Medical Adhesives Market, 2024-2030

Medical adhesives employed in medical practices are commonly used for surgical procedures and appliance bonding. Wound closure is performed by using medical adhesives which not only helps in the closing but also prevents infections from spreading. These adhesives are elastic, low viscosity, medium viscosity, high viscosity, flexible, has a quick set time. These adhesives are made by using natural or synthetic materials. The medical adhesive is typically composed of synthetic or biological formulations. Various adhesives are incorporated into medical devices and are either disposable or reusable multiple times.

Biocompatibility also is an important factor in medical adhesive. There are various standards use to test and pass the adhesive. Most of the manufactures use ISO 10993 standardization for cytotoxicity, irritation, and sensitization. According to the U.S. National Library of Medicine and National Institute of Health, human skin wounds are major threat to public health. Every year, chronic wounds result in a financial loss of about $25 billion with around 6.5 million patients in United States of America alone.

The global medical adhesives market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global medical adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global medical adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific and US region due to development in the medical industry. The major growth driver for medical adhesives market growth of the healthcare industry. Also increasing health consciousness of consumers and faster operating speed associated with the utilization of medical adhesives over traditional wound closure techniques, such as stiches. According to the World Health Organization’s (WHO) statistics on road traffic crashes, approximately 1.35 million accident deaths are recorded every year, which increases demand the medical adhesives

Medical adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of medical adhesives market globally. The companies that lead global market are 3M, Bostik SA, H.B. Fuller Company, and Henkel AG & Co. KGaA

Research Methodology

The research process includes the market segmentation of the global medical adhesives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global medical adhesives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global medical adhesives industry dynamics
• Estimation of the present global medical adhesives market size in terms of value and volume
• Global medical adhesives market breakup based on type and application
• Substantiated global medical adhesives market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global medical adhesives industry value chain.

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