At the end of 2021, the worldwide Medical Adhesives market was estimated to be worth approximately US$ 8.4 billion. By 2032, the market is expected to grow at a 6.8% CAGR and reach a value of US$ 16.2 billion.
Medical adhesives are used to reduce blood loss during a range of surgical procedures, including orthopaedic surgery, organ implants, and cardiovascular surgery. Medical adhesives promote natural wound healing and prevent air and liquid leaks during and after surgery. In place of surgical sutures and staples, new adhesives and sealants are used.
These adhesives are utilised in orthopaedic treatments, cardiac surgery, thoracic surgery, cosmetic surgery, neurosurgery, and ophthalmologic procedures, as well as dental extraction and oral surgery, with faster hemostasis and more efficacy than traditional approaches.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Medical Adhesives Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Medical Adhesives market.
Key Medical Adhesives Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Medical Adhesives market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Medical Adhesives Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Medical Adhesives market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Medical Adhesives Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Medical Adhesives market. As per the survey, Medical Adhesives sales will project steady growth over the forecast period.
- Medical Adhesives Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Medical Adhesives market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Medical Adhesives Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Medical Adhesives market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Medical Adhesives market.
Some of the prominent market players are profiled by FMI are:
Bostik, Henkel AG, B.Braun Melsungen, 3M, CryoLife, C R Bard, Cyberbond, Chemence Medical Inc., Ethicon, Covidien, GlaxoSmithKline plc., Adhezion Biomedical, Cohera Medical
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Key Segments Covered in the Medical Adhesives Market Report
By Product:
- Natural
- Synthetic
By Resin:
- Acrylic
- Polyurethane
- Epoxy
- Silicone
- Others
By Technology:
- Water based
- Solvent based
- Hot melt
- Others
By Application:
- Dental
- Medical device & equipment
- Internal medical application
- External medical application
By End User:
- Hospitals
- Specialty Clinics
- Others
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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