Surgical Sealant and Adhesive Market Size, Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-03 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Surgical Sealant and Adhesive Market Size, Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Surgical Sealant and Adhesive Market Size
Surgical Sealant and Adhesive Market size is expected to grow at a commendable pace from 2024 to 2032, driven increasing rate of surgical interventions for late-stage chronic disease treatment. The adoption of these materials is being propelled by their potential to serve as alternatives to staples and sutures across various medical applications, due to their capacity to reduce blood loss, enhance closure, and enable less painful and simpler procedures, eliminating the requirement for removal.
According to the CDC, nearly 659,000 people succumb to heart disease in the U.S. each year. This rise in chronic heart conditions has led to a heightened focus on surgical procedures for treatment, in turn driving demand for surgical adhesives and sealants. Furthermore, favorable reimbursement policies, along with regulatory approvals for new products, are facilitating market expansion by encouraging adoption among healthcare providers and improving patient access to advanced surgical solutions. As healthcare systems strive to enhance patient outcomes, reduce post-operative complications, and shorten recovery times, the product demand will surge.
Surgical Sealant and Adhesive Market Trends
One notable trend is the growing preference for minimally invasive surgical procedures, which require effective sealants to ensure optimal wound closure and reduced post-operative complications. Additionally, advancements in biomaterials and nanotechnology have led to the development of more efficient and versatile sealant adhesives, catering to diverse surgical applications. There is a burgeoning product demand in specialized surgical procedures such as cardiovascular, orthopedic, and neurosurgery, driven by the need for precise and reliable tissue closure in complex surgical scenarios. Additionally, the integration of novel delivery systems, such as spray applicators and biodegradable patches, enhances the ease of product usage.
Surgical Sealant and Adhesive Market Analysis
Cosmetic surgery is set to emerge as a major application segment for the industry by 2032, owing to the strong potential of the material in tissue engineering and regenerative therapies. There is focus on regenerative medicine for various purposes, including reversal of tissue aging to repair of scarring. This will further, boost demand for sealants and adhesives designed for use in treatment of traumatic injuries and burns.
The natural or biological sealants & adhesives segment will record high demand through 2032, backed by the growing preference for biocompatible and biodegradable materials in medical procedures to minimize the risk of adverse reactions and promote tissue healing. Additionally, as awareness of environmental sustainability grows, there is a heightened interest in using renewable and eco-friendly materials in healthcare applications. The regulatory agencies' increasing scrutiny on the safety and efficacy of medical devices and products has spurred the development and approval of natural or biological sealants and adhesives, boosting confidence among healthcare providers and patients.
APAC surgical sealant and adhesive market will gain significant momentum over 2024-2032, attributed to the increasing geriatric population and subsequent rise in chronic disease burden in the region. The increasing necessity for comprehensive care in managing chronic conditions, which often involves surgical interventions will boost product demand. The advancements in medical technology and materials science are leading to the development of innovative sealant & adhesive products tailored to meet the specific needs of healthcare providers and patients in the APAC region. Furthermore, supportive government initiatives aimed at improving healthcare infrastructure and enhancing access to medical services.
Surgical Sealant and Adhesive Market Share
Some of the leading companies in the surgical sealant & adhesive industry are
- Integra LifeSciences
- B. Braun Melsungen AG
- Johnson & Johnson
- C. R. Bard
- Baxter International
- Sanofi
- CryoLife
- Cohera Medical
- Sealantis
- Medtronic
These players are implementing several strategies like mergers & acquisitions, as well as portfolio expansions to maintain a strong presence in the market space.
Surgical Sealant and Adhesive Industry News
- In December 2023, AQEMIA, a pioneering pharmatech company that leveraged AI and quantum-inspired physics to hasten the discovery of small molecule drug candidates with higher chances of accomplishment in the clinic, announced a multi-year research partnership with a pharmaceutical company Sanofi.