2-Octyl Cyanoacrylate Adhesives Market Analysis
2-Octyl Cyanoacrylate Adhesives Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
The global 2-octyl cyanoacrylate adhesives market size is expected to witness potential gains in the future and register a significant CAGR of 7.1% over the forecast period (2019 - 2027).
2-Octyl cyanoacrylate is a cyanoacrylate ester and a wound adhesive approved by the U.S. Food and Drug Administration (FDA) for the closure of incised skin. It is sold under the brand name Dermabond for easily approximated wounds from surgical incisions or properly cleaned lacerations from trauma in areas that are dry and have minimal friction. 2-octyl cyanoacrylates offer stronger adhesion strength, increased wound-bursting strength, and better adhesive flexibility when compared with butyl cyanoacrylate adhesives. 2-Octyl cyanoacrylate adhesives are used in medical, veterinary, and first aid applications.
Major factor driving growth of the global 2-octyl cyanoacrylate adhesives market increasing number of abdominoplasty and mammoplasty cosmetic surgeries. Abdominoplasty and mammoplasty cosmetic surgeries require skin closure, which increases demand for-octyl cyanoacrylate adhesives. 2-octyl cyanoacrylate also has intrinsic anti-microbial activity against gram-positive and non-pseudomonas gram-negative bacteria, which is also expected to increase its demand from the healthcare industry.
Moreover, use of adhesives such as 2-octyl cyanoacrylate after surgery is cost effective and more convenient compared to conventional stitching of wounds. Use of adhesives also eliminates the need for anesthetics. These features are expected to drive the market growth.
However, use of 2-octyl cyanoacrylate is also associated with adverse reactions such as edema, erythema, and pain around the wound site. Moreover, there are several alternatives such as cyanoacrylic acid ester. There are certain restrictions in the use of 2-Octyl cyanoacrylate adhesives for wound closure. Deep wounds with broken skin edges and infected or crushed wounds fail to recover with the use of skin bonding adhesives. Skin in high tension and high friction areas, wounds developed from animal bites and open for over 12 hours are not effectively cured with the use of 2-octyl cyanoacrylate. These factors are expected to hinder growth of the market over the forecast period.
On the basis of region, the global 2-octyl cyanoacrylate adhesives market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the market, followed by Europe and Asia Pacific. The market in Asia Pacific is expected to account for significant market share, owing to high population and growing healthcare sector.
Major players operating in the global 2-octyl cyanoacrylate adhesives market include Johnson & Johnson, Ethicon, Inc., Adhezion Biomedical, Abott, Chemnence, and Medline.