Global Water-based Medical Adhesives Market Size (2023-2030)

In 2022, the Global Water-based Medical Adhesives Market was valued at $4.23 billion, and is projected to reach a market size of $6.14 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 4.77%.

Water is the primary solvent in the specialized adhesives known as "water-based medical adhesives," which are used in numerous medical applications. These adhesives, which were made specifically to adhere to biological tissues, have reliable bonding and sealing capabilities. Operations, wound healing, and the creation of medical devices all frequently involve their use. Medical adhesives made of water have several advantages over those made of traditional solvents. Their biocompatibility, lack of toxicity, and low volatility make them less likely to damage tissue or have negative effects. Furthermore, the exceptional flexibility of these adhesives permits normal tissue movement without weakening the bond. Water, polymer components, cross-linking agents, and other additives are frequently added during the formulation process to improve the adhesive properties of water-based medical adhesives. They can be easily spread or sprayed onto the desired area because they are typically applied in liquid form. After being used, the adhesive goes through a curing process in which the water is expelled, leaving behind a solid and long-lasting bond. Medical applications such as tissue engineering, drug delivery systems, incision sealing, and wound closure all rely heavily on water-based medical adhesives. They are useful tools in contemporary healthcare due to their biocompatibility, adaptability, and strong adhesive qualities, which help to improve patient outcomes and boost the performance of medical devices. The market for water-based medical adhesives is consistently propelling as a result of the rising demand for advanced wound care products and the rising number of surgical procedures. These adhesives offer a variety of advantages, such as improved patient comfort, exceptional adhesion, and bio-compatibility. Due to ongoing technological advancements and arising healthcare infrastructure, the market is expected to keep growing, especially in the Asia Pacific region. Market expansion may be hampered, though, by regulatory challenges and pricing restrictions. 

Global Water-based Medical Adhesives Market Drivers:

Increasing Demand for Advanced Wound Care Products is fuelling market growth.

The rising demand for innovative wound care products is driving the global market for water-based medical adhesives. As a result of elements like the aging population and lifestyle changes, the prevalence of chronic wounds has significantly increased. Examples include diabetic ulcers and venous leg ulcers. Effective wound closure methods that encourage faster healing and reduce the risk of infection are needed for these chronic wounds. To provide a strong and comfortable bond, water-based medical adhesives are frequently used in adhesive strips and tapes for wound closure. They firmly adhere to the skin and form a strong bond, which promotes healing. The market is embracing water-based medical adhesives due to the rising demand.

The Increasing Number of Surgical Procedures is propelling market demand for water-based adhesives.

The rising number of surgical procedures performed around the world is another important factor propelling the market for water-based medical adhesives. The demand for surgical interventions has been steadily increasing as a result of developments in medical technology. Surgical tape and drapes, which are used to secure the surgical site, provide support, and stop the entry of bacteria and contaminants, are common uses for water-based medical adhesives. The tapes and drapes are guaranteed to stay in place throughout the surgical procedure thanks to the high bond strength and flexibility of these adhesives. Additionally, water-based medical adhesives are suitable for use in surgical settings because they are biocompatible, non-toxic, and do not irritate the skin. The number of surgical procedures across all medical specialties is expected to increase, which will significantly increase the demand for water-based medical adhesives.

Global Water-based Medical Adhesives Market Challenges:

The existence of strict regulatory standards is one of the biggest obstacles facing the global market for water-based medical adhesives. Medical adhesives used in healthcare settings must adhere to several rules and specifications, consisting of ISO 10993 (Biomedical Standard) for bio-compatibility. Manufacturers must comply with specific requirements relating to safety, efficacy, and quality control under these regulations. It can take a lot of testing and documentation to comply with these standards, which can be a challenging and time-consuming process. Water-based medical adhesives are more expensive to produce overall due to the strict regulatory environment, and manufacturers face difficulties in maintaining both competitive pricing and regulatory compliance.

Global Water-based Medical Adhesives Market Opportunities:

The arising emphasis on minimally invasive surgeries represents a significant market opportunity in the global market for water-based medical adhesives. The benefits of minimally invasive procedures include fewer scars, shorter hospital stays, and quicker recovery times. By securely bonding and sealing incisions or wounds without the use of conventional sutures or staples, water-based medical adhesives can play a critical role in these procedures. Water-based medical adhesives have a chance to be used more frequently in surgical applications due to the rising demand for minimally invasive procedures, which will boost the market growth. 

