Global Medical Adhesives Market Analysis
The global medical adhesives market is on track to achieve a substantial growth trajectory, reaching USD 18.73 billion by 2032, up from USD 10.02 billion in 2023. This represents a compound annual growth rate (CAGR) of 7.19% from 2024 to 2032. This growth is driven by factors such as increasing surgical procedures, advancements in medical device technologies, expansion in the healthcare sector, and a rising incidence of chronic diseases.
Market Overview
Medical adhesives play a crucial role in modern healthcare by facilitating the bonding of tissues and securing medical devices. These adhesives come in various forms, including tapes, films, and liquids. They are vital in wound care, surgical procedures, and the attachment of medical devices. In wound care, adhesives are used to secure dressings, creating a sterile environment that promotes healing. Surgical adhesives, such as cyanoacrylates and fibrin glues, close incisions, reducing the need for sutures and minimizing scarring. Additionally, medical adhesives ensure that devices like catheters and monitoring sensors remain in place without causing skin irritation. Their versatility and efficacy make them indispensable, enhancing patient comfort, reducing infection risks, and improving clinical outcomes through secure and less invasive bonding solutions.
Key Drivers of the Medical Adhesives Market
Increasing Surgical Procedures: The growing number of surgical procedures globally is a significant driver for the medical adhesives market. As the population ages and chronic diseases requiring surgical intervention become more prevalent, the demand for advanced adhesives rises. These adhesives are extensively used for wound closure, tissue bonding, and device attachment in surgical settings. Compared to traditional sutures and staples, medical adhesives offer benefits such as reduced operation time, lower infection risk, and minimal scarring. Innovations in adhesive technology, including bio-compatible and biodegradable options, further enhance their application in complex surgeries. The ongoing adoption of minimally invasive surgical techniques also fuels the demand for reliable adhesive solutions.
Advancements in Medical Device Technologies: The rapid advancement of medical device technologies is significantly boosting the medical adhesives market. Modern devices, including wearable sensors, drug delivery systems, and diagnostic tools, require secure and reliable attachment methods. Medical adhesives provide a versatile solution for keeping these devices in place without causing discomfort or skin irritation. The development of specialized adhesives that are biocompatible and skin-friendly has expanded their use in the medical device sector. As the market for medical devices continues to innovate with more sophisticated, patient-centric products, the need for high-performance adhesives is expected to rise, supporting market growth.
Growth in the Healthcare Sector: The global expansion of the healthcare sector, driven by increased spending and improved access to medical services, is propelling the medical adhesives market. Investments in healthcare infrastructure, including the establishment of new hospitals, clinics, and research facilities, are increasing the demand for medical supplies, including adhesives. Additionally, the rise of telemedicine and home healthcare services has heightened the need for portable medical devices that rely on adhesives for secure operation. The overall growth in healthcare services ensures a steady demand for medical adhesives across various applications.
U.S. Medical Adhesives Market
The medical adhesives market in the United States is thriving, supported by advanced healthcare infrastructure, a high prevalence of chronic diseases, and a growing aging population. Innovations in medical device technologies and an increase in surgical procedures further drive demand. The market benefits from substantial investments in research and development, leading to the creation of superior biocompatible and durable adhesives. Additionally, the expansion of telemedicine and home healthcare services has increased the use of medical adhesives in wearable and portable devices. Government initiatives aimed at improving healthcare access also contribute to market growth. As a result, the U.S. remains a leader in the development and adoption of medical adhesives, enhancing patient care and supporting diverse medical applications.
Company Analysis
Leading companies in the medical adhesives industry include H.B. Fuller Company, Henkel AG Co. KGaA, Avery Dennison Corporation, Ashland Global Holdings Inc., The Dow Chemical Company, 3M Co., PPG Industries, and DuPont de Nemours Inc. These companies are key players in advancing adhesive technology and expanding market reach.
Recent Developments
December 2022: 3M Corporation introduced the 2480 3M Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner, enhancing its product lineup.
June 2022: Henkel AG Co. KGaA established an adhesive manufacturing facility in Mexico to broaden its regional presence and boost adhesive and sealant production capabilities.
July 2021: Baxter International acquired the PerClot Polysaccharide Hemostatic System from CryoLife, Inc. for up to USD 60.8 million, expanding its portfolio of medical adhesives.
Resin Type– Market breakup in 5 viewpoints:
- Arcylic
- Silicone
- Polyurethane
- Epoxy
- Others
Application– Market breakup in 5 viewpoints:
- Dental
- Medical Device Equipment
- External
- Internal
- Others
Technology– Market breakup in 5 viewpoints:
- Water-Based
- Solvent-Based
- Hot-Melt
- Reactive
- Others
Country – Market breakup of 25 Countries:
- North America
1.1 United States
1.2 Canada
- Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
- Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
- Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
- Middle East Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
- Rest of the world
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Product Portfolio
- Recent Development Strategies
- Revenue Analysis
Key Players Analysis:
- B. Fuller Company
- Henkel AG Co. KGaA
- Avery Dennison Corporation
- Ashland Global Holdings Inc.
- The Dow Chemical Company
- 3M Co
- PPG Industries
- Dupoint De Nemours Inc.