europe medical device adhesives & sealants Market

The Europe medical adhesive and sealants market is expected to reach US$ 4,248.23 million by 2027 from US$ 2,484.47 million in 2019. The market is expected to grow at a CAGR of 7.0% 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 are among the largely utilized consumables in the healthcare-related services. The adhesives are used in medical tapes, transdermal patches, medical devices assembling, and other applications. The key players in the market offer an excellent range of medical tapes as per the clinical applications. For instance, GlaxoSmithKline, Henkel is among the market leaders that offer different types of adhesive medical tapes through its brands, such as LOCTITE and Super Poligrip. These products are developed to minimize Medical adhesive-related skin injuries (MARSI). The market players are actively developing adhesives and sealants to reduce post-use complications. The sealants are gaining popularity in medical implant-related procedures owing to easy availability and wider applications in the healthcare sector. Thus, increasing adoption of new technologies to develop medical adhesives and sealants is likely to be a prevalent trend in the medical adhesive and sealant market during the forecast period.

Europe has been severely impacted due to the COVID-19 outbreak. Governments in the region are taking defensive measures, such as complete quarantine and shutting down all business operations, to curb the spread of the virus. Shutting down of business operations is expected to have a drastic impact on product launches and distributions channels. Moreover, hospitals are cancelling the scheduled surgeries and having second thoughts on major surgeries planned. These factors are expected to hamper the growth of the medical adhesive and sealants market in Europe.

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 Europe medical adhesive and sealants market report include World Health Organization, World Health Federation, National Health Service Dental statistics, European Cardiovascular Disease Statistics, and European Centre for Disease Prevention and Control.