Medical Adhesives Market 2018-2025; Growth Forecast & Industry Share Report
Date: 2018-10-03   Author: Rahul Varpe  Category: #market

Based on resin, the medical adhesives market is bifurcated into natural and synthetic. The natural resin is further diversified into natural rubber, collagen, fibrin, and others including albumin, etc. On the other hand, synthetic resins are classified into acrylic group, epoxies group, silicone group and others including polyurethanes, polyethylene glycol. The acrylic and epoxies group resin are used for the rigid joints in orthopedics joints, surgical instruments, etc. Similarly, fibrin, collagen is used for tissue bonding application. The acrylic group resin will witness high growth rate owing to the non-toxicity and low cost.

Based on technology, the medical adhesives market is categorized into water-based adhesives, solvent based adhesive, hot melt-based adhesives, and UV based adhesive technology. Water based segment likely to dominate the product market owing to non-toxic technology. The solvent based segment will also account for substantial share in the medical adhesives market by the end of forecast time spell.

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Medical Adhesives Market size is predicted to witness a high growth rate by 2025 led by product innovation and technological development in healthcare field. Rising trend for replacement of conventional binding and adhering technique in medical field will impel the medical adhesives market. These products are used in medical device and equipment assembly, wound closures, dental care, personal hygiene, drug delivery system, etc. The product is different from other adhesives as they are exposed to water and moisturized conditions.

To fulfil the required criteria for binding in medical segment, the adhesives should have strong wet adhesion at multifaceted physiological condition including pH, biological molecules and salts. Disposable device manufacturers are switching to medical adhesives owing to streamline manufacturing, improved quality and increased performance. The disposable medical devices include catheter assembly, hypodermic supplies, respiratory products, reservoir and housing assemblies, transducers, sutures, etc. This will augment the medical adhesives market owing the rising contagious diseases and health concerns.

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Various respiratory devices, tubing connection, catheters usually incorporate flexible adhesive joints. The use of silicone adhesives in these products will spur the product market as they exhibit high percent of elongation values. Medical adhesives are also used in reusable or non-disposable medical equipment and devices including endoscopes, hearing aids, surgical instruments, orthopedic and prosthetic devices, etc. Increasing investment by the government in medical and healthcare sector will propel the medical adhesives market by the end of forecast spell. For instance, in 2015, the U.S. government invested around USD 102 billion in healthcare industry for technological development and product innovation. This will increase the manufacturing of medical devices which will further propel the medical adhesives market.

North America is likely to hold around two-fifth of the overall medical adhesives market owing to the technological innovation in healthcare sector and existence of leading players of the industry. Asia Pacific will grow at the significant growth rate owing to medical benefits provided by the government and growing geriatric population in region such as India and China. These factors will propel the medical adhesives market growth by the end of 2025.

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The major players of the medical adhesives market include Henkel AG & Company, Chemence Ltd., Adhezion Biomedical, The 3M Company, GluStitch Inc., Muller Sports Medicine, B. Braun Melsungen AG, Cohera Medical, Inc, Ethicon Inc., Meyer-Haake Gmbh, Itac Ltd., H.B Fuller (Cyberbond LLC), Pinnacle Technologies, and Medline Industries Inc.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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