Growing Prevalence of Medical Conditions Propel Medical Adhesives Demand

The medical adhesives industry is projected to rise in the coming years, led by population explosion, rising per capita income, increasing healthcare expenditure in emerging economies, and growing demand for medical equipment and products.  

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Under the resin segment, the natural category captures the extensive industry, ascribed to the wide usage of natural adhesives in surgical procedures for binding and sealing tissues and acquiring hemostasis. Such adhesives are used in orthopedic operations, traumatology, dental extraction, circumcision, and oral surgery.  

 

Under the technology segment, the water-based category is predicted to reflect the fastest growth in the medical adhesives market. It is ascribed to beneficial properties of the water-based medical adhesives, such as good breathability provision, fast-tackiness, and good anchorage to cloth face stocks. Such features include high resistance to water, moisture, and sustainability. 

 

Under the application segment, the internal medical application captures the significant revenue of the industry. It is led by the rising application of bio-adhesives for internal medical purposes.  

 

In addition, bio-adhesives are massively used in intracorporal conditions. Internal medical applications need direct contact with tissues, organs, and bodily fluids to decrease the bleeding complications in the human body.  

 

The growing prevalence of medical conditions needs cutting of the flesh to access the internal organs, and thus the medical adhesives requirement will grow in such applications in the near future.  

 

North America captures the largest industry share, led by massive demand, increased purchasing power, and innovation opportunity in the healthcare sector. The government administered and funded programs such as Medicare, Medicaid, health insurance programs for children contribute 60% to 65% to the whole healthcare expenses and provision. Therefore, it plays a significant role in the industry propulsion.  

 

Such initiatives of the government boost the medical devices and equipment demand, such as PPE products, needles, syringes, thermometers, and other medical supplies. Such programs have generated a massive demand for adhesive products used in the healthcare industry.  

 

APAC is projected to reflect the fastest growth in the industry, ascribing to the massive population, various government initiatives, the presence of the small, medium, and large medical product manufacturing facilities in some countries, and rising healthcare expenditure in the region.  

 

The growing demand for bio-adhesives for implants, internal medical treatment, and wound healing in the medical sector propels industry growth. Such adhesives are developed by biological monomers, such as sugars, and synthetic materials, and create adherence to the biological tissues.  

 

Doctors utilize conventional stitches for wound closure. They cause pain in the removal and leave dark spots on the skin. Therefore, skin adhesives are introduced in the industry to avoid such problems, which facilitates a secure topical skin closure system to provide protection and strength to close the wound.  

 

The major companies operating in the industry are Henkel AG & Co. KGaA, Master Bond Inc., The Dow Chemical Company, 3M Company, Cryolife Inc., Baxter International Inc., Ashland Global Holdings Inc., and Avery Dennis Corporation.  

 

Therefore, the wide adoption of medical adhesives is led by their ability to replace painful conventional stitches for wound closure.  

SOURCE: P&S Intelligence