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Medical Adhesives Market: Key Player Ethicon, Inc. (Johnson & Johnson Services) (US), Henkel AG & CO. KGAA (Germany), 3M Company (US)

Summary

Medical Adhesives Market is a professional and complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments, and geographical analysis. This market research report has been structured by thoroughly comprehending the specific requirements of the business. […]

Medical Adhesives Market is a professional and complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments, and geographical analysis. This market research report has been structured by thoroughly comprehending the specific requirements of the business. Further, for an unequivocal and better understanding of facts and figures, the data is symbolized in the form of graphs, tables, and charts. This Medical Adhesives Market document gives a list of key competitors with the required specifications and also provides the strategic insights and analysis of the key factors influencing the industry.

The key companies profiled in this report are Ethicon, Inc. (Johnson & Johnson Services) (US), Henkel AG & CO. KGAA (Germany), 3M Company (US), and Baxter International Inc. (US). The medical adhesives market is projected to grow from USD 7.6 billion in 2019 to USD 10.6 billion by 2024, at a CAGR of 6.8% between 2019 and 2024.

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The increasing use of single-use disposable medical products and the growth of the medical implantable devices market are driving the medical adhesives market. However, rising costs of healthcare facilities and low shelf-life of adhesives are expected to hamper the growth of the market.

Medical Adhesives Market by Natural Resin Type (Fibrin & Collagen), Synthetic & Semi-synthetic Resin (Acrylic, Silicone, Cyanoacrylate, PU, Epoxy), Technology, Application (Dental, Surgery, Medical Devices & Equipments), Region – Global Forecast to 2024

An excellent Medical Adhesives Market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware of the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to a particular product, and their varying tastes about the specific product already existing in the industry. Quality and transparency is strictly maintained while carrying out research studies to offer an exceptional market research report for a specific niche.

“Acrylic resin is estimated to have the largest share of the overall medical adhesives market during the forecast period.”

The acrylic resin segment accounts for the largest share of the medical adhesives market in the synthetic resin segment. Unlike other resins, acrylic offers high bonding strength without the need for surface preparation. Acrylic-based medical adhesives find use in medical device assembly, orthopedic surgeries, dental treatments, PSA, and other disposable medical products.

“The medical adhesives market projected to witness the highest CAGR in dental application during the forecast period.”

The dental segment is the fastest-growing application of medical adhesives. Dental adhesives provide retention to composite fillings or composite cement. These adhesives find use in pit & fissure sealants and dental restoration applications.

“North America is estimated to dominate the global medical adhesives market.”

North America accounted for a share of 38.0% of the global market, in terms of value, in 2018. The region is also projected to be the largest market between 2019 and 2024 due to the increase in demand for single-use disposable medical products and high growth in the medical implants market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the medical adhesives market, and information was gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Breakdown of Primary Interviews:

  • By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
  • By Designation: C Level – 30%, D Level – 20%, and Others – 50%
  • By Region: APAC – 30%, North America – 30%, Europe – 20%, South America- 10%,and the Middle East & Africa– 10%

Research Coverage:

This report provides detailed segmentation of the medical adhesives market based on resin type, technology, end-use industry, and region. Based on resin type, the medical adhesives market has been segmented into thermo set and thermoplastic. Based on technology, the market has been segmented into solvent-borne, 100% solids, and dispersion. Based on end-use industry, the market has been segmented into automotive & transportation, building & construction, packaging, footwear, industrial, and furniture & decoration. Based on region, the market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.

