According to the latest study on “Medical Adhesive and Sealant Market to 2027 – Covid-19 Impact and Global Analysis and Forecast – by Product and Application,” the market is expected to reach US$ 17,468.1 million by 2027 from US$ 9,867.9 million in 2019. The market is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The report provides trends prevailing in the global medical adhesive and sealants market, and the factors driving the market growth along with those hindering it.
Based on product, the global medical adhesive and sealants market is segmented into synthetic and natural segments. The synthetic segment held a larger share of the market in 2019; it is further estimated to register a higher CAGR in the market during the forecast period. The growth of the synthetic segment is attributed to versatility and high-quality performance by the synthetic adhesives over natural adhesives. Moreover, these adhesives can be modified as per the need and have better adhesion properties than the natural adhesives. These factors are likely to enhance the market growth of the segment during the forecast period. Based on application, the medical adhesive and sealants market is segmented into dental, internal, and external.
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Key factors driving the growth of the medical adhesive and sealants market are increasing number of medical implant/transplant procedures and rising adoption of minimally invasive procedures. Moreover, wide applications in medical devices and drug delivery systems are likely to have positive impact on the market in the coming years. However, complication related to medical adhesives and sealants restrict the market growth.
3M, Adhesys Medical GMBH, Glaxosmithkline Plc, Closure Medical Corporation, Henkel AG And CO. KGAA, Mactac, Dymax Corporation, Ellsworth Adhesives, Puritan Medical Products, and Dentsply Sirona are among the leading companies operating in the medical adhesive and sealants market.
The product launch and approval strategies are commonly adopted by companies to expand their global footprint and product portfolio to meet the growing consumer demand. The medical adhesives and sealants market players adopt the strategy of collaborations to enlarge customer base worldwide, which also permits them to maintain their brand name globally.
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Global Medical Adhesives and Sealants Market – By Product
Global Medical Adhesives and Sealants Market – By Application
Medical Adhesives and Sealants Market – By Geography
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