Market Overview:
The global medical epoxy resin market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for disposable and reusable devices, diagnostic equipment, and medical electronics. Additionally, the growing demand for needle bonding in orthopedic and prosthetic devices is also contributing to the growth of this market. However, factors such as volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
Medical epoxy resin is a special type of adhesive that is used to attach medical devices and implants to the body. It is important because it helps to keep medical devices in place and prevents them from moving around or coming loose.
Natural Epoxy Resins:
Natural epoxy resins are a group of chemicals, which are produced by microorganisms and plants. They have similar properties to that of synthetic epoxy resins. The major difference between the two is that natural products do not contain any harmful substances such as solvents, polymers or oligomers along with them being biodegradable in nature makes them suitable for medical application.
Synthetic Epoxy Resins:
Synthetic epoxy resins are a group of chemicals, which is used as adhesives for medical devices and equipment. It has applications in dental industry too. Synthetic epoxy resin market is expected to grow at a significant rate owing to its increasing demand from the medical sector along with other end-use industries such as aerospace & automotive and marine. The growth of these end-use industries will propel the demand for synthetic epoxy resin over the forecast period.
Application Insights:
The others segment dominated the global medical epoxy resins market in 2017, accounting for over 40% of the overall revenue share. The segment includes protective equipment, surgical drapes and gloves, patient monitoring devices, diagnostic imaging systems/scanners/imaging accessories & reagents, disposable and reusable devices.
Global medical epoxy resins demand was highest from disposables and reusable devices at 37.1 kilo tons in 2017 owing to its properties such as chemical inertness towards other ingredients used in manufacturing process along with high resistance towards biofouling which enhances its lifespan. These factors are anticipated to drive product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 6.8% over the forecast period, owing to increasing healthcare spending and technological advancements in medical devices & components manufacturing coupled with stringent regulatory framework for quality control of products.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising disposable income and improving healthcare infrastructure & expenditure coupled with growing awareness among people about advanced technologies for treatment of various diseases. These factors are expected to drive demand for medical epoxy resin over the projected time frame. In addition, presence of major manufacturers such as JEITA Ltd., Nippon Paint Holdings Co., Ltd.; Sibur Holding BV; Lanxess AG; Evonik Industries AG; and Tokyo-based Ito Chemicals Inc.
Growth Factors:
- Increasing demand for medical adhesives and sealants from the medical device industry is expected to drive the growth of the global medical epoxy resin market during the forecast period.
- The increasing use of composites in orthopedic implants, dental implants, and other surgical applications is also projected to fuel the demand for medical epoxy resin during the forecast period.
- The growing awareness about advanced adhesive technologies among surgeons and consumers is also anticipated to propel the growth of this market in coming years.
- The increasing use of 3D printing technology in manufacturing customized medical devices is expected to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Epoxy Resin Market Research Report
By Type
Natural Epoxy Resins, Synthetic Epoxy Resins
By Application
Diagnostic Equipment, Disposable and Reusable Devices, Medical Electronics, Needle Bonding, Orthopedic and Prosthetic Devices, Others
By Companies
Masterbond, Epoxyset, Polycast, Dupont, Rauh Polymers, Victrex, Topas, Dow, Covestro, Threebond, Masterbond
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Medical Epoxy Resin Market Report Segments:
The global Medical Epoxy Resin market is segmented on the basis of:
Types
Natural Epoxy Resins, Synthetic Epoxy Resins
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 Equipment, Disposable and Reusable Devices, Medical Electronics, Needle Bonding, Orthopedic and Prosthetic Devices, 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:
- Masterbond
- Epoxyset
- Polycast
- Dupont
- Rauh Polymers
- Victrex
- Topas
- Dow
- Covestro
- Threebond
- Masterbond
Highlights of The Medical Epoxy Resin 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:
- Natural Epoxy Resins
- Synthetic Epoxy Resins
- By Application:
- Diagnostic Equipment
- Disposable and Reusable Devices
- Medical Electronics
- Needle Bonding
- Orthopedic and Prosthetic Devices
- 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 Epoxy Resin 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 epoxy resin is a type of adhesive that is used to attach medical devices to the skin or other surfaces. It is often used in surgeries and other medical procedures, as it has a high level of strength and durability.
Some of the key players operating in the medical epoxy resin market are Masterbond, Epoxyset, Polycast, Dupont, Rauh Polymers, Victrex, Topas, Dow, Covestro, Threebond, Masterbond.
The medical epoxy resin market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Epoxy Resin 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 Epoxy Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Epoxy Resin 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 Epoxy Resin 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 Epoxy Resin Market Size & Forecast, 2020-2028
4.5.1 Medical Epoxy Resin Market Size and Y-o-Y Growth
4.5.2 Medical Epoxy Resin Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Natural Epoxy Resins
5.2.2 Synthetic Epoxy Resins
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Diagnostic Equipment
6.2.2 Disposable and Reusable Devices
6.2.3 Medical Electronics
6.2.4 Needle Bonding
6.2.5 Orthopedic and Prosthetic Devices
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Epoxy Resin 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 Epoxy Resin 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Natural Epoxy Resins
9.6.2 Synthetic Epoxy Resins
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 Market Size Forecast by Applications
9.10.1 Diagnostic Equipment
9.10.2 Disposable and Reusable Devices
9.10.3 Medical Electronics
9.10.4 Needle Bonding
9.10.5 Orthopedic and Prosthetic Devices
9.10.6 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Natural Epoxy Resins
10.6.2 Synthetic Epoxy Resins
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 Market Size Forecast by Applications
10.10.1 Diagnostic Equipment
10.10.2 Disposable and Reusable Devices
10.10.3 Medical Electronics
10.10.4 Needle Bonding
10.10.5 Orthopedic and Prosthetic Devices
10.10.6 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Natural Epoxy Resins
11.6.2 Synthetic Epoxy Resins
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 Market Size Forecast by Applications
11.10.1 Diagnostic Equipment
11.10.2 Disposable and Reusable Devices
11.10.3 Medical Electronics
11.10.4 Needle Bonding
11.10.5 Orthopedic and Prosthetic Devices
11.10.6 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Natural Epoxy Resins
12.6.2 Synthetic Epoxy Resins
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 Market Size Forecast by Applications
12.10.1 Diagnostic Equipment
12.10.2 Disposable and Reusable Devices
12.10.3 Medical Electronics
12.10.4 Needle Bonding
12.10.5 Orthopedic and Prosthetic Devices
12.10.6 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Natural Epoxy Resins
13.6.2 Synthetic Epoxy Resins
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) Market Size Forecast by Applications
13.10.1 Diagnostic Equipment
13.10.2 Disposable and Reusable Devices
13.10.3 Medical Electronics
13.10.4 Needle Bonding
13.10.5 Orthopedic and Prosthetic Devices
13.10.6 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 Epoxy Resin Market: Competitive Dashboard
14.2 Global Medical Epoxy Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Masterbond
14.3.2 Epoxyset
14.3.3 Polycast
14.3.4 Dupont
14.3.5 Rauh Polymers
14.3.6 Victrex
14.3.7 Topas
14.3.8 Dow
14.3.9 Covestro
14.3.10 Threebond
14.3.11 Masterbond
