Medical Adhesive is a sticky essence applied on medicinal devices, paper or tape, equipment in order to give the required adhesion. The product is mainly used in many self-adhesive medical tapes and equipment. An adhesive is chosen based on its flow characteristics which play a vital role in its application & function. The product shows high adhesion & greater gas or moisture permeability which makes it appropriate for fixation and wound curing. It is classified in two types: natural and synthetic.
According to study, “Global Medical Adhesives Market Size Study, by Resin Type (Polyurethane, Epoxy, Cyanoacrylate, Acrylic Adhesive, Silicone), by Technology (Hot Melt, Water-Based, Solvent-Based, Others), by Application (Internal Medical Application, Medical device & Equipment, External Medical Application, Dental, Others), and Regional Forecasts, 2017-2025 (USD Billion/Million)” some of the major companies that are currently working in the global medical adhesives market are3M Company, H.B Fuller, GluStitch Inc Covidien Ltd., Henkel AG & Co. KGaA, Ethicon (Johnson & Johnson) LLC, Medline Industries Inc., Biocoral, Inc., GluStich, CryoLife Inc., Itac Ltd., Adhesion Biomedical, Meyer-HaakeGmbh, The DOW Chemical Company, Ashland, Gem Srl, Covidien Plc., Pinnacle Technologies, Chemence Ltd., Avery Dennison Corporation, Adhezion Biomedical, LLC, Baxter International Inc., Bostik Ltd., B. Braun Melsungen AG, Cohera Medical, Inc.The leading companies are heavily investing in development of innovative, new, biocompatible &biodegradable products with superior bonding ability, which may further increase the growth of the market.
Based on the resin type, the global medical adhesives market is segmented into natural resin and synthetic & semi-synthetic resin. Natural resin includes fibrin, cellulose, collagen, iysine, amino acid derivatives and albumin. Synthetic & semi-synthetic resin includes epoxy, polyurethane, cyanoacrylate, acrylic, polyethylene glycol and polyisobutylene. Based on product types, the market is alienated into chemical adhesives and biological adhesives. Based on formulating technology, market is alienated into solvent based technology, water based technology and solids & hot melt technology. Water based segment expected to dominate the product market due to non-toxic technology. Based on mode of application, market is defined as tissue bonding, wound closure, pressure sensitive tapes, drug delivery system, personal hygiene, dental and medical device & equipment.
The market of global medical adhesives is primarily driven by increasing aging population, followed by growing demand for internal & external medical device application, increasing prevalence of diseases and advances in medical procedure. Apart from advantages, some of the challenges include lack of awareness, high cost and lack of professional skills. In addition, higher purity and enhanced functionality are some of the biggest opportunities for market.
Asia Pacific is the top growing market of the global medical adhesive market. Growth of this regional market is mainly driven by growing public speculation in healthcare part mingled with the developing healthcare infrastructure. North America is intimately following Asia Pacific to be the second leading market. This is attributed the constant innovation in the field of medical adhesives & increasing consumption of convenient medical devices. Europe is also a major region in the global market due to regulatory mandates like Child Resistive Packaging (CRP), which force the manufactures of medicines to pack the goods in resistive package. It is probable that the global medical adhesive market will be grown fast due to increasing prevalence of diseases.
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Ankur Gupta, Head Marketing & Communications