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Increasing Usage of Medical Device Adhesives Drives Medical Device Adhesive Market Growth
According to our new market research study on “Medical Device Adhesive Market – Global Analysis and Forecast – by Resin Type, and Device Type,” the global medical device adhesive market is expected to reach US$ 11,759.07 million by 2027 from US$ 6,642.85 million in 2019; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The report highlights the trends prevailing in the global medical device adhesive market, and the drivers and deterrents pertaining to its growth.
Advancements in electronics technologies are enabling medical electronic devices to facilitate faster diagnosis, new drug-based therapies and improve the quality of life of majority of patients suffering from various medical conditions. Majority of the medical device manufacturers use pressure sensitive adhesives (PSAs) for grounding, interconnects, and shielding applications. Medical device adhesives are highly versatile and useful in the field of medical science. Some of these adhesives are made up of softer materials such as cotton, whereas others are more elastic to support flexibility. The rising applications in which medical device adhesives are used is likely to support the growth of the market over the coming years.
Based on device type, the market is segmented into catheters, wearable medical devices, needles and syringes, pacemaker, tube sets, and masks. The wearable medical devices segment is sub segmented into smartwatches, wristband and activity monitors, patches, and smart clothing. The catheters segment held the largest share of the market in 2019. However, the wearable medical devices segment is estimated to register the highest CAGR in the market during the forecast period. The growth of the wearable medical devices segment van be attributed to the rising health conscious population, increasing product launch and rising disposable income in developing countries.
Dymax Corporation, Henkel AG & COMPANY, KGAA, Epoxy Technology, Inc., Master Bond, H.B. Fuller Company, Adhesives Research, INCURE INC., Permabond LLC, 3M, and Dr. Hönle AG are among the prominent players operating in the medical device adhesive market.
The report segments the global medical device adhesive market as follows:
By Resin Type
By Device Type
By Geography
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