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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

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.

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

U.S., Canada Latin America: Brazil, Argentina, Mexico, Rest of Latin America

Brazil, Argentina, Mexico, Rest of Latin America Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe

Germany, U.K., France, Spain, Italy, Russia, Rest of Europe Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific

China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific Middle East: GCC Countries, Israel, Rest of 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

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.