The latest market report published by Credence Research, Inc. “Global Medical Adhesives And Sealants Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global Medical Adhesives and Sealants market is anticipated to grow at a substantial CAGR of 7.50% in the upcoming years. The global Medical Adhesives and Sealants industry was estimated to be worth USD 9.2 billion in 2022 and was expected to be worth USD 15.26 billion by 2030.
Medical Adhesives and Sealants Market refers to the global market for adhesive and sealant products specifically designed and used in medical applications. These products are used to bond or seal various medical devices, equipment, and materials in healthcare settings.
Medical adhesives and sealants serve a critical role in the medical industry by providing secure and reliable bonding and sealing solutions for different applications. They are used in a wide range of medical devices and procedures, including wound closure, surgical incisions, bandages, orthopedic implants, dental applications, and drug delivery systems, among others.
These adhesives and sealants are formulated to meet specific requirements of the medical field, such as biocompatibility, sterility, flexibility, strength, and resistance to bodily fluids and sterilization methods. They are designed to bond different materials commonly found in medical devices, including plastics, metals, ceramics, and fabrics.
Some of the major players analyzed in this market include 3M Company, Baxter International Inc., Henkel AG & Co. KGaA, Johnson & Johnson Services Inc., Medtronic plc, B Braun Melsungen AG, CryoLife Inc., DENTSPLY SIRONA Inc., H.B. Fuller Company, and others. These companies are focusing on various strategies such as mergers and acquisitions, partnerships, collaborations, new product launches to strengthen their foothold in the market.
The medical adhesives and sealants market is influenced by various dynamics that impact its growth and development. These dynamics include:
- Increasing Demand for Minimally Invasive Procedures: Minimally invasive procedures have gained significant popularity in the field of healthcare due to their advantages such as smaller incisions, reduced scarring, shorter hospital stays, and faster recovery times. Medical adhesives and sealants play a crucial role in these procedures by providing strong and reliable bonding of tissues, wound closure, and hemostasis. The growing demand for minimally invasive procedures drives the adoption of medical adhesives and sealants, contributing to market growth.
- Rising Number of Surgeries: The increasing number of surgical procedures, both elective and emergency, is a major driver for the medical adhesives and sealants market. Surgical adhesives and sealants are used for wound closure, tissue bonding, and hemostasis in various surgical specialties. Factors such as the growing aging population, increasing prevalence of chronic diseases, and advancements in surgical techniques contribute to the rise in surgical procedures and subsequently drive the demand for medical adhesives and sealants.
- Advancements in Adhesive Technologies: Technological advancements in medical adhesives and sealants have improved their properties, performance, and safety. Manufacturers are developing adhesive products with enhanced biocompatibility, high strength, flexibility, and shorter curing times. Additionally, the introduction of bio-based and biodegradable adhesives is gaining traction in the market. These advancements drive the adoption of medical adhesives and sealants by healthcare professionals and contribute to market growth.
- Growing Geriatric Population: The geriatric population is more prone to various health conditions and often requires surgical interventions. As the global population continues to age, the demand for medical adhesives and sealants is expected to increase. Geriatric patients often have compromised tissue healing and may require additional support for wound closure and tissue bonding. The growing geriatric population contributes to the expansion of the medical adhesives and sealants market.
- Increasing Prevalence of Chronic Diseases: Chronic diseases such as cardiovascular disorders, diabetes, and cancer require surgical interventions for diagnosis, treatment, or symptom management. Medical adhesives and sealants are used in these procedures to provide effective wound closure and tissue bonding. The rising prevalence of chronic diseases worldwide contributes to the demand for medical adhesives and sealants.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Medical Adhesives And Sealants Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the basis of Technology and Application
- Major nations in each region with their import/export statistics
- The global Medical Adhesives And Sealants Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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