Global Medical Adhesives Market Research Report: Forecast (2023-2028)

Market Definition

Medical Adhesives are natural- or synthetic-based formulations used in the manufacturing of medical supplies, such as dressing tapes, bandages, etc., and facilitate wound healing. They are composed of different chemicals such as silicone, acrylic, polyurethane, etc., and therefore are further used in the assembling & bonding of medical equipment. The growing instances of surgical operations across the globe have enhanced the demand for medical adhesives.

Market Insights & Analysis: Global Medical Adhesives Market (2023-28)

The Global Medical Adhesives Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven majorly by the rising application of adhesives in dental care procedures, cardiovascular surgeries, and fixing & bonding medical equipment. The demand for medical adhesives primarily arises from the manufacturers of medical protective wear products such as masks or pharmaceutical industries in the formation of bandages, surgical tapes, etc. The doctors & the hospital staff are at a greater risk of Healthcare Associated Infection (HAI), therefore the necessity of wearing masks all the time has augmented the demand for electrically conductive medical adhesives.

In addition to this, medical practitioners are switching towards medical adhesives for treating wounds rather than conventional wound closure measures such as stitches. Hence, the demand for these adhesives surged in the historical years owing to the wide adoption of skin adhesives in medical treatments & surgeries.

Further, medical adhesives play an integral part in the assembly of the components & are used in the assembling of catheters & blood oxygenators. The manufacturers are gradually adopting medical adhesives rather than conventional device assembly methods such as vibration welding, ultrasonic welding, etc. Since it provides greater resistance & evenly distributes the stress & pressure. Medical adhesives fill the large gaps and can join dissimilar materials, thus they are now widely used for bonding, sealing, and assembling medical devices, i.e., generating the demand for light-cure adhesives & light-cure silicones. As a result, manufacturers are increasingly using medical adhesives to assemble drug-delivery devices, like syringes, injectors, etc.

Moreover, the extensive use of medical adhesives in medical surgeries to re-approximate wounded tissues in a variety of surgical applications is also stimulating market growth. Tissue adhesives, glues, etc., are extensively used by medical practitioners as an alternative to stitches to staple or close wounds. As a result, as the number of plastic surgeries, orthopedic surgeries, cardiovascular surgeries, and so on rises, so does the demand for medical adhesives. Furthermore, the use of skin adhesives in surgeries is expected to expand at a rapid pace due to the long-term protection they provide in cases of wounds, post-surgery healing, and others.

Global Medical Adhesives Market Key Driver:

Expanding Oral Hygiene Consciousness to Foster Growth for Dental Fixture Adhesives - In the past few years, there has been a substantial rise in the usage of medical adhesives & sealants in the fields of dental implants, periodontics, and prosthodontics owing to the increasing awareness related to oral health among patients. The advancement in terms of technology & equipment used for dental care has led to the emergence of better dental care procedures & replaced conventional dental care procedures. The application of adhesives has considerably surged in dental care to fix dentures & provide stability by preventing the dentures from slipping out.

Moreover, dental adhesives aid patients with dry mouth in preventing denture adherence, thus making them more necessary in dental care. The uptick in oral problems such as cavities, Edentulism, and others, has elevated the need for medical care for dental issues because patients are experiencing tooth loss at an earlier age. As a result of the population's reliance on dentures as an alternative to permanent teeth, the demand for medical treatment involving the use of medical adhesives has been enhanced.

Furthermore, medical practitioners have adopted medical adhesives due to the distinguishing characteristics they possess, such as being skin-friendly & more effective. Hence, the market for medical adhesives is primarily driven by the widespread use of adhesives in medical treatments and the emergence of health concerns.

Global Medical Adhesives Market Key Trend:

Evolution of Conventional Adhesives to Bio-compatible Medical Adhesives - The wide application of medical adhesives in medical procedures such as surgeries, denture fixtures, etc., has led companies to formulate adhesives that are compatible & do not rash the skin of the patient. The companies are now focusing on the manufacturing of biocompatible medical adhesives to improve their application in medical devices due to the presence of fewer toxic substances, which are non-cytotoxic, non-sensitizing, and non-irritating functionalities.

