Medical Device Adhesive Market Global Analysis and Forecast 2028 – The Insight Partners.
the global medical device adhesive market is expected to reach US$ 11,759.07 million by 2028 from US$ 6,642.85 million in 2020; it is estimated to grow at a CAGR of 7.5% from 2022 to 2028. The report highlights the trends prevailing in the global medical device adhesive market, and the drivers and deterrents pertaining to its growth.
Advancements in electronics technologies are enabling medical electronic devices to facilitate faster diagnosis, new drug-based therapies and improve the quality of life of majority of patients suffering from various medical conditions. Majority of the medical device manufacturers use pressure sensitive adhesives (PSAs) for grounding, interconnects, and shielding applications. Medical device adhesives are highly versatile and useful in the field of medical science. Some of these adhesives are made up of softer materials such as cotton, whereas others are more elastic to support flexibility. The rising applications in which medical device adhesives are used is likely to support the growth of the market over the coming years.
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Medical Device Adhesives are ideal for array medical applications. These solutions range from a scope of Q-tip to an X-ray machine. The medical device adhesives are commonly used for bonding of plastics and metals. Some of the medical device adhesives require passing of biocompatibility testing for structural bonding of equipment. Some of the materials majorly used in formulation of these adhesives include cyanoacrylates, anaerobic, UV-curable and others. The market is segmented by resin type, device type, and geography. The growth of the market is attributed to some key driving factors such, increasing usage of medical device adhesives and technological advancements in medical device adhesives. However, complications associated with medical device adhesives are expected to obstruct the growth of the market to a certain extent during the forecast years.
Medical Device Adhesives are ideal for array medical applications. These solutions range from a scope of Q-tip to an X-ray machine. The medical device adhesives are commonly used for bonding of plastics and metals. Some of the medical device adhesives require passing of biocompatibility testing for structural bonding of equipment. Some of the materials majorly used in formulation of these adhesives include cyanoacrylates, anaerobics, UV-curable and others.
Continuous R&D studies are ongoing worldwide to gain a better understanding on creating high-end medical solutions for incorporating a wide range of medical devices in practical usage. Companies are investing in the development of innovative instruments to secure good return on investment (ROI). Additionally, the product approval by regulatory authorities confirms reliability and credibility of the new age medical device sealants and adhesives.
Recently, various market players have launched high-end and top-quality medical device adhesives in the market. For instance, in February 2019, 3M expanded its adhesive product line with the launch of new portfolio for wearable medical devices. 3M added 3M Extended Wear Medical Transfer Adhesive, 4075 in addition to its existing advanced adhesives for medical devices. In May 2019, Lohmann Technologies Medical Division introduced the DuploMED SUR 624000 surgical tape that was designed, developed, and tested for skin fixation applications. Further, in February 2019, DowDuPont launched a new soft skin adhesive for wearable medical devices at the Wearable Technologies Conference, 2019. Recently, in July 2020, Qosina partnered with H.B. Fuller, a medical adhesive manufacturer and introduced an off-the-shelf UV-curable cyanoacrylate adhesive for bonding medical device assemblies. These adhesives feature low bloom and low odor qualities with varying degrees of sheer, viscosity, and fixture time. The consistent launch of innovative products is expected to augment the growth of medical device adhesives market during the forecast years.
Based on resin type, the medical device adhesives market was segmented into acrylic, silicone, cyanoacrylates, polyurethane, light curing, and epoxy. In 2019, the acrylic segment accounted for the highest share in the market and is likely to retain its dominant share owing to the factors such as evident use of acrylic solutions in wide range of applications such as dental, assembly of medical devices and equipment
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Medical Device Adhesive Market, by Region, 2019 (%)
Source: The Insight Partners Analysis
The report segments the global medical device adhesive market as follows:
The report segments the global medical device adhesive market as follows:
· By Resin Type
Acrylic
Silicone
Cynoacrylates
Polyurethane
Light Curing
Epoxy
· By Device Type
Catheters
Wearable Medical Devices
Needles and Syringes
Pacemaker
Tube Sets
Masks
· By Geography
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
South Korea
Rest of APAC
Middle East and Africa (MEA)
South Africa
UAE
Saudi Arabia
Rest of MEA
South and Central America (SCAM)
Brazil
Argentina
The List of Companies - Medical Device Adhesives Market
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
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