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 - 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.
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.
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