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
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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
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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.
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Medical Device Adhesive Market: Strategic Insights
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 Forecast Period 2020-2027 Base Year 2020
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Medical Device Adhesive Market: Strategic Insights
| 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 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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
- Acrylic
- Silicone
- Cyanoacrylates
- Polyurethane
- Light Curing
- Epoxy
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
- INCURE INC.
- Permabond LLC
- 3M
- Dr. Hönle AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Resin Type ; Device Type , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Medical Device Adhesives Market – By Resin Type
1.3.2 Medical Device Adhesives Market – By Device Type
1.3.3 Medical Device Adhesives Market – By Geography
2. Medical Device Adhesives Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Medical Device Adhesives Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA)– PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
5. Medical Device Adhesives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Usage of Medical Device Adhesives
5.1.2 Technological Advancements in Medical Device Adhesives
5.2 Market Restraint
5.2.1 Complications Associated with Medical Device Adhesives
5.3 Market Opportunity
5.3.1 Rapid Surge in Number of Minimally Invasive Procedures
5.4 Future Trend
5.4.1 Increasing Adoption of Eco-Friendly and Biocompatible Solutions
5.5 Impact Analysis
6. Medical Device Adhesives Market – Global Analysis
6.1 Global Medical Device Adhesives Market Revenue Forecast And Analysis
6.2 Global Medical Device Adhesives Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Medical Device Adhesive Market Analysis – By Resin Type
7.1 Overview
7.2 Medical Device Adhesive Market Share, by Resin Type, 2019 and 2027 (%)
7.4 Acrylic
7.4.1.1 Overview
7.4.1.2 Acrylic: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
7.5 Silicone
7.5.1.1 Overview
7.5.1.2 Silicone: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
7.6 Cyanoacrylate
7.6.1.1 Overview
7.6.1.2 Cyanoacrylate: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
7.7 Polyurethanes
7.7.1.1 Overview
7.7.1.2 Others: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
7.8 Light Curing
7.8.1 Overview
7.8.2 Light Curing: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
7.9 Epoxy
7.9.1 Overview
7.9.1.1 Epoxy: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8. Medical Device Adhesive Market Analysis – By Device Type
8.1 Overview
8.2 Medical Device Adhesive Market Share, by Device Type, 2019 and 2027 (%)
8.4 Catheters
8.4.1.1 Overview
8.4.1.2 Catheters: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.5 Wearable Medical Devices
8.5.1.1 Overview
8.5.1.2 Wearable Medical Devices: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.5.2 Smartwatches
8.5.2.1 Overview
8.5.2.2 Smartwatches: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.5.3 Wristband and Activity Monitors
8.5.3.1 Overview
8.5.3.2 Wristband and Activity Monitors: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.5.4 Patches
8.5.4.1 Overview
8.5.4.2 Patches: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.5.5 Smart Clothing
8.5.5.1 Overview
8.5.5.2 Smart Clothing: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.6 Needles and Syringes
8.6.1.1 Overview
8.6.1.2 Needles and Syringes: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.7 Pacemaker
8.7.1.1 Overview
8.7.1.2 Pacemaker: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.8 Tube Sets
8.8.1 Overview
8.8.2 Tube Sets: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
8.9 Masks
8.9.1 Overview
8.9.1.1 Masks: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
9. Medical Device Adhesives Market Analysis and Forecasts To 2027 – Geographical Analysis
9.1 North America: Medical Device Adhesives Market
9.1.1 Overview
9.1.2 North America: Medical Device Adhesives Market, - Revenue and Forecast to 2027 (USD Million)
9.1.3 North America: Medical Device Adhesives Market, by Resin Type Type – Revenue and Forecast to 2027 (USD Million)
9.1.4 North America: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.1.4.1 North America: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5 North America: Medical Device Adhesives Market, by Country, 2019 & 2027 (%)
9.1.6 US: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 US: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 US: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.1.6.3 US: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.1.6.3.1 US: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.7 Canada: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Canada: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Canada: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.1.7.3 Canada: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.1.7.3.1 Canada: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.8 Mexico: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 Mexico: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 Mexico: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.1.8.3 Mexico: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.1.8.3.1 Mexico: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2 Europe: Medical Device Adhesives Market
9.2.1 Overview
9.2.2 Europe: Medical Device Adhesives Market, - Revenue and Forecast to 2027 (USD Million)
9.2.3 Europe: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.4 Europe: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.4.1 Europe: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.5 Europe: Medical Device Adhesives Market, by Country, 2019 & 2027 (%)
