Although an aging U.S. population is putting a strain on Social Security and Medicare, it may offer riches for some adhesive and sealant suppliers.
Demand for medical and dental adhesives and sealants in the U.S. is forecast to rise 8.4% per year to $1.5 billion in 2009, according to a new market study released by the Freedonia Group.
According to Freedonia, the market will be fueled by an aging population that is more likely to require surgical and dental procedures. Advances will also depend on continuing new product development and increasing acceptance of these materials in surgical and consumer settings.
Medical adhesives and sealants command relatively high prices, partly from a costly commercialization process that involves extensive research and clinical testing. The best opportunities are expected for cyanoacrylate, polyethylene glycol and various plasma and protein types. Cyanoacrylate adhesives are projected to see greater use in external tissue bonding applications. Rapid gains should also come from commercialization of several products presently in development, such as cyanoacrylates for internal application such as those used in vascular and ophthalomologic surgeries.
Market penetration of polyethylene glycol sealants in tissue bonding and sealing application during cardiovascular surgical procedures, as well as development of expanded application into abdominal and cranial procedures will also deliver growth, according to the Freedonia report. Plasma and protein sealants—including those based on albumin collagen and fibrin—will be promoted by the expanded use in surgery too.
As for the dental market, results will be mixed. Freedonia says pit and fissure sealants will post stronger gains due to their use in cavity prevention and boding agents used in cosmetic procedures will also
Aging Americans to Fuel MARKET FOR MediCal and Dental Adhesives and Sealants
Published August 16, 2005
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