The global market of medical adhesives market is expected to have a CAGR of 9.81% during the forecast period 2016-2023. Global medical adhesives market is predicted to witness enhancement due to increasing number of geriatric consumers and rising demand for electronic and automotive applications. Increasing government regulations supporting better processes for decreasing carbon footprints are also expected to contribute to the enhancement of the medical adhesives market. This rising demand for packaging and labelling application is expected to aid the market growth over the coming years. However, unstable prices of petroleum based medical adhesive products and strict regulations against volatile organic compound emissions from solvent base adhesive impact the market growth. Lack of proper reimbursement policies regarding the use of synthetic grade medical product can also delay the expansion of the medical adhesive market. The aging population and advancement in medical process will extend the market growth of the medical adhesives in several areas, including implants, drug-delivery systems, and therapeutic devices. Enhanced functionality, non-evasiveness, higher purity, and time efficiency of these medical adhesives are likely to open new market for medical adhesive. The major factors driving the global medical adhesives market are:
- Rising usage by the end users
- Increasing number of geriatric consumers
- Increasing government regulations supporting better processes for reducing carbon footprints
- Further the major restrain of medical adhesives market is high cost.
Source: OBRC Analysis
On the basis of product, themedical adhesives market is categorized into:
- Natural Medical Adhesives
- Synthetic Medical Adhesives
Based on applications, the global market of medical adhesives is segmented into:
- Internal Dental Applications
- External Dental Applications
The revenue for the above applications and products segments are specific to the global medical adhesives market. However, the total revenue of these application and product in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product and application segment.
Geographically, the global medical adhesives market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America is the major consumer of medical adhesive whereas Asia-Pacific is expected to have the maximum CAGR. The countries such as Japan, China, and India are projected to lead the Asia-Pacific market of medical adhesives, whereas China is having the highest shares in the regional volumetric utilization of medical adhesives. The market level of medical adhesives is comparatively low in the ROW region, but the projected growth for the region is second largest after Asia-Pacific. Europe and North America are the active markets in terms of strategic initiatives, due to their rising market demand. The packaging application has led the fast growth in the medical adhesives market. Internal application dominated the market in 2016 and is expected to witness over average growth for the forecasted period 2016-2023.
The significant medical adhesives manufacturers are:
- BOSTIK LTD
- B. BRAUN MELSUNGEN AG
- HENKEL AG & COMPANY
- CRYOLIFE, INC.
- 3M COMPANY
- CHEMENCE LTD.
- CYBERBOND LLC
- OTHER
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
The major strategic initiatives taken by these key players are merger and acquisition, product launch, collaboration, and partnership. For example, Ethicon Inc., a medical device company from the family of Johnson & Johnson companies, on 14 April 2016 announced the completion of its acquisition of NeuWave Medical, Inc., a private medical device company which manufactures minimally invasive soft-tissue microwave ablation system. The acquisition is consistent with the Ethicon Inc Medical Devices strategy of advancing innovation and investing in areas of unmet medical required such as surgical oncology.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as product launch that is on November 2016, B.Barun launched Prontosan Wound Gel X.
- Provide in detail the different segments such as products and application which affect the global medical adhesives market.
- Provide you the patent analysis of global medical adhesives market.
- Identify and understand the strength, opportunities, challenges and threat of the medical adhesives market.
- Provide revenues of major players of the market such as Bostik Ltd and Baxter International Inc.
- Provide you various regulatory policies which affect the global medical adhesives market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global medical adhesives market offers the longest chain of market segmentation covering major market segmentation based on products and end applications.The report tracks the major market trends in the global medical adhesives market such as technological advancements, advanced dental procedures are replacing traditional procedures, as a result substantial growth in the use of medical adhesives have been noted. For each market segments covered in global medical adhesives market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the medical adhesives industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global medical adhesives market:
- Rising number of geriatric consumers and rising usage by end-users is fueling growth in global medical adhesives market.
- North America is anticipated to account the largest revenue share in 2016.
- Internal application segment is the dominating market due to
- Product launch is the key strategy adopted by the various market players of global medical adhesives market.