As per a P&S Intelligence report, the global medical adhesives market is predicted to attain a revenue of $16,367.2 million by 2030, increasing from $8,714.9 million in 2019, and is projected to advance at a 2.3% CAGR during the forecast period (2020–2030). The market is registering growth due to the improving per capita income, increasing population, rising healthcare expenditures in emerging economies, and growing medical products and equipment manufacturing bases. In terms of resin, the market is divided into natural, acrylic, polyurethane, epoxy, silicone, rubber, and cyanoacrylate.


When application is taken into consideration, the medical adhesives market is divided into medical devices & equipment, dental, external medical application, and internal medical application. Among all these, the internal medical application division is projected to account for the largest share of the market during the forecast period. This is because of the application of bio-adhesives which are generally used in intracorporal conditions. Direct contact with tissues, organs, and body fluids is needed under such applications for reducing bleeding complications, which is why demand for medical adhesives is growing.


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The rising awareness regarding health and enhancing macroeconomic factors in emerging economies is a major factor that is driving the demand for medical adhesives. The increased gross domestic product in countries including Brazil, China, and India has resulted in the change in spending habits of people, in terms of food and health. As the spending in the healthcare sector is growing the demand for improved medical devices and equipment is growing as well, thereby leading to the increasing demand for medical adhesives.


Other than this, the rising demand for medical disposable equipment, products, and devices is also resulting in the growth of the medical adhesives market. This is due to the surging number of patients who are undergoing surgical procedures or long-term chronic care therapy and drug delivery. This is emphasizing the need for infection prevention and safety measure by medical settings in outpatient facilities. Governments of various countries are further focusing on encouraging the use of disposable medical products in the healthcare sector for improving safety standards.


Hence, the demand for medical adhesives is increasing because of the growing awareness regarding health, macroeconomic growth, and adoption of disposable medical products.