A report on “Topical Skin Adhesives Market” has been appended into the market research report database of Reports and Insights, in recent times, that promises to offer a complete analysis to its readers on the growth forecasts and development prospects of the market, together with the potential business opportunities in the industry. The study, which emphasizes the most recent business dynamics, trends, growth drivers and opportunities that are impacting the market growth, also comprises the market size and the compounded average growth rate (CAGR) for the projected period 2022 and 2030. The report on “Topical Skin Adhesives Market” also incorporates an in-depth assessment on both the macro- and micro-environmental factors that are likely to impact the market growth over the forecast period. In addition to that, analytical tools such as Porter’s five forces analysis and PESTEL analysis are utilized to reckon and gather the factors that are playing the role of the driving force for the growth of the market.
The global topical skin adhesives market in 2022 is estimated for more than US$ 610.8 Mn and expected to reach a value of US$ 1,174.7 Mn by 2030 with a significant CAGR of 8.5%.
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Topical Skin Adhesives Introduction
Topical skin adhesives are skin closure devices for use throughout the hospital including surgical incisions in the operating rooms and trauma-induced lacerations in the emergency rooms. Topical skin adhesives are used as an alternative to surgical sutures, staples, or clips.
Compared to conventional wound closure devices topical skin adhesive produces less scarring and is less prone to infection than sutured or stapled closure. Efforts to reduce the hospital expenditure on surgical procedures led a demand for products that reducing hospital stay and topical adhesives thus become a choice of wound closure devices.
The use of combination dressings is one of the prominent trends in the global wound closure devices market and topical adhesives in combination with surgical staples would create good demand over the forecast period.
Topical Skin Adhesives Market Dynamics
The growing number of surgical procedures across the globe is expected to drive the market for topical adhesives over the forecast period. Moreover, the preference for minimally invasive surgeries and out-patient based surgical options in ambulatory surgical centers is growing. Topical skin adhesives best suit for small surgical incisions and thus are preferred in minimally invasive surgical procedures. Some of the examples of popular brands in topical skin adhesives include SwiftSet, DERMABOND ADVANCED, LiquiBand, etc.
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Topical Skin Adhesives Market Segmentation
The global topical skin adhesives market is segmented on the basis of product type, end-user, and region. On the basis of product type, the global topical skin adhesives market is segmented into 2-Octyl Cyanoacrylate Adhesive, N-2-Butyl-Cyanoacrylate Adhesive, 2-Ethyl-Cyanoacrylate Adhesive. On the basis of end user, the global topical skin adhesives market can be segmented into hospitals, ambulatory surgical centers, trauma centers other healthcare facilities.
The global Topical skin adhesives market is expected to increase at a steady CAGR over the forecast period owing to availability of alternative wound closure devices.
Topical Skin Adhesives Market Key Players
The market for topical skin adhesives is consolidated with few global players operating in it. Some of the major players identified in the global topical skin adhesives market include Medtronic Inc., Ethicon Inc. (Johnson & Johnson), Cardinal Health Inc., Medline Industries Inc., B. Braun (Aesculap) etc. among others.
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