Medical Adhesives & Sealants Manufacturing
Technological advancements in the Medical Adhesives and Sealants Manufacturing industry in the United States have manifested in many new products that provide alternatives to traditional methods of hemostasis and sealing wounds via sutures. These products have significant therapeutic value and aesthetic appeal, which has led to widespread use by physicians. The high-strength medical adhesives segment has been one of the main drivers of growth for this industry. High-strength medical adhesives benefit from being strong, relatively easy to use, biocompatible and resorbable. Demand for industry products is largely based on demand for healthcare services. This industry is expected to maintain its growth pattern over the next five years, as further technological advancements in the medical adhesives segment continue to increase their applicability to new surgical procedures and give them greater market penetration in the medical equipment sphere.
Operators in this industry manufacture adhesives and sealants used for sealing surgical wounds and blood vessels. Industry products also have applications in dental reconstruction and surgery, ligament fixation and joint reconstruction. Industry operators also produce adhesives and sealants used in bonding medical equipment. However, industrial adhesives used in construction and other related activities are not included in this industry (see IBISWorld report 32552).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.