Medical Adhesives withness growth in forecast period

Global medical adhesives market is expected to witness growth over the forecast period in light of increasing number of geriatric consumers and growing demand for electronic and automotive applications. Increasing government regulations supporting better processes for reducing carbon footprints are also likely to contribute to the growth of the medical adhesives market. In addition, increasing demand for labeling and packaging applications is likely to aid the market growth over the next seven years. However, volatile prices of petroleum based medical adhesive products and stringent regulations against volatile organic compounds emissions (VOC) from solvent based adhesives are expected to impact market growth over the forecast period. In addition to this, lack of proper reimbursement policies regarding the use and replacement of synthetic grade medical products may also hinder the growth of the medical adhesives market. Enhanced functionality, higher purity, non evasiveness and time efficiency of these adhesives are anticipated to open new market avenues for medical adhesives over the forecast period.

On the basis of products, the market is categorized into natural and synthetic medical adhesives. Polyethylene glycol (PEG), acrylic, cyanoacrylate and silicone are synthetic variants while, albumin, collagen and fibrin are natural variants in the overall medical adhesives market. Acrylic was the largest product segment followed by collagen within the medical adhesives market in 2014. Niche materials including PEG and cynoacrylate are anticipate witness above average growth over the forecast period. Silicone products are also expected to show promising gains as they are not derived from petroleum feedstock hence independent of crude oil price fluctuations. Collagen was the largest product segment followed by fibrin within the medical adhesives market in 2014.

Based on applications, the global medical adhesives market is segmented into dental, internal, and external applications. Internal applications dominated the market in 2014 and are likely to witness above average growth over the forecast period. Dental applications are estimated to witness limited growth due to growing awareness about preventive oral care among consumers. External applications are expected to witness increasing gains on account of improving penetration of consumer products such as medical tapes and wound care solutions offered by market players.

North America accounted for the major market volume share of medical adhesives market in 2014 owing to high awareness regarding the advantages of medical adhesives and technological developments. Europe held the second largest share of market volume for medical adhesives while RoW occupied smallest share in 2014. However, Asia Pacific is anticipated to show above average growth over the forecast period because of increasing awareness in the medical sector.

Key players in the medical adhesives market include Johnson & Johnson (Ethicon), B. Braun, Covidien, Henkel AG & Company, GEM S.R.L, Chemence, Baxter International Inc, Cohera Medical Inc, GluStitch, Cryolife Inc, Dentsply Ltd, H.B Fuller Company, Avery Dennison Corporation, Ashland Inc and Adhesives Research Inc.