Additionally, a growing trend in the usage of bio-compatible adhesives owing to the rising adoption by companies to manufacture silicone-related wearables such as gloves used by doctors during surgeries, the sportsperson using silicone costumes for the activities such as swimming, diving, etc., has also led to a surge in demand for biocompatible adhesives.

Furthermore, rising customer awareness of their health and wellness is increasing demand for medical devices, which, in turn, generates the popularity of medical adhesives due to factors such as binding properties. In addition, medical adhesives have glass substrates & strong binding properties, making them an excellent barrier against moisture & oxygen permeation.

Global Medical Adhesives Market Possible Restraint:

Low Shelf Life of Adhesives & Less Research for the Formation of Toxin-free Adhesives - One of the primary reasons why doctors seek adhesive & sealant replacement is the shorter shelf life of adhesives. Adhesives have a short shelf life because their composition of them changes over time, causing them to fall out of the skin & become unwearable after a single use. Aside from the shelf life, the industry suffers from a lack of investment in developing new adhesives. Toxin substances, as well as less adoption by healthcare in developing countries, act as a restraint on the Adhesives market. As a result, individuals' concerns about using skin adhesives pose a challenge to the global market.

Global Medical Adhesives Market (2023-28): Segmentation Analysis

The Global Medical Adhesives Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the Resin, and Technology the market has been further classified as:

Based on Resin:

• Natural
  • Collagen
  • Fibrin
• Synthetic & Semi-synthetic
  • Cyanoacrylate
  • Epoxy
  • Acrylic
  • Polyurethane
  • Others (Silicone, Polyamide, etc.)

Of both, Synthetic & Semi-synthetic resins acquired the largest market share owing to more functionalities they provide for post-operative treatment. Synthetic resins are widely adopted due to their unique combination of chemical & physical properties and are used for bonding traumatized tissues. Hence, the growing instances of surgical procedures across the globe have accelerated the growth of synthetic medical adhesives.

Moreover, synthetic resins, such as acrylics, epoxy, etc., are expected to dominate the Global Adhesive market in the forecast years as well since they provide biocompatibility & hemostatic impact. In addition, the widespread adoption of synthetic resins in both internal & external medicinal applications, including skin tissue adhesives & medical appliances would also accelerate the demand for synthetic resins in the coming years.

Based on Technology:

• Water-based
• Solvent-based
• Solid & Hot Melt

Here, the Solid & Hot-melt technology observed considerable growth in the historical period owing to the flexibility it provides in terms of bonding. The hot melt adhesive is widely used for dressing the wound on sensitive skin since it has good initial adhesion & can be further repositioned. Furthermore, it is also used for direct skin contact, medical plasters, self-adhesive for surgical drapes, etc. Companies like Henekel have introduced a new range of hot melt adhesives with higher bio-based content, which provide superior adhesion & are being adopted extensively by medical practitioners during the treatment.

Global Medical Adhesives Market Regional Projection

Geographically, the market expands across:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Of all regions globally, Asia-Pacific acquired a significant share of the Medical Adhesives Market. It ascribes to the growing number of leading manufacturers of medical equipment & supplies across the region, owing to the easy availability of cheap labor, i.e., increasing the demand for medical adhesives for assembling medical equipment. Additionally, the surging health awareness among individuals across the region & the rising instances of surgical operations in the countries such as India, China, etc., would accentuate the demand for medical adhesives in the Asia-Pacific region during the forecast periods.

Global Medical Adhesives Industry Recent Developments 

• 2022: Henkel AG & Co. KGaA opened the manufacturing unit of adhesives in Mexico to expand its footprints in the region & increase the production capacities of adhesives & sealants.

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