Medical Adhesives: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Medical adhesives are used to fasten both critical and noncritical devices and items, promote skin protection and healing, and enable noninvasive monitoring. They are a common component of products like tapes, dressings, electrodes, ostomy supplies, and patches.

Market Insights

Dental applications, bonding and sealing of medical devices, tools, aids, and equipment, as well as internal and external medical applications, all depend on medical adhesives and sealants. Demand will be fueled by an increase in medical treatments requiring adhesion and sealing as well as a preference for adhesive and sealant-based bonding. In the upcoming years, the expanding medical device and protective wear end-use sectors will also contribute to market expansion.

The global market for medical adhesives was valued at $21 billion in 2022 and is anticipated to expand at a CAGR of more than 8% over the next five years. The assembly of medical devices and the production of protective clothing are end-use sectors that are heavily concentrated in the Americas. As a result, the area consumes a lot of adhesives and sealants for various uses. The population that regulates intake through internal and exterior medical and dental use is smaller than those in APAC and MEASA. The US healthcare sector, which is worth more than $4 trillion, plays a key role in the production of protective clothing and medical gadgets and accounts for a sizeable portion of domestic consumption.

Similar to the Americas, the medical and dental device assembly business in Europe is a major consumer of adhesives and sealants. Ireland is a significant manufacturing location for dental devices worldwide.  The area demonstrates a comparatively larger concentration on creating novel, approachable, and naturally resin-based products that vastly enhance the experience of internal and external medical applications.

Worldwide price rises for medical adhesives & sealants have been impacted by increased raw material costs as well as macroeconomic variables including supply chain disruptions brought on by COVID-19 that resulted in shipping and packaging delays as well as rising labour and energy costs. The supply chain of the global medical adhesives & sealants market has suffered since the COVID-19 pandemic in 2020. owing to the frequent unavailability of shipping facilities, factories owing to shutdowns, and raw materials, the supply chain has been disrupted, the cost of raw materials and labour has increased, and the cost of transportation and maritime freight has also gone up. Prices for medical adhesives and sealants have increased dramatically as a result of the variables mentioned above in combination. By 2023, the supply chain stability and price growth are anticipated to be restored, assuming the mitigated impact of the pandemic and the Russo-Ukrainian conflict on the supply chain.

Since the spread of Covid 19 in 2020, the frequent unavailability of shipping facilities, plants owing to shutdowns, and raw materials translated into supply chain interruptions, increases in the prices of raw materials and labour, and concurrent increases in transportation and maritime freight costs. The cost of some adhesives’ raw materials is being impacted by the ongoing Russian-Ukrainian conflict. Medical adhesives and sealants makers will need to create efficient plans to control the timeliness, cost, and quality of their stocks in the upcoming few years due to these macroeconomic factor issues as well as to maintain a smooth flow of raw materials and distribution capacities.

The market for medical adhesives and sealants is challenged by the growing demand for cutting-edge chemistry. These will meet the customers’ unmet demands, such as the capacity to bind dissimilar substrates in medical device assembly applications and the efficient bonding of restorative material to dentin in dentistry applications. The creation of novel, high-performance, inventive chemistries as well as other elements will result in higher prices and an increase in revenue. Additionally, a rising patient population in need of surgical, dental, and outside medical treatments as well as a parallel expansion of the medical device assembly and protective clothing industries will support market expansion. All of the aforementioned requirements will boost demand for medical adhesives and sealants over the course of the following seven years and increase their volume.

 Market Dynamics: Drivers

• The market for adhesives & sealants will expand due to the increase in production of protective clothing and medical gadgets
• The need for surgical adhesives and sealants will be fueled by an increase in surgical operations across all nations
• Surgical adhesives will be used more frequently than traditional, invasive bonding techniques as a result of advantages like quicker, more efficient, and patient-friendly surgeries

Market Dynamics: Challenges

High Product Cost and Environmental Impacts

• Demand for adhesive-free alternatives in external medical applications will increase due to skin sensitivity to adhesives or allergies, which may restrain market expansion
• Their popularity in particular applications will be sparked by effective and affordable adhesive alternatives

Market Segmentation

• Based on Application, the Global Medical Adhesives market is segmented into
  • Medical Devices and Protective Wear
  • Internal Medical
  • External Medical
  • Dental
• Based on Chemistry, the Global Medical Adhesives market is segmented into
  • Cyanoacrylates
  • Acrylics
  • Epoxies
  • Polyurethanes
  • Silicones
  • Polysulfides
  • Glass Ionomer Cement
  • Phosphate & Carboxylate Based
  • Natural Resin Based
• Based on Formulation Technology, the Global Medical Adhesives market is segmented into
  • Water-Based
  • Solvent-Based
  • Hot-Melt
  • UV/Light Curing Adhesives
• Based on Geography, the Global Medical Adhesives market is segmented into
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar, while the market volumes are given in tons.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Medical Adhesives Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Medical Adhesives Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Medical Adhesives Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Medical Adhesives Market study?