Global Medical Adhesives Market Size, Trends & Growth Opportunity, By FormulatioPosted by Namita Kirve on May 20th, 2021 The global medical adhesives market was valued at US$ 7101.1Mn and it is expected to reach at US$ 12240.7 Mn by 2027, growing at a CAGR of 24.0% over the forecast period.Medical adhesives are defined as the substances which are used in medical industry to seal wounds; affix any medical device such as a dressing or patch, tape to the skin; and fabricate components of medical devices. They are mainly used in the medical industry to close up the wounds, dressing or patch the skin, fix the medical device like tape, and others. The medical adhesives are used mainly in the surgical care. Also, medical adhesives are used for bone and enamel reconstruction during the surgeries. Dressing, patches, tapes, electrode, and ostomy supplies are the types of medical adhesives. These products are used by the medical professionals with appropriate techniques or else it may lead to infection or pain.As per the WHO (World Health Organization), the population is suffering from an epidemic of an unhealthy lifestyle. As per the information of WHO, cardiovascular diseases are directly linked to an unhealthy lifestyle. As a result, there is a sharp increase in the number of people which are afflicted with cardiovascular diseases. Further, the applications of the product in internal medical applications like heart surgeries are expanding. For instance, fibrin-based adhesives which act as a key bonding agent having a hemostatic effect are witnessing rapid growth in heart surgery.Impact of this driver is high over the forecast period Stringent regulations for medical grade products are expected to hamper growth of the medical adhesives market. The Food and Drug Administration (FDA) in the United State, China Food and Drug Administration (CFDA) in China, the European Medicines Agency (EMA) in Europe and other government agencies administer requirements which include testing, effectiveness, safety, manufacturing, labeling, promotion and advertising, distribution and post-market surveillance. This factor is expected hinder the market growth and its impact is high over the forecast periodAsia Pacific region is an attractive region for the global medical adhesive market. According to United Nations Populations Funds (UNFPA), Asia Pacific represents 60% of the global population. High growth rate of the already wide population base in APAC along with increasing healthcare spending in the region is the primary factors fuelling the product demand in Asia Pacific.The highly populated countries such as India, China in Asia Pacific region creates significant opportunities over the forecast period Get Request Sample Report: https://qualiketresearch.com/request-sample/Medical-Adhesives-Market/request-sample Market Key PlayersVarious key players are discussed in this report such as Henkel AG, Ethicon, Inc, 3M, Baxter International, Nitto Denko Corporation, B. Braun Melsungen AG, Scapa Group, Adhezion Biomedical, Chemence, Cryolife, Inc., etc. Market Taxonomy By Formulation
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