Middle East & Africa Medical Adhesives Market Size & Outlook
Middle East & Africa medical adhesives market, 2018-2030 (US$M)
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MEA medical adhesives market highlights
- The MEA medical adhesives market generated a revenue of USD 966.1 million in 2022.
- The market is expected to grow at a CAGR of 12.9% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Reactive & Others is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 966.1 million |
| Market revenue in 2030 | USD 2,556.9 million |
| Growth rate | 12.9% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Reactive & Others |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Baxter International Inc, Becton Dickinson & Co, Dentsply Sirona Inc, 3M Co, Arkema SA, H.B. Fuller Co, Henkel AG & Co KGaA, Avery Dennison Corp, DuPont de Nemours Inc, Ashland Inc, Cohera Medical, Chemence Medical, Heartland Adhesives |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.5% of the global medical adhesives market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,943.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Medical Adhesives Market Scope
Medical Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa medical adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 83.89% in 2022. Horizon Databook has segmented the Middle East & Africa medical adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
According to IMF, the GDP of Middle East was valued at approximately USD 2.81 trillion in 2018 and is expected to reach USD 3.31 trillion in 2023, whereas The GDP of Africa is set to reach approximately USD 3.39 trillion in 2023 from USD 2.33 trillion in 2018. However, healthcare represents a small percentage of the budget in the region.
According to the estimates of the World Bank, an average of only 8% of their respective budgets are spent on healthcare by countries in Middle East & North Africa as compared to OECD countries. As a result, people end up delaying the much needed healthcare owing to impoverishing and unaffordable costs. Such factors have affected the growth of medical adhesives market in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Medical Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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