Medical Adhesives and Sealants - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Medical Adhesives and Sealants Market is accounted for $9,867.90 million in 2019 and is expected to reach $20,545.14 million by 2027 growing at a CAGR of 9.6% during the forecast period. Some of the key factors propelling the market growth include increasing number of surgical procedures in developed and developing economies, increasing aging population across the globe, increasing number of medical implantation/transplantaion procedures being carried out, and rising adoption of minimal invasive procedures. However, stringent regulations associated with medical grade products coupled with lack of proper reimbursement policies for medical services are projected to hamper market growth during the forecast period.
Medical adhesives and sealants are chemical formulations that are safe for use in bonding applications during medical procedures. The use of adhesives and sealants in medical applications is relatively new except in joint implants and dentures.
By product, synthetic segment is anticipated to grow at the significant rate during the forecast period, due to nature of healthcare needs, aging population, awareness and demand for advanced treatments and procedures. The use of these products is majorly dependent on the development of the overall healthcare market. Synthetic adhesives and sealants segment has undergone phenomenal development with respect to versatility, adhesive strength, life, biocompatibility, etc.
On the basis of geography, Asia-Pacific is ranked as the significant growing regional market during the forecast period, due to rapid development of healthcare infrastructure, offshoring of auxiliary businesses by international players, and increased scale of medical tourism in the region. In addition, increase in the number of surgical procedures being performed also has led to the growth in demand for medical adhesives and sealants in the region.
Some of the key players in Medical Adhesives and Sealants Market include Неnkеl АG & Соmраnу, В. Вrаun Меlѕungеn, C. R. Bard, Inc., Ѕсара Неаlthсаrе, Lоhmаnn GmbН, Johnson & Johnson, Еthісоn Іnс., Сhеmеnсе Ltd., 3М, Аdhеѕіоn Віоmеdісаl, Воѕtіk Ltd., Medtronic Plc, Соhеrа Меdісаl Іnс., Вахtеr Іntеrnаtіоnаl Іnс., GЕМ Ѕ.r.l, Меуеr-Нааkе Gmbh, Соvіdіеn Ltd., and Суbеrbоnd LLС.
• Solids & Hot Melt-based
• Medical Adhesives & Sealants
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
End Users Covered:
• Dental Care
• Ambulatory Surgical Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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