9.2.6 Germany: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.6.1 Germany: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.6.2 Germany: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.6.3 Germany: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.6.3.1 Germany: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.7 UK: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.7.1 UK: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.7.2 UK: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.7.3 UK: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.7.3.1 UK: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.8 France: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.8.1 France: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.8.2 France: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.8.3 France: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.8.3.1 France: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.9 Italy: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.9.1 Italy: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.9.2 Italy: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.9.3 Italy: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.9.3.1 Italy: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.10 Spain: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.10.1 Spain: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.10.2 Spain: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.10.3 Spain: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.10.3.1 Spain: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.2.11 Rest of Europe: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.11.1 Rest of Europe: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
9.2.11.2 Rest of Europe: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
9.2.11.3 Rest of Europe: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
9.2.11.3.1 Rest of Europe: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.3 Asia Pacific: Medical Device Adhesive Market
9.3.1 Overview
9.3.2 Asia Pacific: Medical Device Adhesive Market - Revenue and Forecast to 2027 (USD Million)
9.3.3 Asia Pacific Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.4 Asia Pacific Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.4.1 Asia Pacific Wearable Medical Devices Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.3.5 Asia Pacific: Medical Device Adhesive Market, by Country, 2019 & 2027 (%)
9.3.6 China: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.6.1 China: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.7 China Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.8 China Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.8.1 China Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.3.9 Japan: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.9.1 Japan: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.10 Japan Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.11 Japan Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.11.1 Japan Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.3.12 India: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.12.1 India: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.13 India Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.14 India Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.14.1 India Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027 (USD Million)
9.3.15 South Korea: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.15.1 South Korea: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.16 South Korea Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.17 South Korea Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.17.1 South Korea Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.3.18 Australia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.18.1 Australia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.19 Australia Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.20 Australia Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.21 Australia Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027 (USD Million)
9.3.22 Rest of Asia Pacific: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.22.1 Rest of Asia Pacific: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.3.23 Rest of Asia Pacific Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.3.24 Rest of Asia Pacific Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.3.24.1 Rest of Asia Pacific Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.4 Middle East & Africa: Medical Device Adhesive Market
9.4.1 Overview
9.4.2 Middle East & Africa: Medical Device Adhesive Market - Revenue and Forecast to 2027 (US$ Million)
9.4.3 Middle East and Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.4.4 Middle East and Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.4.4.1 Middle East and Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.4.5 Middle East & Africa: Medical Device Adhesive Market, by Country, 2018 & 2027 (%)
9.4.6 Saudi Arabia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.6.1 Saudi Arabia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.7 Saudi Arabia Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.4.8 Saudi Arabia Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.4.8.1 Saudi Arabia Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.4.9 UAE: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.9.1 UAE: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.10 UAE Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.4.11 UAE Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.4.11.1 UAE Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.4.12 South Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.12.1 South Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.13 South Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.4.14 South Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.4.14.1 South Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.4.15 Rest of Middle East and Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.15.1 Rest of Middle East and Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.4.16 Rest of Middle East and Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.4.17 Rest of Middle East and Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.4.17.1 Rest of Middle East and Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.5 South and Central America: Medical Device Adhesive Market
9.5.1 Overview
9.5.2 South and Central America: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.3 South and Central America Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.5.4 South and Central America Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.5.4.1 South and Central America Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.5.5 South and Central America: Medical Device Adhesive Market, by Country, 2019 & 2027 (%)
9.5.6 Brazil: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.6.1 Brazil: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.7 Brazil Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.5.8 Brazil Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.5.8.1 Brazil Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
