The US Medical Adhesives and Sealants Market to Reach US$2.3 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.
San Jose, California, Apr 19, 2012 (PRWeb.com via COMTEX) --
Follow us on LinkedIn - Fueled by spurt in the demand for value-added, and high quality-based adhesive and sealant products in the past, rapid innovations were the main areas of focus in the medical adhesive and sealant industry to accomplish the unmet needs of the medical society. Adhesive products have successfully replaced the traditional adhesive and sealant products, given their superior qualities and enhanced functionalities and gained universal acceptance for many adhesion and sealing applications. Although medical and dental adhesives rake in a small percentage share in the overall adhesive and sealants industry, the segment is nevertheless, one of the most briskly growing, given the fact that adhesives, sealants, and glues are steadily replacing the conventional, and crude use of sutures, staples, and other biological dressings as wound closure products. Robust growth witnessed in the Medical Adhesives and Sealants industry is attributed to its product diversity, emerging applications, and renewed interest in the medical community. Specialized sealant products with superior functionality, which effectively control and seal air leakages, leaching body fluids and bleeding, especially in minimally invasive surgeries, are likely to gain higher demand in the sealant industry. Due to increasing penetration rates for the products in external tissue bonding and sealing purposes, adhesive products including cyanoacrylate, protein, and plasma-based adhesives are prophesied to capture robust growth in the market. Synthetic adhesives and sealants are also garnering much market interest because of their proven abilities to seal and enhanced ease to peel. Amongst chemical types, anaerobics, epoxies, polyvinyl acetals, polyethylene, radiation-cured products, and silicones are slated to propel the market's growth in the next few years.
Demand for conventional adhesive products stands implicitly reduced with technological advancements/innovations engulfing the markets. With the proliferation of adhesive and sealant products, innovation is on the rise and efforts to gain higher market acceptance are rife. The explosion of such innovative products is in a way, driving an increased demand for adhesive products, thus triggering the medical adhesives industry to bode well in future years. Development of innovative, and advanced adhesive and sealant products used in treating and sealing minor cuts and wounds, also pushed the medical community to essentially shift over from conventional sutures and staples to aesthetic adhesive products. With ample usage of polyethylene glycol in internal tissue sealing and bonding applications, mostly in cardiovascular surgeries, in addition to abdominal and cranial surgeries, the market is buoyant and shows no signs of abating in the medical industry in the immediate future.
High penetration rates for medical adhesive and sealant products in a broad range of surgical and dental procedures positioned the US as the largest market for medical adhesives and sealants globally. The medical and dental adhesives segment is one of the most briskly growing segments in the overall US adhesive and sealants industry. The growth trend is not unique only to the surgical, and trauma wound application areas, but is also prevalent in over the counter consumer application of adhesives and sealants in the form of first-aid bandages. The use of medical adhesives and sealants is also gaining preeminence in medical devices and equipment market. The Surgical/Internal applications category of Medical Adhesives & Sealants constitutes the largest segment in the market. Dental Surgical Tissue Bonding Agents segment is poised to grow at the fastest CAGR of 5.8% over the analysis period. The growing popularity of cosmetic dental procedures is additionally expected to give rise to healthy demand for bonding agents used specifically for this purposes. Hope for future growth stems from the possibility of the aging American population requiring greater dental healthcare intervention.
Major players in the market place include 3M Company, Adhesives Research Inc., Aveva Drug Delivery Systems, Baxter International Inc., Berry Plastics Corporation, Covidien Ltd., CryoLife Inc., Den-Mat Holdings LLC, DENTSPLY International Inc., Ethicon Inc., HARTMANN USA Inc., HemCon Medical Technologies Inc., Johnson & Johnson, Johnson & Johnson Consumer Companies Inc., Kerr Corporation, Procter & Gamble Company, Protein Polymer Technologies Inc., and Sybron Dental Specialties Inc.
The research report titled "Medical Adhesives and Sealants: A US Market Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the medical adhesives and sealants markets, impact of recession on the markets, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche market participants. The report provides annual sales estimates for the years 2009 through 2017 for product segments - Dental Adhesives & Sealants (Denture & Orthodontic Bonding Agents, Pit & Fissure Sealants and Luting Cements, Restorative Adhesives, Tray Adhesives, and Dental Surgical Tissue Bonding Agents); and Other Medical Adhesives & Sealants (Surgical/Internal, and External). The study also provides historic data for an insight into market evolution over the period 2003-2008 for additional perspective.
For more details about this comprehensive market research report, please visit -
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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