Key players in the market- 3M Company (U.S.), Adhezion Biomedical (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Biocoral, Inc. (France), Bostik Ltd. (France), Chemence Ltd. (U.K.), Cohera Medical, Inc. (U.S.)
(PRWEB) February 27, 2015
The report expects global Medical Adhesives Market to grow at a steady CAGR by 2019. According to the report, the market is mainly driven by rising demand and advancing technologies in the market. The report profiles growth trends and revenue forecasts for some of the key players in the market.
Explore Medical Adhesives Market through detailed TOC, figures and data tables through over 197 report pages
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According to the report, medical adhesives are one of the most exciting segments of the specialty chemicals industry. They serve as the critical components in designing and manufacturing the majority of medical devices. Growing complexity of the medical devices is leading to the rise in demand for their components and raw materials. According to the report, key players in the industry are aiming at responding to the growing challenges in this industry. As a result, the applications segments of the market are expected to witness major improvements in the next few years. According to MarketsandMarkets, the growth potential for this industry is very attractive and this market, which is expected to attract impressive investments from a large number of suppliers.
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According to the report, North America is expected to emerge as the largest region in the medical adhesives market. It expects the emerging markets to witness steady growth over the next few years as well.
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According to the research report, the global medical adhesives market is expected to grow at a CAGR of 9.65% from 2014 to 2019. At the estimated growth rate, it expects the market to reach $10,015.67 million by 2019. Rising demand for cost cutting in the healthcare industry is expected to create cost pressures on all the suppliers in the value chain. However, consolidating activities like mergers and acquisitions are expected to create growth opportunities for the established players in the market.
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