The medical adhesive and sealants market is expected to reach US$ 17,468.1 million in 2027 from US$ 9,867.9 million in 2019. The market is estimated to grow at a CAGR of 7.5% from 2020 to 2027.
Drug delivery systems are medical devices used to inject drugs or chemicals into the body. Some of the drug delivery systems available in the market include transmucosal, oral, pulmonary, injectable, topical, nasal, implantable, and ocular, among others. Drug delivery systems are primarily used for the controlled or targeted delivery of various therapeutic agents to treat various diseases or improve the patient health. The global medical adhesives and sealants market is driven by factors such as increasing number of medical implantation/transplantaion procedures being carried out and rising adoption of minimal invasive procedures. However, complications related to medical adhesives and sealants hamper the market growth. Additionally, future trends owing to increasing development in medical adhesive and sealant technologies are expected to propel the market during the forecast period.
Market Insights
Increasing Number of Medical Implant/Transplant Procedures
Medical adhesives and sealants (MAaS) are used as an aid to prevent blood loss during different surgical procedures such as cardiovascular surgeries, organ implants, and orthopedic procedures. The MAaS facilitates natural wound healing, prevents air and liquid leakages during and after surgical procedures and other applications. The adhesives and sealants are used as alternatives to surgical sutures and staples. The medical practitioners are increasingly adopting different types of such products, which, in turn, is projecting the demand for medical adhesives and sealants.
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For instance, organ transplant is among 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, bleeding, and others. The adhesives and sealants can help in preventing such complications. As per the Health Resources and Services Administration, a division of the US government, about 39,718 organ transplant procedures were performed in 2019. It was further stated that it was a new record high for the past seventh successive years.
Furthermore, the restorative dentistry procedures include dental implants, especially among geriatric population across the globe; however, a growing number of younger people are now opting for dental implantation procedures instead of bridges. Thus, such associated factors are expected to lead the market in the upcoming years.
Product Insights
Based on product, the medical adhesive and sealants market is segmented into synthetic and natural. The synthetic segment is further sub-segmented acrylic, silicone, cyanoacrylate, polyethylene glycol, and others. In 2019, the synthetic segment accounted for a larger market share of the market. The growth of the synthetic segment is attributed to versatility and high-quality performance by the synthetic adhesives over natural adhesives. Moreover, these adhesives can be modified as per the need and have better adhesion properties than the natural adhesives. These factors are projected to continue to drive the growth of the market for this segment during the forecast period.
Application Insights
Based on application, the companion animal diagnostics market is segmented into dental, internal, and external. The dental segment held the largest share of the market in 2019, and the internal segment is estimated to register the highest CAGR in during the forecast period.
The product launch and approval strategies are commonly adopted by companies to expand their global footprint and product portfolio to meet the growing consumer demand. The medical adhesives and sealants market players adopt the strategy of collaborations to enlarge customer base worldwide, which also permits them to maintain their brand name globally.
Medical Adhesives and Sealants Market Regional Insights
The regional trends and factors influencing the Medical Adhesives and Sealants Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Medical Adhesives and Sealants Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Medical Adhesives and Sealants Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 9.87 Billion |
Market Size by 2027 | US$ 17.47 Billion |
Global CAGR (2019 - 2027) | 7.5% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Medical Adhesives and Sealants Market Players Density: Understanding Its Impact on Business Dynamics
The Medical Adhesives and Sealants Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Medical Adhesives and Sealants Market are:
- 3M
- Adhesys Medical GMBH
- Glaxosmithkline Plc
- Closure Medical Corporation
- Henkel AG And CO. KGAA
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Medical Adhesives and Sealants Market top key players overview
Global Medical Adhesives and Sealants Market – By Product
- Synthetic
- Acrylic
- Silicone
- Cyanoacrylate
- Polyethylene Glycol
- Others
- Natural
- Collagen
- Fibrin
- Albumin
- Others
Global Medical Adhesives and Sealants Market – By Application
- Dental
- Denture Bonding
- Pit and Fissure Sealants
- Restorative Adhesives
- Luting Cements
- Orthodontic Bonding
- Tray Adhesives
- Dental Surgical Tissue Bonding
- Internal
- Bone
- Cardiovascular
- Cranial
- Pulmonary
- Abdominal
- Others
- External
- Tissue Bonding Agents
- Prosthesis Bonding Agents
- Others
Medical Adhesives and Sealants 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 and Africa
South and Central America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- 3M
- Adhesys Medical GMBH
- Glaxosmithkline Plc
- Closure Medical Corporation
- Henkel AG And CO. KGAA
- Mactac
- Dymax Corporation
- Ellsworth Adhesives
- Puritan Medical Products
- Dentsply Sirona
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application 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
The types of medical adhesives include latex, acrylates, polyurethane, hydrocolloids, and the newer silicone-based adhesives. The cost of the silicone medical adhesive for 15 cm strip from the 3M Shop for one patient is around USD 0.12.
The growth of the market is attributed to some key driving factors such as, increasing number of medical implant/transplant procedures and rising adoption of minimally invasive procedures. However, complication related medical adhesives and sealants is likely to hamper the market growth. Additionally, wide applications in medical devices and drug delivery systems is expected to influence the market growth in the forecast period.
Medical adhesive and sealants are used to inject drugs or chemicals into the body. Some of the medical adhesive and sealants available in the market include, transmucosal, oral, pulmonary, injectable, topical, nasal, implantable, and ocular among others. Medical adhesive and sealants are the technologies, primarily used for the controlled or targeted delivery of various therapeutic agents to treat various diseases or improve the health of the patients.
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The List of Companies - Medical Adhesive and Sealents Market
- 3M
- Adhesys Medical GMBH
- Glaxosmithkline Plc
- Closure Medical Corporation
- Henkel AG And CO. KGAA
- Mactac
- Dymax Corporation
- Ellsworth Adhesives
- Puritan Medical Products
- Dentsply Sirona.