Medical Adhesives Market 2020: Patient Safety; Skin Adhesion; Anticipated To Grow With A Healthy Growth Rate Of More Than 9.39% By 2025
Global Medical Adhesives Market industry valued approximately USD 7.6 billion in 2016 is anticipated to grow with a healthy growth rate of more than 9.39% over the forecast period 2017-2025. The major factors driving the growth include the growing demand for internal and external medical device application, aging population and advances in medical procedure.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Medical adhesives and sealants are non-toxic chemical substances, which are applied to the damaged organ to curtail leakage and are used in healthcare applications during medical procedures. Medical sealants have replaced sutures and staples, as they prevent air and liquid leakages during post-surgical procedures. The adhesion strength and physical properties to seal the wound without restricting the tissue movement and vital functions are key factors in the successful implementation of medical adhesives and sealants in medical settings. The new classes of adhesives offer enhanced wound adhesion, compatibility with other forms of sterilization, and anti-microbial characteristics.
Key companies covered as a part of this study include Johnson and Johnson, B. Braun Melsungen AG, 3M Company, CryoLife, Inc.,Cyberbond LLC, Ethicon Inc., Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic
Medical device & Equipment
Internal Medical Application
External Medical Application
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Rest of the World
Some of the key manufacturers involved in the market are 3M Company, The DOW Chemical Company, Ashland, Bostik Ltd., H.B.Fuller, Henkel AG & Co. KGaA, Ethicon(Johnson & Johnson), Avery Dennison Corporation. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players. The companies are also trying to dominate the market by investing in research and development.
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