest WHO figures, there are ~81,159,096 confirmed cases and 1,791,246 total deaths across the world. The pandemic is adversely affecting various industries across the world due to lockdowns, travel bans, and business shutdowns.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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