Factors and Requirements for Adhesive Selection in Medical Devices, Part 1

The global medical device market is projected to reach a value of $656 billion USD by 2032 with a CAGR of 3 percent over the coming decade.1 The preceding decades of globalization and increased prosperity has provided advancement in both medical technology and access to advanced medical care for a greater proportion of the world’s population. Further, an aging population in North America, Europe, and parts of Asia will increase the need for healthcare-related services and medical devices in the coming decades. At present, the North America market continues to dominate the industry, accounting for approximately 43 percent of the market’s revenue share; however, markets in the Asia-Pacific region have the highest expected growth rates in the coming decades.1 Growth and innovation in the medical device market will be critical in the years to come.