North America Medical Device Adhesives Market Trends and Analysis by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027North America Medical Device Adhesives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type (Acrylic, Cynoacrylates, Epoxy, Light Curing, Polyurethane and Silicone); Device Type (Catheters, Masks, Needles and Syringes, Tube Sets, and Wearable Medical Devices, and Others); and Country
- Report Date : Dec 2020
- Report Code : TIPRE00017269
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 133
The North America medical device adhesive market is expected to reach US$ 5,222.20 million by 2027 from US$ 2,884.04 million in 2019; it is estimated to grow at a CAGR of 7.8% from 2020 to 2027.
The increasing usage of medical device adhesive and technological advancements in medical device adhesive are the key factors driving the growth of medical device adhesive. However, complications associated with the medical device adhesive is the major factor hindering the market growth in North America.Medical device adhesive are the adhesives that are manufactured as per the medical grades. They are mainly used for assembling medical devices. They also help to optimize assembly speeds to enable better processing, greater output as well as lowering the associated costs. During recent years, along with the technological developments in medical device industry, the demand for medical device adhesive has also increased significantly.
Continuous R&D studies are ongoing to gain a better understanding on creating high-end medical solutions for incorporating a wide range of medical devices in practical usage. Companies are investing in the development of innovative instruments to secure good return on investment (ROI). Additionally, the product approval by regulatory authorities confirms reliability and credibility of the new age medical device sealants and adhesives.
Recently, various market players have launched high-end and top-quality medical device adhesive in the market. For instance, in February 2019, 3M expanded its adhesive product line with the launch of new portfolio for wearable medical devices. 3M added 3M Extended Wear Medical Transfer Adhesive, 4075 in addition to its existing advanced adhesives for medical devices. Further, in February 2019, DowDuPont launched a new soft skin adhesive for wearable medical devices at the Wearable Technologies Conference, 2019. Recently, in July 2020, Qosina partnered with H.B. Fuller, a medical adhesive manufacturer and introduced an off-the-shelf UV-curable cyanoacrylate adhesive for bonding medical device assemblies. These adhesives feature low bloom and low odor qualities with varying degrees of sheer, viscosity, and fixture time. The mounting number of launches of such novel products facilitates the growth of the medical device adhesive market.
North America has been witnessing a growing number of COVID-19 cases since its outbreak. To deal with the situation, the market players focus their business operations on increasing the production capacities of medical device adhesive. Moreover, many pharmaceutical companies have been forced or encouraged to temporarily close operations. For instance, employees of Epoxy Technology, Inc., have rallied to continue production of adhesives and epoxies used on the frontlines of treating COVID-19 patients. Medical device manufacturers facing extraordinary challenges to rapid delivery in the emergency medical supplies with increased supply and demand from COVID19. As a result, the companies are turning to non-traditional methods to manufacture and the increased supply and demand. The impact of the COVID19 pandemic on the regional medical device adhesive market is high.
Mexico Medical Device Adhesive Market, Revenue and Forecast to 2027 (US$ Mn)
NORTH AMERICA MEDICAL DEVICE ADHESIVE MARKET SEGMENTATION
By Resin Type
- Acrylic
- Silicone
- Cynoacrylates
- Polyurethane
- Light Curing
- Epoxy
By Device Type
- Catheters
- Wearable Medical Devices
- Smartwatches
- Wristband and Activity Monitors
- Patches
- Smart Clothing
- Needles and Syringes
- Pacemaker
- Tube Sets
- Masks
- High
By Country
- US
- Canada
- Mexico
Company Profiles
- 3M
- Dymax Corporation
- Epoxy Technology, Inc
- Master Bond
- H.B. Fuller Company
- INCURE INC
- Permabond LLC
North America Medical Device Adhesives Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,884.04 Million |
| Market Size by 2027 | US$ 5,222.20 Million |
| Global CAGR (2020 - 2027) | 7.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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