The global medical adhesives market size is expected to reach USD 14.78 Billion in 2028 and register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by factors such as increasing utilization of medical adhesives for internal and external surgeries and rising demand for Personal Protection Equipment (PPE) and drug delivery devices globally. Medical adhesives such as cyanoacrylate are replacing sutures in external applications as these are single-component, catalyst-free adhesives, which are capable of bonding at room temperature within a few seconds. These adhesives require no external initiation and solely rely on the small amounts of adsorbed chemical and water on the surface of the tissue for healing. Recent advancements in medical adhesives is enabling deployment in newer applications such as for medical joining and bonding, including medical device assembly, bonding human tissue, wound care, and in drug delivery system applications. These factors are expected to continue to drive revenue growth of the market during the forecast period.
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Rising demand for telehealth solutions globally due to the COVID-19 pandemic, emergence of new and more infectious variants in countries across the globe, urgent need for safer and more efficient measures to reduce exposure, infection, and spread, as well as to provide more improved treatment and ensure positive outcomes among patients are other factors expected to boost market growth going ahead. Telehealth solutions help in improving clinical management and enhancing patient care. Rising need for pulse oximeters, wearable drug delivery systems, and other on-body remote patient monitoring solutions are driving demand for more durable medical adhesives.
Some Key Highlights From the Report
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For the purpose of this report, Reports and Data has segmented the global medical adhesives market based on resin type, technology, application, and region:
Resin Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
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