United States Medical Adhesive Market Poised to Grow at around 9% CAGR till 2020
Growing medical devices market coupled with increasing demand for pressure sensitive medical adhesives to drive adhesives market in United States through 2020
According to recently published TechSci Research report “United States Medical Adhesives Market Forecast and pportunities, 2020”, the medical adhesives market in the United States is anticipated to grow at a CAGR of more than 9% during 2015-20. Medical adhesives find their application in surgical procedures and medical device bonding. Additionally, medical adhesives are used as pressure sensitive adhesives in medical tapes, surgical drapes, etc. The report reveals that the expansion of medical devices manufacturing companies in the western region of the country is boosting the demand for medical devices.
Over the next five years, the research and development facilities by many medical device companies may further add to the growth of medical adhesives in the country. Additionally, the development of cyanoacrylate based and acrylic based adhesives, which have wide usage in assembling of medical devices and equipment, closing wounds, adhesive bandages, etc. are expected to have a positive impact on the country’s medical devices market in the coming years. In future, silicone based adhesives are expected to witness higher demand owing to their bio-durable and biocompatible properties compared to synthetic adhesives.
“United States Medical Adhesives market is set to show robust growth over the next five years on account of various sustainable developments in the country. Key players such as 3M, Henkel AG, Ethicon, Inc., etc., have started developing innovative medical adhesives that cater to the requirement of high-performance medical adhesives. Moreover, stringent regulatory policies on the medical devices by the US government may result in market consolidation of small domestic players in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Medical Adhesives Market Forecast and Opportunities, 2020” has analyzed the potential of the medical adhesives market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the medical adhesives industry in the US.