Global Medical Adhesives Market

Medical Adhesives Market Size, Share, Growth Analysis, By Product (Synthetic, Natural), By Technology (Water Based Medical Adhesives, Solvent Based Medical Adhesives), By Natural Resin Type, By Synthetic and Semi-Synthetic Resin Type, By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35B2081 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 121 | Figures: 78

Medical Adhesives Market Insights

Medical Adhesives Market size was valued at USD 9.41 Billion in 2023 and is poised to grow from USD 10.07 Billion in 2024 to USD 15.85 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).

Patches, surgical and medical tapes, wound care products, and ostomy devices are examples of medical adhesives that require human contact. PSAs (pressure sensitive adhesives) based on PIB are commonly used in transdermal drug delivery (TDD) systems. Medical adhesives are designed to adhere biological tissues and to heal wounds more effectively. Other factors, including such disposable medical products and their cost-effectiveness, are predicted to propel the global medical adhesive market. The use of medical adhesives over traditional wound closure measures such as stitches, combined with faster working speeds, is predicted to drive the market share during the analysis period. However, the rising raw material prices for adhesives, which including collagen and fibrin, is also restricting the medical device market's expansion.

As per The World Health Organization report an epidemic of unhealthy lifestyles is affecting the entire world's population. The organization states that an unhealthy lifestyle is directly related to cardiovascular diseases. As a result, the number of people suffering from cardiovascular diseases has dramatically increased. Additionally, the product's uses in internal medical procedures like heart surgeries are growing. For instance, the use of fibrin-based adhesives, a key binding agent with hemostatic properties, is expanding quickly in heart surgery.

US Medical Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Medical Adhesives Market size was valued at USD 8.8 billion in 2022 and is poised to grow from USD 9.4 billion in 2023 to USD 14.8 billion by 2031, growing at a CAGR of 7.0% during the forecast period (2024-2031). 

Global medical adhesives market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'H.B. Fuller ', 'Johnson & Johnson ', 'Ashland Inc. ', '3M Company ', 'Arkema Group ', 'Henkel AG & Company ', 'Chemence ', 'Avery Dennison Corporation ', 'Dow Inc. ', 'Cohera Medical, Inc. ', 'Ethicon Inc. ', 'Baxter International ', 'Nitto Denko Corporation ', 'Braun Melsungen AG ', 'Scapa Group Plc ', 'Adhezion Biomedical LLC ', 'Coviden (Mediatronic PLC) ', 'Dentsply Sirona ', 'Permabond LLC ', 'Masterbond Inc.'

As a result of an unhealthy lifestyle, the occurrence of cardiovascular disease is rising worldwide. Cardiovascular disease is the leading cause of death worldwide, according to the World Health Organization (WHO). The most common types of cardiovascular illness are congenital heart disease, stroke, peripheral artery disease, arrhythmia, congestive heart failure, cardiac arrest, hypertension, and coronary artery disease. Medical adhesives, such as bandages, surgical tapes, wound care patches, and transdermal patches, are widely used in the healthcare industry. To reduce bleeding, medical adhesives such as cyanoacrylate and fibrin are commonly used in cardiovascular surgery.

Medical adhesives, such as bandages, surgical tapes, wound care patches, and transdermal patches, are widely used in the healthcare market. In cardiovascular surgery, medical adhesives such as cyanoacrylate and fibrin are used extensively to control haemorrhage because of their ability to provide effective hemostasis in a range of aortic and cardiac surgeries.

Asia Pacific is projected to be the fastest growing regional market over the forecast period. The Asia Pacific region’s large population accelerated healthcare awareness, and increased risk of wound infections are the primary growth drivers. The region's large number of diabetic patients is also expected to help the medical adhesives market grow. The United Nations estimates that Asia Pacific is home to 60% of the world's population. Furthermore, Asia Pacific has a large number of diabetics. According to the Asia Pacific Diabetes Prevention Organization, Asia Pacific accounts for approximately 60% of all type 1 diabetes cases worldwide. This increases the demand for medical adhesive products such as transdermal insulin patches and other similar products in the region.

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Global Medical Adhesives Market

Report ID: SQMIG35B2081

$5,300
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