Summary

Global Medical Adhesive Market is expected to grow at a significant rate of around 7% during the forecast period. Medical adhesive is used to bond medical products, such as syringes, dialysis filters, blood bags, and tube connections. These medical products are usually made from a range of synthetic materials, including plastics that are hard to bond, such as PEEK, PE, and PP. In addition, medical adhesives such as biocompatible medical adhesives are increasingly used in medical devices due to their non-cytotoxic, non-sensitizing, and non-irritating properties. Also, athletes use adhesives as they need hydrophobicity of silicone adhesives. As these qualities make them perfect to wear during water sports like diving, swimming, and other activities. Therefore, the above factors are responsible for the growth of the market.

Baxter International Inc., 3M Company, Johnson & Johnson, Avery Dennison Corporation, Henkel AG & Co. KGaA, Ashland Inc., Cohera Medical Inc., Dymax Corporation, Dentsply Sirona, Adhezion Biomedical LLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst resin, synthetic category to witness robust CAGR during the forecast period”
Based on resin, the market is segmented into natural, synthetic, and semi-synthetic. The synthetic category is to witness a higher CAGR during the forecast period. One of the synthetic resins is silicone resin which is highly preferred in the making of medical adhesives. Silicones are made from pure silicon metal obtained from the reduction process of silica sand and coke. In addition, silicones are available in the form of silicone fluids, gels, elastomers, and resins. For instance, in April 2021, 3M announced a new addition to a new class of silicone adhesives, the 2484 3M™ Single, Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner, which is secure and gentle to assist support device compliance by end-users. The latest 2484 3M Hi-Tack Silicone Adhesive is conformable, breathable, minimizes skin cell removal, and allows over seven-day wear time that makes it an ideal choice to be used on fragile skin.

“Amongst technology, solids and hot melt category to witness robust CAGR during the forecast period”
On the basis of technology, the market is categorized into water-based, solvent-based, solids and hot melt, reactive & others. Among these, the solids and hot melt to hold a significant share in the market in 2021. This is mainly due to its 100% solids bonding agent quality which is applied in the molten state that forms bonds when cooling. Its formulation always includes three main raw materials: Polymers such as ethylene, copolymers, etc. For instance, in May 2022, Bostik's launched their new adhesives named Ethylene Vinyl Acetate (EVA) and Polyolefin (PO) Hot Melt Adhesives that are convenient and satisfy environmental requirements.

“Amongst application, medical device and equipment application segment to witness robust CAGR during the forecast period”
Based on application, the market is segmented into dental, medical device & equipment, internal medical applications, external medical applications, and others. The medical device and equipment application segment is predicted to be the fastest-growing application in the global market in the coming years. This is mainly because of its some applications as it cures in seconds when exposed to UV/visible light, high bond strength, optimized installation speed ensures faster processing, and better and more efficient overall performance while remaining cost-effective. These adhesives are guaranteed to withstand the rigors of the product's end use and meet all major regulations. For instance, Henkel Loctite AA 3921 UV Medical Adhesive is a light-cured, acrylic-based adhesive that is formulated to provide flexible and durable bonds when joining stress-sensitive plastics. Typical applications of AA 3921 include bonding stainless steel cannulae into hubs, syringes, and lancets for needle assemblies.

“Asia-Pacific to hold a significant share in the market”
In 2021, Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the large population in the Asia Pacific along with growing healthcare awareness and a higher rate of wound infections are the major growth factors for this region. Also, China is the largest consumer of medical adhesives in this region as this country is densely populated which is driving the growth of the market. In addition, many diabetes patients or growing accidental cases in the region are also likely to act as contributing factors to the expansion of the medical adhesives industry. In addition, the government is also investing in creating new opportunities in the market. For instance, India and Russia have set a bilateral trade target of US$ 30 billion by 2025. Trade is expected to increase by an additional US$ 5 billion per annum, with opportunities in pharmaceuticals & medical devices, minerals, steel, and chemicals which are escalating the growth of the market. Hence, Asia-Pacific is growing owing to the increase in population and the need for better medical facilities in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global Medical Adhesive Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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