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
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 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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