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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