north america medical device adhesives and sealants Market

The North America medical adhesive and sealants market is expected to reach US$ 7,114.7 million by 2027 from US$ 3,935.8 million in 2019. The market is expected to grow at a CAGR of 7.8% 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, 3M offers different types of adhesive medical tapes through its brands, such as Micropore, Medipore, and Transpore. 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 the 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 sealants market during the future years.

North America has been witnessing a growing number of COVID-19 cases. To deal with the situation, the market players are focusing their business operations on increasing the production of medical adhesives and sealants. Moreover, many pharmaceutical companies had to temporarily close their operations. Medical device manufacturers are facing extraordinary challenges to rapid delivery in the emergency medical supplies with increased supply and demand from COVID-19. As a result, the companies are turning to non-traditional methods to manufacture and the increased supply and demand. The impact of the COVID-19 pandemic on the regional medical adhesive and sealants market is high.

The synthetic segment held the largest share of the market in 2019. The segment 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 North America medical adhesive and sealants market report include World Health Organization, Health Canada, Centers for Disease Control, Food and Drug Administration, and American College of Cardiology.