Uploaded on Jul 19, 2021
The medical device adhesives market is expected to reach US$ 11,759.07 million in 2027 from US$ 6,642.85 million in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027.
Medical Device Adhesive Market Insight & Future Assessment for the Period – 2028
Medical Device Adhesive Market
Medical Device Adhesive Market Forecast
to 2027 - COVID-19 Impact and Global
Analysis by Resin Type (Acrylic, Silicone,
Cynoacrylates, Polyurethane, Light Curing,
Epoxy); Device Type (Catheters, Wearable
Medical Devices, Needles and Syringes,
Pacemaker, Tube Sets, Masks), and
Geography
Medical Device Adhesive Market
Current and future Market Scenario
The medical device adhesives market is expected to reach US$ 11,759.07 million in 2027 from US$ 6,642.85 million in
2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027.
Based on resin type, the medical device adhesive market is segmented into acrylic, silicone, cynoacrylates, polyurethane,
light curing, and epoxy. The acrylic segment held a larger share of the market in 2019 and is anticipated to register the
highest CAGR in the market during the forecast period. The rising healthcare spending and aging population worldwide
are fueling the demand for medical device adhesive market. Moreover, many market players operating in the market
provide acrylic adhesives for medical applications. For instance, Henkel offers solvent and water-based acrylic adhesives
for medical applications. Similarly, 3M offers Medical Permanent Acrylic Adhesives P1500 and P1510 that demonstrates
excellent peel and tack performance.
The growth of medical device adhesive market is also attributed to the increasing usage of medical device adhesives, and
technological advancements in medical device adhesives. However, lack of adoption in emerging economies is likely to
hamper the growth of the market during the forecast period
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
Key Findings
medical device adhesive market.
Market Insights
Increasing Usage of Medical Device Adhesives
Advancements in electronics technologies are enabling medical electronic devices to facilitate faster diagnosis and
offer new drug based therapies to improve the health condition of patients suffering from various health issues.
Medical device adhesives are highly versatile and useful in the field of medical science. Most of the medical device
manufacturers use pressure sensitive adhesives (PSAs) for grounding, interconnecting, and shielding applications.
Some of these adhesives are made up of softer materials such as cotton; whereas, others are more elastic to support
flexibility. The rising adoption of medical device adhesives in various applications is expected to support the market
growth in the coming years.
Key Findings
Device Type-Based Insights
Based on device type, the medical device adhesive 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.
Strategic Insights
The medical device adhesives market players such as 3M, Epoxy Technology Inc., Dymax Corporation, Master Bond,
Henkel AG & Co. KGaA have been adopting several organic and inorganic strategies to enhance their revenue and
market standings. For instance, in February 2020, Epoxy Technology Inc. announced the addition of two new MED line
adhesive products: MED-OG198-55 and MED-730-110 to its comprehensive line of medical device grade adhesives.
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Medical Device Adhesive Market
Market Segments
by Resin Type (Acrylic, Silicone, by Device Type (Catheters,
Cyanoacrylates, Polyurethane, Light Wearable Medical Devices,
Curing, Epoxy) Smartwatches, Wristband and
Activity Monitors, Patches, Smart
Clothing, Needles and Syringes,
Pacemaker, Tube Sets, Masks)
Dominating Segments
Medical Device Adhesives Market – by Geography
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Spain
Rest of Europe
Dominating Segments
Asia Pacific (APAC)
China
India
South Korea
Japan
Australia
Rest of Asia Pacific
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of Middle East &Africa
South and Central America
Brazil
Argentina
Rest of South and Central America
Medical Device Adhesive Market
Leading Players
Company Profiles in Medical Device Adhesive Market are:
Dymax Corporation
Henkel AG & COMPANY, KGAA
Epoxy Technology, Inc.
Master Bond
H.B. Fuller Company
Adhesives Research
INCURE INC.
Permabond LLC
3M
Dr. Hönle AG
REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
Medical Device Adhesive Market
Medical Device Adhesive Market
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https://www.theinsightpartners.com/reports/medical-device-adhesive-market/
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