Report Overview

The global medical adhesives market was valued at USD 11.87 billion in 2021. It is projected to reach USD 29.12 billion at 8.5% CAGR between 2023 and 2032. Market growth is expected to be driven by a faster operating speed due to medical adhesives instead of traditional wound closure techniques like stitches. This market report gives a detailed analysis of the medical adhesives market size, share, growth, key trends, market demand, major growth factors, and other key factors.

Global Medical Adhesives Services Market Scope:

Resin Analysis

Acrylics was the dominant market player, with a 44.8% revenue share in 2021. Acrylics are expected to continue their dominance in the future. Acrylics are used in various applications, including dental and medical equipment assembly. They are also used in external and internal medical applications, such as adhesives for skin tissue.

Silicon-based medical adhesives are in high demand because they can adhere to silicon and other hard-to-stick substrates. They are also resistant to extreme weather and can last longer than acrylics. They are used in medical tapes and other external applications. These resins are more expensive than other resins, which limits their adoption. Medical tapes are also the most common type of external application.

Epoxy adhesives have a superior cross-linking ability than other resins. Because they can bond to many substrates and fill large gaps, they are popularly used for deep-section potting medical components and needle assembly. They can also create access ports under patients’ skin that require multiple infusions.

Natural products include plasma & protein-based and collagen-based, as well as fibrin-based adhesives, fibrin, albumin-based adhesives, and chitosan-based. These resins are widely used in internal medical applications. They will likely be a major player in the market due to their biocompatibility, hemostatic effect and high penetration rate.

Technology Analysis

With a market share of 83.7%, reactive & other technologies, including one-component reactive (heat curing, moisture cure, and radiation cure), two-component reactive, and self-cure or dual-cure adhesives, dominated the market. Dual cure and light cure are the most popular technologies in dental applications. While adhesives for internal medical applications are bio-based, they are made from two components of reactive technology.

Hot melt technology doesn’t require drying like solvent-based or water technology and has excellent adhesion capabilities. This allows for faster growth by bonding hot melts to rough and smooth surfaces. Hot melts are also solvent-free and environment-friendly and can set quickly. Hot melts are preferable to water-based products in transdermal patches because they have strong adhesion over wet skin.

Water-based technology uses water as a carrier medium or diluting media. It is then allowed to set by evaporation or is absorbed by the substrate. These products are usually formulated as acrylic polymer emulsions dissolved in water. They are highly resistant to extreme environmental conditions and have excellent adhesion to polar substrates.

Organic solvents are used in solvent-based technology as a carrier medium or diluting medium, as well as to prepare surfaces and clean up. Due to worker safety regulations, rising crude oil prices, and the environment, the demand for solvent-based adhesives will slow down. High-performance medical adhesives are a key factor in the rise of solvent-based technology. They can be used as fast, accurate, and clean bonding solutions.

Application Analysis

In 2021, the market for medical adhesives was dominated by internal medical applications. In terms of revenue, it is expected to grow at the fastest rate of 8.6% between 2019 and 2025. Bioadhesives can be used in internal medical conditions and require direct contact with tissues, organs, and fluids. These products are used to reduce bleeding complications within the body.

Wound dressing, skin tissue adhesives, and transdermal patches are all external medical applications. Bandages, surgical drapes, and electrodes are also included. Due to limitations, adhesives in this category have replaced traditional closure methods like wires, sutures, and staples.

Dental applications use adhesive resins as well as self-adhesive materials. These resins act as glue to attach the casting to the tooth structure. These products are usually based on acrylic, diacrylate, or methyl acrylate polymers, combined with adhesive monomers with strong bonding abilities to metal substrates. To bond to metal, ceramic, or tooth substrates, they may need separate primers.

Medical devices and equipment use adhesives for anesthesia-mask bonds, hearing-aid moldings, needle assembly, polycarbonate components assembly (e.g., Heat exchangers, blood oxygenators, and surgical pumps), and bonding other medical devices. Their remarkable attributes include their substrate versatility, high thermal & chemical resistance, and high gap-filling.

Key Market Segments

Market is segmented on the basis of resin, technology and application.

