Global Medical Adhesives and Sealants market accounted for $9,867.90 million in 2019 and is expected to reach $20,545.14 million by 2027 growing at a CAGR of 9.6% during the forecast period.
Some of the key factors propelling market growth include an increasing number of surgical procedures in developed and developing economies, increasing aging population across the globe, increasing number of medical implantation/transplantation procedures being carried out, and rising adoption of minimal invasive procedures. However, stringent regulations associated with medical grade products coupled with lack of proper reimbursement policies for medical services are projected to hamper market growth during the forecast period.
Medical adhesives and sealants are chemical formulations that are safe for use in bonding applications during medical procedures. The use of adhesives and sealants in medical applications is relatively new except in joint implants and dentures.
By product, synthetic segment is anticipated to grow at a significant rate during the forecast period, due to the nature of healthcare needs, aging population, awareness and demand for advanced treatments and procedures. The use of these products is majorly dependent on the development of the overall healthcare market. Synthetic adhesives and sealants segment has undergone phenomenal development with respect to versatility, adhesive strength, life, biocompatibility, etc.
On the basis of geography, Asia-Pacific is ranked as the significant growing regional market during the forecast period, due to the rapid development of healthcare infrastructure, offshoring of auxiliary businesses by international players, and increased scale of medical tourism in the region. In addition, an 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.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
8 Global Medical Adhesives and Sealants Market, By Sales Channel 8.1 Introduction 8.2 Aftermarket 8.3 Manufacturer/Distributor/Service Provider
9 Global Medical Adhesives and Sealants Market, By End User 9.1 Introduction 9.2 Dental Care 9.3 Clinics 9.4 Hospitals 9.5 Ambulatory Surgical Centers
10 Global Medical Adhesives and Sealants Market, By Geography 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.2.3 Mexico 10.3 Europe 10.3.1 Germany 10.3.2 UK 10.3.3 Italy 10.3.4 France 10.3.5 Spain 10.3.6 Rest of Europe 10.4 Asia Pacific 10.4.1 Japan 10.4.2 China 10.4.3 India 10.4.4 Australia 10.4.5 New Zealand 10.4.6 South Korea 10.4.7 Rest of Asia Pacific 10.5 South America 10.5.1 Argentina 10.5.2 Brazil 10.5.3 Chile 10.5.4 Rest of South America 10.6 Middle East & Africa 10.6.1 Saudi Arabia 10.6.2 UAE 10.6.3 Qatar 10.6.4 South Africa 10.6.5 Rest of Middle East & Africa
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies
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