Global Medical Adhesives and Sealants Market Research Key Players, Industry Overview and Forecasts to 2020-2026
The Infinium Global Research analyzes the Medical Adhesives and Sealants Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global medical adhesives and sealants market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of medical adhesives and sealants. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the medical adhesives and sealants market during the period.
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Future Trends Due to Increasing Development in Medical Adhesive and Sealant Technologies are Anticipated to Boost the Market During the Forecast Period
The increasing number of medical implantation/transplantation procedures being carried out and rising adoption of minimally invasive procedures are the factors responsible for the growth of the medical adhesives and sealants market. The adhesives and sealants are utilized as substitutes for surgical sutures and staples. The medical practitioners are progressively adopting different types of such products, which, in turn, are anticipated the growth in demand for medical adhesives and sealants. Moreover, the restorative dentistry procedures comprise dental implants, particularly among the geriatric population across the world; nevertheless, a rising number of younger people are now choosing dental implantation procedures instead of bridges. Consequently, such associated factors are projected to lead the market in the upcoming years. On the other hand, complications associated with medical adhesives and sealants hamper market growth.
However, future trends due to increasing development in medical adhesive and sealant technologies are anticipated to boost the market during the forecast period. Additionally, the current concern over the spread of coronavirus is also expected to have a negative impact on the medical adhesive and sealants market. With social distancing being the primary way to condense the spread of infection and flatten the curve, governments across the world have encouraged controlling close contact, movement of people, and travel. The epidemic has affected the healthcare sector in manifold ways. Access to healthcare services remains harshly interrupted on two counts i.e. physician clinics and hospital out-patient departments remain shuts over worries of infection spread; and primary healthcare resources are being repurposed and attentive for the treatment of COVID-19 patients. Lack of proper PPE equipment is the single most significant factor responsible for the closure of physician offices and out-patient clinics treating non-COVID patients. Surgeons have therefore been unable to see new patients or deliver timely follow-up care for existing patients.
North America Region is Expected to Hold the Largest Share in the Global Medical Adhesives and Sealants Market
Among the geographies, the North America region is expected to hold the largest share in the global medical adhesives and sealants market owing to the high-quality healthcare and modern medical technology in the region. Moreover, the growing importance of surgical care in public health policies in the US is anticipated to positively contribute to the growth of the market. However, the Asia Pacific region is projected to grow with a considerable CAGR over the projection period. The on-going transformation of healthcare delivery systems into advanced value-based healthcare practices that create a sustainable health system is anticipated to contribute to the overall growth of the market over the projection period.
Medical Adhesives and Sealants Market: Segmentation
The report on global medical adhesives and sealants market covers segments such as product, technology, and application. On the basis of product, the sub-markets include synthetic, and natural. On the basis of technology, the sub-markets include waterborne, solvent-borne, and other. On the basis of application, the sub-markets include internal, dental, and external.
Medical Adhesives and Sealants Market: Competitive Landscape
The report provides profiles of the companies in the market such as Ethicon Inc., Covidien, B. Braun, Henkel AG & Company, Baxter International Inc., 3M, Adhesion Biomedical, Cohera Medical, Inc., H.B. Fuller, and CryoLife.
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