Uploaded on Jul 19, 2021
The medical device adhesives market is expected to reach US$ 11,759.07 million in 2027 from US$ 6,642.85 million in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027.
Medical Device Adhesive Market Insight & Future Assessment for the Period – 2028
Medical Device Adhesive Market Medical Device Adhesive Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Resin Type (Acrylic, Silicone, Cynoacrylates, Polyurethane, Light Curing, Epoxy); Device Type (Catheters, Wearable Medical Devices, Needles and Syringes, Pacemaker, Tube Sets, Masks), and Geography Medical Device Adhesive Market Current and future Market Scenario The medical device adhesives market is expected to reach US$ 11,759.07 million in 2027 from US$ 6,642.85 million in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027. Based on resin type, the medical device adhesive market is segmented into acrylic, silicone, cynoacrylates, polyurethane, light curing, and epoxy. The acrylic segment held a larger share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period. The rising healthcare spending and aging population worldwide are fueling the demand for medical device adhesive market. Moreover, many market players operating in the market provide acrylic adhesives for medical applications. For instance, Henkel offers solvent and water-based acrylic adhesives for medical applications. Similarly, 3M offers Medical Permanent Acrylic Adhesives P1500 and P1510 that demonstrates excellent peel and tack performance. The growth of medical device adhesive market is also attributed to the increasing usage of medical device adhesives, and technological advancements in medical device adhesives. However, lack of adoption in emerging economies is likely to hamper the growth of the market during the forecast period Dymax Corporation, Henkel AG & COMPANY, KGAA, Epoxy Technology, Inc., Master Bond, H.B. Fuller Company, Adhesives Research, INCURE INC., Permabond LLC, 3M, and Dr. Hönle AG are among the prominent players operating in the Key Findings medical device adhesive market. Market Insights Increasing Usage of Medical Device Adhesives Advancements in electronics technologies are enabling medical electronic devices to facilitate faster diagnosis and offer new drug based therapies to improve the health condition of patients suffering from various health issues. Medical device adhesives are highly versatile and useful in the field of medical science. Most of the medical device manufacturers use pressure sensitive adhesives (PSAs) for grounding, interconnecting, and shielding applications. Some of these adhesives are made up of softer materials such as cotton; whereas, others are more elastic to support flexibility. The rising adoption of medical device adhesives in various applications is expected to support the market growth in the coming years. Key Findings Device Type-Based Insights Based on device type, the medical device adhesive market is segmented into catheters, wearable medical devices, needles and syringes, pacemaker, tube sets, and masks. The wearable medical devices segment is sub segmented into smartwatches, wristband and activity monitors, patches, and smart clothing. The catheters segment held the largest share of the market in 2019. However, the wearable medical devices segment is estimated to register the highest CAGR in the market during the forecast period. Strategic Insights The medical device adhesives market players such as 3M, Epoxy Technology Inc., Dymax Corporation, Master Bond, Henkel AG & Co. KGaA have been adopting several organic and inorganic strategies to enhance their revenue and market standings. For instance, in February 2020, Epoxy Technology Inc. announced the addition of two new MED line adhesive products: MED-OG198-55 and MED-730-110 to its comprehensive line of medical device grade adhesives. Download PDF Brochure https://www.theinsightpartners.com/sample/TIPRE00003997/ Medical Device Adhesive Market Market Segments by Resin Type (Acrylic, Silicone, by Device Type (Catheters, Cyanoacrylates, Polyurethane, Light Wearable Medical Devices, Curing, Epoxy) Smartwatches, Wristband and Activity Monitors, Patches, Smart Clothing, Needles and Syringes, Pacemaker, Tube Sets, Masks) Dominating Segments Medical Device Adhesives Market – by Geography North America US Canada Mexico Europe France Germany Italy UK Spain Rest of Europe Dominating Segments 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 &Africa South and Central America Brazil Argentina Rest of South and Central America Medical Device Adhesive Market Leading Players Company Profiles in Medical Device Adhesive Market are: Dymax Corporation Henkel AG & COMPANY, KGAA Epoxy Technology, Inc. Master Bond H.B. Fuller Company Adhesives Research INCURE INC. Permabond LLC 3M Dr. Hönle AG REGIONAL FRAMEWORK REGIONAL FRAMEWORK Medical Device Adhesive Market Medical Device Adhesive Market Access Full Research Report at: https://www.theinsightpartners.com/reports/medical-device-adhesive-market/ Thank You! Thank You!
Comments