Medical Device Adhesive Market Share, Growth | Forecast 2027

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Medical Device Adhesive Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Resin Type (Acrylic, Silicone, Cynoacrylates, Polyurethane, Light Curing, Epoxy); Device Type (Catheters, Wearable Medical Devices, Needles and Syringes, Pacemaker, Tube Sets, Masks), and Geography

Publication Month: Nov 2020 | Report Code: TIPRE00003997 | No. of Pages: 197 | Category: Medical Device | Status: Published

The medical device adhesives market is expected to reach US$ 11,759.07 million in 2027 from US$ 6,642.85 million in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027.

Driving factors include increasing usage of medical device adhesives and technological advancements in medical device adhesives. However, complications associated with these solutions are likely to hamper the growth of the market to a certain extent.

Lucrative Regional Markets for Medical Device Adhesives

Lucrative Regional Markets for Medical Device Adhesives

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Market Insights

Increasing Usage of Medical Device Adhesives

Advancements in electronics technologies are enabling medical electronic devices to facilitate faster diagnosis and offer new drug based therapies to improve the health condition of patients suffering from various health issues. Medical device adhesives are highly versatile and useful in the field of medical science. Most of the medical device manufacturers use pressure sensitive adhesives (PSAs) for grounding, interconnecting, and shielding applications. Some of these adhesives are made up of softer materials such as cotton; whereas, others are more elastic to support flexibility. The rising adoption of medical device adhesives in various applications is expected to support the market growth in the coming years.
The adhesives and sealants are used as an alternative to surgical sutures and staples. The medical practitioners are progressively adopting different types of medical consumables such as catheters needles and others, which, in turn, are projecting the demand for medical adhesives and sealants. For instance, organ transplant is one of the surgical producers that involve large incisions on the human body. Post-surgical wounds are sealed with the help of surgical sutures and staples; the wound needs to be healed fast to avoid post-operation complications, such as wound infection and bleeding. The adhesives and sealants can help in preventing such complications.
In recent years, medical device adhesives have been gaining a significant preference in healthcare-related operations. The medical device adhesives are used in applications such as assemblage of medical devices, drug delivery stems, and connection of device joints and gaps.  The use of medical device adhesives depends on the use of medical devices. Medical grade sealants are widely used in the pharmaceutical and biotechnology industries to prevent contamination of products and maintain pressure in isolators during the manufacturing processes.
Further, the wearable medical devices are relatively tricky to design and have various issues related to components, functions, and materials that are required for consideration before the performance of the device. The medical device adhesives offer high reliability and are able to withstand critical conditions. In order to mitigate these challenges, there has been development of various types of sealants and adhesives as there is no single sealant that works for all roles. This is likely to foster the growth of the market during the forecast period.

Resin Type-Based Insights

Based on resin type, the medical device adhesives market was segmented into acrylic, silicone, cyanoacrylates, polyurethane, light curing, and epoxy. In 2019, the acrylic segment accounted for the highest share in the market and is likely to retain its dominant share owing to the factors such as evident use of acrylic solutions in wide range of applications such as dental, assembly of medical devices and equipment. Furthermore, medical grade acrylic is also ideal for use in interior and well as exterior medical applications that include skin tissue adhesives.

 Medical Device Adhesives Market, by Resin Type – 2019 and 2027

 Medical Device Adhesives Market, by Resin Type – 2019 and 2027

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Device Type-Based Insights

Based on device type, the medical device adhesive market is segmented into catheters, wearable medical devices, needles and syringes, pacemaker, tube sets, and masks. The wearable medical devices segment is sub segmented into smartwatches, wristband and activity monitors, patches, and smart clothing. The catheters segment held the largest share of the market in 2019. However, the wearable medical devices segment is estimated to register the highest CAGR in the market during the forecast period.

Strategic Insights

Report Coverage - Medical Device Adhesive Market
Report CoverageDetails
Market Size Value inUS$ 6,642.85 Million in 2019
Market Size Value byUS$ 11,759.07 Million by 2027
Growth rateCAGR of 7.5% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages197
No. of Tables84
No. of Charts & Figures77
Historical data availableYes
Segments coveredResin Type ; Device Type , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The medical device adhesives market players such as 3M, Epoxy Technology Inc., Dymax Corporation, Master Bond, Henkel AG & Co. KGaA have been adopting several organic and inorganic strategies to enhance their revenue and market standings. For instance, in February 2020, Epoxy Technology Inc. announced the addition of two new MED line adhesive products: MED-OG198-55 and MED-730-110 to its comprehensive line of medical device grade adhesives.

Medical Device Adhesives Market – by Resin Type

Medical Device Adhesives Market – by Device Type

  • Catheters
  • Wearable Medical Devices
    • Smartwatches
    • Wristband and Activity Monitors
    • Patches
    • Smart Clothing
  • Needles and Syringes
  • Pacemaker
  • Tube Sets
  • Masks

Medical Device Adhesives Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East &Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Dymax Corporation
  • Henkel AG & COMPANY, KGAA
  • Epoxy Technology, Inc.
  • Master Bond
  • H.B. Fuller Company
  • Adhesives Research
  • Permabond LLC
  • 3M
  • Dr. Hönle AG

Frequently Asked Questions

Medical Device Adhesives are ideal for array medical applications. These solutions range from a scope of Q-tip to an X-ray machine. The medical device adhesives are commonly used for bonding of plastics and metals. Some of the medical device adhesives require passing of biocompatibility testing for structural bonding of equipment. Some of the materials majorly used in formulation of these adhesives include cyanoacrylates, anaerobics, UV-curable and others.
Driving factors include increasing usage of medical device adhesives and technological advancements in medical device adhesives. However, complications associated with these solutions are likely to hamper the growth of the market to a certain extent.
Global medical device adhesives market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa and South & Central America. In North America, the U.S. holds a significant share of the medical device adhesives market. Innovations in the product line primarily drive the growth of the market in the country. Countries in the region focus on development of advanced technology based products that assist in improving the quality of patient lives. In addition, increasing number of startup companies further expected stimulate the growth of medical adhesive and sealants market in North America. The Asia Pacific region is expected to account for the fastest growth in the medical device adhesives market. The increasing number of accidents, transplant procedures and growing number of companies focusing on the countries in Asia Pacific for their geographical expansion and other strategies is likely to fuel the growth of the market.

The List of Companies - Medical Device Adhesives Market

  1. Dymax Corporation
  2. Henkel AG & COMPANY KGAA
  3. Epoxy Technology, Inc.
  4. Master Bond
  5. H.B. Fuller Company
  6. Adhesives Research
  8. Permabond LLC
  9. 3M     
  10. Dr. Hönle AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the medical device adhesive market.
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  • The key findings and recommendations highlight crucial progressive industry trends in the global medical device adhesive market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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