According to a market report by Lucintel, the future of the medical adhesive market looks promising with opportunities in the dental, medical device & equipment, internal and external medical applications. The medical adhesive market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing health consciousness of consumers and faster operating speed associated with the utilization of medical adhesives over traditional wound closure techniques, such as stiches.
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In this market, water-based, solvent-based, and solids & hot melt are the major formulating technologies used to cure adhesives.
Within the medical adhesive market, dental, medical device & equipment, internal medical applications, and external medical applications are the major application segments.
North America will remain the largest market over the forecast period due to technological advancements and the presence of the major market players in the region.
Ethicon (Johnson & Johnson), Covidien, B. Braun, Henkel AG & Company, GEM S.R.L., GluStitch, Baxter International Inc., Chemence, Adhesion Biomedical, and Cohera Medical, Inc. are among the major manufacturers of medical adhesives.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical adhesive market by natural resin type, synthetic & semi-synthetic resin type, formulating technology, application, and region. Lucintel has prepared a comprehensive research report entitled "Medical Adhesive Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the medical adhesive market by natural resin type, synthetic & semi-synthetic resin type, formulating technology, application, and region as follows:
By Natural Resin Type [$M shipment analysis for 2013 – 2024]:
By Synthetic & Semi-Synthetic Resin Type [$M shipment analysis for 2013 – 2024]:
Acrylic
Cyanoacrylate
Epoxy
Silicone
Polyurethane
Others
By Formulating Technology [$M shipment analysis for 2013 – 2024]:
Water-Based
Solvent-Based
Solids & Hot Melt
By Application [$M shipment analysis for 2013 – 2024]:
Dental
Medical Device & Equipment
Internal Medical Applications
External Medical Applications
Other
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-adhesive-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.