Medical Adhesives And Sealants - A US Market Report
San Jose, California
(Vocus/PRWEB) February 21, 2011 -- GIA announces the release of a comprehensive report on the US Medical Adhesives and Sealants market. The US market for Medical Adhesives and Sealants is forecast to reach US$2.08 billion by the year 2015. Major factors driving the market growth include development of innovative and advanced adhesive and sealant products, and shift towards advanced glues, adhesives and sealants from conventional biological dressings such as sutures and staples. Additionally, increasing penetration rates for the products in external tissue bonding and sealing purposes, adhesive products including cyanoacrylate, protein, and plasma-based adhesives are prophesied to seize an unassailable growth in the market.
The economic recession adversely affected and derailed the momentum in the US medical adhesives and sealants market during 2008 and 2009. During the period, the market witnessed a drop in demand for almost all types of products including dental adhesives & sealants as well as medical adhesives & sealants. Decline in demand was noticeably higher for other medical adhesives & sealants that demonstrated very high growth prior to the onset of economic recession in 2008. However, the market is likely to recover by 2011 and demonstrate moderate growth in the ensuing years driven by increased acceptance of medical adhesive and sealant products in a broad range of surgical and dental procedures.
Development of a host of attractive product segments such as cyanoacrylate, polyethylene glycol, plasma and protein based adhesives, and sealants is poised to propel the Medical Adhesives and Sealants market, as stated by the new market research report on Medical Adhesives and Sealants. The market is posed to witness successful commercialization of product segments such as absorbable and non-absorbable cyanoacrylate based adhesives and sealants for internal medical applications. Polyethylene glycol based sealants, and plasma/protein sealants including albumin, collagen, and fibrin-based sealants are expected to register high growth patterns in the upcoming years. Of late, synthetic adhesives and sealants are garnering much market interest because of their proven abilities to seal and enhanced ease to peel. Amongst chemical types, anaerobics, epoxies, polyvinyl acetals, polyethylene, radiation-cured products, and silicones are slated to propel the market’s growth in the next few years. Radiation-curing adhesive sales are notching up positive growth trends in the US market.
Medical-grade adhesives are making giant strides banking upon their proven abilities to withstand sterilization that is inevitable in most medical processes. As such, improvements in bonding abilities, resistance and longevity are propping the stupendous growth of medical-grade adhesives in a myriad of applications, especially in the disposable medical device manufacturing market. Surgical/Internal applications category of Other Medical Adhesives & Sealants constitutes the largest segment in the market. Dental Surgical Tissue Bonding Agents segment of Dental Adhesives & Sealants category is poised to demonstrate fastest growth. Market for dental surgical tissue bonding agents is projected to grow at a compounded annual rate of 6.4% over the analysis period.
Demand for conventional adhesive products stands implicitly reduced when a lot more of technological advancements/innovations are engulfing the markets. With the stupendous proliferation of adhesive and sealant products, innovation is on the rise and efforts to gain higher market acceptance are rife. Development of innovative, and advanced adhesive and sealant products used in treating and sealing minor cuts and wounds, also pushed the medical community to essentially shift over from conventional sutures and staples to aesthetic adhesive products. Due to increasing penetration rates for the products in external tissue bonding and sealing purposes, adhesive products including cyanoacrylate, protein, and plasma-based adhesives are forecast to seize an unassailable growth in the market. With ample usage of polyethylene glycol in internal tissue sealing and bonding applications, mostly in cardiovascular surgeries, in addition to abdominal and cranial surgeries, the market is expected to remain buoyant with no signs of abating in the medical industry in the immediate future.
Major players profiled in the report include 3M Company, Adhesives Research Inc., Aveva Drug Delivery Systems, Baxter International Inc., Berry Plastics Corporation, Covidien Ltd., CryoLife Inc., Den-Mat Holdings LLC, DENTSPLY International Inc., Ethicon Inc., HARTMANN USA Inc., HemCon Medical Technologies Inc., Johnson & Johnson, Johnson & Johnson Consumer Companies Inc., Kerr Corporation, Procter & Gamble Company, Protein Polymer Technologies Inc., and Sybron Dental Specialties Inc.
The research report titled “Medical Adhesives and Sealants: A US Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the medical adhesives and sealants markets, impact of recession on the markets, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche market participants. The report provides annual sales estimates and projections for Medical Adhesives and Sealants market for the years 2007 through 2015 for product segments - Dental Adhesives & Sealants (Denture & Orthodontic Bonding Agents, Pit & Fissure Sealants and Luting Cements, Restorative Adhesives, Tray Adhesives, and Dental surgical Tissue Bonding Agents); and Other Medical Adhesives & Sealants (Surgical/Internal, and External). Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Adhesives_And_Sealants_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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