Bioadhesive Market Overview
Owing to the present scenario and trends, synthetic adhesives are witnessing a major demand and elaborated use in a variety of industrial applications.
Over the last decade, bioadhesives have been considered a potential drug delivery system for oral administration that includes nasal spray, ear drops, eye drops, and ointment hydrogel among others. Bio adhesives are polymers that act as adhesives that contain protein and carbohydrates as major constituents. They are either natural or synthetic polymers. Naturals bio adhesive involve the use of microorganisms like bacteria, fungi, algae, etc. Synthetic polymers are made from biological monomers like sugars. Bio adhesives have number of advantages encouraging their use in healthcare involves their extensive application in drug delivery and tissue repair. They are primarily employed in end user industries such as healthcare, biotechnology, research institutes, packaging industries, etc. The demand of bio adhesives is increasing sue to increase in end users industries.
The global Bioadhesive Market Report is expected to grow at a CAGR of 6.9% during the forecast period. According to a recent study report published by the Market Research Future, the global bio adhesive market is expected to gain eminence over the forecast period. The market is forecast to demonstrate a solid growth by 2028 with a remarkable CAGR during the expected period from 2021– 2028.
Increasing prevalence of patient with eyes disease plays an important role in fueling the growth of the global bioadhesives market. According to the report published by World Health Organization (WHO), in October 2017, around 253 million people were living with vision impairment problem and 36 million people were blind. The report further adds that around 217 million had moderate to severe vision impairment. Thus, the bioadhesives market growth is majorly attributed to increasing patient population and application of bioadhesives in various drugs delivery systems.
Globally, bio adhesive market is segmented into four key regions: Americas, Europe, Asia-Pacific and Middle East and Africa. Europe is the largest market for bio adhesives in terms of production. Majority of bio adhesive manufacturers in Europe export their products to North America and Asia-Pacific. Increase in research and development activities in bio adhesives favor the growth of this market in Europe. Moreover, biotechnology and research laboratories use bio adhesives on a large scale in this region. America is the second largest market for bio adhesives due to increase in demand of eco-friendly bio adhesive for tissue repair and drug delivery that has favoured the growth of this market in America. Growing emphasis on personal care also increase the demand of bio adhesives in America. Asia-Pacific market is expected to show steady growth in the bio adhesive market during the forecasted period. Japan and India import bio adhesives from European companies which is signifies that there is an increasing demand for bio adhesives for Asia-Pacific for bio adhesive. Middle East and Africa show slow growth in this market.
Global Bioadhesive Market – Competitive Analysis
Bioadhesive Market Players are Bioadhesive Alliance Inc., Camurus, Henkel Corporation, Ashland Inc., 3M Company, Adhesives Research, Yparex B.V., EcoSynthetix Inc., Adhbio and others. .
The global bioadhesive market Research report is segmented on the basis of material, application, type, end user, and region.
On the basis of material, the bioadhesive market is segmented into natural polymers and synthetic polymers. Synthetic polymers hold a dominant 65% share in the global bioadhesive market Trends due to their greater ease of production.
On the basis of the application, the market is segmented into drug delivery, tissue repair, tissue substitute, packaging, personal care, and others.
On the basis of type, the market is segmented into plant-based and animal-based.
On the basis of end use, market is segmented into hospitals, dental clinics, and others.
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