Global Water-based Medical Adhesives Market Research Report Segmented by Application (Internal Use (Wound Closure, Tissue Bonding, Surgical Procedures), External Use (Wound Dressings, Medical Tapes)); by End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare, and Others); and Region - Size, Share, Growth Analysis | Forecast (2024 2030)

Market Size and Overview:

In 2023, the Global Water-based Medical Adhesives Market was valued at USD 4.43 billion, and is projected to reach a market size of USD 6.14 billion by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 4.77%.

Water serves as the primary solvent in specialized adhesives recognized as "water-based medical adhesives," extensively employed in various medical applications. These adhesives, specifically designed for adherence to biological tissues, demonstrate reliable bonding and sealing capabilities. Their application spans operations, wound healing, and the fabrication of medical devices. Water-based medical adhesives offer distinct advantages over counterparts utilizing traditional solvents. Their attributes, including biocompatibility, non-toxicity, and low volatility, contribute to reduced tissue damage and adverse effects. Moreover, the adhesives' exceptional flexibility allows for normal tissue movement without compromising the bond. During the formulation process, water, polymer components, cross-linking agents, and other additives are commonly incorporated to enhance the adhesive properties of water-based medical adhesives. Typically applied in liquid form, these adhesives can be easily spread or sprayed onto the targeted area. Post-application, the adhesive undergoes a curing process, expelling water and leaving behind a durable and enduring bond. Water-based medical adhesives play a pivotal role in various medical applications, such as tissue engineering, drug delivery systems, incision sealing, and wound closure, owing to their biocompatibility, adaptability, and robust adhesive qualities. These attributes contribute to improved patient outcomes and heightened performance of medical devices in contemporary healthcare. The market for water-based medical adhesives is consistently advancing, fueled by increasing demand for advanced wound care products and a growing number of surgical procedures. The adhesives offer advantages such as enhanced patient comfort, superior adhesion, and biocompatibility. Anticipated market growth, especially in the Asia Pacific region, is attributed to ongoing technological advancements and expanding healthcare infrastructure. However, regulatory challenges and pricing restrictions may pose obstacles to market expansion.

Global Water-based Medical Adhesives Market Drivers:

The Surge in Demand for Advanced Wound Care Products Drives Market Growth.

The global market for water-based medical adhesives is witnessing growth propelled by the increasing demand for innovative wound care products. Factors such as an aging population and lifestyle changes contribute to a significant rise in chronic wounds, including diabetic ulcers and venous leg ulcers. Effective wound closure methods that facilitate faster healing and reduce infection risk are imperative for addressing these chronic wounds. Water-based medical adhesives are frequently employed in adhesive strips and tapes for wound closure, forming a robust and comfortable bond with the skin. The market's acceptance of water-based medical adhesives is aligned with the growing demand for advanced wound care.
 

The Surge in Surgical Procedures Drives Market Demand for Water-based Adhesives.

Another crucial factor propelling the market for water-based medical adhesives is the escalating number of surgical procedures globally. Advances in medical technology have led to a steady increase in the demand for surgical interventions. Water-based medical adhesives find common use in surgical tape and drapes, providing secure attachment, support, and prevention of bacterial and contaminant entry. Their high bond strength and flexibility ensure that tapes and drapes remain in place throughout surgical procedures. Additionally, the biocompatible, non-toxic nature of water-based medical adhesives makes them suitable for surgical settings without causing skin irritation. With an anticipated rise in surgical procedures across medical specialties, there is a significant expected increase in the demand for water-based medical adhesives.

Global Water-based Medical Adhesives Market Challenges:

One of the primary hurdles confronting the worldwide market for water-based medical adhesives is the stringent regulatory standards governing the field. Adhesives employed in healthcare environments must adhere to numerous rules and specifications, including ISO 10993 (Biomedical Standard) for biocompatibility. Manufacturers are obligated to comply with specific requirements related to safety, efficacy, and quality control within these regulations. Achieving compliance with these standards involves extensive testing and documentation, constituting a demanding and time-consuming process. The rigorous regulatory environment renders the overall production of water-based medical adhesives more expensive, posing challenges for manufacturers in maintaining competitive pricing while meeting regulatory requirements.

