Global medical adhesive market forecast at $16 billion by 2031

Pune, India – The global medical adhesives market size was USD 8.87 Bn in 2022 and is likely to reach USD 16.41 Bn by 2031, expanding at a CAGR of 7.6% during 2023–2031. The market growth is attributed to the rising demand for medical adhesives over traditional wound closure techniques such as stitches.

Medical adhesives include a wide range of fabrication materials and are usually composed of both biological and synthetic formulations. Adhesives are used in common medical practices including appliance bonding and surgical procedures. Various adhesives are combined into medical devices. These devices are either disposable or can be used multiple times.

There are different types of medical adhesives and each is used for specific conditions and applications. Medical adhesives can be classified in different ways, according to their physical form, chemical composition, and classification or load-bearing capability. Some of the applications of adhesives in medical devices are needle bonding, bonding connection elements, catheters, and bonding plastic enclosures.

Medical adhesive tape is used to attach gauze, bandages, and other dressings to the wounded skin. Most adhesive tapes are pressure sensitive adhesives that stick and stay in one place with firm pressure. Medical adhesive tapes are breathable and easy to use.

Medical products such as dialysis filters, syringes, blood bags, and tube connections can be bonded with the application of medical-grade adhesive. These medical products are normally made from a wide range of synthetic materials including plastics. These hard-to-bond plastics include polyether ether ketone (PEEK), pulmonary embolism (PE), and pancreatic polypeptide (PP).

The market report finds that the COVID-19 pandemic has affected the growth of the medical adhesives market. The pandemic has affected the medical adhesives market trends. In several countries, there was a decline in investment, due to the lockdown imposed by the various worldwide governments during the pandemic. Moreover, for a while, the supply chain and production were halted or slowed down. However, the market also experienced a considerable positive impact during the pandemic, due to the rising demand for medical adhesives such as personal protective equipment (PPE), and the high demand for masks, syringes, and saline tubes.
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The medical adhesives market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.