The Medical Adhesives Market is expected to grow at > 7.0% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Medical Adhesives Market
Medical Adhesives Market is likely to witness a CAGR of 7.0% during the forecast period. The prime factors that are driving the medical adhesives market are the increasing number of minimally invasive surgeries, high growth in the medical implants market, and rise in population, income level, and health awareness in the developing regions.
Asia-Pacific is expected to witness the fastest growth during the forecast period. Significant economic growth in the region, growing disposable income of consumers, low-cost labor, and huge consumer base are the major factors driving the growth of the market. Europe and North America are also expected to offer significant growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Medical Adhesives Market Share: By Resin Type
Based on the resin type, the market is segmented as natural resin and synthetic and semi-synthetic resins. Natural resins are expected to remain the major segment of the market during the forecast period. Natural resin is further segmented into fibrin, collagen, and others. Synthetic and semi-synthetic resins are further classified as acrylic, silicone, cyanoacrylate, epoxy, polyurethane, and others.
Medical Adhesives Market Share: By Technology Type
Based on the technology type, the medical adhesives market is segmented as water-based, solvent-based, and solids & hot-melt based. Solids & hot-melts based medical adhesives are expected to witness the highest growth during the forecast period. These adhesives are entirely based on thermoplastic polymers, which are heated and applied in the molten state and set to form a bond on cooling and solidification.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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