Medical Adhesives Market is likely to emerge as one of the fastest growing verticals within the polymers and advanced materials space during 2021-2027. The market trends can be attributed to continuous technological improvements and expanding scope of medical-grade adhesives in new applications such as wound care, human tissue bonding, medical bonding and joining, medical device assembly, and drug delivery systems.
Medical adhesives are specialty formulations used for bonding and joining purposes in medical procedures. They find wide use in various types of surgeries, treatments, and dental applications. Adhesives have emerged as a crucial alternative to traditional sutures or staples. These formulations are made of naturally occurring materials like collagen or synthetic materials such as polyethylene glycol. Manufacturers are focusing on developing procedure-specific formulations which are ideal in situations where sutures and staples are difficult to employ.
Dental applications are expected to capture a fair share of medical adhesives industry by the end of 2027. Growth of the segment can be linked with the rising occurrence of various oral health problems such as tooth decay, gum disease, cavities, and others. Elderly individuals are more vulnerable to dental ailments. In the U.S. alone, more than 96% of adults aged 65 or more suffer from cavity, as per the CDC. Consequently, the presence of a large geriatric population base will certainly boost the demand for medical adhesives in dental applications.
In terms of the regional landscape, North America medical adhesives market could register substantial gains over 2021-2027, led by the increasing number of surgeries performed in the region. The occurrence of various chronic disorders and number of accidents have increased significantly over the years, leading to increased number of surgical procedures. Also, a large elderly population will positively influence the regional outlook. The number of adults aged 65 or more in the U.S. is estimated to reach 98 million by 2060, according to the U.S. Census. These factors will certainly open up promising opportunities for manufacturers and suppliers based in North America.
Henkel AG & Company, The 3M Company, Muller Sports Medicine, B. Braun Melsungen AG, Pinnacle Technologies, H.B Fuller (Cyberbond LLC), Medline Industries Inc., Chemence Ltd., GluStitch Inc., Adhezion Biomedical, Ethicon Inc. (Johnson & Johnson), Meyer-Haake Gmbh, Itac Ltd. (HD Sharman Group Ltd), and Cohera Medical, Inc. are some of the major companies in medical adhesives market. The industry is constantly witnessing new product innovations as manufacturers invest in research and development.
With the number of geriatric people with chronic diseases increasing, medical device manufactures require adhesive formulations that are both secure and gentle. Addressing this, 3M launched a new silicone adhesive, the 2484 3M Single Coated Medical Film Tape in April 2021 to offer improved strength, flexibility, and comfort. Citing another instance, in February 2021, Japan’s Toyochem had introduced a new range of polyurethane-based pressure sensitive adhesives. These adhesives are suitable for safe, low-trauma medical devices developed for individuals with sensitive skin.
The COVID-19 pandemic has had positive as well as negative impacts on the medical adhesives market so far. The had caused large-scale supply chain disruption leading to shortage of raw materials and supplies for new production. Due to lockdown restrictions and other measures to contain the spread of the virus, there was a decline in the number of surgical procedures, especially non-emergency surgeries such as cosmetic procedures.
However, the shortage of various medical devices, equipment, and supplies due to increasing hospital admissions saw various manufacturers ramp up production capacities of medical products to meet the growing market demand. Adhesives are also witnessing new use-cases in medical applications amid the COVID-19 pandemic. For example, in October 2020, 3M had devised a method to use an adhesive formulation to protect DNA samples during COVID-19 testing.
All in all, the medical adhesives industry is slated to witness an upward growth trend over 2021-2027 as new opportunities emerge across the healthcare sector.