Summary - A new market study, titled “Global Medical Adhesives Market - 2019-2026” has been featured on
Medical Adhesives Market
The Medical Adhesives market was valued at USD XX Mn in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a USD XX Mn by 2026.
Medical adhesives are used for surgical procedures and bonding of medical appliances and are used for the fabrication of an extensive range of medical instruments.
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These medical appliances are either disposable or can be used several times. Some medical adhesives are ideal for fixing an extensive range of substrate surfaces including plastics, metals, and rubbers, whereas others are suitable for skin applications.
Medical adhesives, which are used for fixing medical appliances, can be classified as structural, nonstructural, and pressure-sensitive adhesives. Structural adhesives are used in bonding medical appliances and are replacing the nails and screws that were traditionally used in medical devices. Non-structural adhesives are attached physically to the medical appliances and solidify on cooling but do not act chemically. Pressure sensitive adhesives (PSA) are thin and flexible tapes with single or double-sided coatings and are used to apply pressure to medical devices and wounds.
Global Medical Adhesives Market Dynamics
Increasing opportunities for biodegradable and biocompatible adhesives is one of the major factors driving the growth of the global medical adhesives market. Biodegradable and biocompatible adhesives find extensive usage in biomedical, pharmaceutical, and other industries, which are manufactured using polylactide, polyglycolide, and polycaprolactone. Naturally-derived hydrogels are recently developed, with advanced medical adhesives that are mainly used in surgical procedures. These hydrogels are biocompatible, antibacterial, fast curing and elastic adhesives, which are proficient in enclosing cells and providing the required adhesion strength to the tissues in the body.
The market for biodegradable and biocompatible adhesives in APAC is increasing owing to product innovation and development. For instance, in June 2017, Okayama University researchers have discovered a new type of biocompatible adhesive material made of hydroxyapatite that can glue together synthetic hydrogels and soft tissues.
The increasing price of adhesives is one of the significant restraints to the global medical adhesives market. In March 2018, H.B. Fuller has increased cost for all adhesives product categories. The increase will be between 5% and 12%.
Global Medical Adhesives Market Segment Analysis
The global medical adhesives are segmented on material type, which includes acrylic adhesive, polyurethane, cyanoacrylate, epoxy, silicone, and others.
The acrylic adhesive has shown significant growth due to an increase in the launch of a new product. For instance, In January 2018, Vancive has introduced a number of new acrylic adhesive coated films and nonwovens designed for a variety of medical applications, including surgical incise films, wound care, intravenous (IV) securement, wearable devices, and ostomy flanges, which include MED 5023, MED 5077A, MED 5400, and MED 5599A.
There are different forms of acrylic adhesives available used in applications that require high tensile strength, sheer & peel strength, and shock & impact resistance. Acrylic adhesives are available in three forms: tape, paste, and liquid form. Acrylic adhesives demonstrate excellent peel and tack performance and are designed for use as bandages and various other products. The acrylic adhesives s estimated to further grow over the forecast period owing to the non-toxicity and low cost.
By technology, the market is segmented into water-based, solvent-based, hot melt, and others. Among these, water-based adhesives are widely used in different applications as they improve the moisture resistance of devices in comparison to other adhesives that are soluble in water. The acrylic group resin will witness high growth rate owing to the non-toxicity and low cost.
Global Medical Adhesives Market Geographical Analysis
North America was dominating the medical adhesives market in 2018, and it is expected to remain dominant over the forecast period, due to the presence of prominent medical adhesive manufacturing companies such as 3M, H.B. Fuller, Baxter International, Avery Dennison, and Ashland in this region. The U.S. based manufacturers offers a wide range of devices ranging from local hospital supplies to advanced technology products and advanced cardiovascular instruments. The increase in the launch of new product and regulatory approval in this region is driving the global medical adhesives market. For instance, in May 2017, Ashland introduced a new solvent-based pressure sensitive adhesives (PSA). Aroset PS-5333 is a high-solids PSA for demanding graphics and medical applications.
The European medical adhesive market is also growing due to increasing manufacturing activities. The manufacturers in Eastern Europe are inclined toward organic growth in a bid to strengthen their global reach and tap into the regional markets. Developed countries such as the UK have made it mandatory that medicines like contraceptives, aspirin, paracetamol, and many other drugs are offered in Child-Resistant Packaging (CRP). With rising number of regulations and technological development in pharmaceutical industry, research, and manufacturing sectors the medical adhesives market is growing in this region.
Global Medical Adhesives Market Competitive Analysis
Some of major players in the global Medical Adhesives market are: H.B. Fuller, 3M Company, Ashland Inc., Bostik SA, Henkel AG & Company, KGaA, Chemence Medical, Inc., Avery Dennison Corporation, The DOW Chemical Company, Cohera Medical, Inc., and ETHICON INC. (JOHNSON & JOHNSON). The key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with increased focus on R&D are other ways the leading players improve their market presence. For instance,
In March 2018, Henkel Corp. introduced Loctite AA3951 and Loctite AA3953, its two new high-elongation, high-flexibility, LED-curable adhesives specifically designed for use on flexible medical devices made of TPE and TPU.
In January 2019, Avantor has introduced its NuSil brand biocompatible silicone adhesives and other technologies in the U.S. The advanced silicone solutions help medical device manufacturers increase throughput and improve device performance.
In September 2016, Becton, Dickinson and Company and Vancive Medical Technologies, an Avery Dennison business, have introduced a line of transparent vascular dressings with chlorhexidine gluconate (CHG) antimicrobial preservative that is designed to enhance patient care and be comfortable for clinicians to apply and remove.
In February 2016, Dow Corning expanded its silicone skin adhesives portfolio for medical device applications. The new Dow Corning MG-2XXX Series provides strong, conformable adherence of medical devices over extended wear periods without irritating or sensitizing the skin.
Why Purchase the Report?
- Visualize the composition of the medical adhesives market across each indication, in terms of type of medical adhesives type, application, materials, and end-user highlighting the key commercial assets and players.
- Identify commercial opportunities in medical adhesives market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of medical adhesives market - level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
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