COVID-19 Impact on Global Water-based Medical Adhesives Market:

The COVID-19 outbreak has increased awareness of hygienic procedures and infection control measures, which has contributed to an escalation in demand for water-based medical adhesives. These adhesives are crucial for keeping things clean and avoiding infections because they are used in so many medical procedures, including the use of surgical tape and wound closures. The market for water-based medical adhesives has expanded as a result of rising healthcare awareness and the demand for cutting-edge wound care solutions during the pandemic. The COVID-19 pandemic has decreased the number of elective surgeries and non-emergency medical procedures done globally. The demand for medical adhesives made of water that are used to make surgical tape and drapes has been negatively impacted by the decline in surgical procedures. The pandemic's effects on the supply chain and limitations on production and distribution have also created difficulties for the market. The market has also been negatively impacted by the unstable economic climate and decreased healthcare spending in some areas.

Global Water-based Medical Adhesives Market Recent Developments:

In August 2021, Baxter International Inc. completed the acquisition of some assets from CryoLife, Inc. for the PerClot Polysaccharide Hemostatic System. The acquisition broadens Baxter's selection of products for advanced surgery and is estimated to be worth up to $60.8 million. Baxter put down a $25 million deposit and will add to it once certain goals are met. PerClot, a global product sold in more than 35 nations, is not yet available for purchase in the United States.

GLOBAL WATER-BASED MEDICAL ADHESIVES MARKET REPORT COVERAGE:

Global Water-based Medical Adhesives Market Segmentation: By Application

• Internal Use

  • Wound Closure

  • Tissue Bonding

  • Surgical Procedures

• External Use

  • Wound Dressings

  • Medical Tapes

Internal use and external use are two application-based segments of the global market for water-based medical adhesives. Applications for internal use on the market consist of surgical procedures, tissue bonding, and wound closure. Due to the arising incidence of chronic wounds and the demand for cutting-edge wound care products, wound closure is a crucial application and held the largest market share. Due to its uses in tissue engineering and surgical procedures, tissue bonding is becoming more popular. The market includes medical tapes and wound dressings for external use. Medical tapes are used to support and secure dressings, while wound dressings are essential for promoting wound healing and preventing infections. Both segments of the market are expanding, and wound closure and wound dressings command sizeable market shares. The rising demand for advanced wound care products and the expanding use of water-based medical adhesives in surgical procedures both contribute to the market's overall expansion.

Global Water-based Medical Adhesives Market Segmentation: By End-User

• Hospitals

• Clinics

• Ambulatory Surgical Centers

• Homecare

• Others

Hospitals, clinics, ambulatory surgical centers, home care, and other end-users can be classified under the end-user segment of the global market for water-based medical adhesives. The largest end-user group, comprising a sizeable market share, is hospitals. The demand for water-based medical adhesives is driven by the significant patient influx in hospitals and the rising number of surgical procedures. Clinics and ambulatory surgical centers also make up a significant portion of the market share because they carry out a variety of medical procedures and need adhesive products for surgical applications and wound closures. Due to the growing popularity of home healthcare and the need for user-friendly, simple-to-apply medical adhesive products, the homecare market is steadily expanding. The market is also influenced by other end-users like specialty clinics and long-term care facilities. Hospitals hold the majority of the market share because they are the main consumers, followed by clinics and ambulatory surgical centers. However, because more people are choosing to receive medical care at home, the homecare market is anticipated to grow significantly over the next few years. 

Global Water-based Medical Adhesives Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

North America, Europe, Asia Pacific, South America, and the Middle East & Africa are the regions into which the global market for water-based medical adhesives can be divided. Due to its developed healthcare infrastructure, high healthcare spending, and emphasis on cutting-edge wound care products, North America holds a sizable market share. Due to the presence of major market players and rising demand for medical adhesives in surgical applications, Europe also holds a sizeable portion of the global market. Due to the arising healthcare spending, bettering healthcare infrastructure, and increased awareness of advanced wound care products, Asia Pacific is predicted to experience rapid market growth. The market is expanding in South America, the Middle East, and Africa as a result of advancing healthcare infrastructure and arising healthcare investment. Although Asia Pacific is expected to have significant growth potential due to favorable market dynamics and rising demand for water-based medical adhesives in the region, North America and Europe currently hold the majority of the market share. 

Global Water-based Medical Adhesives Market Key Players:

1. Ashland Inc. (US)

2. B. Fuller (US)

3. Johnson & Johnson (US)

4. 3M (US)

5. Henkel AG & Company

6. Chemence

7. Arkema Group (France)

8. Dow (US)

9. Avery Dennison Corporation (US)

10. Cohera Medical Inc.