Medical adhesives and sealants play a vital role in dental applications, bonding and sealing of medical devices, instruments, aids, and equipment, and internal and external medical applications. A rising number of medical procedures that require adhesion and sealing and a preference for adhesive and sealant-based bonding in medical procedures will drive demand. In addition, the growing medical device and protective wear end-use industries will contribute to market growth in the next few years.
Frequent unavailability of shipping facilities, plants due to shutdowns, and raw materials since the spread of COVID-19 in 2020 translated into supply chain disruptions, raw material and labor price increase, and simultaneous rise in transportation and ocean freight costs. The current Russo-Ukrainian war is affecting the raw material prices of some adhesives. With these macroeconomic factor challenges and to maintain a smooth flow of raw materials and distribution capabilities, medical adhesives and sealants manufacturers will need to develop effective strategies to manage the timeliness, pricing, and quality of their inventories in the next few years.
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