Europe Medical Device Adhesives Market to Grow at a CAGR of 7.0% to reach US$ 2,937.41 Million from 2020 to 2027

The Europe medical device adhesive market is expected to reach US$ 2,937.41 million by 2027 from US$ 1,723.16 million in 2019; it is estimated to grow at a CAGR of 7.0% 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 Europe.

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.

Medical adhesives and sealants are among the largely utilized consumables in the healthcare-related services. The adhesives are used in medical tapes, transdermal patches, medical devices assembling, and other applications. The key players in the market offer an excellent range of medical tapes as per the clinical applications. Further, in recent years there have been conduction of various international and national studies that address the toxicological evaluation of medical devices. Expedition of biocompatibility of medical devices has emerged as a mandatory parameter for manufacturers of medical device and their accessory solutions. The major manufacturing device companies such as Henkel AG & Company and others are now focused on the development of biocompatible and eco-friendly solutions in the recent years, owing to the advantages offered by these solutions and their role in preventing environment damage. Thus, introduction of biocompatible medical adhesives is likely to be a prevalent market trend in the coming years.

The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Various companies have undergone severe losses in the last quarter of 2019 and have negatively impacted the year 2020. Thus, the European companies are partnering with others to come up with solutions to deal with the pandemic. For instance, Permabond’s production facilities in Milan, are allowed to remain fully operational under the life-sustaining business due to its adhesives for medical devices and ventilators at this time, but also due to the many other essential industries that rely on the continuation of supply of its adhesives for their production and operations. The impact of the COVID-19 pandemic on the regional medical device adhesive market is moderate.

Rest of Europe Medical Device Adhesive Market, Revenue and Forecast to 2027 (US$ Mn)

EUROPE 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

• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe

Company Profiles

• 3M
• Henkel AG & COMPANY, KGAA
• Hönle AG
• H.B. Fuller Company
• Permabond LLC, Inc

Europe Medical Device Adhesives Market Report Scope