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Medical Device Adhesive Market by Resin Type, Application - Global Forecast to 2021

Medical Device Adhesive Market: Global Forecast until 2021

  • January 2017
  • 238 pages
  • ID: 5073740
In this report:
Despite difficult economic circumstances and budget cutbacks, imports in 2014 increased slightly with major exporters being Germany (~##%) and the U.S. (##-##%).
The demand for epoxy and polyurethane-based medical device adhesives is expected to grow at the lowest CAGRs of ##.##% and ##.##%, respectively, between 2016 and 2021.


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"The medical device adhesive market is estimated to rise at a compound annual growth rate of 6.60 percent from 2016 to 2021"

The overall medical device adhesive market is forecasted to reach ~$3.2B by 2021, at a compound annual growth rate of 6.60 percent from 2016 to 2021. The market rise of medical device adhesive is assigned to the growing awareness of new devices for specific treatment succeeded by the growth in overall population and increase in income level, are leading the hospitals and other private health institutions towards sophisticated healthcare facilities and medical device. Furthermore, the expansion activities of medical device manufacturers is also creating demand for medical device adhesive manufacturers. The restraining factors that still hampers the medical device adhesive market is the reimbursement approval process in European countries which is often considered more complex than that in the U.S. due to its rising focus on evidence-based reimbursement decisions and cost-containment policies.

"The light curing segment is expected to grow at the highest compound annual growth rate (CAGR) among all the types"

Light curing adhesives used in medical devices is the most important among other resin chemistry, and due to its better curing and adhesive properties in specific applications it is becoming a preferred choice across final users.

Common applications of light curable adhesives are in the production of medical equipment and items including syringes, catheters & blood filter tubes, hearing aids, medical oxigenarators, and reservoirs.

"Focus shifting from diagnosis to prevention in North America (NA) and Europe healthcare market"

The medical device sector in developed nations of North America and Europe (EU) are moving from diagnosis to prevention. The increase of the medical device adhesives market in North America continent and EU can also be attributed to the increased aging population and the changing lifestyle and rised chronic diseases demand for medical devices has increased and this has resulted into quick increase of medical device adhesives in North America (NA) and Europe area. Therefrom, the medical device adhesive market in North America market continues to account the biggest share, because Europe (EU) forecasted to grow at the maximal rate in the upcoming five years.

Breakup of primary interviews:

• By Company category - Tier 1 - 56.0 percent, Tier 2 - 33.0 percent, and Others - 11.0 percent

• By Description - C-suite - 18.0 percent, D-suite - 33.0 percent, and Others - 59.0 percent

• By Area - North America continent - 36.0 percent, EU - 38.0 percent, Asia-Pac - 8.0 percent, South America area - 8.0 percent and Middle East area & African continent - 10.0 percent

The main companies decribed in this business report are Henkel AG & organization, Dymax Corporation, Honle Group, HB Fuller (NYSE:FUL), and Masterbond Inc.. Other actors competing these actors are Permabond Engineering Adhesives Ltd., Epoxy Technology Inc., Novachem Corporation Ltd, Incure Inc., and Adhesive Research.

Segment Research

This industry report includes in-depth segmentation of the overall medical device adhesive market established on resin type, application, and area. On the basis of resin type, the sector is divided into light curing, cyanoacrylates, acrylic, epoxy, silicone, and polyurethane. Established on application, the sector is divided into needles & syringes, catheters, tube sets, masks, polycarbonate devices, and pacemaker & other equipment. On the basis of area, the sector is divided into North America, Europe (EU), Asia Pacific (APAC), South America region, and Middle East (ME) & African continent.

Why acquiring this study can help you

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share study of top medical device actors, value chain study, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the overall medical device adhesive market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on medical device adhesive offered by the top actors in the overall medical device adhesive market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the overall medical device adhesive market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for medical device adhesive across regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall medical device adhesive market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall medical device adhesive market

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