Global Medical Adhesives and Sealants Market 2017-2021

Overview of the global medical adhesives and sealants market

Technavio’s market research analyst predicts the global medical adhesives and sealants market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the growing importance of adhesive dentistry. Technological advances have led to the emergence of better dental care procedures. These advanced dental care procedures are replacing traditional dental care procedures at an exponential rate. As a result, it has also been noted that there has been a substantial increase in the use of medical adhesives and sealants in the fields of dental implants, periodontics, and prosthodontics. This is primarily due to the increasing awareness of the importance of oral health among patients. Also, advances in dental technologies are making dental treatment less painful and leading to lower blood loss and healing time. As a result, such advances are increasing consumers' interest in availing dental treatment and consequently inducing growth in the medical adhesives and sealants market.

In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The high demand for technically advances products, due to the high awareness levels of healthcare among customers is the key contributor to the dominance of this segment in the market. Moreover, higher healthcare spending and better government support will propel the market growth in this region in the coming years.

Competitive landscape and key vendors

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.

Leading vendors in the market are -

• 3M
• Ashland
• CryoLife
• H.B. Fuller
• Henkel

Other prominent vendors in the medical adhesives and sealants market include Advanced Medical Solutions, Adhesive Research, Baxter International, Dentsply Sirona, and Johnson & Johnson.

Segmentation by application and analysis of the medical adhesives and sealants market

• Internal
• External
• dental

During 2016, the internal segment dominated the medical adhesives and sealants market and accounted for a major part of the overall market's share. The easy availability of internal medical adhesives and sealants is the key factor contributing to the growth of this market. Further, they are widely used by surgeons around the world, as they are an effective substitute for painful sutures (stitches using needle and thread) and staples (metallic devices used to hold the tissue edge together). High growth in the number of surgeries involving tissue replacement will augment the growth of this segment during the forecast period.

Segmentation by product and analysis of the medical adhesives and sealants market

• Synthetic
• Natural

In this market study, analysts have estimated the synthetic segment to dominate the medical adhesives and sealants market during the forecast period. Polyethylene glycol and cyanoacrylate are estimated to be the fastest-growing products contributing to the dominance of this segment. Further, better sealing or bonding strength of synthetic medical adhesives over bio-adhesive products will propel the growth of this market in the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global medical adhesives and sealants market?
• What are the key market trends impacting the growth of the global medical adhesives and sealants market?
• What are the challenges to market growth?
• Who are the key vendors in the global medical adhesives and sealants market?
• What are the market opportunities and threats faced by the vendors in the global medical adhesives and sealants market?
• Trending factors influencing the market shares of the APAC, Europe, North America and ROW.
• What are the key outcomes of the five forces analysis of the global medical adhesives and sealants market?

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