Market Overview:
The global medical advanced adhesives market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for adhesive products in medical devices and rising awareness about the benefits of using advanced adhesives over traditional methods. Based on type, the global medical advanced adhesives market is segmented into acrylics-based, silicone-based, and others. The acrylics-based segment is expected to account for the largest share of the market in 2018 owing to its high performance and durability characteristics. Silicone-based adhesive products are also witnessing high demand due their biocompatibility and non-toxicity properties. Based on application, the global medical advanced adhesives market is segmented into diagnostic devices, monitoring devices, drug delivery devices, and others (including surgical instruments). The diagnostic device segment accounted for the largest share of this market in 2017 owing to rising incidences of chronic diseases that require constant monitoring. Monitoring devices are also witnessing high demand due their ability detect early signs of diseases before they become critical. Geographically, North America dominates this market followed by Europe due to technological advancements made in these regions coupled with increasing adoption rates for new technologies among healthcare providers.
Product Definition:
Medical Advanced Adhesives is a type of adhesive that is used in medical settings. It is often used to attach medical devices or bandages to the skin. Medical advanced adhesives are important because they can help keep medical devices in place and protect the skin from infection.
Acrylics Based:
Acrylics based are polymers with a high proportion of hydrogen, carbon and oxygen. They have applications in end-use industries such as construction, automotive and packaging. The global acrylics based market is expected to witness significant growth over the forecast period owing to its increasing demand from the adhesives industry.
Silicone Based:
Silicone based products are widely used in medical advanced adhesives market owing to their excellent properties such as high thermal stability, chemical resistance and biocompatibility. These products find application in various end-use industries including automotive, construction and electronics. The global silicone based adhesives market is expected to witness significant growth over the forecast period on account of increasing demand from electronic industry for manufacturing semiconductors which use adhesive technology for bonding silicon wafers.
Application Insights:
Based on application, the global medical advanced adhesives market is segmented into drug delivery device, monitoring device, diagnostic device and others. The other applications include surgical instrument retention and biocompatibility. Increasing usage of advanced adhesives in various devices such as catheters, stents and implants for cardiac pacemakers & implantable cardioverter-defibrillators (ICD) are expected to drive demand over the forecast period.
The growing adoption of ICDs owing to rising incidence of heart diseases coupled with increasing geriatric population across the globe is anticipated to boost product demand from 2018 to 2030. In addition, high usage rates of these products in ICDs are expected to further fuel growth during the same period owing to their low failure rate when compared with traditional methods such as wires or stitches used before them.
Increasing awareness about better health outcomes along with a growing aging population across developed countries including Germany.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various companies and rising adoption of medical devices for diagnosis and treatment of chronic disorders. In addition, high healthcare expenditure levels in this region are also anticipated to drive growth over the forecast period.
Asia Pacific is estimated to witness lucrative growth over the coming years owing to factors such as improving healthcare infrastructure, growing patient awareness levels regarding advanced medical adhesives, technological advancements in manufacturing processes coupled with low cost of production offered by countries like China & India thus making these regions attractive destinations for industry players looking for opportunities offering huge potential markets with low capital investment required (low-cost labor).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The number of minimally invasive surgeries is increasing due to various advantages such as shorter hospital stays, reduced pain, and faster recoveries. This is driving the demand for medical adhesives as they are used in these procedures to attach or seal tissues together.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and diabetes is rising globally due to changing lifestyles and aging population. This is leading to an increase in the use of medical adhesives for diagnosis, treatment, and prevention purposes.
- Growing popularity of adhesive-based wound dressings: Adhesive-based wound dressings are becoming increasingly popular due to their ability to provide a moist environment that promotes healing while protecting the wound from infection. This is boosting the demand for medical adhesives used in wound care applications.
