According to a market report by Lucintel, the future of the medical device adhesive market looks promising with opportunities in the dental, medical device, and equipment applications. The medical device adhesive market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth driver for this market is the increasing demand of medical device across applications such as needles & syringes, catheters, tube sets, masks, polycarbonate devices, and pacemaker & other equipment.
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In this market, acrylic, cyanoacrylate, epoxy, silicone, and polyurethane are the major synthetic & semi-synthetic resin type. Polyurethane is the largest synthetic & semi-synthetic resin type.
Within the medical device adhesive market, dental, and medical device & equipment, are the major applications. Medical device and equipment have formed the largest application segment in the medical device adhesive market.
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North America will remain the largest market over the forecast period due to greater awareness of the benefits of newer non-invasive surgery techniques and technological advancements in the healthcare industry.
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Henkel AG & company, Dymax Corporation, Honle Group, H.B. Fuller, Masterbond Inc., Permabond Engineering Adhesives Ltd., Epoxy Technology Inc., Novachem Corporation Ltd, Incure Inc., Johnson & Johnson, General Electric Co., Medtronic., Baxter., Panacol-Elosol GmbH, and Adhesive Research Ltd. are among the major manufacturers of medical device adhesives.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical device adhesive market by application, natural resin type, synthetic and semi-synthetic resin type, formulating technology, and region. Lucintel has prepared a comprehensive research report entitled “Medical Device Adhesive Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the medical device adhesive market by natural resin type, synthetic and semi-synthetic resin type, formulating technology, application, and region as follows:
By Natural Resin Type [$M shipment analysis for 2013 – 2024]:
- Collagen
- Fibrin
- Others
By Synthetic & Semi-Synthetic Resin Type [$M shipment analysis for 2013 – 2024]:
- Acrylic
- Cyanoacrylate
- Epoxy
- Silicone
- Polyurethane
- Others
By Formulating Technology [$M shipment analysis for 2013 – 2024]:
- Water-based
- Solvent-based
- Solids & Hot Melt
By Application [$M shipment analysis for 2013 – 2024]:
- Needles & syringes
- Catheters
- Tube sets
- Masks
- Polycarbonate devices
- Pacemaker
- Others
By Region [$M shipment analysis for 2013 – 2024]:
- North America
- Unites States
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Others
- RoW
- South America
- Middle East
- Africa
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-device-adhesive-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global medical device adhesive market by natural resin type (collagen, fibrin, and others), by synthetic & semi-synthetic resin type (acrylic, cyanoacrylate, epoxy, silicone, polyurethane, and others), by formulating technology (water-based, solvent-based, and solids & hot melt), application (needles & syringes, catheters, tube sets, masks, polycarbonate devices, pacemaker, and others), and by region (North America, Europe, Asia Pacific, and RoW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the medical device adhesive market?
Q.5.What are the business risks and threats to the medical device adhesive market?
Q.6.What are emerging trends in the medical device adhesive market and the reasons behind them?
Q.7.What are some changing demands of customers in the medical device adhesive market?
Q.8.What are the new developments in the medical device adhesive market? Which companies are leading these developments?
Q.9.Who are the major players in the medical device adhesive market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the medical device adhesive market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11.What M & A activities took place in the last five years in the medical device adhesive market?
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