Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Adhesive refers to a binding substance applied to the surface of materials to avoid separation. Adhesives are available in natural and synthetic forms. Sealants are available in the form of a viscous material with little or no flow.

Statistics:

The global medical adhesives and sealants market is estimated to account for US$ 19,232.3 Mn in terms of value by the end of 2027.

Global Medical Adhesives and Sealants Market: Drivers

Increasing number of surgeries is expected to propel growth of the global medical adhesives and sealants market over the forecast period. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.   

Statistics:

North America held dominant position in the global medical adhesives and sealants market in 2019, accounting for 38.5% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Medical Adhesives and Sealants Market Share (%) Value, By Region, 2019

Medical Adhesives and Sealants  | Coherent Market Insights

Global Medical Adhesives and Sealants Market: Restraints

Stringent regulations for medical grade products are expected to hinder growth of the market. The Food and Drug Administration (FDA) in the U.S., the European Medicines Agency (EMA) in Europe, the China Food and Drug Administration (CFDA) in China, and other government agencies administer requirements that include testing, safety, effectiveness, manufacturing, labeling, promotion and advertising, distribution and post-market surveillance. Even after a company obtains regulatory approval to market a product, the product and the company’s manufacturing processes and quality systems are subject to continual review by the FDA and other regulatory authorities globally.

Moreover, skin injury from medical adhesives can be a significant problem for elderly patients, young children, or patients with various dermatological conditions. Such scenario is also expected to hinder growth of the market.

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Medical Adhesives and Sealants Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 10,684.6 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.3% 2027 Value Projection: US$ 19,232.3 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type:
    • Synthetic: Acrylic, Cyanoacrylate, Silicone, Polyethylene glycol (PEG), Other synthetic.
    • Natural: Collagen, Fibrin, Albumin, Other natural.
  • By Application: Internal, External, Dental.
Companies covered:

Advanced Medical Solutions Group plc., Grifols, Ethicon Inc. (Johnson and Johnson), B. Braun Melsungen AG, 3M Company, CryoLife, Inc., Cyberbond LLC, Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic Plc.

Growth Drivers:
  • Increasing number of surgical procedures
  • Approval and launch of new products
Restraints & Challenges:
  • Product recall
  • Stringent regulation

Global Medical Adhesives and Sealants Market: Opportunities 

R&D of new adhesives is expected to offer lucrative opportunities for players in the global medical adhesives and sealants market. For instance, in June 2020, researchers from Federal University of Rio Grande do Sul, Brazil, reported formulation of dental adhesives with different concentrations of lithium niobate and to evaluate their physicochemical and antibacterial properties.

Moreover, manufacture of next-generation sealants and adhesive products that are more efficient and cost-effective is also expected to aid in growth of the market.

Statistics:

The global medical adhesives and sealants market was valued at US$ 10,684.6 Mn in 2019 and is forecast to reach a value of US$ 19,232.3 Mn by 2027 at a CAGR of 7.3% between 2020 and 2027.

Figure 2: Global Medical Adhesives and Sealants Market Value (US$ Mn), 2016 – 2027

Medical Adhesives and Sealants  | Coherent Market Insights

Market Trends/Key Takeaways

Development of bioinspired calcium phosphate cements is expected to aid in growth of the market. For instance, in December 2018, Researchers from Uppsala University and Stockholm University reported development of new class of bioinspired calcium phosphate cements that can glue tissues together and bond tissues to metallic and polymeric biomaterials.

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in December 2019, Grifols launched VISTASEAL, its first plasma-protein-based biosurgery solution.

Global Medical Adhesives and Sealants Market: Competitive Landscape

Major players operating in the global medical adhesives and sealants market include, Advanced Medical Solutions Group plc., Grifols, Ethicon Inc. (Johnson and Johnson), B. Braun Melsungen AG, 3M Company, CryoLife, Inc., Cyberbond LLC, Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic Plc.

Global Medical Adhesives and Sealants Market: Key Developments

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2019, Advanced Medical Solutions Group plc acquired Sealantis, an Israel-based medical device company with a patent-protected internal sealant technology platform.

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in December 2019, CryoLife, Inc. partnered with Misonix for commercialization of CryoLife's NeoPatch product for the treatment of various indications outside of cardiac and vascular surgery. 

Medical Adhesives and Sealants are of two type’s natural and synthetic forms. These are used to enhance the efficiency of various medical procedures such as dental, joint replacement surgeries including surgery and diagnostics. Major drivers responsible for the growth of the market during the forecast period constitute of new product approval/launch, increasing number of surgical procedures in developed and developing economies.

Key features of the study:

  • This report provides in-depth analysis of the Global Medical Adhesives and Sealants market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Medical Adhesives and Sealants market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Advanced Medical Solutions Group plc. , Grifols, Ethicon Inc. (Johnson and Johnson), B. Braun Melsungen AG, 3M Company, CryoLife, Inc., Cyberbond LLC, Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic Plc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Medical Adhesives and Sealants market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Medical Adhesives and Sealants market

Detailed Segmentation:

  • Global Medical Adhesives and Sealants Market, By Product Type:
    • Synthetic
      • Acrylic
      • Cyanoacrylate
      • Silicone
      • Polyethylene glycol (PEG)
      • Other synthetic
    • Natural
      • Collagen
      • Fibrin
      • Albumin
      • Other natural
  • Global Medical Adhesives and Sealants Market, By Application:
    • Internal
    • External
    • Dental
  • Global Medical Adhesives and Sealants Market, By Region:
    • North America
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Synthetic
          • Acrylic
          • Cyanoacrylate
          • Silicone
          • Polyethylene glycol (PEG)
          • Other synthetic
        • Natural
          • Collagen
          • Fibrin
          • Albumin
          • Other natural
      • By Application
        • Internal
        • External
        • Dental
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Advanced Medical Solutions Group plc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Grifols
    • Ethicon Inc. (Johnson and Johnson)
    • B. Braun Melsungen AG
    • 3M Company
    • CryoLife, Inc.
    • Cyberbond LLC
    • Baxter International Inc.
    • Bostik Ltd.
    • Henkel AG & Company
    • Medtronic Plc.
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
    • Impact of COVID19 on market
  4. Global Medical Adhesives and Sealants Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Synthetic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Acrylic
        • Cyanoacrylate
        • Silicone
        • Polyethylene glycol (PEG)
        • Other synthetic
    • Natural
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Collagen
        • Fibrin
        • Albumin
        • Other natural
  5. Global Medical Adhesives and Sealants Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Internal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • External
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dental
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Medical Adhesives and Sealants Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Advanced Medical Solutions Group plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Grifols
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ethicon Inc. (Johnson and Johnson)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • 3M Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • CryoLife, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cyberbond LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Baxter International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bostik Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Henkel AG & Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Medical Adhesives and Sealants Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Medical Adhesives and Sealants market size was valued at US$ 9,701.6 million in 2019 and is estimated to exhibit a CAGR of 7.3% between 2020 and 2027.
Natural segment held the major market share in 2019 owing increasing number of surgeries is expected to propel growth of the global Medical Adhesives and Sealants market over the forecast period.
Major factor driving the growth of Global Medical Adhesives and Sealants market during the forecast period increasing number of surgical procedures, new product launch, and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Medical Adhesives and Sealants market during the forecast period constitutes of stringent regulations.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Advanced Medical Solutions Group plc. Grifols, Ethicon Inc. (Johnson and Johnson), B. Braun Melsungen AG, 3M Company, CryoLife, Inc., Cyberbond LLC, Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic Plc.
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