Medical Adhesives & Sealants: A US Strategic Business Report
San Jose, CA (PRWEB) July 23, 2007
The use of medical adhesives and sealants is gaining preeminence in medical devices and equipments. Cutting edge medical adhesives are being used not only in surgical and trauma wound application areas but are in over-the-counter consumer products such as first-aid bandages. GIA believes that against the backdrop of an aging population, and rise in healthcare activity such as dental procedures, disease treatment, control and diagnostics, demand for medical grade adhesives and sealants is poised to notch top gains. The amount of time and investment injected by market participants in research and development of new products, and material engineering is finally beginning to pay off, as these products are gaining increasing trust and acceptance among medical practitioners. Attractive product segments, which promise healthy growth, include cyanoacrylate, polyethylene glycol, plasma and protein based adhesives, and sealants. The near future is expected to witness successful commercialization of product segments such as absorbable and non-absorbable cyanoacrylate based adhesives and sealants for internal medical applications.
Medical adhesives & sealants market is the largest and the fastest growing segment and is projected to reach about US$850 million by 2008 at a CAGR of more than 11.5%, as stated by Global Industry Analysts, Inc. Rise in the number of minimally invasive surgical procedures is expected to propel the market for advanced medical adhesives & sealants by necessitating the development of functionally as well as technically superior products for use within mission-critical, performance oriented, minimally invasive surgical settings. In addition, wider application spectrum of medical adhesives in varied applications such as enhanced drug delivery mechanisms, for effective sealing of human tissue cells, and speedy wound closures are expected to add to the market's growth.
Dental adhesives & sealants market is projected to cross US$780 million by 2010. Overall growth in this category is relatively insipid, and acts as a drag on the market's performance. Dental surgical tissue bonding agents is the fastest growing sub-segment in the dental adhesives & sealants market. Also, pit & fissure sealants and luting cements is recording effervescent uptake in treating dental caries and the segment is projected to account for a market share of about 15.7% by 2010. The growing popularity of cosmetic dental procedures is additionally expected to give rise to healthy demand for bonding agents.
The report titled "Medical Adhesives & Sealants: A US Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product overview, competition, product introductions/innovations, and recent industry activity. The role of proven clinical evidences, FDA approvals, healthcare budget rationing, consumer adoption & information & knowledge dispersion, and product innovation, among others are discussed at length. The study also analyzes market data and analytics in value sales for United States by the following segment/application - Dental Adhesives & Sealants, and Medical Adhesives & Sealants.
Key players dominating the US medical adhesives & sealants market include 3M, Adhesives Research, Aveva Drug Delivery Systems, Baxter International, Confluent Surgical, Covalence Specialty Materials, CryoLife, Den-Mat Corporation, DENTSPLY International, Ethicon, HARTMANN-CONCO, HemCon Medical Technologies, Procter & Gamble Company, Protein Polymer Technologies, Schering-Plough, and Sybron Dental Specialties.
For more details about this research report, please visit http://www.strategyr.com/MCP-1499.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 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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