According to a new market report released by MarketsandMarkets, the global medical device adhesive market is estimated to be $2.32 billion in 2016, and is expected to witness a CAGR of 6.6% from 2016 to 2021, reaching $3.20 billion by 2021. Medical device adhesives are widely applied in medical devices such as needles & syringes, tube sets, masks, catheters, polycarbonate devices, pacemaker, and other equipment. Adhesives are used for bonding various similar or different components in the medical devices. They play an important role in the assembly of medical devices of various classes. Medical device adhesives are sold to medical device manufacturers, and require no special approval from the FDA. Owing to the presence of major medical device manufacturers in North America such as Johnson & Johnson, General Electric Co., Medtronic Inc., Baxter International Inc. and others, the demand for adhesives applied in these devices occupied the largest market share in 2015. Medical device adhesives are likely to grow at a high rate as the demand for new medical devices will increase. Medical devices are currently becoming more and more complex and sophisticated, in both performance specifications and structural complexity. As a result, the demand for new chemistry-based adhesives from end users is also growing. North America is the largest market for medical device adhesives in terms of volume, because most of the dominant medical device manufacturers are located in this region. The surging popularity of medical device adhesives in North America results from the greater awareness about the benefits of newer non-invasive surgical techniques and technological advancements in the healthcare industry and several other factors. The major players in the global medical device adhesive market include Henkel AG & Company (Germany), Dymax Corporation (U.S.), Honle Group (Germany), H.B. Fuller (U.S.), Masterbond Inc. (U.S.), Permabond Engineering Adhesives Ltd. (U.K.), Epoxy Technology Inc. (U.S.), Novachem Corporation Ltd (Ireland), Incure Inc. (U.S.), Adhesive Research (Ireland) and others.