Global medical device adhesive market is projected to grow at a substantial growth of CAGR 7.01% during the forecast period of 2020 to 2026 with estimated value of USD 6.3 billion. Medical devices adhesive are complex and sophisticated.
Competitive Analysis: Global Medical Device Adhesive Market
Global medical device adhesive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of medical device adhesive market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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They can be used outside the body, in the form of instrumentation or surgical tools, and can be used inside the body, for diagnostic monitoring or therapeutic purposes; these devices typically consist of components and materials that must be joined in some way. They are widely used in needles & syringes, catheters, tube sets, masks, polycarbonate devices, pacemaker.
Key Market Competitors: Global Medical Device Adhesive Market
Few of the major competitors currently working in the global medical device adhesive market are Henkel AG & company, Dymax Corporation, Honle Group, H.B. Fuller, Masterbond Inc., Permabond Engineering Adhesives Ltd., Epoxy Technology Inc., Novachem Corporation Ltd, Incure Inc., , Epoxy Technology, Novachem, Johnson & Johnson, General Electric Co., Medtronic., Baxter., Panacol-Elosol GmbH are few among others
Segmentation: Global Medical Device Adhesive Market
- By Resin Type (Light Curing, Cyanoacrylates, Acrylic, Epoxy, Silicone, Polyurethane)
- By Application (Needles & Syringes, Catheters, Tube Sets, Masks, Polycarbonate Devices, Pacemaker)
- By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
Market Drivers
- Increase in global population with rise in income level
- High growth in the implantable and wearable device market
- Expansion activities of medical device manufacturers
- High prevalence of chronic diseases
Market Restraint
- Alternative drug methods
- Re-Use of pen needles
- Higher technology cost
Reasons to Purchase this Report
- Current and future of global medical device adhesive market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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