𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The global Medical Adhesives Market was valued at USD 9.5 billion in 2023 and is projected to reach approximately USD 15.6 billion by 2030, growing at a CAGR of 7.34% during the forecast period. Medical adhesives are crucial in various medical applications, including wound dressings, surgical procedures, and the attachment of medical devices such as bandages and electrodes. The increasing number of surgical procedures worldwide, driven by an aging population and the prevalence of chronic diseases, has significantly boosted the demand for innovative wound closure solutions like cyanoacrylate adhesives. These adhesives offer quick bonding times, reducing patient recovery time and discomfort. For instance, Dermabond, a cyanoacrylate adhesive, is widely used in hospitals for small surgical closures, highlighting the growing importance of these solutions.
Expanding healthcare infrastructure in developing regions presents new opportunities for the medical adhesives market. Countries like India and Brazil are investing heavily in healthcare improvements, leading to a rising demand for medical adhesives in wound care and surgical applications. The market is highly competitive, with established global players and emerging regional companies contributing to its growth. Major players such as 3M Company, Henkel AG, and Baxter International lead the market with a wide range of products and cutting-edge technologies. Recent innovations, such as 3M’s extended-wear medical adhesive and Henkel’s new cyanoacrylate adhesives, highlight the ongoing advancements and competitive dynamics within the market.
Estimated Growth Rate for Medical Adhesives Market
The Medical Adhesives Market size was valued at USD 9.5 Billion in 2023 and the total Medical Adhesives Market revenue is expected to grow at a CAGR of 7.34% from 2024 to 2030, reaching nearly USD 15.6 Billion by 2030.
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Regional Analysis :
With the highest share of % in 2023, Asia Pacific is the region with the quickest rate of growth in the worldwide medical adhesives market. Rapid economic expansion, notable improvements in healthcare facilities, and the increase in the incidence of chronic illnesses—all of which call for sophisticated medical adhesives for efficient treatment—are to blame for this. Leading the way in this expansion are nations like China and India. China’s health sector has been expanding quickly because to significant investments in both governmental and commercial healthcare institutions. For example, China’s growing emphasis on hospital modernization and the incorporation of cutting-edge medical technologies has increased demand for advanced medical adhesives used in wound care, surgeries, and the treatment of chronic illnesses.
Medical Adhesives Market Segmentation:
by Type
Synthetic Adhesives
Acrylic
Epoxy
Silicone
Polyethylene Glycol
Polyurethanes
Natural or Biological Adhesives
Collagen
Fibrin
Albumin
by Technology
Water-Based
Solvent-Based
Solid & Hot-Melts
Others
by Application
Dental
Surgery
Medical device & equipment
Others
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Key Players :
Discover strategies of the key players in the market and explore how they are navigating trends, expanding their portfolios, and capitalizing on emerging applications. From global leaders to regional influencers, this report provides a complete competitive analysis.
North America
1. 3M (United States)
2. Dymax (United States)
3. Permabond (United States)
4. Boyd (United States)
5. Avery Dennison Corporation (United States)
6. Glue Dots (United States)
7. H.B. Fuller Company (United States)
8. Henkel Corporation (United States)
9. Adhesive Research Inc (United States)
10. Medtronic plc (United States)
11. priMED Medical Products (Canada)
12. Medline Canada Corporation (Canada)
Europe
1. Panacol-Elosol GmbH (Germany)
2. Scapa (U.K.)
3. G A Lindberg (Sweden)
4. Bostik S.A. (Arkema Group) (France)
5. Lohmann GmbH & Co. KG (Germany)
6. Sika AG (Switzerland)
7. Carine Medical (Germany)
Asia Pacific
1. Nitto Denko Corporation (Japan)
2. H.B. Fuller (China)
3. Smith & Nephew plc (India)
4. B. Braun Melsungen AG (Malaysia)
5. Kemei Medical (China)
6. Kangda New Materials (Group) Co., Ltd (China)
Middle East and Africa
1. Medline Industries (South Africa)
2. NMC Healthcare (United Arab Emirates)
3. Smith & Nephew (MEA)
South America
1. Henkel Latin America (South America)
2. Aica Adesivos (Brazil)
3. Avery Dennison (Brazil)
4. B. Braun (Argentina)
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Key Highlights:
- Historical Market Data (2018-2023)
- Forecasts by Segment, Region, and Industry Application (2024-2030)
- SWOT Analysis, Value Chain Insights, and Growth Drivers
- Legal Aspects by Region and Emerging Opportunities
Top Questions Answered:
- What are the key growth drivers and trends in the market?
- Who are the major players, and how do they maintain a competitive edge?
- What new applications are poised to revolutionize the Medical Adhesives industry?
- How will the market grow in the coming years, and at what rate?
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