The Medical Adhesives and Sealant industry is expected to maintain its growth pattern over the next five years, as further technological advancements in the medical adhesives segment continue to increase their applicability to new surgical procedures and give them greater market penetration in the medical equipment sphere. Due to the industry's high growth potential, IBISWorld expects industry participation to increase rapidly over the next five years, boosting this industry's contribution to US GDP.
Operators in this industry manufacture adhesives and sealants used for sealing surgical wounds and blood vessels. Industry products also have applications in dental reconstruction and surgery, ligament fixation and joint reconstruction. Industry operators also produce adhesives and sealants used in bonding medical equipment. However, industrial adhesives used in construction and other related activities are not included in this industry (see IBISWorld report 32552).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.