Skin adhesives are the product that is used for wound care for the skin and these adhesives are very effective and less prone to infection. Skin adhesives are used in the hospital, trauma centres, clinical laboratories, and others for wound closures.
Skin adhesives are also used to lighten or remove the scare of the surgery, this has led to an increase in the purchase of skin adhesives product across the globe. The global skin adhesives market is likely to expand during the forecast period with the rising sales and technological advancement in skin adhesives.
Pandemic coronavirus is believed to have a severe impact on the global skin adhesives market. There has been a disruption in the import of raw materials that are required in the production of skin adhesives.
Skin adhesives manufacturing industries are being shuttered around the world causing an unprecedented technology and business model transformation. The flow of patients in the hospitals and clinics have fallen which has led to the decreased demand for wound care. After the supply and manufacturing disruptions, the industries are now facing a demand shock with an uncertain recovery timeline due to shelter-in-place regulations.
The increasing number of hospitals and the rising number of patients in the hospital across the globe are the major factors driving the growth of the skin adhesives market. The increasing use of skin adhesives in drug delivery devices and wound care dressings is expected to drive the growth of skin adhesives market.
Furthermore, the increasing application areas such as homes, healthcare and others is likely to boost the skin adhesives market. World Health Organization (WHO) reported that road traffic accidents are one of the major cause of death in all the age group across the world, to prevent the blood losses from injuries, skin adhesives are used.
Furthermore, the rising number of surgical operations is likely to drive the growth of the global skin adhesives market.However, the stringent regulations imposed by the government in the production of the skin adhesives and fluctuations in the price of raw materials are some of the factors that hamper the growth of the skin adhesives market.
Based on the material type, the silicon based segment is expected to hold a major share in the skin adhesives market. Based on the application, the wound care segment is expected to dominate the skin adhesives market. Based on the end-user, the hospitals are expected to be the most profitable segment in the global skin adhesives market due to the higher number of patients flow into the hospital.
North America is expected to dominate the global skin adhesives market, due to the technological innovation in skin adhesive products in the region. North America is expected to be followed by Europe, due to the increasing number of road traffic injuries and rising number of surgical operations in the region.
Asia-Pacific is expected to have a significant growth in the global skin adhesives market over the forecast period due to the increasing awareness regarding benefits of using skin adhesives products, and rising healthcare expenditure in the countries like China and India.
Some of the market participants in the global skin adhesives market identified across the value chain include:
Application
End-user
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