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Medical Adhesives and Sealants Market

Medical Adhesives and Sealants Market (Synthetic (Acrylic, Cyanoacrylate, Silicone, Polyethylene Glycol, Other Synthetic) and Natural (Collagen, Fibrin, Albumin and Other Natural) for Internal, External and Dental Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Medical adhesives and sealants are chemical formulations that are safe for use in bonding applications during medical procedures. The use of adhesives and sealants in medical applications is relatively new except in joint implants and dentures. 
 
Increasing aging population across the globe is estimated to boost the market for medical services. Benefits such as ease of use, time efficiency, aesthetics and non-invasiveness have been major drivers for rising adoption of medical adhesives and sealants. However, stringent regulations associated with medical grade products coupled with lack of proper reimbursement policies for medical services are projected to hamper market growth during the forecast period. 
 
In order to reduce their reliance on synthetic (petroleum-derived) medical adhesives and sealants, major industry participants have been shifting their focus towards developing bio-based medical adhesives and sealants over the past few years. Bio-based medical adhesives and sealants based on plasma and protein-derived materials such as collagen, fibrin and albumin offer better biocompatibility for internal applications and are easily absorbed and assimilated in the body
 
North America continued to dominate the global medical adhesives and sealants market, accounting for over 35% share of the market in 2013. Asia Pacific was the fastest growing market for medical adhesives and sealants, constituting more than a quarter of market share in 2013. The market in the region is likely to grow at a CAGR of approximately 9% between 2014 and 2020. Europe held the second largest share of the market volume in 2013, while RoW occupied the smallest share of the total volume in the same year. 
 
Acrylic products emerged as the largest product segment, accounting for over 30% of the global medical adhesives and sealants consumed in 2013. Polyethylene glycol and cyanoacrylate are expected to be the fastest growing products, expanding at double digit CAGR between 2014 and 2020, due to development of formulations usable for internal applications. Bio-based medical adhesives and sealants including fibrin, albumin and collagen are set to witness rapid growth during the forecast period owing to their superior biocompatibility, and easy absorption and assimilation within the body. Collagen is the most used natural medical adhesive and sealant due to good bond strength, elasticity and biocompatibility. Collagen is a protein constituent in the animal connective tissue and has good adhesive properties. Fibrin is derived from plasma and lacks the bond strength and elasticity of collagen. However, fibrin shows good performance for blood clotting and hemostat applications. Silicone products are also expected to show promising gains as they are not derived from petroleum feedstock hence independent of crude oil price fluctuations. Additionally silicone products are stable and have excellent binding properties at extreme temperatures high or low. 
 
Internal applications constituted about half of the global market demand in 2013 and dominated the market in the same year. Internal applications are likely to be the fastest growing market for medical adhesives and sealants, expanding at a CAGR of over 8% between 2014 and 2020. Dental applications are estimated to witness limited growth due to increased awareness about preventive oral care among general population. External applications are expected to witness increasing gains on account of improving penetration of consumer products such as medical tapes and wound care solutions offered by market players.
 
The market is partly consolidated with top four players accounting for about half the total market revenue in 2013. Major players are expanding capacities as well as global footprint through acquisitions. Entry barriers are high due to capital intensive nature of the market along with long R&D and testing pipelines for new products. Regulatory authorities maintain strict scrutiny of production processes and the quality of the products to safeguard consumers. Key players in the market include 3M Company, Henkel AG, HB Fuller, Avery Dennison, Baxter International, CryoLife Inc., Johnson and Johnson, Dentsply International, Ashland Inc. and Adhesives Research Inc. among others
    Chapter 1 Preface
    1.1 Report description
    1.2 Market segmentation
    1.3 Research scope
          1.3.1 Assumptions
    1.4 Research methodology
     
    Chapter 2 Executive Summary
    2.1 Global medical adhesives and sealants market
          2.1.1 Global medical adhesives and sealants market snapshot, 2013 & 2020
     
    Chapter 3 Medical Adhesives and Sealants Market - Industry Analysis
    3.1 Introduction
    3.2 Value chain analysis
    3.3 Market drivers
          3.3.1 Rapidly aging world population
          3.3.2 Characteristics such as ease of use, non-invasiveness, aesthetics and time efficiency
    3.4 Market restraints
          3.4.1 Stringent regulations for medical grade products
          3.4.2 Lack of proper reimbursement policies
    3.5 Opportunities
          3.5.1 Introduction of encouraging government initiated reforms and introduction of treatment packages
    3.6 Porter’s Five Forces analysis
          3.6.1 Bargaining power of suppliers
          3.6.2 Bargaining power of buyers
          3.6.3 Threat of new entrants
          3.6.4 Threat from substitutes
          3.6.5 Degree of competition
    3.7 Medical adhesives and sealants: Market attractiveness analysis, 2013
          3.7.1 Global medical adhesives and sealants: Market attractiveness analysis, 2013
    3.8 Medical adhesives and sealants: Company market share, 2013
          3.8.1 Global medical adhesives and sealants: Company market share, 2013
     