9.5.9 Argentina: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.9.1 Argentina: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.10 Argentina Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.5.11 Argentina Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.5.11.1 Argentina Wearable Medical Devices Market, by Device Type – Revenue and Forecast to 2027(USD Million)
9.5.12 Rest of South and Central America: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.12.1 Rest of South and Central America: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
9.5.13 Rest of South and Central America Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
9.5.14 Rest of South and Central America Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
9.5.14.1 Rest of South and Central America Wearable Medical Devices Market, by Device Type – Revenue and Forecast to 2027(USD Million)
10. Impact of COVID-19 Pandemic on Global Medical Device Adhesive Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
11. Medical Device Adhesive Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Dymax Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henkel AG & COMPANY, KGAA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Epoxy Technology, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Master Bond
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 H.B. Fuller Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Adhesives Research
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 INCURE INC.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Permabond LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 3M
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Hönle AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 3. North America: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 4. US: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 6. US: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico: Wearable Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Europe: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 14. Europe: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 15. Europe: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 16. Germany: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 17. Germany: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 18. Germany: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 19. UK: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 20. UK: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 21. UK: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 22. France: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 23. France: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 24. France: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 25. Italy: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 26. Italy: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 27. Italy: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 28. Spain: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 29. Spain: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 30. Spain: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 31. Rest of Europe: Medical Device Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 32. Rest of Europe: Medical Device Adhesives Market, by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 33. Rest of Europe: Wearable Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 34. Asia Pacific Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 35. Asia Pacific Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 36. Asia Pacific Wearable Medical Devices Market, Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 37. China Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 38. China Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 39. China Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 40. Japan Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 41. Japan Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 42. Japan Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 43. India Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 44. India Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 45. India Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 46. South Korea Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 47. South Korea Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 48. South Korea Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 49. Australia Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 50. Australia Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 51. Australia Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027 (USD Million)
Table 52. Rest of Asia Pacific Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 53. Rest of Asia Pacific Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 54. Rest of Asia Pacific Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 55. Middle East and Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 56. Middle East and Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 57. Middle East and Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 58. Saudi Arabia Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 59. Saudi Arabia Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 60. Saudi Arabia Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 61. UAE Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 62. UAE Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 63. UAE Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 64. South Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 65. South Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 66. South Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 67. Rest of Middle East and Africa Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 68. Rest of Middle East and Africa Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 69. Rest of Middle East and Africa Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 70. South and Central America Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 71. South and Central America Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 72. South and Central America Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 73. Brazil Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 74. Brazil Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 75. Brazil Medical Device Adhesive Market, by Wearable Medical Devices – Revenue and Forecast to 2027(USD Million)
Table 76. Argentina Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 77. Argentina Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 78. Argentina Wearable Medical Devices Market, Device Type – Revenue and Forecast to 2027(USD Million)
