The global topical bioadhesives market currently stands at USD 392.5 Million in 2023 and it is further projected to expand at a CAGR of 11.0% over the forecast period (2023-2033), and is expected to reach USD 1.13 Billion by 2033.
The topical bioadhesive market refers to the market for adhesives that are applied to the skin or biological tissues for various purposes, such as wound closure, drug delivery, and tissue adhesion. These bioadhesives provide temporary or long-lasting attachment to the targeted site, promoting healing, preventing infection, and enabling localized drug delivery.
The demand for advanced wound care products, including topical bioadhesives, is on the rise. The growing prevalence of chronic wounds, such as pressure ulcers and diabetic foot ulcers, has created a need for effective wound closure and management solutions.
Topical bioadhesives offer advantages such as improved wound healing, reduced infection rates, and ease of use, driving their adoption in the wound care market. Topical bioadhesives are finding applications beyond traditional wound closure. They are being explored for drug delivery, ocular applications, tissue engineering, and cosmetic procedures. The versatility and adhesive properties of topical bioadhesives make them suitable for various applications, expanding their market potential. The global market for topical bioadhesive is expected to grow at a significant rate in the coming years.
Key Takeaways from Market Study
- Synthetic material accounts for 3 Million in 2022 owed to versatility offered in optimizing adhesive strength based on specific application requirements.
- By application, short term accounts for USD 244.3 Million in 2022. Time-saving benefit is particularly advantageous in emergency departments, outpatient settings, and situations where efficiency and prompt treatment are crucial.
- Hospital pharmacies held more than 0% of the global market share in 2022, as they play crucial role in distributing topical bioadhesive products to various departments and units where they are needed.
- By region, North America held dominant share in world in 2022. The U.S. leads in this region with high prevalence of chronic diseases and high requirement of topical bioadhesive.
“The rising cases of chronic diseases and skin diseases increases adoption rate of topical bioadhesives owed to its higher clinical applications” says an analyst of Future Market Insights.
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Market Competition
The topical bioadhesive market is highly competitive with several players. These companies are actively seeking partnerships and collaboration with other key players to expand their reach by launching new cost-effective yet economical products.
- In August 2022, Due to a partnership between Medtronic and BioIntelliSense, a multi-parameter wearable for continuous remote patient monitoring from the hospital to home will only be supplied in the United States.
- In April 2023, Medtronic and DaVita launched Mozarc Medical with the goal of providing fresh treatments for people with renal failure.
Key Companies Profiled:
Ellsworth Adhesives; Henkel Adhesives Technologies India Private Limited; Arkema; Ashland; EcoSynthetix; The Lubrizol Corporation; Camurus AB; Medtronic Plc; B Braun Melsungen Ag; Advanced Medical Solutions Group plc; DERMGLU; VYGON (United Kingdom) LTD; Baxter International; Meyer-Haake
Key Market Segments Covered in the Topical Bioadhesives Industry Research:
By Material:
- Synthetic
- Silicone
- Epoxy
- Acrylic
- Polyurethane
- Natural
- Cellulose
- Starch
- Natural Gum
By Application:
- Short Term
- Long Term
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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