Global Topical Skin Adhesive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Topical Skin Adhesive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Topical skin adhesives (or glues) are liquid cyanoacrylate monomers that polymerize into long solid chains upon contact with blood or the wound surface, thereby holding the wound edges together.

Market Overview:

The latest research study on the global Topical Skin Adhesive market finds that the global Topical Skin Adhesive market reached a value of USD 229.62 million in 2022. It’s expected that the market will achieve USD 415.56 million by 2028, exhibiting a CAGR of 10.39% during the forecast period.

Insufficient raw materials and high cost

Due to the impact of COVID-19, market transportation has been restricted and trade liquidity has weakened, resulting in a large shortage of topical skin adhesive in stock. At the beginning of the epidemic, market stocks were not high, the overall supply was tight, and prices rose in various places. Due to insufficient raw materials, prices will rise. Taken together, the current market for topical skin adhesive is in short supply and the cost is high, and manufacturers are unwilling to make deals at low prices. However, market demand continues to pick up, and the overall downside of the topical skin adhesive transaction is relatively limited.

Impacts from the long-term

Due to the slow recovery of logistics, topical skin adhesive relies on long-term orders and port stock to maintain normal production. This has had a positive impact on the development of the market for topical skin adhesive. In the long run, manufacturing companies must have their own core competencies in order to survive, such as products, channels, marketing, management, technology, and cost advantages.

The requirements for surgical methods and auxiliary materials are getting higher and higher

Clinically, with the rapid development of modern medicine, the requirements for surgical methods and auxiliary materials are getting higher and higher. It is not only required to minimize the patient’s pain and shorten the wound healing time, but also to restore the function and the appearance.

The traditional suture method has many inconveniences for both doctors and patients. Traditional postoperative needle sutures are time-consuming, laborious and inefficient, and severely increase the workload. Repeated dressing and suture removal increase the patient's pain, the wound is prone to infection and suppuration, resulting in secondary suture removal and nail removal, scars after healing, and even interference with tissue function recovery. The topical skin adhesive is easy to operate, waterproof and resistant to bacteria, and is the best choice to replace traditional sutures. This advantage promotes the development of the topical skin adhesive market.

Technical barriers

The production formula and mature production technology of topical skin adhesive determine the performance reliability, quality stability and environmental protection of topical skin adhesive products. This is the basis for the survival and development of topical skin adhesive enterprises. The development of the production formula and production process of topical skin adhesive requires a lot of capital, technology and time investment, and needs to be refined according to the market. These factors hinder the development of topical skin adhesive market to a certain extent.

Expand marketing channels

For the topical skin adhesive market, there will be a certain amount of space in the next few years. With the rapid development of the medical industry, this market is getting bigger and bigger. The entire market is monopolized by several giants. They all have a mature sales network. Therefore, the entire market tends to be direct sales or sales agents instead of using distributors.

Historically, the reliance of international suppliers on agency companies has become more obvious. But for other small manufacturers, distribution is still an important channel to expand the market. With the increase of small businesses, distribution channels are gradually expanding. This factor has brought more development opportunities to the topical skin adhesive market.

Region Overview:

United States had the highest growth rate of all regions.

Company Overview:

Ethicon (J&J) is one of the major players operating in the Topical Skin Adhesive market, holding a share of 34.82% in 2023.

Ethicon (J&J)

Ethicon, Inc. is the subsidiary of the giant healthcare products firm Johnson & Johnson Co. that principally develops, manufactures, and markets sutures, ligatures, staplers, and other wound-closing products. Hospitals are its chief clients.

Aesculap (B. Braun)

Aesculap is a leading privately-owned manufacturing company, passionately committed to providing high-quality, innovative products and services to all surgical disciplines, with particular focus in the fields of General, Neuro, Spine and Orthopedics.

Segmentation Overview:

By type, 2-Octyl Cyanoacrylate Adhesive segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Surgical Incisions segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Topical Skin Adhesive market covered in Chapter 3:

GluStitch
Chemence Medical
Connexicon Medical
Meyer-Haake
Aesculap (B. Braun)
Advanced Medical Solutions
Medtronic
Medline
Adhezion Biomedical
Ethicon (J&J)

In Chapter 4 and Chapter 14.2, on the basis of types, the Topical Skin Adhesive market from 2018 to 2029 is primarily split into:

2-Octyl Cyanoacrylate Adhesive
N-2-Butyl-Cyanoacrylate Adhesive
2-Ethyl-Cyanoacrylate Adhesive
2-Octyl Cyanoacrylate & N-2-Butyl-Cyanoacrylate

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Topical Skin Adhesive market from 2018 to 2029 covers:

Surgical Incisions
Trauma-Induced Lacerations
Burn and Skin Grafting
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)