- Technological advancements: Medical adhesive manufacturers are constantly innovating new products with improved performance characteristics such as enhanced bonding strength and longer shelf life. This is helping them gain market share over traditional sutures and staples which have some limitations related to their use cases.. 5) Rise in funding towards adhesive research: There has been a significant rise in funding towards adhesive research by both public sector organizations and private companies over the past few years owing to its potential application areas across different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Advanced Adhesives Market Research Report
By Type
Acrylics Based, Silicone Based, Others
By Application
Diagnostic Device, Monitoring Device, Drug Delivery Device, Others
By Companies
3M, Dow, Scapa Group, BDK Industrial, MBK, Elkem Silicones, Avery Dennison Medical, Lohmann, Polymer Science, DYMAX, R&D Medical Products, M&C Specialties, Tapecon, Boyd Corporation, Adhesives Research
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Medical Advanced Adhesives Market Report Segments:
The global Medical Advanced Adhesives market is segmented on the basis of:
Types
Acrylics Based, Silicone Based, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnostic Device, Monitoring Device, Drug Delivery Device, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Dow
- Scapa Group
- BDK Industrial
- MBK
- Elkem Silicones
- Avery Dennison Medical
- Lohmann
- Polymer Science
- DYMAX
- R&D Medical Products
- M&C Specialties
- Tapecon
- Boyd Corporation
- Adhesives Research
Highlights of The Medical Advanced Adhesives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acrylics Based
- Silicone Based
- Others
- By Application:
- Diagnostic Device
- Monitoring Device
- Drug Delivery Device
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Advanced Adhesives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical Advanced Adhesives are a type of adhesive that is used in medical procedures. They are designed to be stronger and more durable than traditional adhesives, which makes them ideal for use in surgeries and other medical procedures.
Some of the key players operating in the medical advanced adhesives market are 3M, Dow, Scapa Group, BDK Industrial, MBK, Elkem Silicones, Avery Dennison Medical, Lohmann, Polymer Science, DYMAX, R&D Medical Products, M&C Specialties, Tapecon, Boyd Corporation, Adhesives Research.
The medical advanced adhesives market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Advanced Adhesives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Advanced Adhesives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Advanced Adhesives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Advanced Adhesives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Advanced Adhesives Market Size & Forecast, 2018-2028
4.5.1 Medical Advanced Adhesives Market Size and Y-o-Y Growth
4.5.2 Medical Advanced Adhesives Market Absolute $ Opportunity
Chapter 5 Global Medical Advanced Adhesives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Advanced Adhesives Market Size Forecast by Type
5.2.1 Acrylics Based
5.2.2 Silicone Based
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Advanced Adhesives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Advanced Adhesives Market Size Forecast by Applications
6.2.1 Diagnostic Device
6.2.2 Monitoring Device
6.2.3 Drug Delivery Device
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Advanced Adhesives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Advanced Adhesives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Advanced Adhesives Analysis and Forecast
9.1 Introduction
9.2 North America Medical Advanced Adhesives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Advanced Adhesives Market Size Forecast by Type
9.6.1 Acrylics Based
9.6.2 Silicone Based
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Advanced Adhesives Market Size Forecast by Applications
9.10.1 Diagnostic Device
9.10.2 Monitoring Device
9.10.3 Drug Delivery Device
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Advanced Adhesives Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Advanced Adhesives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Advanced Adhesives Market Size Forecast by Type
10.6.1 Acrylics Based
10.6.2 Silicone Based
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Advanced Adhesives Market Size Forecast by Applications
10.10.1 Diagnostic Device
10.10.2 Monitoring Device
10.10.3 Drug Delivery Device
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Advanced Adhesives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Advanced Adhesives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Advanced Adhesives Market Size Forecast by Type
11.6.1 Acrylics Based
11.6.2 Silicone Based
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Advanced Adhesives Market Size Forecast by Applications
11.10.1 Diagnostic Device
11.10.2 Monitoring Device
11.10.3 Drug Delivery Device
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Advanced Adhesives Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Advanced Adhesives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Advanced Adhesives Market Size Forecast by Type
12.6.1 Acrylics Based
12.6.2 Silicone Based
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Advanced Adhesives Market Size Forecast by Applications
12.10.1 Diagnostic Device
12.10.2 Monitoring Device
12.10.3 Drug Delivery Device
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Advanced Adhesives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Advanced Adhesives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Advanced Adhesives Market Size Forecast by Type
13.6.1 Acrylics Based
13.6.2 Silicone Based
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Advanced Adhesives Market Size Forecast by Applications
13.10.1 Diagnostic Device
13.10.2 Monitoring Device
13.10.3 Drug Delivery Device
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Advanced Adhesives Market: Competitive Dashboard
14.2 Global Medical Advanced Adhesives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Dow
14.3.3 Scapa Group
14.3.4 BDK Industrial
14.3.5 MBK
14.3.6 Elkem Silicones
14.3.7 Avery Dennison Medical
14.3.8 Lohmann
14.3.9 Polymer Science
14.3.10 DYMAX
14.3.11 R&D Medical Products
14.3.12 M&C Specialties
14.3.13 Tapecon
14.3.14 Boyd Corporation
14.3.15 Adhesives Research
