Publication Month: Nov 2020 | Report Code: TIPRE00003997 | No. of Pages: 197 | Category: Medical Device | Status: Published
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.
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.
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.
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.
|Market Size Value in||US$ 6,642.85 Million in 2019|
|Market Size Value by||US$ 11,759.07 Million by 2027|
|Growth rate||CAGR of 7.5% from 2020-2027|
|No. of Pages||197|
|No. of Tables||84|
|No. of Charts & Figures||77|
|Historical data available||Yes|
|Segments covered||Resin Type ; Device Type , and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue 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.
The List of Companies - Medical Device Adhesives Market