Medical Adhesives Market Analysis | 2023-2028

Market Highlights

The Medical Adhesives Market was estimated at US$ 8.99 billion in 2022 and is expected to grow at a healthy CAGR of 6.8% during 2023-2028 to reach US$ 13.42 billion in 2028.

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What are Medical Adhesives?

Medical adhesives are substances specifically formulated for use in the field of medicine. These adhesives are designed to bond or seal tissues, wounds, or medical devices. They provide a strong and secure attachment while ensuring biocompatibility and non-toxicity. Medical adhesives serve as alternatives to traditional methods like sutures or staples in surgical procedures. They can be applied to close incisions, join tissues, or secure medical devices such as catheters or wound dressings. These adhesives are formulated to exhibit reliable adhesion properties, flexibility, and resistance to bodily fluids. They play a crucial role in wound healing by providing a barrier against pathogens, reducing the risk of infection, and promoting faster recovery. Additionally, medical adhesives offer advantages such as ease of application, reduced scarring, improved patient comfort, and potential cost savings compared to traditional closure methods.

Market Drivers

The prime factors that are driving the medical adhesives market are the increasing number of minimally invasive surgeries, high growth in the medical implants market, and rise in population, income level, and health awareness in the developing regions.

Segments Analysis

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By Resin Type

The market is segmented as natural resin and synthetic and semi-synthetic resins. Natural resins are expected to remain the major segment of the market during the forecast period. Natural resin is further segmented into fibrin, collagen, and others. Synthetic and semi-synthetic resins are further classified as acrylic, silicone, cyanoacrylate, epoxy, polyurethane, and others.

By Technology Type

The medical adhesives market is segmented as water-based, solvent-based, and solids & hot-melt-based. Solids & hot-melts-based medical adhesives are expected to witness the highest growth during the forecast period. These adhesives are entirely based on thermoplastic polymers, which are heated and applied in the molten state and set to form a bond on cooling and solidification.

Regional Analysis

In terms of regions, Asia-Pacific is expected to witness the fastest growth during the forecast period. Significant economic growth in the region, growing disposable income of consumers, low-cost labor, and a huge consumer base are the major factors driving the growth of the market. Europe and North America are also expected to offer significant growth opportunities during the forecast period.

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Key Players

Some of the major suppliers of medical adhesives are-

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders validation, and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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