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Biomedical adhesives & sealants market Globally to reach US$ 15.79B in 2025

The market size of the Global Biomedical Adhesives and Sealants market is estimated to be USD 8.92 Billion in 2018 and is expected to record CAGR growth rate of 8.5% to reach a market size of USD 15.79 Billion in 2025.

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Definition / Scope

Medical adhesives and sealants are commonly employed in medical practices for appliance bonding and surgical procedures. The medical adhesives and sealants encompass a wide range of fabrication materials, typically composed of synthetic and natural formulations.

The medical adhesives and sealants have become an integral tool in a number of surgical specialties, including thoracic surgery, cardiovascular surgery, neurosurgery, reconstructive, and dental surgery. The use of adhesives and sealants have proved to have positive surgical outcomes such as reduced blood loss, reduced complications, and improved time to hemostasis. The effective management of tissue sealing and hemostasis management during surgical procedures has an influence on the development of innovative products.

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Market Overview

  • USD 8.92 Billion – The estimated value of the Global Biomedical Adhesives and Sealants market in 2018
  • 8.5% - The expected CAGR growth rate of the value of Global Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 15.79 Billion – The expected value of the Global Biomedical Adhesives and Sealants market in 2025
  • 1,386.91 Kilotons – The estimated volume of the Global Biomedical Adhesives and Sealants market in 2018
  • 8.81% - The expected CAGR growth rate of the volume of Global Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 2,504.56 Kilotons - The expected volume of the Global Biomedical Adhesives and Sealants market in 2025
  • USD 2.68 Billion – The estimated value of the Global acrylic adhesives and sealants market in 2018
  • 8.2% - The expected CAGR growth rate of the value of Global acrylic adhesives and sealants market in the forecast period 2018 to 2025.
  • USD 4.65 Billion - The expected value of the Global acrylic adhesives and sealants market in 2025
  • USD 2.23 Billion – The estimated market size of the Global Biomedical silicones market in 2018
  • 8.7% - The expected CAGR growth rate of the market size of Global Biomedical silicones market in the forecast period 2018 to 2025
  • USD 4.0 Billion - The expected market size of the Global Biomedical silicones market in 2025
  • USD 1.34 Billion - The estimated market size of the Global Biomedical cyanoacrylate adhesives and sealants market in 2018
  • 8.9% - The expected CAGR growth rate of the market size of Global Biomedical cyanoacrylate adhesives and sealants market in the forecast period 2018 to 2025
  • USD 2.43 Billion - The expected market size of the Global Biomedical cyanoacrylate adhesives and sealants market in 2025
  • USD 1.07 Billion - The estimated market size of the Global Biomedical polyethylene glycol market in 2018
  • 8.6% - The expected CAGR growth rate of the market size of Global Biomedical polyethylene glycol market in the forecast period 2018 to 2025
  • USD 1.91 Billion - The expected market size of the Global Biomedical polyethylene glycol market in 2025
  • USD 1.60 Billion - The estimated market size of the Global other synthetics market in 2018
  • 8.4% - The expected CAGR growth rate of the market size of Global other synthetics market in the forecast period 2018 to 2025
  • USD 2.81 Billion - The expected market size of the Global other synthetics market in 2025
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Key Metrics

Metrics Value Explanation
Base Year 2018 Researched through internet


Market Risks

Higher Penetration

High penetration rates for medical adhesive and sealant products in a broad range of surgical and dental procedures is already proving that the market is saturated and hence acts as an entry barrier to new entrants in the Biomedical Adhesives and Sealants market.

Lack of Innovation

Given the importance of innovation, a lack of innovation, particularly around the core products such as Denture Adhesives, should be considered a serious threat. Innovation risks are often associated with the threat of substitutes and the entrance of new players. Substitutes can be more difficult to spot as they change the market they are serving.

Top Market Opportunities

Focus on specific Clinical Applications

The number of competitors in the synthetic sealant field are focused on specific clinical applications for their products, such as cardiovascular surgery, plastic surgery, or ophthalmic surgery. For instance, Cryolife received FDA approval for PerClot in 2014, focusing on cardiac and vascular surgery, received approval of its Investigational Device Exemption (IDE) for PerClot from the United States Food and Drug Administration (FDA).

Improved processing methods and technology

Some of the growth of adhesives in the disposable medical device market will result from improved processing methods and technology and not just new adhesive advancements. Application and curing equipment play a critical role in the design and manufacture of these devices.