Global Water-based Medical Adhesives Market Opportunities:

The emerging focus on minimally invasive surgeries presents a noteworthy opportunity in the global market for water-based medical adhesives. Minimally invasive procedures offer advantages such as reduced scarring, shorter hospital stays, and faster recovery times. Water-based medical adhesives can play a pivotal role in these procedures by securely bonding and sealing incisions or wounds without the need for traditional sutures or staples. With the growing demand for minimally invasive procedures, there is an opportunity for increased utilization of water-based medical adhesives in surgical applications, thereby fostering market growth.

Global Water-based Medical Adhesives Market Segmentation: 

Global Water-based Medical Adhesives Market Segmentation: By Application

• Internal Use

• Wound Closure
• Tissue Bonding
• Surgical Procedures

• External Use

• Wound Dressings
• Medical Tapes

The global market for water-based medical adhesives is categorized by application into two segments: internal use and external use. Internal applications encompass surgical procedures, tissue bonding, and wound closure. Wound closure, holding the largest market share due to the increasing incidence of chronic wounds and the demand for advanced wound care products, is a critical application. Tissue bonding is gaining popularity for its uses in tissue engineering and surgical procedures. The external use category includes medical tapes and wound dressings. Medical tapes are utilized for supporting and securing dressings, while wound dressings play a crucial role in promoting wound healing and preventing infections. Both segments are witnessing expansion, with significant market shares held by wound closure and wound dressings. The market's overall expansion is driven by the rising demand for advanced wound care products and the increasing utilization of water-based medical adhesives in surgical procedures.

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 constitute the end-user segment of the global market for water-based medical adhesives. Hospitals, as the largest end-user group with a substantial market share, experience heightened demand driven by a significant patient influx and an increasing number of surgical procedures. Clinics and ambulatory surgical centers also contribute significantly to the market share, utilizing adhesive products for various medical procedures, including surgical applications and wound closures. The homecare market is steadily expanding due to the growing popularity of home healthcare and the need for user-friendly medical adhesive products. Other end-users, including specialty clinics and long-term care facilities, also influence the market. While hospitals dominate the market share as primary consumers, followed by clinics and ambulatory surgical centers, the homecare market is anticipated to witness significant growth in the coming years as more individuals opt for home-based medical care.

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 is divided. North America holds a substantial market share due to its developed healthcare infrastructure, high healthcare spending, and focus on advanced wound care products. Europe also maintains a significant portion of the global market, driven by major market players and increasing demand for medical adhesives in surgical applications. Asia Pacific is predicted to experience rapid market growth owing to rising healthcare spending, improving healthcare infrastructure, and increased awareness of advanced wound care products. The market is expanding in South America, the Middle East, and Africa due to advancing healthcare infrastructure and increasing healthcare investments. Although Asia Pacific is expected to have significant growth potential, North America and Europe currently dominate the majority of the market share.

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

The COVID-19 outbreak has heightened awareness of hygienic practices and infection control measures, contributing to an upsurge in the demand for water-based medical adhesives. Given their application in various medical procedures, including the use of surgical tape and wound closures, these adhesives are instrumental in maintaining cleanliness and preventing infections. The market for water-based medical adhesives has expanded due to increased healthcare awareness and the demand for advanced wound care solutions during the pandemic. However, the global reduction in elective surgeries and non-emergency medical procedures during the pandemic has negatively impacted the demand for water-based medical adhesives used in surgical tape and drapes. Disruptions in the supply chain, production limitations, and distribution challenges resulting from the pandemic have further complicated the market dynamics. The unstable economic climate and reduced healthcare spending in specific regions have also contributed to adverse effects on the market.

Global Water-based Medical Adhesives Market Recent Developments:

In August 2021, Baxter International Inc. concluded the acquisition of select assets from CryoLife, Inc. pertaining to the PerClot Polysaccharide Hemostatic System. This acquisition enhances Baxter's array of products for advanced surgery and is estimated to be valued at up to $60.8 million. Baxter initiated the acquisition with a $25 million deposit, with additional contributions contingent upon meeting specific milestones. Although PerClot is a globally distributed product available in over 35 countries, it is not yet accessible for purchase in the United States.

Key Players:

• Ashland Inc. (US)
• B. Fuller (US)
• Johnson & Johnson (US)
• 3M (US)
• Henkel AG & Company
• Chemence
• Arkema Group (France)
• Dow (US)
• Avery Dennison Corporation (US)
• Cohera Medical Inc.