Global Topical Skin Adhesive market analyses the current healthcare industry situations on a large scale to provide this market developments, market size, and progress estimates. The main element details are related to market’s essential market segments, opportunities and market constraints are presented in this report. Further, this report lists the product definition, applications, market scope, and major product manufacturing regions. An extensive view of the industries’ major manufacturers and supply/demand scenario are covered deeply. This kind of record comprehensively analyses the present market segments as well as the rising segments which can anticipate this market’s CAGR in the upcoming years.
Global Topical Skin Adhesive Market is expected to reach USD 1,047.60 million by 2025 from USD 607.35 million in 2018, at a CAGR of 8.1% in the forecast period 2018 to 2025.
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The major factors driving the market are growing number of trauma cases and road accidents, growing number of surgical procedure, technological innovation in skin adhesive products. The global topical skin adhesive market is leading in North America.
Leading Key players of Global Topical Skin Adhesive Market are Medtronic, Ethicon U.S., LLC (subsidiary of Johnson & Johnson Services, Inc.), Advanced Medical Solutions Group plc, Pfizer, connexicon medical, Chemence Medical, Inc., Adhezion Biomedical, GluStitch Inc., Meyer-Haake GmbH, Beijing Compont Medical Devices Co., Ltd., Cartell Chemical Co., Ltd among others
GROWING NUMBER OF SURGICAL PROCEDURE
Surgical procedure is the medical procedure which involves the incision using various instruments that is implemented for repairing the damage or the disease in a living body. Various kinds of skin adhesives are being developed for the closure of the surgical wounds. Adhesives offer the needle-free method of surgical wound closure.
Following are few of the statistics related to surgical procedures:
- According National Center for Health Statistics, more than 650,000 arthroscopic surgeries and debridement procedures are performed for knee pain each year in the U.S.
- According to Australian Atlas of Healthcare Variation, in 2012-2013, 33,682 patients aged and over were admitted to hospital across 304 local areas.
Drivers: Global Topical Skin Adhesive Market
The major factors driving the growth of this market are technological advancements in topical skin adhesive, growing number of trauma cases and road accidents, growing number of surgical procedure, technological innovation in skin adhesive products are boosting the growth of the global topical skin adhesive market are boosting the growth of the global topical skin adhesive market.
GROWING NUMBER OF TRAUMA CASES AND ROAD ACCIDENTS
Road accidents are calculated in terms of the number of persons getting injured and occurrence of deaths. According to World Health Organization (WHO), road traffic injuries are presently anticipated to be the ninth major reason for the cause of death in all the age groups across the globe, and are estimated to be the seventh major cause of death by 2030. Blood loss occurs due to accidents, internal causes and many more due to which it increases the demand for managing blood loss. Topical skin adhesives are used topically to intact the skin at the wound edges for holding the skin surfaces.
- According to Association for Safe International Road Travel (ASIRT), per year almost 1.3 million people are dying due to road crashes, approximately 3,287 deaths each day and approximately 20-50 million gets injured or gets disabled.
- According to Centers for Disease Control and Prevention, number of deaths were 135, 928 per year across the globe due to various trauma cases.
Highlights following key factors:
:- Business description – A detailed description of the company’s operations and business divisions.
:- Corporate strategy – Analyst’s summarization of the company’s business strategy.
:- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats (SWOT).
:- Company history – Progression of key events associated with the company.
:- Major products and services – A list of major products, services and brands of the company.
:- Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the, Topical skin adhesive Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
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Based on geography, the global topical skin adhesive market is segmented into geographical regions, such as,
- North America
- South America
- Middle East and Africa
The global topical skin adhesive market is segmented on the basis of application into
- surgical incisions,
- trauma-induced lacerations,
- burn and skin grafting,
- wound closure,
- chronic wounds, and others
In 2018, surgical incisions segment is expected to dominate the topical skin adhesive market with 30.3% market share and is expected to reach USD 331.33 million by 2025, growing at the highest CAGR of 8.8% in the forecast period 2018 to 2025.
The global topical skin adhesive market is segmented on product type into
- 2-octyl cyanoacrylate adhesive,
- n-butyl cyanoacrylate adhesive,
- 2-ethyl cyanoacrylate adhesive, and
- methyl cyanoacrylate adhesive
In 2018, 2-octyl cyanoacrylate adhesive is expected to dominate the topical skin adhesive market with 42.9% market share and is expected to reach USD 464.95 million by 2025, growing at the highest CAGR of 8.6% in the forecast period 2018 to 2025.
The global topical skin adhesive market is segmented on the basis of end-users into
- trauma centers,
- ambulatory surgical centers, and others
In 2018, hospitals is expected to dominate the topical skin adhesive market with 49.4% market share and is expected to reach USD 529.04 million by 2025, growing at the highest CAGR of 8.4% in the forecast period 2018 to 2025.
The global topical skin adhesive market is segmented on the basis of basis of distribution channel into
- direct sales and
In 2018, direct sales is expected to dominate the topical skin adhesive market with 76.0% market share and is expected to reach USD 800.71 million by 2025, growing at the highest CAGR of 8.2% in the forecast period 2018 to 2025.
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