Miniaturization of medical devices

Inspection of internal organs of human body and surgery without pain are universally desired. Miniaturization of medical tools is one of the effective approaches to arrive at this target. Micromachining and nanotechnology play an increasingly decisive role in the miniaturization of components ranging from biomedical applications to chemical microreactors and sensors. Miniaturization of medical devices is an on-going trend that requires more micro-application of adhesives.

Developing Natural Products with Prolonged Shelf Life

The rise in development of bio-based medical adhesives and sealants for internal applications based on plasma and protein-derived materials by the key players such as collagen, fibrin and albumin is expected to add impetus to the market. Manufacturers need to develop natural products with prolonged shelf life such as Collagen, Albumin and Fibrin to meet the rising demand from the import-driven regions of Asia-Pacific, Latin America and Mexico.

Market Drivers

Rise in prominence of adhesive dentistry to accelerate the medical adhesives and sealants market

Adhesive dentistry is the most revolutionary practical application of dentistry, thus replacing the conventional mechanical factors for retention and adhering to the tooth substance. The dental adhesives maintain the durability and aesthetics of dental restorations while minimizing post-op sensitivity. The demand for medical adhesives and sealants market is expected to gain significant traction with the rising awareness for effective management of bleeding to achieve hemostasis during surgical procedures.

Rapid replacement of conventional sutures and staples with adhesives

The medical adhesives are developed to improve hemostasis by reinforcing suture lines and repairing fragile tissue. Surgical adhesive is expected to replace traditional surgical sealing agents such as sutures, wires, and staples. These are time taking, can result in further tissue trauma and hard to use in some surgical locations. Surgical sealants overcome these issues and create immediate and proper sealing, compared to sutures and staples. The factors promoting their demand over sutures are faster procedure rate, minimal invasion, reduced post-surgical infections, and prevention of exudation of other body fluids.

Increasing Demand for Surgical Adhesives

Need for faster, more effective, and less expensive surgeries increasing demand for internal and external surgical adhesives. The surgical adhesives and sealants market witnessed healthy growth during the last decade, reportedly due to the increasing surgical applications of surgical sealants and adhesives, growing need to manage blood loss, greater uptake of technologically advanced products.

Growth in Geriatric population

Increasing life span, rise in elderly population and associated increase in the number of surgical procedures across specialties. Increasing aging population with growing healthcare needs across the globe is estimated to boost the market for medical services. Growth in geriatric population and prevalence of chronic conditions is one of the impact rendering drivers. As per the Centers for Disease Control and Prevention (CDC) statistics, over 45% of American population suffers from at least one chronic condition requiring critical care.

Geriatric patients require critical care and are prone to injuries and wounds that take a lot of time to heal. With increasing demographic tilt towards an active lifestyle, the cases of routine injuries and wounds are on a rise, which is expected to drive market growth. Chronic diseases ultimately lead to surgical procedures to be performed on the patient, which in turn boosts the growth. Hernia fixation, diabetes, spinal injuries, ophthalmic injuries and replacements, urological disorders, and burns are a few chronic conditions requiring these products.

Shift to value-based healthcare

With a shift to value-based healthcare, the biomedical adhesives and sealants is expected to gain a significant traction, due to its exceptional characteristics such as increase in bond strength, versatility, biocompatibility, and degradation. Furthermore, the rise in development of medical adhesives with better solutions for customer requirements such as enhanced understanding of skin science, adhesion science, and material science is expected to fuel the growth of the market.

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Market Restraints

Harmful Effects of Medical Adhesives and Sealants

The main components of adhesives and sealant materials may be hazardous, even affect the health to the contacts. For instance, the curing agents (aliphatic amines, cycloaliphatic amines, and so on) may cause irritation or damage to the skin, eyes, and lungs. Certain types of curing agents may cause damage to organs such as the liver and affect the blood’s ability to carry oxygen.

Safety Issues

Adhesives and sealants come in different forms. They can pose safety risks to workers in the form of fires and explosions, or health risks due to their chemical properties. Hot melt adhesives in molten form present the greatest hazards during use or application. Hot melts may emit fumes during operation. The vapours given off are considered to be toxic, but they should not be inhaled. If overheating occurs there could be a fire risk, as the vapours evolved might be ignitable by a spark.