Table 79. Rest of South and Central America Medical Device Adhesive Market, by Resin Type– Revenue and Forecast to 2027 (USD Million)
Table 80. Rest of South and Central America Medical Device Adhesive Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 81. Rest of South and Central America Wearable Medical Devices Market, Device Type – Revenue and Forecast to 2027(USD Million)
Table 82. Organic Developments Done By Companies
Table 83. Inorganic Developments Done By Companies
Table 84. Glossary of Terms, Medical Adhesive and Sealants Market
LIST OF FIGURES
Figure 1. Medical Device Adhesives Market Segmentation
Figure 2. Medical Device Adhesives Market – By Geography
Figure 3. Global Medical Device Adhesives Market Overview
Figure 4. Acrylic Segment Held Largest Share of Medical Device Adhesives Market
Figure 5. Asia-Pacific to Show Remarkable Growth During Forecast Period
Figure 6. Global Medical Device Adhesives Market, By Geography (US$ Million)
Figure 7. Global Medical Device Adhesives Market – Leading Country Markets (US$ Million)
Figure 8. Global Medical Device Adhesives Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia-Pacific PEST Analysis
Figure 12. Middle East and Africa (MEA)PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Medical Device Adhesives Market Impact Analysis of Drivers and Restraint
Figure 15. Global Medical Device Adhesives Market – Revenue Forecast And Analysis – 2019- 2027
Figure 16. Global Medical Device Adhesives Market – By Geography Forecast and Analysis – 2019- 2027
Figure 17. Market Positioning of Key Players
Figure 18. Medical Device Adhesive Market Share, by Resin Type, 2019 and 2027 (%)
Figure 19. Acrylic: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 20. Silicone: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 21. Cyanoacrylate: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 22. Others: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 23. Light Curing: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 24. Epoxy: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 25. Medical Device Adhesive Market Share, by Device Type, 2019 and 2027 (%)
Figure 26. Catheters: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 27. Wearable Medical Devices: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 28. Smartwatches: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 29. Wristband and Activity Monitors: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 30. Patches: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 31. Smart Clothing: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 32. Needles and Syringes: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 33. Pacemaker: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 34. Tube Sets: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 35. Masks: Medical Device Adhesive Market– Revenue and Forecast to 2027 (US$ Million)
Figure 36. North America: Medical Device Adhesives Market, by Key Country – Revenue (2019) (USD Million)
Figure 37. North America: Medical Device Adhesives Market, Revenue and Forecast to 2027 (USD Million)
Figure 38. North America: Medical Device Adhesives Market, by Country, 2019 & 2027 (%)
Figure 39. US: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 40. Canada: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 41. Mexico: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 42. Europe: Medical Device Adhesives Market, by Key Country – Revenue (2019) (USD Million)
Figure 43. Europe: Medical Device Adhesives Market, Revenue and Forecast to 2027 (USD Million)
Figure 44. Europe: Medical Device Adhesives Market, by Country, 2019 & 2027 (%)
Figure 45. Germany: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 46. UK: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 47. France: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. Italy: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 49. Spain: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 50. Rest of Europe: Medical Device Adhesives Market – Revenue and Forecast to 2027 (USD Million)
Figure 51. Asia Pacific: Medical Device Adhesive Market, by Key Country – Revenue (2019) (USD Million)
Figure 52. Asia Pacific Medical Device Adhesive Market Revenue and Forecast to 2027 (USD Million)
Figure 53. Asia Pacific: Medical Device Adhesive Market, by Country, 2019 & 2027 (%)
Figure 54. China: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. Japan: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 56. India: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 57. South Korea: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 58. Australia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 59. Rest of Asia Pacific: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 60. Middle East & Africa: Medical Device Adhesive Market, by Key Country – Revenue (2019) (USD Million)
Figure 61. Middle East & Africa Medical Device Adhesive Market Revenue and Forecast to 2027 (USD Million)
Figure 62. Middle East & Africa: Medical Device Adhesive Market, by Country, 2018 & 2027 (%)
Figure 63. Saudi Arabia: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 64. UAE: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 65. South Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 66. Rest of Middle East and Africa: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 67. South and Central America: Medical Device Adhesive Market, by Key Country – Revenue (2019) (USD Million)
Figure 68. South and Central America Medical Device Adhesive Market Revenue and Forecast to 2027 (USD Million)
Figure 69. South and Central America: Medical Device Adhesive Market, by Country, 2019 & 2027 (%)
Figure 70. Brazil: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 71. Argentina: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 72. Rest of South and Central America: Medical Device Adhesive Market – Revenue and Forecast to 2027 (USD Million)
Figure 73. Impact of COVID-19 Pandemic on Medical Device Adhesive market in North American Countries
Figure 74. Impact of COVID-19 Pandemic on Medical Device Adhesive market in European Countries
Figure 75. Impact of COVID-19 Pandemic on Medical Device Adhesive market in Asia Pacific Countries
Figure 76. Impact of COVID-19 Pandemic on Medical Device Adhesive market in Rest of the World
Figure 77. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Medical Device Adhesives Market
- Dymax Corporation
- Henkel AG & COMPANY KGAA
- Epoxy Technology, Inc.
- Master Bond
- H.B. Fuller Company
- Adhesives Research
- INCURE INC.
- Permabond LLC
- 3M
- Dr. Hönle AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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