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Sarah Gibbons reports on the global medical adhesives market and how it is growing in scale, diversity and innovation
Paradigm shifting technology involving collaboration between different scientific disciplines looks set to strengthen the impact of medical adhesives on clinical care as unhealthy lifestyles fuel increasingly diverse interventions, according to researchers and industry observers.
With sustainability “a front and centre priority,” said Paul Saunders, Senior Manager, Global Marketing for Avery Dennison, a Los Angeles, US-based material science company, issues such as bone reconstruction, wound management, haemorrhage prevention and drug dispensing devices are all being enhanced, with adhesives development a key element.
Research into biocompatibility and mimicking nature, to developments in nanotechnology and wearable devices for remote healthcare monitoring, including cardiac or glucose monitors and time-release medication patches, will fuel medical adhesives global sales as new products overtake conventional wound closure measures, such as stitches and new use cases emerge, analysts predict.
The global medical adhesives market size was estimated at US$12.1bn in 2021 and is expected to hit around US$18.4bn by 2030 and expand at a compound annual growth rate (CAGR) of 4.77% between 2022 to 2030, according to a report published in September 2022 by Precedence Research, based in Ottawa, Canada.
Read the full report here: Medical adhesives