Hazards caused by Adhesives

Inhalation of powdered adhesives is another potential hazard, which can cause respiratory hazards. Some powder adhesives may contain caustic or acidic material which can affect the eyes.

Lack of reimbursements for surgical Sealants and Adhesives

lack of reimbursements and high costs associated with clinical data requirements for these products are restraining the growth of this market to a certain extent. The lack of favorable reimbursement policies for surgical sealants and adhesives in most developing countries and a few developed countries is causing hindrance to the market of the wound care and advanced wound closer products. Apart from this, the lack of wound dimensions or failure to document it properly affects the reimbursement significantly. So, these reimbursement policies along with the availability of alternative methods are hindering the surgical sealant and adhesives market.

Industry Challenges

Stringent regulations and statutory norms

Stringent regulations on volatile organic chemical (VOC) emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems.

Availability of Cheaper Alternative Products

The availability of Cheaper Alternative Products such as sutures and staples in place of biomedical sealants and adhesives. Most wounds are closed with absorbable or non-absorbable sutures or staples as these are thought to be inexpensive and reliable. Despite the increased use of topical skin adhesives (TSAs) in accident and emergency departments, their adoption in surgery remains low. This could be because clinicians consider them more expensive and less reliable than traditional methods.

Technology Trends

Use of 3-D vision in adhesive applications

3-D vision systems are used to inspect adhesive applications that can’t be addressed with conventional 2-D vision systems. When adhesive is applied to hold two components together or seal a joint against the elements, it is often possible to determine the footprint of the adhesive using 2-D machine vision or a human inspector, but these techniques cannot accurately determine the volume of the glue or the glue’s features when the adhesive and the part or background are black on black.

A 3-D vision system that uses a combination of a laser that projects a line and an image sensor overcomes these challenges and can determine the position and the volume of the adhesive. This makes it easy to verify that the correct amount has been applied and that it is in the right position to seal the part.

Ebeam technology is thriving

Ebeam technology has been gaining traction among adhesives manufacturers and package converters as an alternative to oven drying and ultraviolet curing. The technology is favorable because it is both powerful and cost-effective. Ebeam technology produces virtually no VOCs (volatile organic compounds) which the The Adhesive and Sealant Council views negatively, since they can contribute to respiratory issues and compromised air quality.

The upfront cost of an ebeam system is traditionally more expensive than UV systems but the payback period can often be calculated in months since they offer more consistent output and more efficient energy usage.

Other Key Market Trends

Health Hazards caused by Biomedical Adhesives and Sealants

The Biomedical Adhesives and Sealants produce VOCs (volatile organic compounds) which can cause respiratory problems and poor air quality by contaminating the atmosphere by emitting poisonous organic gases, this in addition with the hazards caused by Biomedical Adhesives and Sealants such as respiratory hazards, Also the Hot melt adhesives in molten form present the greatest hazards during use or application. Hot melts may emit fumes during operation. Because of these hazards the adoption of Biomedical Adhesives and Sealants are stagnated in major applications such as surgeries

Market Size and Forecast

North America: With over 35% shares, North America dominated the global medical adhesives and sealants market in 2018

USA Biomedical Adhesives and Sealants Market Size

  • USD 2.0 Billion – The estimated value of the USA Biomedical Adhesives and Sealants
  • 5.1% - The expected CAGR growth rate of the value of USA Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 2.83 - The expected value of the USA Biomedical Adhesives and Sealants market in 2025
  • 310.97 Kilotons - The estimated volume of the USA Biomedical Adhesives and Sealants market in 2018
  • 5.2% - The expected CAGR growth rate of the volume of USA Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 443.35 Kilotons - The expected volume of the USA Biomedical Adhesives and Sealants market in 2025

Canada Biomedical Adhesives and Sealants Market Size

  • USD 892 Million - The estimated value of Canadian Biomedical Adhesives and Sealants market in 2018
  • 6.4% - The expected CAGR growth rate of the value of Canadian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 1.38 Billion - The expected value of Canadian Biomedical Adhesives and Sealants market in 2025
  • 138.69 Kilotons - The estimated volume of Canadian Biomedical Adhesives and Sealants market in 2018
  • 6.2% - The expected CAGR growth rate of the volume of Canadian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 211.31 Kilotons - The expected volume of the Canadian Biomedical Adhesives and Sealants market in 2025

