Medical Adhesive Market Industry Outlook By Drivers, Restraints And Opportunities
Research Nester has released a report titled “Medical Adhesive Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the globalmedical adhesive market in terms of market segmentation by product type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
With the advancement of technology and the rising demand for minimally invasive surgery, the global medical adhesive market is expected to witness a growth by a moderate CAGR during the forecast period, i.e., 2021-2028. The global medical adhesive market is segmented based on product type, application, and region. The product type segment is further divided into three sub categories. These are water-based adhesives, solvent-based adhesives, and solids & hot melt technology. Based on application, the market is segmented into internal medical applications, external medical applications, dental, and medical devices & equipment, out of which, the internal medical application segment is anticipated to hold the largest market share.With developments in innovations and technology especially in surgical applications, there has been a development of environmentally friendly adhesives, which in turn is anticipated to drive the growth of the segment.
On the basis of region, the global medical adhesive market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The rapidly increasing awareness on healthcare and first-aid mainly in the US is anticipated to drive the medical adhesive market in North America. On the other hand, owing to its highly advanced healthcare industry, Europe is the second most dominant market globally. The Asia Pacific, has a vast population which makes itthe third major consumer of medical adhesives.
Growing AdvancementsIn Medical Technology
In the healthcare industry, medical adhesives play a significant role. These products are used to attach any kind of external component on the skin. These components include tape, dressing, electrodes, patches among others. For critical and non-critical devices and products, medical adhesives are known to provide proper securement. Medical adhesives are pressure sensitive and get activated only when firm pressure is applied to the surface. With the passage of time, the bond becomes stronger as the medical adhesive becomes warm and flows into the space between the skin and the device. Owing to a rising population, patients becoming more aware of the healthcare industry, and an expansion in the number of mobile clinics & first aid centers, the global medical adhesives market is expected to grow significantly in the coming years. But improperly set regulations on medical-grade products could hamper the growth of this market. The prices of raw materials see a lot of fluctuations especially caused by fall in trade. This is another hindrance to the growth of the medical adhesive market.
This report also provides the existing competitive scenario of some of the key players of the global medical adhesive market which includes company profiling of 3M (NYSE: MMM),Arkema (Bostik) (EPA: AKE), ITAC Limited, Henkel AG & Co. KGaA (ETR: HEN3), Cyberbond L.L.C., Medtronic (NYSE: MDT), Chemence, Cryolife, Inc.(NYSE: CRY), Baxter International Inc. (NYSE: BAX), Ethicon, Inc. (Johnson & Johnson). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global medical adhesive market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
