Global Bioadhesive Market: Overview
The Global Bioadhesive Market size is expected
is expected to grow USD9.26 billion with a CAGR of 6.80% during the forecast
period 2023-2030. 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 2030 with a remarkable CAGR during the expected period from 2022 – 2030.
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.
Global Bioadhesive Market -
Competitive Analysis
The bioadhesive industry has turned into a
critical and element power in the global healthcare industry. Through extensive
research, it is found out that there has been an extensive utilization in
packaging and durability in the market. As there are plenty of large and small
market players available. Global Bioadhesive
Market Players
operating in this market are Bioadhesive Alliance Inc., Camurus, Henkel
Corporation, Ashland Inc., 3M Company, Adhesives Research, Yparex B.V.,
EcoSynthetix Inc., Adhbio and others.
Global Bioadhesive Market - Regional
Analysis
Global bio
adhesive market insights 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.
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