Mexico Biomedical Adhesives and Sealants Market Size

  • USD 267.6 Million - The estimated value of Mexican Biomedical Adhesives and Sealants market in 2018
  • 6.8% - The expected CAGR growth rate of the value of Mexican Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 424.12 Million - The expected value of the Mexican Biomedical Adhesives and Sealants market in 2025
  • 41.6 Kilotons - The estimated volume of the Mexican Biomedical Adhesives and Sealants market in 2018
  • 6.9% - The expected CAGR growth rate of the volume of Mexican Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 66.36 Kilotons - The expected volume of the Mexican Biomedical Adhesives and Sealants market in 2025

South America: South American Biomedical Sealants and Adhesives market is the second fastest growing market following Asia-Pacific posting a strong CAGR growth rate of 9.2%

Brazil Biomedical Adhesives and Sealants Market Size

  • USD 312.2 Million - The estimated value of Brazilian Biomedical Adhesives and Sealants market in 2018
  • 9.0% - The expected CAGR growth rate of the value of Brazilian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 570.71 Million - The expected value of the Brazilian Biomedical Adhesives and Sealants market in 2025
  • 48.54 Kilotons - The estimated volume of the Brazilian Biomedical Adhesives and Sealants market in 2018
  • 9.1% - The expected CAGR growth rate of the volume of Brazilian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 89.3 Kilotons - The expected volume of the Brazilian Biomedical Adhesives and Sealants market in 2025

Argentina Biomedical Adhesives and Sealants Market Size

  • USD 223 Million - The estimated value of Argentina Biomedical Adhesives and Sealants market in 2018
  • 9.2% - The expected CAGR growth rate of the value of Argentina Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 412.92 Million - The expected value of the Argentina Biomedical Adhesives and Sealants market in 2025
  • 34.67 Kilotons - The estimated volume of the Argentina Biomedical Adhesives and Sealants market in 2018
  • 9.3% - The expected CAGR growth rate of the volume of Argentina Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 64.61 Kilotons - The expected volume of the Argentina Biomedical Adhesives and Sealants market in 2025

Europe: Europe is the second largest market for Biomedical Adhesives and Sealants market following North America.

UK Biomedical Adhesives and Sealants Market Size

  • USD 981.2 Million - The estimated value of UK Biomedical Adhesives and Sealants market in 2018
  • 6.4% - The expected CAGR growth rate of the value of UK Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 1.51 Billion - The expected value of the UK Biomedical Adhesives and Sealants market in 2025
  • 166.43 Kilotons - The estimated volume of the UK Biomedical Adhesives and Sealants market in 2018
  • 6.5% - The expected CAGR growth rate of the volume of UK Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 258.63 Kilotons - The expected volume of the UK Biomedical Adhesives and Sealants market in 2025

Germany Biomedical Adhesives and Sealants Market Size

  • USD 446 Million - The estimated value of Germany Biomedical Adhesives and Sealants market in 2018
  • 6.6% - The expected CAGR growth rate of the value of Germany Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 697.65 Million - The expected value of the Germany Biomedical Adhesives and Sealants market in 2025
  • 69.35 Kilotons - The estimated volume of the Germany Biomedical Adhesives and Sealants market in 2018
  • 6.7% - The expected CAGR growth rate of the volume of Germany Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 109.19 Kilotons - The expected volume of the Germany Biomedical Adhesives and Sealants market in 2025

France Biomedical Adhesives and Sealants Market Size

  • USD 267.6 Million - The estimated value of France Biomedical Adhesives and Sealants market in 2018
  • 6.8% - The expected CAGR growth rate of the value of France Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 424.12 Million - The expected value of the France Biomedical Adhesives and Sealants market in 2025
  • 41.60 Kilotons - The estimated volume of the France Biomedical Adhesives and Sealants market in 2018
  • 6.9% - The expected CAGR growth rate of the volume of France Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 66.36 Kilotons - The expected volume of the France Biomedical Adhesives and Sealants market in 2025

Asia-Pacific: The Asia-Pacific region is the fastest growing region in the Biomedical Adhesives and Sealants market globally, growing at a robust CAGR growth rate of 9.8%

