asia pacific medical device adhesives & sealants Market

The Asia Pacific medical adhesive and sealants market is expected to reach US$ 3,638.60 million by 2027 from US$ 1,961.89 million in 2019. The market is expected to grow at a CAGR of 8.1% during 2020–2027.

Increasing number of medical implant/transplant procedures and rising adoption of minimal invasive procedures are driving the market in the region. Additionally, wide applications in medical devices and drug delivery systems and increasing development in medical adhesive and sealant technologies are likely to fuel the growth of the medical adhesive and sealants market during the forecast period. However, complications associated with the medical adhesive and sealants are likely to restrain the growth of the market.  

Medical adhesive and sealants are manufactured as per the medical grades. They are mainly used for assembling medical devices. They also help optimize assembly speeds to enable better processing, provide greater output as well as reduce associated costs. In the recent years, along with the technological developments in medical device industry, the demand for medical adhesive and sealants has also increased significantly.

Medical adhesives and sealants (MAaS) are used as an aid to prevent blood loss during different surgical procedures, such as cardiovascular surgeries, organ implants, and orthopedic procedures. MAaS prevent air and liquid leakages during and after surgical procedures and other applications and facilitate natural wound healing. The adhesives and sealants are used as alternatives to surgical sutures and staples. Medical practitioners are increasingly adopting different types of such products, which, in turn, is fueling the demand for medical adhesives and sealants. For instance, organ transplant is among the surgical producers that involve large incisions on the human body. Post-surgical wounds are sealed with the help of surgical sutures and staples. The wounds need to be healed fast to avoid post-operation complications, such as wound infection and bleeding. The adhesives and sealants can help in preventing such complications. Government is taking initiatives to increase the rate of organ transplantation in the emerging countries. For instance, the Indian government implemented the National Organ Transplant Programme with a budget of INR 149.5 crore (US$ 21 million) for promoting deceased organ donation in 2019.

Furthermore, the restorative dentistry procedures include dental implants, especially among geriatric population; however, increasing number of younger people are now opting for dental implantation procedures instead of bridges. Such factors are expected to boost the market growth in the upcoming years.

Countries in Asia Pacific are witnessing a major challenge due to the COVID-19 outbreak. Healthcare industries have been affected severely, considering the economic conditions in the current situation. After its first case in December 2019 in Wuhan, China, the COVID-19 virus has spread to at least 180 countries and other regions. The COVID-19 numbers are changing owing to various factors, such as prevalence of patients, with dental problems, bone wound, cardiac surgeries, cranial problems, pulmonary diseases, and other factors and there is need of adhesive and sealants for the respected diseases. The medical adhesives and sealants are used in the medical devices during assembly to protect the electronic parts, such as connection joints, gaps among the components, and other applications in the medical devices. The use of adhesives and sealants depends on the use of medical devices. Restrictive measures have been taken to control the spread of the COVID-19 pandemic. Adhesive and sealant companies are facing major challenges on a number of fronts due to the COVID-19 pandemic. This pandemic is affecting the business operation of the various key players operating in this region.

The synthetic segment held the largest share of the market in 2019, and is anticipated to register the highest CAGR in the market during the forecast period. The growth of the synthetic segment is attributed to versatility and high-quality performance of the synthetic adhesives over natural adhesives. Moreover, these adhesives can be modified as per the need and have better adhesion properties than the natural adhesives. These factors are projected to drive the segment during the forecast period.

A few major secondary sources associated with the Asia Pacific medical adhesive and sealants market report include World Health Organization, World Health Federation, National Health Service Dental statistics, National Center for Biotechnology Information, and Australian Dental Association.