Topical Skin Adhesive Market REPORT OVERVIEW
- Request a Free sample to learn more about this report
The global topical skin adhesive market size was USD 617.9 million in 2021 and is projected to touch USD 1345.58 million by 2031, exhibiting a CAGR of 8.1% during the forecast period.
The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The term topical skin adhesive refers to liquid cyanoacrylate monomers, which function as specialized medical glues to seal wounds. Simple cuts and skin with no hair are ideal candidates for topical skin adhesives. To seal skin wounds without using sutures, staples, or clips, topical skin adhesive is utilized. Compared to sutured or stapled closure, topical skin adhesive leaves fewer scars and is less likely to become infected.
The rise in burn injuries, skin illnesses, and worries about skin-related disorders has increased more than before. The topical skin adhesive market is estimated to grow as a result of rising healthcare infrastructure development costs and technical advancements in skin adhesive products. Additionally, it is predicted that the aging population will moderate the demand for topical skin adhesives. There is a rise in demand for integumentary system surgery, minimally invasive surgery, other, and other industries. The market for topical skin adhesives is expected to develop more quickly than average throughout the forecast period due to factors like an aging population, an increase in surgical procedures, and technical advancements in skin adhesive products.
COVID-19 Impact: Travel Restrictions and Delayed Supply Chain to Slower Market Growth
The COVID-19 outbreak benefited the market for topical skin adhesive because the demand for chronic topical skin adhesive grew despite the pandemic. Lockdown was implemented to stop the COVID-19 outbreak from spreading. Lockdown has caused the global economy to constrict, along with the manufacturing industry, output, disruption, and financial systems. Due to the resulting travel restrictions and supply chain delays, the product supply was temporarily impacted. In addition to these factors, lower number of skin problems due to accidents such as burn injuries were witnessed as the majority of people stayed at home. The aforementioned factors affected the market dynamics and led to a weakened product demand
LATEST TRENDS
"Growing Demand in the Medical Industry to Boost Market Growth"
Topical skin adhesives make sure that dressings are carefully applied to the skin, aiding in healing, and that they are removed gently without having any negative effects on the skin. These are employed to reduce the suffering and stop the growth of both new and worsening wounds. Due to their safety and comfort, they are also utilized in transdermal patches, wearables, and attached medical equipment. Due to their usage in medical applications and goods including anesthetic mask bonding, molding, hearing aid assembly, and polycarbonate component assembly, skin adhesives are in demand in the medical industry. Good thermal and chemical resistance, excellent gap filling, minimal shrinkage, quick cure, and substrate flexibility are crucial elements that fuel the demand in the market.
Topical Skin Adhesive Market Segmentation
- Request a Free sample to learn more about this report
- By Type Analysis
As per the type, the market is classified as follows: 2-Octyl Cyanoacrylate Adhesive, N-2-Butyl-Cyanoacrylate Adhesive, 2-Ethyl-Cyanoacrylate Adhesive, and 2-Octyl Cyanoacrylate & N-2-Butyl-Cyanoacrylate. The 2-Octyl Cyanoacrylate Adhesive segment will capture the maximum market share over 2031.
- By Application Analysis
Based on application, the market is segmented as follows: Integumentary System Surgery and Minimally Invasive Surgery. The integumentary system surgery segment will hold the dominant market share through 2031.
DRIVING FACTORS
"Improved Skin Treatments to Facilitate Market Development"
The topical skin adhesive market is anticipated to be boosted by the functional speed that skin adhesive offers over traditional wound-closing techniques like sutures. In addition, current developments show that multinational companies are adopting higher quality, more cost-effective solutions that require less maintenance and are simpler to use to outperform their competitors. The development of surgical adhesives that are both environmentally friendly and biocompatible has benefited from growing technological breakthroughs. Furthermore, there would be greater potential for the sector to grow as a result of increased public awareness of skin-related problems.
"Rising Incidents of Burn Injuries to Promote Industry Progress"
Burns have high morbidity and fatality rate yet are underappreciated injuries. Burn injuries, especially severe burns, are complicated by an inflammatory and immunological response, metabolic abnormalities, and distributive shock that can cause multiple organ failures and be difficult to manage. It is crucial to note that the injury has an impact on the patient's quality of life and mental as well as physical health. A significant driver of the topical skin adhesive market growth is the rising incidence of burn injuries and skin disorders, which is also accompanied by rising consumer awareness about skin-related issues. The above-mentioned factors drive the topical skin adhesive market.
RESTRAINING FACTORS
"Lack of Regulatory Guidelines to Hinder Market Growth"
Under various regulatory authorities, various medical devices have varied approval procedures. As a result, different lengths of time are needed for approval. For a medical device to be approved by the U.S. FDA, it typically takes more than five months. To make sure they satisfy the requirements, medical equipment is tested for design verification. Regulatory agencies must approve medical devices before they may be used; they do not separately approve adhesives. A lack of uniform regulatory guidelines is also anticipated to restrict the topical skin adhesive market growth throughout the forecast period.
Topical Skin Adhesive Market REGIONAL INSIGHTS
- Request a Free sample to learn more about this report
"Increase in Demand to Propel Market Progress in North America"
Due to increased levels of investment in the development of new technologies, the U.S. currently controls the majority of the topical skin adhesive market. In 2020, North America had the largest topical skin adhesive market share worldwide, and it is projected that this market will continue to grow considerably throughout the evaluation period. The established healthcare sector and the presence of major market participants are responsible for the regional expansion.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- J&J (Ethicon) (U.S.)
- Medtronic (Ireland)
- Advanced Medical Solutions (U.K.)
- Medline (U.S.)
- B. Braun (Aesculap) (Germany)
- Chemence Medical (U.S.)
- Adhezion Biomedical (U.S)
- Compont Medical Devices (U.S.)
- GluStitch(Canada)
- Meyer-Haake (Germany)
- Cartell Chemical (Taiwan)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 617.9 Million in 2021 |
Market Size Value By |
US$ 1345.58 Million by 2031 |
Growth Rate |
CAGR of 8.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
-
What value is the topical skin adhesive market expected to touch by 2031?
Based on our research, the topical skin adhesive market is projected to touch USD 1345.58 million by 2031.
-
What CAGR is the topical skin adhesive market expected to exhibit by 2031?
The topical skin adhesive market is expected to exhibit a CAGR of 8.1% by 2031.
-
Which are the driving factors of the topical skin adhesive market?
The increased skin burns and improved treatments are the driving factors of the topical skin adhesive market.
-
Which are the top companies operating in the topical skin adhesive market?
J&J (Ethicon), Medtronic, Advanced Medical Solutions, Medline, B. Braun (Aesculap), Chemence Medical, Adhezion Biomedical, Compont Medical Devices, GluStitch, Meyer-Haake, and Cartell Chemical are the top companies operating in the topical skin adhesive market.