China Biomedical Adhesives and Sealants Market Size

  • USD 624.4 Million - The estimated value of Chinese Biomedical Adhesives and Sealants market in 2018
  • 9.8% - The expected CAGR growth rate of the value of Chinese Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 1.20 Billion - The expected value of the Chinese Biomedical Adhesives and Sealants market in 2025
  • 97.08 Kilotons - The estimated volume of the Chinese Biomedical Adhesives and Sealants market in 2018
  • 9.6% - The expected CAGR growth rate of the volume of Chinese Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 184.42 Kilotons - The expected volume of the Chinese Biomedical Adhesives and Sealants market in 2025

India Biomedical Adhesives and Sealants Market Size

  • USD 401.4 Million - The estimated value of Indian Biomedical Adhesives and Sealants market in 2018
  • 10.2% - The expected CAGR growth rate of the value of Indian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 792.2 Million - The expected value of the Indian Biomedical Adhesives and Sealants market in 2025
  • 62.41 Kilotons - The estimated volume of the Indian Biomedical Adhesives and Sealants market in 2018
  • 10.4% - The expected CAGR growth rate of the volume of Indian Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 124.75 Kilotons - The expected volume of the Indian Biomedical Adhesives and Sealants market in 2025

Japan Biomedical Adhesives and Sealants Market Size

  • USD 356.8 Million - The estimated value of Japanese Biomedical Adhesives and Sealants market in 2018
  • 10.2% - The expected CAGR growth rate of the value of Japanese Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 704.2 Million - The expected value of the Japanese Biomedical Adhesives and Sealants market in 2025
  • 55.48 Kilotons - The estimated volume of the Japanese Biomedical Adhesives and Sealants market in 2018
  • 10.4% - The expected CAGR growth rate of the volume of Japanese Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 110.9 Kilotons - The expected volume of the Japanese Biomedical Adhesives and Sealants market in 2025

Middle East and Africa: The Middle East and Africa is one of the fastest growing region in the Biomedical Adhesive and Sealants market globally growing at a steady CAGR growth rate of 8.4%

Saudi Arabia Biomedical Adhesives and Sealants Market Size

  • USD 178.4 Million - The estimated value of Saudi Arabia Biomedical Adhesives and Sealants market in 2018
  • 8.4% - The expected CAGR growth rate of the value of Saudi Arabia Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 313.76 Million - The expected value of the Saudi Arabia Biomedical Adhesives and Sealants market in 2025
  • 27.74 Kilotons - The estimated volume of the Saudi Arabia Biomedical Adhesives and Sealants market in 2018
  • 8.5% - The expected CAGR growth rate of the volume of Saudi Arabia Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 49.1 Kilotons - The expected volume of the Saudi Arabia Biomedical Adhesives and Sealants market in 2025

UAE Biomedical Adhesives and Sealants Market Size

  • USD 133.8 Million - The estimated value of UAE Biomedical Adhesives and Sealants market in 2018
  • 8.5% - The expected CAGR growth rate of the value of UAE Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 236.85 Million - The expected value of the UAE Biomedical Adhesives and Sealants market in 2025
  • 20.8 Kilotons - The estimated volume of the UAE Biomedical Adhesives and Sealants market in 2018
  • 8.6% - The expected CAGR growth rate of the volume of UAE Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 37.06 Kilotons - The expected volume of the UAE Biomedical Adhesives and Sealants market in 2025
  • USD 1.84 billion- Estimated Market size of Adhesives & sealants of all types in UAE in 2025

South Africa Biomedical Adhesives and Sealants Market Size

  • USD 89.2 Million - The estimated value of South African Biomedical Adhesives and Sealants market in 2018
  • 8.7% - The expected CAGR growth rate of the value of South African Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 159.95 Million - The expected value of the South African Biomedical Adhesives and Sealants market in 2025
  • 13.87 Kilotons - The estimated volume of the South African Biomedical Adhesives and Sealants market in 2018
  • 8.8% - The expected CAGR growth rate of the volume of South African Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 25.03 Kilotons - The expected volume of the South African Biomedical Adhesives and Sealants market in 2025
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Market Outlook

