Global Medical Adhesives Market Report and Forecast 2024-2032

Global Medical Adhesives Market Size

The global medical adhesives market was valued at USD 11 billion in 2023, driven by the increasing geriatric population and rising demand for surgical procedures across the globe. The market is expected to grow at a CAGR of 7.5% during the forecast period of 2024-2032, with the values likely to reach USD 21.08 billion by 2032.

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Global Medical Adhesives Market Outlook

• The demand for medical adhesives is increasing, owing to the rise in cosmetic and plastic surgeries with increasing consciousness around appearance and advancements in cosmetic and plastic surgery techniques.

• One of the major market trends is the growing awareness among healthcare professionals and patients regarding the benefits of medical adhesives, such as reduced surgical time, improved wound healing, and better cosmetic outcomes.

• The external medical application segment is experiencing significant growth driven by the continuous advancements in medical adhesives, such as the development of bio-adhesives and tissue adhesives with improved properties like biocompatibility, flexibility, and strength.

Global Medical Adhesives Market Overview

Medical adhesive refer to a substance or material used to bond or seal tissues, wounds, or medical devices in various healthcare applications. These adhesives are specifically formulated and manufactured to meet stringent requirements for biocompatibility, sterility, and safety in medical settings. They play a crucial role in surgical procedures, wound closure, tissue engineering, and medical device assembly.

Due to increased demand for remote patient monitoring services and equipment such as pulse oximeters and wearable drug delivery systems, telehealth solutions gained traction rapidly during the pandemic. This also boosted the demand for durable medical adhesives in the region. The trend is expected to continue, owing to the increasing viability of this approach, the convenience it provides, and the growing number of elderly people who are confined to home treatment settings due the pandemic. Other factors influencing the demand of medical adhesives include disruptions in footfall to hospitals and clinics, and the benefits that have arisen since these services have been deployed.

Global Medical Adhesives Market Growth Drivers

Increase in Road Accidents Boosts Market Growth

The increasing geriatric population and rising number of road accidents are the primary factors driving the growth of the medical adhesives market. Closing wounds to prevent the spread of infections is crucial. Medical adhesives are widely used in road accident associated surgeries. Road traffic crashes account for approximately 1.19 million deaths each year. Recent data by WHO (World Health Organization) reveals that road traffic injuries are currently estimated to be the 8th leading cause of death across all age groups globally and are predicted to become the 7th leading cause of deaths by 2030.

Increasing Aging Population and Chronic Diseases

The global population is aging rapidly, leading to a higher prevalence of chronic diseases that require medical interventions. As a result, there's a growing demand for surgeries and medical procedures where medical adhesives are essential. According to the World Health Organization (WHO), the global population aged 60 years and older is expected to double by 2050, reaching nearly 2.1 billion. This demographic shift is expected to significantly increase the demand for medical adhesives for wound closure, tissue bonding, and sealing in surgical procedures among the elderly population.

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Global Medical Adhesives Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Medical Adhesives Market Segmentation

Market Breakup by Resin Type
         

• Synthetic Resins
  • Acrylic
  • Epoxy
  • Silicone
  • Polyurethane
  • Others

• Non-Synthetic Resins
  • Fibrin
  • Collagen
  • Others

Market Breakup by Technology
         

• Water Based

• Solvent-Based

• Hot Melts

• Others

Market Breakup by Application
     

• Dental

• Medical Devices and Equipment

• Internal Medical Application

• External Medical Application

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Medical Adhesives Market Share

Market Segmentation Based on Resin Type is Anticipated to Witness Substantial Growth

By resin type, the market is segmented into synthetic resins and non-synthetic resins. Synthetic resins are further divided into acrylic, epoxy, silicone, polyurethane, and others while non-synthetic resins include fibrin, and collagen among others. Medical adhesives are increasingly employed in the healthcare sector for patients with surgery who require quality medical assistance for wound care post-surgery. The synthetic resins segment is experiencing significant growth driven by the various clinical qualities like biocompatibility, bond strength, flexibility, fast curing time, water resistance, and versatility. Medical adhesives play a critical role in these procedures by facilitating tissue approximation and sealing without the need for traditional sutures, contributing to the growth of the market.

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Global Medical Adhesives Market Analysis by Region

Based on regions, the market report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is dominating the market share due to the rising burden of chronic diseases, an aging population base, and the presence of an advanced healthcare infrastructure. Further, the increasing technological advancements in medical adhesives, heightened awareness surrounding cometic and plastic surgery, and the surge in the adoption of medical adhesives for better results are some of the factors supporting the market growth.

Europe also holds a high medical adhesives market value driven by increasing investments in healthcare technologies and greater access to advanced medical devices. Additionally, Asia Pacific is expected to witness substantial market growth fueled by the growing patient pool and the increasing recognition of medical adhesive benefits. Increased government initiatives to improve healthcare services and the rising disposable income is poised to boost the region’s market share.

Leading Players in the Global Medical Adhesives Market

The key features of the market report include patent analysis and strategic initiatives that provide insights into partnerships, and collaborations by the leading players. The major companies in the market are as follows:

Baxter International Inc.

This global medical technology company develops, manufactures, and markets products for medical and pharmaceutical applications. While Baxter is not primarily known as a medical adhesive manufacturer, it does offer a range of medical adhesive products as part of its broader portfolio of medical devices and pharmaceuticals.

Medtronic plc

Headquartered in Dublin, Ireland, it is one of the world's largest medical technology companies which is offering a wide range of products and therapies to improve patient outcomes and enhance healthcare delivery. Medtronic holds a significant presence in the medical adhesive sector along with its broader portfolio of medical devices and technologies.

Other key players in the market include Henkel AG & Co. KGaA, The Dow Chemical Company, Minnesota Mining and Manufacturing Company, Chemence Medical, Inc., Ethicon, B BRAUN, Ashland and Vivostat among others.

Key Highlights of the Report

Key Questions Answered in the Global Medical Adhesives Market Report

• What was the global medical adhesives market value in 2023?
• What is the global medical adhesives market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is the market breakup based on technology?
• What resin types are involved in medical adhesives?
• What is the market segmentation based on application?
• What are the major factors aiding the global medical adhesives market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the major trends influencing the market? 
• What are the key drivers, opportunities, and restraints in the market? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How does the rise in the geriatric population impact the market size?
• How do the technological innovations in medical adhesives affect the market landscape?
• Which application area is expected to have a high market value in the coming years?
• Who are the key players involved in the global medical adhesives market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?