Medical Device Adhesive Market Insights | Technology, Growth, Industrial Analysis and 2021 Forecast Report

The Medical Device Adhesive Market Global Industry is estimated to be USD 2.32 Billion in 2016, and is projected to reach USD 3.20 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021.

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In this study, 2015 has been considered the base year to estimate the market size. The report provides the short term forecast from 2016 to 2021. This report aims to estimate the market size and future growth potential of the global medical device adhesive market across different segments such as resin type, application, and region. Factors influencing market growth such as drivers, restraints, opportunities, and industry-specific challenges have been studied in the report. The report analyzes the opportunities in the market for stakeholders and presents the competitive landscape for the market leaders.

The top-down and bottom-up approaches have been used to estimate and validate the size of the global medical device adhesive market and estimate the sizes of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government associations. Private & company websites have also been used to identify and collect information useful for the technical, market-oriented, and commercial study of the global medical device adhesive market. After arriving at the total market size, the overall market has been split into several segments and subsegments. The figure given below provides a breakdown of the primaries conducted during the research study, on the basis of company type, designation, and region.

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The value chain for medical device adhesive begins with raw material manufacturers such as solvents, resins, tackifiers, and additives. These raw materials are procured by adhesives manufacturers and they manufacture different types of adhesives, which are then sold to medical device manufacturers. The maximum value is added at the adhesive manufacturing stage, as the basic chemicals are mixed and processed with other chemicals to achieve the desired strength and other properties for specific applications.

Key medical device adhesive manufacturers are Henkel AG & company (Germany), Dymax Corporation (U.S.), Honle Group (Germany), H.B. Fuller (U.S.), Masterbond Inc. (U.S.), Permabond Engineering Adhesives Ltd. (U.K.), Epoxy Technology Inc. (U.S.), Novachem Corporation Ltd (Ireland), Incure Inc. (U.S.), and Adhesive Research (Ireland). The value chain includes the manufacturing of medical device adhesives and the delivery of products to the end users such as manufacturers of needles & syringes, catheters, tube sets, masks, polycarbonate devices, and pacemaker & other equipment.