iCrowd Newswire – May 28, 2020
The global medical adhesive and sealants market is expected to reach US$ 17,468.1 million in 2027 from US$ 9,867.9 million in 2019. The market is estimated to grow at a CAGR of 7.5% from 2020 to 2027.
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.
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Leading companies operating in this research are 3M, Adhesys Medical GMBH, Glaxosmithkline Plc, Closure Medical Corporation, Henkel AG And CO. KGAA, Mactac, Dymax Corporation, Ellsworth Adhesives, Puritan Medical Products, and Dentsply Sirona.
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.
Based on product, the medical adhesive and sealants market 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.
Key factors driving the growth of the medical adhesive and sealants market are increasing number of medical implant/transplant procedures and rising adoption of minimally invasive procedures. Moreover, wide applications in medical devices and drug delivery systems are likely to have positive impact on the market in the coming years. However, complication related to medical adhesives and sealants restrict the market growth.
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.
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Keywords: Medical Adhesives and Sealants Market, Medical Adhesives