    Chapter 4 Medical Adhesives and Sealants Market – Product Segment Analysis
    4.1 Global medical adhesives and sealants market: Product segment overview
          4.1.1 Global medical adhesives and sealants market volume share, by product segments, 2013 & 2020
    4.2 Synthetic medical adhesives and sealants
          4.2.1 Acrylic medical adhesives and sealants
                  4.2.1.1 Global acrylic medical adhesives and sealants market, 2013 - 2020, (Kilo Tons) (USD Million)
          4.2.2 Cyanoacrylate medical adhesives and sealants
                  4.2.2.1 Global cyanoacrylate medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.2.3 Silicone medical adhesives and sealants
                  4.2.3.1 Global silicone medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.2.4 Polyethylene glycol medical adhesives and sealants
                  4.2.4.1 Global polyethylene glycol medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.2.5 Other synthetic medical adhesives and sealants
                  4.2.5.1 Global other synthetic medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
    4.3 Natural medical adhesives and sealants
          4.3.1 Collagen medical adhesives and sealants
                  4.3.1.1 Global collagen medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.3.2 Fibrin medical adhesives and sealants
                  4.3.2.1 Global fibrin medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.3.3 Albumin medical adhesives and sealants
                  4.3.3.1 Global albumin medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
          4.3.4 Others natural medical adhesives and sealants
                  4.3.4.1 Global other natural medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)
     
    Chapter 5 Medical Adhesives and Sealants Market - Application Analysis
    5.1 Global medical adhesives and sealants market: Application overview
          5.1.1 Global medical adhesives and sealants market volume share, by applications, 2013 & 2020
    5.2 Internal applications
          5.2.1 Global medical adhesives and sealants market for internal applications, 2013 - 2020, (Kilo Tons) (USD Million)
    5.3 Dental applications
          5.3.1 Global medical adhesives and sealants market for dental applications, 2013 - 2020 (Kilo Tons) (USD Million)
    5.4 External applications
          5.4.1 Global medical adhesives and sealants market for external applications, 2013 - 2020 (Kilo Tons) (USD Million)
     
    Chapter 6 Medical Adhesives and Sealants Market - Regional Analysis
    6.1 Global medical adhesives and sealants market: Regional overview
          6.1.1 Global medical adhesives and sealants market share, by region, 2013 & 2020
    6.2 North America
          6.2.1 North America synthetic medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.2.2 North America natural medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.2.3 North America synthetic medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.2.4 North America natural medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.2.5 North America medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
          6.2.6 North America medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
    6.3 Europe
          6.3.1 Europe synthetic medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.3.2 Europe natural medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.3.3 Europe synthetic medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.3.4 Europe natural medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.3.5 Europe medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
          6.3.6 Europe medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
    6.4 Asia Pacific
          6.4.1 Asia Pacific synthetic medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.4.2 Asia Pacific natural medical adhesives and sealants market volume, by product       segment, 2013 - 2020 (Kilo Tons)
          6.4.3 Asia Pacific synthetic medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.4.4 Asia Pacific natural medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.4.5 Asia Pacific medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
          6.4.6 Asia Pacific medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
    6.5 Rest of the World (RoW)
          6.5.1 RoW synthetic medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.5.2 RoW natural medical adhesives and sealants market volume, by product segment, 2013 - 2020 (Kilo Tons)
          6.5.3 RoW synthetic medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.5.4 RoW natural medical adhesives and sealants market revenue, by product segment, 2013 - 2020 (USD Million)
          6.5.5 RoW medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
          6.5.6 RoW medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
     
    Chapter 7 Company Profiles
    7.1 3M Company
          7.1.1 Company overview
          7.1.2 Product portfolio
          7.1.3 Financial overview
          7.1.4 Business strategy
          7.1.5 SWOT analysis
          7.1.6 Recent developments
    7.2 Ashland Inc.
          7.2.1 Company overview
          7.2.2 Product portfolio
          7.2.3 Financial overview
          7.2.4 Business strategy
          7.2.5 SWOT analysis
          7.2.6 Recent developments
    7.3 Avery Dennison Corporation
          7.3.1 Company overview
          7.3.2 Product portfolio
          7.3.3 Financial overview
          7.3.4 Business strategy
          7.3.5 SWOT analysis
          7.3.6 Recent developments
    7.4 H.B Fuller Company
          7.4.1 Company overview
          7.4.2 Product portfolio
          7.4.3 Financial overview
          7.4.4 Business strategies
          7.4.5 SWOT analysis
          7.4.6 Recent developments
    7.5 Henkel AG & Co. KGaA
          7.5.1 Company overview
          7.5.2 Product portfolio
          7.5.3 Financial overview
          7.5.4 Business strategy
          7.5.5 SWOT analysis
          7.5.6 Recent developments
    7.6 Baxter International
          7.6.1 Company overview
          7.6.2 Product portfolio
          7.6.3 Financial overview
          7.6.4 Business strategy
          7.6.5 SWOT analysis
          7.6.6 Recent developments
    7.7 Dentsply Limited
          7.7.1 Company overview
          7.7.2 Product portfolio
          7.7.3 Financial overview
          7.7.4 Business strategy
          7.7.5 SWOT analysis
          7.7.6 Recent developments
    7.8 Adhesives Research Inc.
          7.8.1 Company overview
          7.8.2 Product portfolio
          7.8.3 Business strategy
          7.8.4 SWOT analysis
    7.9 Johnson & Johnson
          7.9.1 Company overview
          7.9.2 Product portfolio
          7.9.3 Financial overview
          7.9.4 Business strategy
          7.9.5 SWOT analysis
          7.9.6 Recent developments
    7.10 Cryolife Inc.
          7.10.1 Company overview
          7.10.2 Product portfolio
          7.10.3 Business strategy
          7.10.4 SWOT analysis
          7.10.5 Recent developments
    List of Tables
     
