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Medical Adhesives and Sealants Market (Product - Synthetic, and Natural; Technology - Waterborne, Solvent-borne, and other; Application - Internal, Dental, and External): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : CM0143

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on medical adhesives and sealants market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical adhesives and sealants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical adhesives and sealants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global medical adhesives and sealants market. According to the report, the global medical adhesives and sealants market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

Medical adhesives and sealants are generally employed in medical practices for appliance bonding and surgical processes. The medical adhesives and sealants incorporate a varied range of fabrication materials, normally composed of synthetic and natural formulations. The medical adhesives and sealants have become an essential tool in a number of surgical specialties, comprising thoracic surgery, cardiovascular surgery, reconstructive, neurosurgery, and dental surgery. The usage of adhesives and sealants have proved to have positive surgical consequences such as reduced blood loss, reduced complications, and enhanced time to hemostasis. The effective management of tissue sealing and hemostasis management during surgical processes has a stimulus on the development of innovative products.

 

The increasing number of medical implantation/transplantation procedures being carried out and rising adoption of minimally invasive procedures are the factors responsible for the growth of the medical adhesives and sealants market. The adhesives and sealants are utilized as substitutes for surgical sutures and staples. The medical practitioners are progressively adopting different types of such products, which, in turn, are anticipated the growth in demand for medical adhesives and sealants. Moreover, the restorative dentistry procedures comprise dental implants, particularly among the geriatric population across the world; nevertheless, a rising number of younger people are now choosing dental implantation procedures instead of bridges. Consequently, such associated factors are projected to lead the market in the upcoming years. On the other hand, complications associated with medical adhesives and sealants hamper market growth. However, future trends due to increasing development in medical adhesive and sealant technologies are anticipated to boost the market during the forecast period. Additionally, the current concern over the spread of coronavirus is also expected to have a negative impact on the medical adhesive and sealants market. With social distancing being the primary way to condense the spread of infection and flatten the curve, governments across the world have encouraged controlling close contact, movement of people, and travel. The epidemic has affected the healthcare sector in manifold ways. Access to healthcare services remains harshly interrupted on two counts i.e. physician clinics and hospital out-patient departments remain shuts over worries of infection spread; and primary healthcare resources are being repurposed and attentive for the treatment of COVID-19 patients. Lack of proper PPE equipment is the single most significant factor responsible for the closure of physician offices and out-patient clinics treating non-COVID patients. Surgeons have therefore been unable to see new patients or deliver timely follow-up care for existing patients.

 

Among the geographies, the North America region is expected to hold the largest share in the global medical adhesives and sealants market owing to the high-quality healthcare and modern medical technology in the region. Moreover, the growing importance of surgical care in public health policies in the US is anticipated to positively contribute to the growth of the market. However, the Asia Pacific region is projected to grow with a considerable CAGR over the projection period. The on-going transformation of healthcare delivery systems into advanced value-based healthcare practices that create a sustainable health system is anticipated to contribute to the overall growth of the market over the projection period.

 

Segment Covered

The report on global medical adhesives and sealants market covers segments such as product, technology, and application. On the basis of product, the sub-markets include synthetic, and natural. On the basis of technology, the sub-markets include waterborne, solvent-borne, and other. On the basis of application, the sub-markets include internal, dental, and external.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Ethicon Inc., Covidien, B. Braun, Henkel AG & Company, Baxter International Inc., 3M, Adhesion Biomedical, Cohera Medical, Inc., H.B. Fuller, and CryoLife.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical adhesives and sealants market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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