The aging population and advancements in medical procedures will prolong to fuel the market growth of the medical adhesives in various areas, including drug-delivery systems, implants, and therapeutic devices. Moreover, lack of proper reimbursement policies concerning the use and replacement of synthetic grade medical products inhibit the market growth. Improved functionality, higher purity, and time efficiency of these adhesives are expected to open new market avenues for medical adhesives over the forecast period.
Collagen commanded the largest natural resin type segment followed by fibrin within the medical adhesives market in 2014. Dental applications segment is projected to witness inadequate growth due to growing awareness about preventive oral care among consumers. North America commanded for the largest share driven by the rising awareness regarding the advantages of medical adhesives and technological innovations in medical adhesives. Europe held the second largest share in 2014, while Asia Pacific is anticipated to witness highest CAGR of around 10% over the forecast period led by the increasing awareness in medical sector and favorable economic growth of India and China.
The key players in the Medical Adhesives market include 3M Company, Ashland Inc, Johnson & Johnson, Cohera Medical Inc, GluStitch, Adhesion Biomedical, Baxter International Inc, Chemence, Henkel AG & Company, and B. Braun.
Natural resin types Covered:
o New Zealand
o Rest of Asia
o Middle East
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