The global medical adhesives market was valued at around US$ 8.4 Billion at the end of 2021. The market is projected to register a 6.8% CAGR and top a valuation of US$ 16.2 Billion by 2032.
“The aspects setting the tone for the global market include the expanding adoption of minimally invasive procedures as well as the rising number of medical implantation or transplanting procedures carried out globally.”
Medical adhesives are used across a variety of surgical operations, such as orthopedic surgery, organ implants, and cardiovascular surgery, to lessen blood loss. Medical adhesives help with wound healing naturally and stop air and liquid leaks during and after surgery. New kinds of adhesives and sealants are used in place of surgical sutures and staples.
These adhesives are used in orthopedic treatments, cardiac surgery, thoracic surgery, aesthetic surgery, neurosurgery, and ophthalmologic procedures in addition to dental extraction and oral surgery with the advantage of quicker hemostasis and more efficacy than conventional procedures.
| Attributes | Details |
|---|---|
| Medical Adhesives Market Value in 2021 | US$ 8.4 Billion |
| Medical Adhesives Market Value in 2032 | US$ 16.2 Billion |
| Medical Adhesives Market CAGR (2022 to 2032) | 6.8% |
A key factor in the healthcare sector is the widespread use of medical adhesives such as bandages, surgical adhesives, wound care patches, and transdermal patches. Cardiovascular surgery uses medical adhesives like cyanoacrylate and fibrin extensively to reduce bleeding. For instance, fibrin-based adhesives are predicted to penetrate significantly since they may effectively stop bleeding throughout a variety of aortic and cardiac procedures. Medical adhesives are in greater demand in the healthcare industry as a result.
Furthermore, the market expansion is anticipated to be driven by medical adhesives' faster-operating speeds compared to more conventional wound-healing treatments like stitches. Medical adhesives are currently employed in a variety of internal and external medical applications, as well as the assembly of medical devices. For instance, specialized cyanoacrylates are being used to close skin wounds instead of stitches. These products have the added benefit of allowing the entire wound to be covered. In addition, by controlling subsequent bleeding, these adhesives lower the risk of infection.
The medical adhesives market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America holds the greatest share of the global market for medical adhesives because of growing government support and expanding public spending on healthcare.
The European medical adhesives market is also expected to display substantial growth in the projected years owing to the vast presence of major players and the growing geriatric population.
The East Asian region is predicted to show lucrative growth due to the large population in the region along with growing healthcare awareness.
Bostik, Henkel AG, B.Braun Melsungen, 3M, CryoLife, C R Bard, Cyberbond, Chemence Medical Inc., Ethicon, Covidien, GlaxoSmithKline plc., Adhezion Biomedical, Cohera Medical.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 6.8% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Product, Resin, Technology, Application, End User, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa (MEA) |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Players | Bostik; Henkel AG; B.Braun Melsungen; 3M; CryoLife; C R Bard; Cyberbond; Chemence Medical Inc.; Ethicon; Covidien; GlaxoSmithKline plc.; Adhezion Biomedical; Cohera Medical |
| Customization | Available Upon Request |
The global medical adhesives market is anticipated to register a CAGR of 6.8% during the forecast period.
The global medical adhesives market is projected to be about US$ 16.2 Billion by the end of the year 2032.
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Medical Adhesives Market
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