Medical adhesives are an important part of the healthcare industry. These are an integral component of a diverse range of medical products that include taps, dressings, electrodes, ostomy supplies, and patches. They can also help facilitate skin protection and healing and also allow non-invasive monitoring.
Any medical adhesive is defined as a product that is used to attach an external component (tape, dressing, electrode, patch, ostomy pouch, or dressing) to the skin. In some cases, there are selected tapes, dressings, and devices that can function as a medical adhesive.
With development happening globally, there is a lot of progress in the medical field including advancements in medical adhesive technologies. People are more aware about the kind of treatment options that are available in the market. Rising population means that more people will require access to better healthcare. This leads to various countries investing in research and development in the medical field. Such factors are going to directly influence the global medical adhesive market. The market size for global medical adhesives market is very significant and is expected to grow at a moderate CAGR over the forecast period, i.e. 2021-2028.
The global medical adhesive market is segmented based on application into internal application, external application, dental, and medical equipment. Out of these, the largest market share will be observed by internal medical application. With the introduction of new technology and effective innovations in surgical applications, there has been developments for environmentally friendly medical adhesives which are also biodegradable in nature, which in turn is anticipated to drive the growth of the internal medical application segment in the global medical adhesive market.
Our in-depth analysis of the global medical adhesive market includes the following segments:
By Product Type
North America has recently seen an increase in the number of patients who have significant knowledge about the healthcare industry. Understanding wound infection and common diseases have become a part of first-aid training. Apart from this, rapidly increasing geriatric population is being observed in the region. The geriatric population has a higher risk of developing chronic illnesses and thus requiring medical assistance. Such factors make North America one of the potential regions for medical adhesives among all other regions.
Europe has a technologically advanced healthcare industry. Therefore, the European market has witnessed excellent product innovations along with new product developments. Among Europeans, cardiovascular disease is responsible for a significant number of deaths. Uncontrollable bleeding during cardiovascular surgery is a major cause of mortality. The use of traditional methods like staples and sutures to seal wounds can cause further damage. In this case, medical adhesives play an important role in healing and repair without much risk. This is a significant factor that leads to the large consumption of the product across the European medical adhesive market.
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Author Credits: Radhika Gupta, Shivam Bhutani