Medical Adhesives Market Summary
As per Market Research Future Analysis, the Global Medical Adhesives Market was valued at USD 9.1 Billion in 2022 and is projected to grow from USD 9.58 Billion in 2023 to USD 16.48 Billion by 2030, with a CAGR of 7.15% during the forecast period. The market is driven by the increasing demand for innovative medical devices and the rising elderly population, which is more susceptible to various diseases. Synthetic medical adhesives dominate the market due to their superior performance compared to natural alternatives. The dental application segment held the largest market share in 2021, reflecting the extensive use of adhesives in dentistry. North America leads the market, accounting for over 25% of the share, supported by significant investments in medical device innovation.
Key Market Trends & Highlights
Key trends influencing the Medical Adhesives Market include advancements in product development and increasing applications across various medical fields.
- Market Size in 2022: USD 9.1 Billion
- Projected Market Size by 2030: USD 16.48 Billion
- CAGR from 2023 to 2030: 7.15%
- North America holds over 25% market share in 2023
Market Size & Forecast
2022 Market Size | USD 9.1 Billion |
2023 Market Size | USD 9.58 Billion |
2030 Market Size | USD 16.48 Billion |
CAGR | 7.15% |
Major Players
Major players include H.B. Fuller (US), Johnson & Johnson (US), Ashland Inc. (US), 3M (US), and Arkema Group (France).