Market Analysis
The worldwide surgical
sealants and adhesives market size is estimated to flourish at a healthy
CAGR of over 10.43% to reach USD 5.34 billion over the assessment era
2022-2030. states the latest Market Research Future (MRFR) report.
Surgical sealants and adhesives are useful accompaniments in the modern
surgical procedure. It is extensively used owing to its alluring features,
namely usability in repairing injured tissues, support wounds obtained at the
time of the surgery, and their efficacy and safety. Surgical sealants and
adhesives can be used along with staples and sutures for strengthening,
treating emergency hemostasis, and sealing leaks of gas or fluids.
Various factors are propelling the surgical
sealants and adhesives market growth. Some of these factors, according to the
Market Research Future report, include growing incidence and prevalence of
various disorders such as CVDs and obesity, increasing number of accidents, a
growing number of surgeries, rising incidences of trauma, and growing need for
managing blood loss in patients. Additional factors pushing market growth
include rising geriatric population, higher uptake of products that are
technologically advanced, rising adoption of surgical sealants and adhesives,
the prevalence of invasive surgeries, and inclination for simpler, safer, and
quicker and minimally invasive surgeries.
On the contrary, extensive clinical data needs
to launch products, lack of reimbursements policy, high cost of products,
strict regulatory approvals, lack of reimbursement, high technicality, and
alternative methods are factors that may hamper the surgical sealants and
adhesives market growth over the forecast period.
Key Players
Leading players profiled in the surgical
sealants and adhesives market report include Ocular Therapuetix, Inc. (US),
Vivostat A/S (Denmark), Sealantis, Ltd (Israel), Sanofi Group (France), Cohera
Medical, Inc. (US), B. Braun Melsungen AG (Germany), Medtronic plc (US), Baxter
International, Inc. (US), Johnson & Johnson (UK), and C. R. Bard, Inc.
(US). Key players are incorporating numerous strategies such as partnerships,
mergers and acquisitions, expansions, product launches and innovations,
collaboration, and research and development to create a foothold in the
market.
Market Segmentation
The MRFR report offers a wide segmental
analysis of the surgical
sealants and adhesives market insights on the basis of indication, product,
and application.
By product, the surgical sealants and
adhesives market is segmented into synthetic and semi-synthetic sealants and
adhesives and natural/biological sealants and adhesives. The natural/biological
sealants and adhesives segment are again segmented into polysaccharide-based
sealants and adhesives and polypeptide/protein-based sealants and adhesives.
The synthetic and semi-synthetic sealants and adhesives is again segmented into
urethane-based, polyethylene glycol hydrogels, cyanoacrylates, and
others.
By indication, the surgical sealants and
adhesives market is segmented into tissue engineering, tissue sealing, and
surgical hemostasis. Of these, the tissue sealing segment will have the largest
share in the market over the forecast period. This is owing to the rising
number of surgeries that is being performed annually, an increasing number of people
suffering from sports-related injuries and back pain and increasing prevalence
of lifestyle diseases.
By application, the surgical sealants and
adhesives market is segmented into urological surgeries, orthopedic
surgeries, central nervous system surgeries, cardiovascular surgeries, general
surgeries, and others.
Regional Analysis
By region, the surgical sealants and
adhesives market report covers the latest trends and growth opportunities
across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and
Africa (MEA).
Of these, the Americas will spearhead the
market over the forecast period. This is on account of the increasing number of
surgeries, increasing number of accidents, growing prevalence as well as the
incidence of different disorders, and the presence of a well-established
healthcare sector.
The worldwide surgical sealants and
adhesives market in Europe is predicted to have the second-largest share in the
market over the forecast period. This is due to the rising adoption of new
technologies and the growing prevalence of chronic diseases.
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