The strongest factors driving the medical adhesives market growth include the augmentation in the per capita income, growth in the population, increment in the healthcare expenditure in developing nations, and rise in the demand for disposable medical products and equipment. These drivers will increase the market size from $8,714.9 million in 2019 to $16,367.2 million by 2030. This growth will be at a CAGR of 2.3% during the forecast period of 2020–2030.



The growing demand for disposable medical products, equipment, and devices will catalyze the medical adhesives market advance during the forecast period. This can be attributed to the rising number of patients undergoing surgery or long-term chronic care therapy; adhesives are also used during drug delivery. The utilization of medical devices has increased due to the rising focus of hospitals and outpatient facilities on infection prevention and safety measures. Moreover, the growing emphasis of governments on public health and hospital-acquired infection prevention will propel the demand for disposable medical devices.


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Geographically, North America accounted for the largest share in the medical adhesives market during the historical period of 2014–2019. It can be attributed to the increase in the product demand, high purchasing power, and growth in the opportunities for innovation in the healthcare sector in the region. The market growth has also been driven by government initiatives, such as Medicaid, Medicare, Veterans' Health Administration, and children’s health insurance program, which account for around 65% of the healthcare expenditure in the U.S.



During the forecast period, the Asia-Pacific (APAC) region is expected to demonstrate the fastest growth in the global medical adhesives market. This expeditious growth will be driven by the large population, improving healthcare infrastructure, rising number of low-, medium- and high-tech medical product manufacturing units, government initiatives, and growing private and government investments. The heavy consumption of needles, syringes, personal protective equipment (PPE) products, surgical tapes, medical tubes, and other medical products will add to the rapid growth of the regional market in the future.



Therefore, the improving healthcare facilities and rising application of medical devices and equipment will drive the requirement for medical-grade adhesives in the years to come.