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.
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 U.S. 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.
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.
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.
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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