Global Medical Adhesives and Sealants Market 2017-2021
About medical adhesives and sealants
Medical adhesives and sealants are usually used for surgical procedures and the bonding of medical appliances. Medical adhesives and sealants are used for the fabrication of an extensive range of medical appliances. These medical appliances are either disposable or can be used several times. Some medical adhesives and sealants are ideal for fixing an extensive range of substrate surfaces including plastics, metals, and rubbers, whereas others are suitable for skin applications.
Technavio’s analysts forecast the global medical adhesives and sealants market to grow at a CAGR of 9.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global medical adhesives and sealants market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of medical adhesives and sealants market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Medical Adhesives and Sealants Market 2017-2021
Technavio recognizes the following companies as the key players in the global medical adhesives and sealants market: 3M, Ashland, CryoLife, H.B. Fuller, and Henkel.
Other Prominent Vendors in the market are: Advanced Medical Solutions, Adhesive Research, Baxter International, Dentsply Sirona, and Johnson & Johnson.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in the number of surgeries carried out worldwide. Due to an increase in disposable income and health awareness in the developing and developed regions, the demand for surgeries is increasing. This is boosting the medical adhesives and sealants market.”
According to the report, one of the major drivers for this market is growing importance of adhesive dentistry. The global dental service market is growing at an impressive rate; there has been a significant increase in the number of people looking for dental care services recently. Technological advances have led to the emergence of better dental care procedures. These advanced dental care procedures are replacing traditional dental care procedures. Currently, advanced procedures and technologies account for more than 50% of the financial profit of the dental care service market.
Further, the report states that one of the major factors hindering the growth of this market is conformance to stringent regulations and statutory norms. Manufacturers of medical adhesives and sealants need to comply with strict environmental regulations. An example of such a regulation is the European Union's Restriction on the usage of certain Hazardous Substances directive which bans the use of chemicals such as cadmium, lead, and other hazardous materials in medical components.
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