This report on medical adhesives and sealants market gives a comprehensive assessment of the industry on products, applications, end-use and regional levels. The study offers market size and forecast (USD Mn) of its component segments for the period 2014-2023, with respective CAGRs (value %) for the period 2016-2023, while considering 2015 as the base year. Market assessment factors such as drivers, challenges and future prospects, and major commercial events are discussed in this report for evaluation of the overall market trends.
This report offers a critical interpretation of the medical adhesives and sealants market by categorizing this market-based in products, applications, end use and regional distribution. Market environment factors such as drivers, challenges and future prospects, and major commercial events are provided in the report to provide the readers a comprehensive view of the overall market trends. Tools such as attractive investment proposition, competitive analysis and Porter’s Five Forces analysis are also included in the report for competitive assessment of the market.
The market segmentation of the global medical adhesives and sealants market in terms of products include synthetic (acrylic, silicone, cyanoacrylate, polyethylene glycol and others) and natural (collagen, fibrin, albumin and others) adhesives and sealants. The application areas comprise of Dental (denture bonding, pit & fissure sealants, restorative adhesives, luting cements, orthodontic bonding, tray adhesives, dental surgical tissue bonding), internal (bone, cardiovascular, cranial, pulmonary, abdominal and others) and external (tissue bonding, prosthesis bonding, and others) applications. General surgical care, dental care and others form the end-user level distribution of this market.
The market size and forecast for the period 2014-2023 along with the CAGRs for the period 2016-2023 for the mentioned segments are also presented in this study.
Synthetic medical adhesives and sealants hold a larger share of the overall market in 2015. The use of these products is majorly dependent on the development of the overall healthcare market. Secondary forces such as nature of healthcare needs, aging population, awareness and demand for advanced treatments and procedures also determine the growth of this market to a significant extent. Synthetic adhesives and sealants segment has undergone phenomenal development with respect to versatility, adhesive strength, life, biocompatibility, etc. The advent of bioresorbable adhesives has revolutionized this market and expanded their usage in internal surgical procedures. Further development in the field of regenerative medicine is anticipated to give a boost to medical adhesives and sealants market towards introduction of novel smart-engineered materials.
Internal applications is anticipated to be the largest segment through the forecast period. On the other hand, dental care segment will demonstrate above average growth through 2023. Phenomenal growth in the number and nature of dental procedures being performed worldwide and their future prospects in aesthetics are the major factors that determine the growth of this segment. Use of pit and fissure sealants is expected to continue experiencing high demand attributed buy their usefulness in cavity prevention. High demand for cosmetic procedures such as facial reconstruction, restoration, smile construction and others will lead to addition to demand for bonding products. Following the trend of decline in incidence of cavities, it is anticipated that the rate of root canal procedures will continue to drop, thus individuals are likely to retain their natural teeth. Consequently, the demand for products such as restorative adhesives and denture bonding material will be limited.
North America and Europe together take over 60% of the global market share in 2015. United states represent the largest country level market and it is anticipated that the country will retain its dominance through 2023. Technological development, growth in number of dental, vascular, cardiac and pulmonary procedures determine the country’s dominance in the global market. On the other hand, Asia-Pacific is ranked as the fastest growing regional market during the forecast period. Rapid development of healthcare infrastructure, offshoring of auxiliary businesses by international players, and increased scale of medical tourism in the region play a vital role in contributing to the growth of Asia-Pacific medical adhesives and sealants market. In addition, increase in the number of surgical procedures being performed also has led to the growth in demand for medical adhesives and sealants in the region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Medical Adhesives And Sealants market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Products
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Applications
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End-Users
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report