Global Medical Adhesives and Sealants Market Report 2022-2027 - Focus on Infection Control Drives Interest in Sterilization Resistant Adhesives
Global Market for Medical Adhesives and Sealants
Dublin, May 19, 2022 (GLOBE NEWSWIRE) -- The "Medical Adhesives and Sealants - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Medical Adhesives and Sealants Market to Reach US$12.8 Billion by the Year 2027
The global market for Medical Adhesives and Sealants estimated at US$8.1 Billion in the year 2020, is projected to reach a revised size of US$12.8 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027.
Acrylic, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Silicone segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 6.1% share of the global Medical Adhesives and Sealants market.
The U.S. Accounts for Over 33.7% of Global Market Size in 2020, While China is Forecast to Grow at a 9.3% CAGR for the Period of 2020-2027
The Medical Adhesives and Sealants market in the U.S. is estimated at US$2.7 Billion in the year 2020. The country currently accounts for a 33.68% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2027 trailing a CAGR of 9.3% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the year 2027.
Cyanoacrylate Segment Corners a 4.2% Share in 2020
In the global Cyanoacrylate segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$280.8 Million in the year 2020 will reach a projected size of US$473.4 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 9.2% CAGR through the analysis period.
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the publisher's digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
With Routine Healthcare Care Disrupted, Surgical & Non-Surgical Uses of Medical Adhesives & Sealants Suffer a Temporary Setback
Competitive Market Presence - Strong/Active/Niche/Trivial for 46 Players Worldwide in 2022 (E)
An Introduction to Medical Adhesives and Sealants
Synthetic Medical Adhesives Vs. Natural Medical Adhesives
Medical Adhesives Vs. Industrial Grade Adhesives
Use of Medical Adhesives in Healthcare Applications
Global Market Scenario and Outlook
Market Constraints and Challenges
Regional Analysis
Analysis by Product Segment
Analysis by Technology Type
Recent Market Activity
World Brands
2. FOCUS ON SELECT PLAYERSSelect Competitors (Total 90 Featured)
3M Company
Adhesives Research, Inc.
Advanced Medical Solutions Group plc
Advanced Medical Solutions Israel (Sealantis) Ltd
B. Braun Melsungen AG
Baxter International, Inc.
Becton, Dickinson and Company
CryoLife, Inc.
Dentsply Sirona Inc.
Tricol Biomedical, Inc.
Integra Life Sciences Corporation
Johnson & Johnson/Ethicon Inc.
Kerr Corporation
Medtronic Plc
Procter & Gamble Company
Vivostat A/S
3. MARKET TRENDS & DRIVERS
Rise in Surgical Procedure Volumes Drive Growth of Surgical Adhesives
Utility of Adhesives & Sealants in Select Surgical Procedures: A Snapshot
Select Sealant Materials & their Applications in Surgical Applications
Rise in Preference for Minimally Invasive Procedures Augurs Well for Market Growth
Elastic Adhesives to Resolve Challenges in Lung & Cardiovascular Surgical Procedures
Conventional Intracutaneous Sutures & Staples Lose Relevance Amid Surgical Procedure Innovation
Material Trends in the Medical Adhesives Market
Surgical Adhesives Evolve Rapidly in terms of Functionality & Efficiency
Different Types of Surgical Adhesives, Sealants and Glues
Hemostatic Agents Gain Application to Control Blood Leakage
Growing Prominence of Adhesive Dentistry Drives Growth of Dental Adhesives & Sealants
Dental Sealants Evolve to Address the Need for Less Complex Solutions
Progress in Adhesive Dentistry
Robust Dental Tissue Bonding Agents Come to the Fore for Dental Reconstruction
Wound Management: A High Growth Area
Adhesive Bandages Explore Novel Design Variations
Shift to Value-Based Healthcare Spurs Opportunities for High Value Adhesives & Sealants for Medical Devices
Focus on Infection Control Drives Interest in Sterilization Resistant Adhesives
Diagnostic Adhesives Garner Momentum
Huge Unmet Needs Open Opportunities for Biodegradable, Biocompatible & Elastic Sealants
Pressure Sensitive Adhesives Gain Significance in Medical Applications
Wearable Medical Devices: An Exciting Market Opportunity
UV Curing Medical Adhesives Witness Growth
Impact of Healthcare Expenditure on Market Growth
Demographic Shifts & Societal Changes Drive Demand Greater Clinical Care
Regulatory Concerns for Medical Adhesives and Sealants
Select Product Developments
Other Developments
Nanotechnology in Incision Closures
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qhl04f
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