Asian countries, especially high-income countries, had a high burden of inflammatory dermatoses, including acne, alopecia areata, atopic dermatitis, contact dermatitis, decubitus ulcers, psoriasis, pruritus, and seborrheic dermatitis. The burden of infectious dermatoses was greater in low-income Asian countries.
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For instance,
- In March 2021, as per NCBI, there is a high burden of skin disease, especially inflammatory conditions, in Asian countries, but the burden of individual dermatoses in Asia varies by country and socioeconomic status
Data Bridge Market Research analyzes that the Asia-Pacific Topical Skin Adhesive Market is expected to grow at a CAGR of 5.3% in the forecast period of 2023 to 2030 and is expected to reach USD 802.94 million by 2030. The cyanoacrylate segment is projected to propel the market growth as they are widely used for the production of various adhesives.
Rising Disposable Income and Increasing Healthcare Infrastructure
The disposable income of consumers per capita has risen with the recent economic development globally, as a consequence of which customers can spend more money on their fitness and healthcare.
Rising disposable income is expected to boost the market and purchasing of medicines. Thereby, the higher the economic wealth, the more it improves access to better medication and healthcare leading to a disease-free population.
Thus, it is observed that the rise in disposable income allows people to focus more on their health leading to increased healthcare expenditure for various available treatment options to cure and manage trauma injuries. Also, various governments are taking initiatives to spread awareness regarding these diseases to help society to live a healthy life ahead. Thus, rising disposable income and increasing healthcare infrastructure act as a driver for market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Product Type (Cyanoacrylate, Methylidene Malonate, and Others), Application (Wound Closure, Trauma-Induced Lacerations, and Burn and Skin Grafting), End User (Hospitals, Trauma Centers, Ambulatory Surgical Centers, Clinics, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others)
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Countries Covered
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Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, and rest of Asia-Pacific
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Market Players Covered
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Advanced Medical Solutions Group plc (U.K.), Cardinal Health.(U.S.), 3M (U.S.), Johnson & Johnson (Medical Devices Business Services, Inc.) (U.S.), Medtronic (Ireland), DuPont (U.S.)., B.Braun SE (Germany), SURGITECH INNOVATION (India), Alfa Pharma GmbH (Germany), Vygon (France), LifeHealthcare (Australia), Nissha Medical Technologies (U.S.), E-XCLUSIF MEDICAL SUPPLY PTE LTD. (Singapore), Medline Industries, LP (U.S.), Chemence Medical, Inc. (U.S.), and GluStitch (Canada) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Asia-Pacific topical skin adhesive market is segmented into four notable segments based on product type, application, end user, and distribution channel.
- Based on product type, the market is segmented into cyanoacrylate, methylidene malonate, and others. In 2023, the cyanoacrylate segment is expected to dominate the market with a market share of 63.26% and is expected to reach USD 510.84 million by 2030, growing with a CAGR of 5.4% in the forecast period of 2023 to 2030.
In 2023, the cyanoacrylate segment is expected to dominate the market due to its increasing demand for the production of topical skin adhesive products.
- Based on application, the market is segmented into wound closure, trauma-induced lacerations, and burn and skin grafting. In 2023, the wound closure segment is expected to dominate the market with a market share of 43.51% and is expected to reach USD 356.87 million by 2030, growing with a CAGR of 5.6% in the forecast period of 2023 to 2030.
In 2023, the wound closure segment is expected to dominate the market due to its increased prevalence throughout Asia-Pacific.
- Based on end user, the market is segmented into hospitals, trauma centers, ambulatory surgical centers, clinics, and others. In 2023, the hospitals segment is expected to dominate the market with a market share of 30.23% and is expected to reach USD 257.21 million by 2030, growing with a CAGR of 6.2% in the forecast period of 2023 to 2030.
In 2023, the hospitals segment is expected to dominate the market due to a rise in patient encouragement for the early detection of skin injuries.
- Based on distribution channel, the market is segmented into direct tender, retail sales, and others. In 2023, the direct tender segment is expected to dominate the market with a market share of 44.37% and is expected to reach USD 362.71 million by 2030, growing with a CAGR of 5.6% in the forecast period of 2023 to 2030.
In 2023, the direct tender segment is expected to dominate the market due to the convenience of using this type of distribution channel in the market.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the Asia-Pacific topical skin adhesive market, which include Advanced Medical Solutions Group plc (U.K.), Cardinal Health. (U.S.), 3M (U.S.), Johnson & Johnson (Medical Devices Business Services, Inc.) (U.S.), Medtronic (Ireland), DuPont (U.S.)., B. Braun SE (Germany), SURGITECH INNOVATION (India), Alfa Pharma GmbH (Germany), Vygon (France), LifeHealthcare (Australia), Nissha Medical Technologies (U.S.), E-XCLUSIF MEDICAL SUPPLY PTE LTD. (Singapore), Medline Industries, LP (U.S.), Chemence Medical, Inc. (U.S.), and GluStitch (Canada) among others.
Market Development
- In November 2020, Advanced Medical Solutions Group plc acquired Raleigh Adhesive Coatings Limited, which is an independent wound care and bio-diagnostics coatings business based in the U.K.
- In January 2023, Cardinal Health. teamed up with Palantir Technologies Inc. a leading builder of operating systems for the modern enterprise, to design a solution that will give health systems and hospitals dynamic purchase decision insights in order to quickly improve their bottom line.
- In February 2023, 3M was recognized as top 100 global innovators in 2023, which helped the company to establish itself globally.
- In March 2022, Vygon announced its acquisition of Macatt Medica, a Peruvian distribution company, boosting its presence in South America. The company distributes the majority of Vygon’s products in Peru, including a wide range of enteral nutrition products.
- In April 2020, Medline Industries, Inc. announced that it has undergone a partnership with BandGrip in order to expand its micro-anchor skin closure technology. This partnership by the company has increased its demand and sales in the market leading to increased revenue in the future.
- In May 2018, Medtronic participated in the Goldman Sachs 39th Annual Global Healthcare Conference, which was held on 12th June in Rancho Palos Verdes, U.S. This would help in enhancing the customer base of the company.
- In August 2018, B. Braun Melsungen AG launched the novel 1-Ounce Prontosan Wound Gel X having a composition of betaine and polyhexanide that prevents the growth of micro-organisms. This has wide application in the diabetic foot, leg, and pressure ulcers among others. Not only it will help the company to enhance its business in wound care management but it will also help them to improve its revenue.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific topical skin adhesive market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
Japan is expected to dominate the market during the forecast period of 2023-2030
- In 2023, Japan is expected to dominate the market owing to the higher level of investments by various manufacturers and increasing prevalence of burn injuries in the region. Japan will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. Japan is estimated to be the fastest-growing country in the market during the forecast period of 2023-2030. This is due to the growing adoption of advanced technology and the launch of new products in this region.
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