Global Bioadhesive Market:
Overview
The
Global Bioadhesive Market share is expected is expected to grow USD 9.26
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
report 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 outlook 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
overview 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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