  • USD 8.92 Billion – The estimated value of the Global Biomedical Adhesives and Sealants market in 2018
  • 8.5% - The expected CAGR growth rate of the value of Global Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • USD 15.79 Billion – The expected value of the Global Biomedical Adhesives and Sealants market in 2025
  • 1,386.91 Kilotons – The estimated volume of the Global Biomedical Adhesives and Sealants market in 2018
  • 8.81% - The expected CAGR growth rate of the volume of Global Biomedical Adhesives and Sealants market in the forecast period 2018 to 2025.
  • 2,504.56 Kilotons - The expected volume of the Global Biomedical Adhesives and Sealants market in 2025
  • USD 2.68 Billion – The estimated value of the Global acrylic adhesives and sealants market in 2018
  • 8.2% - The expected CAGR growth rate of the value of Global acrylic adhesives and sealants market in the forecast period 2018 to 2025.
  • USD 4.65 Billion - The expected value of the Global acrylic adhesives and sealants market in 2025
  • USD 2.23 Billion – The estimated market size of the Global Biomedical silicones market in 2018
  • 8.7% - The expected CAGR growth rate of the market size of Global Biomedical silicones market in the forecast period 2018 to 2025
  • USD 4.0 Billion - The expected market size of the Global Biomedical silicones market in 2025
  • USD 1.34 Billion - The estimated market size of the Global Biomedical cyanoacrylate adhesives and sealants market in 2018
  • 8.9% - The expected CAGR growth rate of the market size of Global Biomedical cyanoacrylate adhesives and sealants market in the forecast period 2018 to 2025
  • USD 2.43 Billion - The expected market size of the Global Biomedical cyanoacrylate adhesives and sealants market in 2025
  • USD 1.07 Billion - The estimated market size of the Global Biomedical polyethylene glycol market in 2018
  • 8.6% - The expected CAGR growth rate of the market size of Global Biomedical polyethylene glycol market in the forecast period 2018 to 2025
  • USD 1.91 Billion - The expected market size of the Global Biomedical polyethylene glycol market in 2025
  • USD 1.60 Billion - The estimated market size of the Global other synthetics market in 2018
  • 8.4% - The expected CAGR growth rate of the market size of Global other synthetics market in the forecast period 2018 to 2025
  • USD 2.81 Billion - The expected market size of the Global other synthetics market in 2025
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Technology Roadmap

Tunable Adhesion Technology

Tunable composite material has been developed with high adhesion under normal loading and weak adhesion when shear is applied, making the surface adhesion easily controllable. A micro-scale composite structure is patterned using a stiff post surrounded by a compliant core. A contact surface made up of an array of these posts has strong adhesion in the normal direction but can be easily removed by applying a shear force.

This makes manipulation of thin layers of delicate material possible, because no damaging handling forces are applied, and no residue is left behind. Adhesive contact surfaces that use this method can easily be produced on a large scale, making this technology a practical solution as an applied process improvement.

Advantages

  • Control over adhesion with no residue or handling damage
  • Easy to manufacture and scale to component-size structures

Distribution Chain Analysis

Among all types of Adhesives and Sealants, acrylic Sealants occupies the maximum share in the global market. Silicones, fillers, and different catalysts are utilized as raw materials to manufacture different varieties of the compound.

These factors indicate prevalence of high product differentiation in the industry, leading to high switching cost. The presence of a large number of domestic and international raw material suppliers lowers the supplier’s bargaining power. The threat of forward integration from suppliers is high in the market. Multiple players are present who supply one or more of the raw materials and process it for industrial manufacturing of silicone.

Thus, considering the above factors, the bargaining power of suppliers is high, and is expected to remain as such during the forecast period.

Competitive Landscape

The global market for medical adhesives and sealants market is highly consolidated due to the prominent geographical presence of few established players having huge production facilities located in various regions. The competition in the medical adhesives and sealants market is expected to intensify with innovations in technology, product extensions, and the growing number of mergers and acquisitions. To gain a competitive advantage, vendors are keeping themselves up-to-date on emerging technologies and developing new technologies and products.

The market is partly consolidated with top four players accounting for about half the total market revenue in 2013. Major players are expanding capacities as well as global footprint through acquisitions. Entry barriers are high due to capital intensive nature of the market along with long R&D and testing pipelines for new products. Regulatory authorities maintain strict scrutiny of production processes and the quality of the products to safeguard consumers. Key players in the market include 3M Company, Henkel AG, HB Fuller, Avery Dennison, Baxter International, CryoLife Inc., Johnson and Johnson, Dentsply International, Ashland Inc. and Adhesives Research Inc. among others

  • The increase in product launch is one of the critical factor driving the global medical adhesives market.
  • In March 2018, Henkel Corp. introduced Loctite AA3951 and Loctite AA3953, its two new high-elongation, high-flexibility, LED-curable adhesives specifically designed for use on flexible medical devices made of TPE and TPU.
  • In January 2019, Avantor has introduced its NuSil brand biocompatible silicone adhesives and other technologies in the U.S. The advanced silicone solutions help medical device manufacturers increase throughput and improve device performance.

