About Medical Adhesives
Medical Adhesives Forms An Important Part Of Healthcare System And Are Used By Virtually Every Medical Specialty In All Care Settings. They Include A Variety Of Products Like Tapes, Patches, Electrodes, Dressings, And Ostomy Supplies. They Find Their Applications For Both Critical And Noncritical Devices And Products, Facilitate Skin Protection And Healing, And Allow Non-Invasive Monitoring. Medical Adhesives Have a Wide Range of Pharmaceutical and Biomedical Applications and Are Currently Used In Various Medical Procedures, As Medical Devices: Restorative Dental Filings, Anaesthetic Administration, Blood Transfusions, Heart Bypass Surgery, Intravenous Drug Delivery, Urological Surgery, and Plastic Surgery
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Market For Medical Adhesives Is Fragmented With The Presence Of Many Global As Well As Local Players. Leading Players May Use Strategies Like A Merger, Acquisition And Product Launch To Boost Their Market Share. Owing To Growing Applications Of Medial Adhesives, The Market Is Expected To Grow Further. Owing To Increasing Demands, There Are Also Massive Opportunities for the New Entrants Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Medical Adhesives market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Henkel AG & Company (Germany), Merck Millipore (United States), Avery Dennison Corporation (United States), Medtronic plc (Ireland), The 3M Company (United States), Ashland Inc. (United States), Ethicon Inc. (Johnson & Johnson) (United States), H.B. Fuller (United States), B. Braun Melsungenz (Germany) and GEM (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GluStitch Inc. (Canada), Baxter International (United States), Chemence (United States), Adhesion Biomedical (United Kingdom), Cohera Medical Inc. (United States), Bostik India Pvt. Ltd. (India), Master Bond Inc. (United States), Heartland Adhesives. (United States), Trim-Lok Inc. (United States) and Toagosei America Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Adhesives market by Type (Water Type, Solvent Type, Solids & Hot Melt Type and Others), Application (Medical Device & Equipment, Internal Medical, External Medical, Dental and Others) and Region.
On the basis of geography, the market of Medical Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Medical Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Natural will boost the Medical Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Medical Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Medical Adhesives with Characteristics like High Durability, High Water Resistance and Minimal Dermatological Problems
Market Growth Drivers:
Rise In Geriatric Population Going Through Various Kinds of Surgeries and Increased Usage of Medical Adhesives in Internal and External Medical Devices Applications and Need For Replacement of Obsolete Medical Adhesives with Improved Adhesives for Better Bleeding Control and Faster Wound Healing
Challenges:
The Limited Raw Materials and the Negative Impact of Synthetic Adhesives on Human Health and Challenges Associated With the Proper Disposal of the Synthetic Medical Adhesives
Restraints:
Prevalence of Medical Adhesion Related Skin Injury
Opportunities:
The Upgrading Of Synthetic Adhesives with the Environment-Friendly and Biocompatible Adhesives for Surgical Applications Owing To Advancements in Technology and Increased Government Support and High Investment in Healthcare Sector Opens Up the Market for Medical Adhesives for Their Usage in Disposable Medical Devices
Market Leaders and their expansionary development strategies
In November 2019, Bostik, a Medical Adhesive Company, Launched Born2bond™, an Adhesive for Usage in Medical Devices
In April 2019, 3M Corporation Launched 3M™ Extended Wear Medical Transfer Adhesive, 4075 In Advanced Adhesives Sector For Medical Devices
Key Target Audience
Medical Adhesives Manufacturers, Distributors/Traders, Importers/Exporters, Investors, Regulatory and Government Bodies, Downstream Vendors, Up-Stream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.