Resin

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Other Resins

Technology

• Water based
• Solvent-based
• Hot melt
• Reactive
• Others

Application

• Dental
• Medical devices & equipment
• Internal medical application
• External medical application

Market Dynamics:

Market players are adopting cost-effective, superior solutions that are easy to use and maintain to be competitive with their peers. Technological innovations have resulted in the developing of biocompatible adhesives that are environment-friendly for surgical applications.

Today, medical adhesives are used in a variety of medical applications. These include medical device assembly and internal and external medical applications. Special cyanoacrylates are now replacing traditional stitching for closing skin wounds. These products offer the advantage of covering the entire wound. This reduces secondary bleeding and lowers the chance of infection.

According to the World Health Organization (WHO), the epidemic of unhealthy lifestyles is affecting the world’s population. A poor lifestyle is directly associated with cardiovascular disease, according to the WHO. The result is that there has been a significant increase in people suffering from cardiovascular disease. The product is also used in internal medical applications like heart surgery. The use of fibrin-based adhesives, which have a hemostatic effect and act as a key binding agent, is seeing rapid growth in heart surgery.

The increasing global elderly population also supports market growth. The global population of 60-year-olds or older was 962 million according to United Nations estimates in 2017. The United Nations projects that the number of people over 60 will double by 2050 to reach 2.1 billion. The elderly are more vulnerable to many diseases than the younger generation. This will likely create an opportunity for market growth in the future.

The most important raw materials used to manufacture medical adhesives are resins such as acrylic or silicone. The costs of raw materials have experienced an increasing trend over the last decade.

Regional Analysis

Asia Pacific will be the fastest-growing regional market during the forecast period. This region is characterized by a large population, growing healthcare awareness, and higher rates of wound infections. The region has a high number of diabetic patients, which is likely to be a contributing factor in the growth of the medical adhesives industry.

According to the United Nations, Asia Pacific is home to 60% of the world’s population. Asia Pacific also has a large number of diabetics. According to statistics from Asian Diabetes Prevention Initiative, approximately 60% of diabetes cases worldwide are from Asia. There is also increasing awareness about diabetes in the region. In the future, this will increase the demand for medical adhesive products like transdermal insulin patches.

Indian Brand Equity Foundation (IBEF), in 2017, forecasted that India’s healthcare market would reach US$ 372 Billion by 2022. India’s hospital industry is expected to grow at 17%, reaching US$ 8.6 trillion by 2022, from US$ 4 trillion in 2017. The future growth of healthcare services is expected to be driven by rising health and preventive care awareness, rising incomes, and increasing insurance access.

These positive developments in India’s healthcare sector are expected to drive the medical adhesives market. India’s rising public healthcare expenditures are expected to increase the demand for medical adhesives. According to the 2022 Economic Survey, this was 2.1% of FY2021-22 compared with 1.8% in the previous year.

The government is expected to support India’s healthcare sector with supportive policies, which will influence the growth of medical adhesives. Ayushman Bharata, a scheme that provides support for families with low incomes and vulnerable people, covers INR 55,000 per family for secondary and tertiary hospitalization. Rising support for government policies is also expected to help promote the health sector in India and, consequently, influence the medical adhesives market growth.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The presence and diversity of large and small players characterize global medical adhesives markets. 3M, Baxter International, and Stryker are the major market players. Dentsply is Stryker, Stryker, Stryker, Stryker, Bostik SA, H.B. Fuller Company and Henkel AG & Co. KGaA, B. Braun and others. The market is extremely competitive, and players seek to increase their market share through strategic initiatives like new product development, mergers & acquisitions, and other such activities.

Major players in the industry are known to adopt new product development strategies. Baxter International, a leader in surgical adhesives manufacturing, introduced new designs in April 2017 to improve its FLOSEAL and TISSEEL hemostatic product lines.

The market leader in Medical Adhesives Services are as follows,

Market Key Players:

• 3M
• Baxter International
• Stryker
• Dentsply
• Bostik SA
• B. Fuller Company
• Henkel AG & Co. KGaA
• Braun
• Baxter International Inc.
• Chemence Medical Inc.
• Cohera Medical Inc.
• Heartland Adhesives
• Other Key Players