Global Bioadhesive
Market: Overview
The Global Bioadhesive Market
size 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 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
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 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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