Global Market Insights, Inc. adds a new Global Medical Adhesives Market Research Report for forecast period that shows the growth of the market is rising at a steady CAGR from 2018 to 2025. 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.
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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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Based on application, the medical adhesives market is segmented into device and equipment, tissue bonding, pressure sensitive tapes, dental, wound closure and others including personal hygiene, drug delivery system, etc. Tissue bonding, drug delivery system together will account for more than half of the entire medical adhesives market share. Other application will also grow at the substantial growth rate owing to the increasing penetration in consumer goods.
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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