    TABLE 1 Global medical adhesives and sealants market snapshot, 2013 & 2020
    TABLE 2 Drivers for the medical adhesives and sealants market: Impact analysis
    TABLE 3 Restraints for medical adhesives and sealants market: Impact analysis
    TABLE 4 North America synthetic medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 5 North America natural medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 6 North America synthetic medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 7 North America natural medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 8 North America medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
    TABLE 9 North America medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
    TABLE 10 Europe synthetic medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 11 Europe natural medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 12 Europe synthetic medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 13 Europe natural medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 14 Europe medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
    TABLE 15 Europe medical adhesives and sealants market revenue, by application 2013 - 2020 (USD Million)
    TABLE 16 Asia Pacific synthetic medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 17 Asia Pacific natural medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 18 Asia Pacific synthetic medical adhesives and sealants market revenue, by product segments 2013 - 2020 (USD Million)
    TABLE 19 Asia Pacific natural medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 20 Asia Pacific medical adhesives and sealants market volume, by application, 2013 - 2020 (Kilo Tons)
    TABLE 21 Asia Pacific medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
    TABLE 22 RoW synthetic medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 23 RoW natural medical adhesives and sealants market volume, by product segments, 2013 - 2020 (Kilo Tons)
    TABLE 24 RoW synthetic medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 25 RoW natural medical adhesives and sealants market revenue, by product segments, 2013 - 2020 (USD Million)
    TABLE 26 RoW medical adhesives and sealants market volume, by application 2013 - 2020 (Kilo Tons)
    TABLE 27 RoW medical adhesives and sealants market revenue, by application, 2013 - 2020 (USD Million)
     

    List of Figures 

     

    FIG. 1 Global medical adhesives and sealants market: Market segmentation

    FIG. 2 Global medical adhesives and sealants market, 2013 – 2020 (Kilo Tons) (USD Million)

    FIG. 3 Medical adhesives and sealants: Value chain analysis

    FIG. 4 Global population statistics, by age-group, 2000 & 2050 (%)

    FIG. 5 Cosmetic surgery procedures in 2013 (Million instances)

    FIG. 6 Porter’s Five Forces analysis

    FIG. 7 Medical adhesives and sealants: Market attractiveness analysis, 2013

    FIG. 8 Medical adhesives and sealants: Company market share, 2013

    FIG. 9 Global medical adhesives and sealants market share, by product segments, 2013 & 2020

    FIG. 10 Global synthetic medical adhesives and sealants market, 2013 - 2020, (Kilo Tons) (USD Million)

    FIG. 11 Global acrylic medical adhesives and sealants market, 2013 - 2020, (Kilo Tons) (USD Million)

    FIG. 12 Global cyanoacrylate medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 13 Global silicone medical adhesives and sealants market, 2013 – 2020 (Kilo Tons) (USD Million)

    FIG. 14 Global polyethylene glycol medical adhesives and sealants market, 2013 – 2020 (Kilo Tons) (USD Million)

    FIG. 15 Global other synthetic medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 16 Global natural medical adhesives and sealants market, 2013 - 2020, (Kilo Tons) (USD Million)

    FIG. 17 Global collagen medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 18 Global fibrin medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 19 Global albumin medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 20 Global other natural medical adhesives and sealants market, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 21 Global medical adhesives and sealants market share, by applications, 2013 & 2020

    FIG. 22 Global medical adhesives and sealants market for internal applications, 2013 - 2020, (Kilo Tons) (USD Million)

    FIG. 23 Global medical adhesives and sealants market for dental applications, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 24 Global medical adhesives and sealants market for external applications, 2013 - 2020 (Kilo Tons) (USD Million)

    FIG. 25 Global medical adhesives and sealants market share, by region, 2013 & 2020

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Medical Adhesives and Sealants Market

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