Competitive Factors

Pricing

The Biomedical Adhesive and Sealants market is price sensitive owing to the price sensitiveness in the cost of raw materials and energy prices. For instance, . It is found that crude oil prices rose 25 percent and silicone metal increased by 20 percent in the U.S. In China, silicon metal prices rose by more than 30 percent. The industry player offering quality product at affordable price is set to rule the Silicone market.

Product Differentiation

Product Differentiation looks to make a product more attractive by contrasting its unique qualities with other competing products. Successful product differentiation creates a competitive advantage for the product's seller, as customers view these products as being unique or superior.

Key Market Players

The 3M Company, is an American multinationalconglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods. The company produces a variety of products, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, healthcare software and optical films.

Baxter International Inc. is a Fortune 500 American health care company. The company primarily focuses on products to treat hemophilia, kidney disease, immune disorders and other chronic and acute medical conditions. BioScience and Medical Products. Baxter's BioScience business produces recombinant and blood plasma proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies and other chronic and acute blood-related conditions; products for regenerative medicine, and vaccines.

Baxter's Medical Products business produces intravenous products and other products used in the delivery of fluids and drugs to patients; inhalational anaesthetics; contract manufacturing services; and products to treat end-stage renal disease, or irreversible kidney failure, including products for peritoneal dialysis and hemodialysis.

CryoLife, Inc. is a distributor of cryogenically preserved human tissues for cardiac and vascular transplant applications and develops medical devices. Among its products are human heart valves, which are treated to remove excess cellular material and antigens, and BioGlue surgical adhesive. The Company preserves and distributes human tissues and develops, manufactures, and commercializes medical devices for cardiac and vascular transplant applications.

Ethicon, Inc. is a subsidiary of Johnson & Johnson. It was incorporated as a separate company under the Johnson & Johnson umbrella in 1949 to expand and diversify the Johnson & Johnson product line. Ethicon has manufactured surgical sutures and wound closure devices since 1887. After World War II, Ethicon's market share in surgical sutures rose from 15% to 70% worldwide.

Henkel AG & Company, is a German chemical and consumer goods company. It is a multinational company active both in the consumer and industrial sector. Founded in 1876, the DAX 30 company is organized into three globally operating business units (Laundry & Home Care, Beauty Care, Adhesive Technologies) and is known for brands such as Loctite, Persil, and Fa amongst others.

Chemence is a multinational conglomerate. which manufactures products including cyanoacrylate adhesives, anaerobic adhesives, impregnation sealants, adhesive activators, epoxy resins, UV adhesives, photopolymerresins,, custom printer ink cartridges, Gas pipe sealants

Covidien was an Irish-headquartered global health care products company and manufacturer of medical devices and supplies. It was purchased by Medtronic in a transaction that closed in 2015. The now merged company is headquartered in Ireland, where Covidien was based.

Strategic Conclusion

The market size of the Global Biomedical Adhesives and Sealants market is estimated to be USD 8.92 Billion in 2018 and is expected to record CAGR growth rate of 8.5% and is expected to reach a market size of USD 15.79 Billion in 2025.

The major challenges pricking the growth of the Global Biomedical Adhesives and Sealants market includes Stringent regulations and statutory norms and Availability of Cheaper Alternative Products

The growth of the market is restrained by factors such as Harmful Effects of Medical Adhesives and Sealants, Safety Issues, Hazards caused by Adhesives and Lack of reimbursements for surgical Sealants and Adhesives

The growth of the Global Biomedical Adhesives and Sealants market is augmented by driving factors such as Rise in prominence of adhesive dentistry to accelerate the medical adhesives and sealants market, Rapid replacement of conventional sutures and staples with adhesives, Increasing Demand for Surgical Adhesives, Growth in geriatric population and Shift to value-based healthcare.

Further Reading

Appendix

  • USD - US Dollar
  • CAGR - Compounded Annual Growth Rate
  • FDA - Food and Drug Administration
  • IDE - Investigational Device Exemption
  • CDC - Centers for Disease Control and Prevention
  • VOC - Volatile Organic Chemical
  • TSA - Topical Skin Adhesives
  • UAE - United Arab Emirates


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