Key Benefits of Buying the Report

From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), market share analysis of top players, and company profiles.It discusses the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Medical Adhesives Market
4.2 Medical Adhesives Market, By Technology
4.3 APAC Medical Adhesives Market, By Application and Country
4.4 Medical Adhesives Market, By Key Countries
4.5 Medical Adhesives Market, Developed vs Developing Countries

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rise in Population, Income Level, and Health Awareness in Developing Regions
5.1.1.2 High Growth in the Medical Implants Market
5.1.1.3 Increase in Demand for Single-Use Disposable Medical Products
5.1.1.4 Increasing Number of Minimally Invasive Surgeries Encouraging the Use of Adhesives for Wound Closure
5.1.2 Restraints
5.1.2.1 Rising Costs of Healthcare Facilities
5.1.2.2 Low Shelf-Life of Adhesives
5.1.3 Opportunities
5.1.3.1 Growing Healthcare Industry in Emerging Regions
5.1.3.2 Advancement in Medical Device & Equipment
5.1.4 Challenges
5.1.4.1 Stringent Regulations and Lengthy Approval
5.1.4.2 Variations in Regulations Across Countries
5.2 Porter’s Five Forces Analysis
5.2.1 Intensity of Competitive Rivalry
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Threat of New Entrants
5.3 Macroeconomic Overview and Key Indicators
5.3.1 Global GDP Trends and Forecasts
5.3.1.1 US: Economic Outlook
5.3.1.2 Germany: Economic Outlook
5.3.1.3 China: Economic Outlook
5.3.1.4 India: Economic Outlook

6 Medical Adhesives Market, By Natural Resin Type
6.1 Introduction
6.2 Fibrin
6.2.1 Medical Applications of Fibrin-Based Adhesives
6.2.1.1 Dental Extraction and Oral Surgery
6.2.1.2 Orthopedic Operations
6.2.1.3 Circumcision
6.2.1.4 Traumatology
6.2.1.5 Cardiac Surgery
6.2.1.6 Thoracic Surgery
6.2.1.7 Vascular Surgery
6.2.1.8 Oncologic Surgery
6.2.1.9 Plastic Surgery
6.2.1.10 Neurosurgery
6.2.1.11 Ophthalmologic Surgery
6.2.2 Competition
6.3 Collagen
6.3.1 Sources of Medical-Grade Collagen
6.3.1.1 Animal-Derived Collagen
6.3.1.2 Human-Derived Collagen
6.3.1.3 Transgenically-Derived Collagen
6.3.1.4 Medical Applications of Collagen-Based Medical Adhesives
6.3.1.5 Competition
6.4 Others

7 Medical Adhesives Market, By Synthetic & Semi-Synthetic Resin Type
7.1 Introduction
7.2 Acrylic
7.2.1 Medical Applications of Acrylic-Based Adhesives
7.2.1.1 Medical Device Assembly
7.2.1.2 Medical Adhesive Tape
7.2.1.3 Orthopedic Surgery
7.2.1.4 Dental
7.2.1.5 Pressure Sensitive Adhesives
7.2.1.6 Other Medical Applications
7.3 Silicone
7.3.1 Medical Applications of Silicone-Based Adhesives
7.3.1.1 Pressure Sensitive Adhesives
7.3.1.2 Soft Skin Adhesives
7.4 Cyanoacrylate
7.4.1 Medical Applications of Cyanoacrylate-Based Adhesives
7.4.1.1 Topical Wound Closure
7.4.1.2 Other Major Applications
7.5 Epoxy
7.5.1 Medical Applications of Epoxy-Based Adhesives
7.5.1.1 Medical Device Applications
7.6 Polyurethane
7.6.1 Medical Applications of Polyurethane-Based Medical Adhesives
7.7 Others

8 Medical Adhesives Market, By Technology
8.1 Introduction
8.2 Water-Based
8.2.1 IT is the Broadly Used Technology for Medical Adhesives
8.3 Solvent-Based
8.3.1 This Segment of the Market is Losing Share Due to the Growing Trend of Solvent-Free Systems Driven By Stringent Environmental Regulations
8.4 Solids & Hot Melt-Based
8.4.1 Extremely Fast Rate of Bond Formation Offered By These Adhesives Leading to Higher Production Rates is Driving the Demand

9 Medical Adhesives Market, By Application

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