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Medical Adhesives Market to Receive Overwhelming Hike in Revenues by 2025 - 2032
Medical Adhesives Market
Medical Adhesives Market size was valued at USD 9.41 Billion in 2023 and is poised to grow from USD 10.07 Billion in 2024 to USD 15.85 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
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Patches, surgical and medical tapes, wound care products, and ostomy devices are examples of medical adhesives that require human contact. PSAs (pressure sensitive adhesives) based on PIB are commonly used in transdermal drug delivery (TDD) systems. Medical adhesives are designed to adhere biological tissues and to heal wounds more effectively. Other factors, including such disposable medical products and their cost-effectiveness, are predicted to propel the global medical adhesive market. The use of medical adhesives over traditional wound closure measures such as stitches, combined with faster working speeds, is predicted to drive the market share during the analysis period. However, the rising raw material prices for adhesives, which including collagen and fibrin, is also restricting the medical device market's expansion.
Medical Adhesives Market Segments Analysis:
Global Medical Adhesives Market is segmented by Product, Technology, Natural Resin Type, Synthetic and Semi-Synthetic Resin Type, Application and Region.
Based on Product, the market is segmented into Synthetic, Natural.
Based on Technology, the market is segmented into Water Based Medical Adhesives, Solvent Based Medical Adhesives, Solids and Hot Melt Based.
Based on Natural Resin Type, the market is segmented into Fibrin, Collagen, Others.
Based on Synthetic and Semi-Synthetic Resin Type, the market is segmented into Acrylic Resin, Silicon Resin, Cyanoacrylate Resin, Epoxy Resin, Polyurethane, Others.
Based on Application, the market is segmented into Dental, Internal & External Surgery, Medical Device and Equipment, Others.
Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Medical Adhesives Market Key Players:
H.B. Fuller
Johnson & Johnson
Ashland Inc.
3M Company
Arkema Group
Henkel AG & Company
Chemence
Avery Dennison Corporation
Dow Inc.
Cohera Medical, Inc.
Ethicon Inc.
Baxter International
Nitto Denko Corporation
Braun Melsungen AG
Scapa Group Plc
Adhezion Biomedical LLC
Coviden (Mediatronic PLC)
Dentsply Sirona
Permabond LLC
Masterbond Inc.
Medical Adhesives Market Regional Insights:
Asia Pacific is projected to be the fastest growing regional market over the forecast period. The Asia Pacific region's large population accelerated healthcare awareness, and increased risk of wound infections are the primary growth drivers. The region's large number of diabetic patients is also expected to help the medical adhesives market grow. The United Nations estimates that Asia Pacific is home to 60% of the world's population. Furthermore, Asia Pacific has a large number of diabetics. According to the Asia Pacific Diabetes Prevention Organization, Asia Pacific accounts for approximately 60% of all type 1 diabetes cases worldwide. This increases the demand for medical adhesive products such as transdermal insulin patches and other similar products in the region.
Medical Adhesives Market Recent Developments:
In November 2022, Flexcon introduced four new healthcare and pharmaceutical products.
In October 2022, DuPont launched the Chinese-language regional website liveo.dupont.cn for the DuPontTM LiveoTM Healthcare Solutions brand. The new site will help to meet China's demand for high-quality, high-performance healthcare products.
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Medical Adhesives industry.
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Looking ahead, the Medical Adhesives Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Medical Adhesives Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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