Medical Adhesive and Sealant Market Demand Growth Analysi Forecast 2028 – The Insight Partners.
Posted by niket gore on July 21st, 2022
Medical Adhesive and Sealant market is expected to reach US$ 17,468.1 million in 2027 from US$ 9,867.9 million in 2019. It 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.
In recent years, medical adhesives and sealants have gained popularity, as well as found new applications in healthcare-related operations. The medical adhesives and sealants are used in wound management, medical devices, drug delivery stems, and other such applications. These products are used in medical devices during assembly, protecting the electronic parts such as connection joints and gaps in the components in the medical devices. The use of adhesives and sealants depends on the use of medical devices. Medical-grade sealants are widely used in the pharmaceutical and biotechnology industries to prevent the contamination of products and maintain pressure in isolators during the manufacturing processes. Furthermore, the medical-grade adhesives are used in pharmaceutical drug delivery systems such as transdermal drug delivery system (TDDS)—a type of controlled drug delivery system used to deliver drugs through the skin. It is beneficial to attain a prolonged therapeutic effect of the drugs. The medical adhesives play an important role in this type of drug delivery system as transdermal patches involves adhesives that help in adhering to the site of administration.
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Drug delivery systems are medical devices used to inject drugs or chemicals into the body. Some of the drug delivery systems available in the market include transmucosal, oral, pulmonary, injectable, topical, nasal, implantable, and ocular, among others. Drug delivery systems are primarily used for the controlled or targeted delivery of various therapeutic agents to treat various diseases or improve the patient health. The global medical adhesives and sealants market is driven by factors such as increasing number of medical implantation/transplantaion procedures being carried out and rising adoption of minimal invasive procedures. However, complications related to medical adhesives and sealants hamper the market growth. Additionally, future trends owing to increasing development in medical adhesive and sealant technologies are expected to propel the market during the forecast period.
Lucrative Regional Markets for Medical Adhesives and Sealants
Increasing Number of Medical Implant/Transplant Procedures
Medical adhesives and sealants (MAaS) are used as an aid to prevent blood loss during different surgical procedures such as cardiovascular surgeries, organ implants, and orthopedic procedures. The MAaS facilitates natural wound healing, prevents air and liquid leakages during and after surgical procedures and other applications. The adhesives and sealants are used as alternatives to surgical sutures and staples. The medical practitioners are increasingly adopting different types of such products, which, in turn, is projecting the demand for medical adhesives and sealants.
For instance, organ transplant is among the surgical producers that involve large incisions on the human body. Post-surgical wounds are sealed with the help of surgical sutures and staples; the wound needs to be healed fast to avoid post-operation complications such as wound infection, bleeding, and others. The adhesives and sealants can help in preventing such complications. As per the Health Resources and Services Administration, a division of the US government, about 39,718 organ transplant procedures were performed in 2019. It was further stated that it was a new record high for the past seventh successive years.
Furthermore, the restorative dentistry procedures include dental implants, especially among geriatric population across the globe; however, a growing number of younger people are now opting for dental implantation procedures instead of bridges. Thus, such associated factors are expected to lead the market in the upcoming years.
Based on product, the medical adhesive and sealantsmarket is segmented into synthetic and natural. The synthetic segment is further sub-segmented acrylic, silicone, cyanoacrylate, polyethylene glycol, and others. In 2019, the synthetic segment accounted for a larger market share of the market. 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 projected to continue to drive the growth of the market for this segment during the forecast period.
Global Medical Adhesives and Sealants Market, by Product – 2018 and 2027
Based on application, the companion animal diagnostics market is segmented into dental, internal, and external. The dental segment held the largest share of the market in 2019, and the internal segment is estimated to register the highest CAGR in during the forecast period.
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.
o Polyethylene Glycol
Global Medical Adhesives and Sealants Market – By Application
o Denture Bonding
o Pit and Fissure Sealants
o Restorative Adhesives
o Luting Cements
o Orthodontic Bonding
o Tray Adhesives
o Dental Surgical Tissue Bonding
o Tissue Bonding Agents
o Prosthesis Bonding Agents
Medical Adhesives and Sealants Market – By Geography
List of Companies:
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About the Authorniket gore
Joined: July 6th, 2022
Articles Posted: 421
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