DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Medical Adhesives and Sealants-Global Market Trajectory and Analysis" report to the products of ResearchAndMarkets.com.
During the COVID-19 crisis, the global medical adhesives and sealants market in 2020 is estimated to be 10.3 billion U.S. dollars, and is expected to reach a revised 15.2 billion U.S. dollars by 2027, growing at a CAGR of 5.6% during the analysis period by 2020 -2027 years.
Acrylic is one of the market segments analyzed in the report. It is expected that by the end of the analysis period, the compound annual growth rate will reach 4.7% and reach USD 4.5 billion. After an early analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the silicone sector was re-adjusted to a revised 5% compound annual growth rate for the next 7 years.
The US market is estimated at US$3.5 billion, while China is expected to grow at a compound annual growth rate of 7.7%
The U.S. medical adhesives and sealants market is estimated to be 3.5 billion U.S. dollars in 2020. China is the second largest economy in the world. It is estimated that the market size will reach 1.6 billion USD by 2027, with a compound annual growth rate of 7.7% during the analysis period from 2020 to 2027. Among other noteworthy geographic markets, Japan and Canada are forecast to grow by 4.7% and 5%, respectively, during 2020-2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 5.2%.
The compound annual growth rate of the cyanoacrylate sector is 6.8%
In the global cyanoacrylate field, the United States, Canada, Japan, China and Europe will drive the field’s estimated compound annual growth rate of 6.6%. The total market size of these regional markets in 2020 is 340.9 million U.S. dollars, and by the end of the analysis period, the size is expected to reach 533.2 million U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Driven by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$1.4 billion by 2027, while Latin America will grow at a compound annual growth rate of 7.7% during the analysis period.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900