Medical Adhesives and Sealants Market Expected to Grow Steadily 2021-2028 | Advanced Medical Solutions Group plc.,


Medical adhesives and sealants

The global medical adhesives and sealants market is expected to represent US $ 19,232.3 million in value terms by the end of 2027.

SEATTLE, WASHINGTON, UNITED STATES, December 16, 2021 /EINPresswire.com/ — Global Medical Adhesives and Sealants Market

Medical adhesives are materials used in the medical industry. There is a wide variety of adhesives to choose from for each procedure, such as those used for nose and ear piercing, incision applications, sutures, and even bandages. Medical adhesives are also used in skin care. They are also used in dental and cosmetic surgery by helping to maintain tissue after surgical procedures.

Recent DEVELOPMENTS:

The major players in the global medical adhesives and sealants market are focused on launching new products to expand their product portfolio. For example, in December 2019, Grifols launched VISTASEAL, its first plasma protein-based biosurgery solution.

The major players in the global medical adhesives and sealants market are also focusing on adopting partnership strategies to expand their product portfolio. For example, in December 2019, CryoLife, Inc. partnered with Misonix to market CryoLife’s NeoPatch product for the treatment of various indications outside of cardiac and vascular surgery.

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𝐍𝐨𝐰 𝐓𝐨 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐭𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏

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Global Medical Adhesives and Sealants Market: Drivers

The approval and launch of new products is expected to propel the growth of the global medical adhesives and sealants market during the forecast period. For example, in January 2020, Polyganics received CE marking for LIQOSEAL, its innovative and easy-to-use dural sealant patch.

In addition, the development of bio-inspired calcium phosphate cements is also expected to contribute to the growth of the global medical adhesives and sealants market. For example, in December 2018, researchers at Uppsala University and Stockholm University reported the development of a new class of bioinspired calcium phosphate cements that can bond tissues together and bind tissues to them. metallic biomaterials and polymers.

Global Medical Adhesives and Sealants Market: Opportunities

The R&D of new adhesives is expected to provide lucrative opportunities for players in the global medical adhesives and sealants market. For example, in May 2021, PBC Biomed, an Irish medical device company, announced that it would lead a consortium made up of Biodesign Europe and the SFI Research Center for Advanced Manufacturing (I-Form) at Dublin City University and Dolmen. Design & Innovation, a Dublin-based product design company, in the development of a bone adhesive for the treatment of osteoporotic fractures.

Market trends:

North America held a dominant position in the global medical adhesives and sealants market in 2019, accounting for 38.5% of the volume share, followed by Europe and Asia-Pacific respectively. The growth of the region is attributed to the increase in the geriatric population in the region. For example, according to the US Census Bureau, America’s geriatric population is expected to reach 77 million by 2034.

Asia-Pacific is expected to experience significant growth in the global medical adhesives and sealants market, owing to the increasing number of surgeries in the region. For example, according to the 2017-2018 report from the Australian Institute of Health and Welfare’s Hospital, updated in August 2019, emergency surgery admissions increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and 5.1% in private hospitals. in Australia. In addition, the increase in M&A activity in the region is also contributing to the growth of the market. For example, in January 2019, Advanced Medical Solutions Group plc acquired Sealantis, an Israeli medical device company with a patent-protected internal sealing technology platform.

Latin America is also expected to experience significant growth in the global medical adhesives and sealants market, driven by the R&D of new approaches in the region. For example, in June 2020, researchers from the Federal University of Rio Grande do Sul, Brazil, reported formulating dental adhesives with different concentrations of lithium niobate and evaluating their physicochemical and antibacterial properties.

Key points to remember

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

The global medical adhesives and sealants market is expected to represent US $ 19,232.3 million in value terms by the end of 2027.

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Global Medical Adhesives and Sealants Market: Restrictions

Strict regulations for medical grade products are expected to hamper the growth of the global medical adhesives and sealants market. Medical adhesives and sealants must undergo rigorous testing for safety and effectiveness. This in turn has increased the costs of production and post-production, which in turn can limit the growth of the market.

Moreover, medical adhesives are not always suitable for elderly and pediatric patients, which in turn limits their use and hinders the growth of the market.

Global Medical Adhesives and Sealants Market: Competitive Landscape

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

Segmentation

Global Medical Adhesives and Sealants Market, By Product Type:

Synthetic
Acrylic
Cyanoacrylate
Silicone
Polyethylene glycol (PEG)
Others
Natural
Collagen
Fibrin
Albumin
Others

Global Medical Adhesives and Sealants Market, By Application:

Internal
External
Dental

Global Medical Adhesives and Sealants Market, By Region:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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