Hot Melt Adhesive for Medical Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The Hot Melt Adhesive (HMA) market for medical applications demonstrated significant growth in 2022, with a market size valued at approximately USD 1.2 billion. The market exhibited a robust Compound Annual Growth Rate (CAGR) of 8.3% from 2022 to 2027, driven by the increasing demand for advanced medical devices and the rising adoption of non-woven medical products. This growth trajectory reflects the expanding use of HMAs in applications such as wound care, surgical drapes, and medical device assembly, where their benefits of fast curing, high bonding strength, and biocompatibility are highly valued.Opportunities within the HMA for medical market are abundant, particularly in emerging regions such as Asia-Pacific, where rising healthcare investments and a growing elderly population are propelling market expansion. Additionally, advancements in adhesive formulations that enhance performance characteristics and compliance with stringent regulatory standards offer promising avenues for innovation. The market is also witnessing increased interest in eco-friendly and sustainable adhesive solutions, aligning with broader trends towards environmental responsibility in the medical industry.
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Henkel
H. B. Fuller
Bostik
Avery Dennison
Nan Pao
artimelt AG
Jaour Hot Melt Adhesive
GC Adhesives
Hangzhou Renhe
Savare
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hot Melt Adhesive for Medical Market
Medical Tape & Bandages
Medical Plasters
Medical Protective Wear
Others
Based on Types the Market is categorized into Below types that held the largest Hot Melt Adhesive for Medical market share In 2023.
SBS Hot Melt Adhesive
SIS Hot Melt Adhesive
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hot Melt Adhesive for Medical Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hot Melt Adhesive for Medical Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hot Melt Adhesive for Medical Market, By Type
6. Global Hot Melt Adhesive for Medical Market, By Application
7. Global Hot Melt Adhesive for Medical Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hot Melt Adhesive for Medical Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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