Surgical Sealants & Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Natural/Biological v/s Synthetic/Semi-Synthetic), By Natural/Biological (Fibrin Sealants, Collagen Based Adhesives, Gelatin Based Adhesives), By Synthetic/Semi-Synthetic (Cyanoacrylates, Polymeric Hydrogels, Urethane Based Adhesives), By Indication (Tissue Sealing, S
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSurgical Sealants & Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Natural/Biological v/s Synthetic/Semi-Synthetic), By Natural/Biological (Fibrin Sealants, Collagen Based Adhesives, Gelatin Based Adhesives), By Synthetic/Semi-Synthetic (Cyanoacrylates, Polymeric Hydrogels, Urethane Based Adhesives), By Indication (Tissue Sealing, S
Global Surgical Sealants & Adhesives market is anticipated to increase at an impressive rate through 2028. The adhesive is a glue, paste, or a cement; a non-metallic compound which is used to bind or stick on two objects. It can resist separation when force is applied to the glued skin. The need for surgical adhesives is increasing in medical departments for invasive surgeries or operations to achieve a painless outcome. Adhesives are used or pasted on medical utilities & appliances for constant and long-lasting effects during medical procedures or treatment. The adhesive used on medical utility helps surgical medical devices to increase their efficiency and provides comfort to the skin as it is non-irritating and non-exposing. After surgeries, adhesive can stick to the skin by allowing the air to pass through and make the patient comfortable while taking treatment.
Growing Proliferation and Growth of Various Diseases are Thrusting the Market Demand
The growing proliferation of ongoing health issues because of the unhealthy diet choice such as consumption of unhygienic food, tobacco, and malnutrition issues like underweight, stunting, wasting edematous malnutrition, and other diseases are liable for circumstances, leading to the growth of surgical sealants & adhesives market. According to the WHO report published in 2021, almost 828 million people worldwide suffer from diseases due to food malfunction. As per the estimation, 46 million more patients are suffering from malnutrition compared to the past year. The data mentioned above have forecasted a positive trend for the market as governments and private player are putting their efforts into changing the drastic scenario. Hence, the demand for surgical sealants & adhesives market is expected to rise in the upcoming year.
Favorable Government Policies and Regulations to Propel the Market Growth
Globally, governments are introducing various regulations and policies such as Global Health Initiatives (GHIs), Regulation Bill, Nation Public Action Plans, Innovative Medicines Initiatives (IMI), and other initiatives to develop the medical infrastructure according to the global benchmark. They are building new medical institutions to increase their presence and network. Furthermore, technological advancements are being done to reduce the market restraining factors and make the product have more viable influence in the overall market share. These factors will directly or indirectly lead to increasing demand and are expected to drive the growth of the surgical sealants & adhesives market.
Increase in Collaboration and Product Innovation is Boosting the Growth
Growth in the surgical sealants & adhesives market is one factor attracting critical players to launch new products and strategic partnerships with key local players. These developments will help organizations use their proficiencies to increase the market's revenue share. As the market need grows, players aggressively invest in innovation, leading to technological advancements and extending their niche market. Governments are investing and providing funds to different organizations for innovation. For example, French government is providing extra financial support through a program that acknowledges and supports the 120 fastest-growing tech companies in different sectors like medicine, agriculture, and others, in France.
Recent Development
Gecko Biomedical has changed its name to Tissium SA to reflect its growing company mission and vision to create polymer technology that proposes a sutureless way to treat peripheral nerves. Along with this, they received an investment of USD 51.8 million from a Series C funding round, in July 2021.
Ethicon, Inc. (Johnson & Johnson) launched VISTASEAL, fibrin-based sealant for use in surgeries to manage bleeding. This product was launched in 2019.
In 2018, Baxter International, Inc. acquired two surgical sealants from the portfolio of Mallinckrodt. These products were RECOTHROM Thrombin topical hemostat and PREVELEAK sealant. This acquisition helped Baxter expand its product offerings and improve its market positioning.
Market Segmentation
Global surgical sealants & adhesives market is segmented based on type, indication, and application. Based on type, market is spilt into natural/biological, and synthetic/semi-synthetic. The natural/biological type can be further segmented to fibrin sealants, collagen-based adhesives and gelatin-based adhesives. While, synthetic/semi-synthetic type can be further categorized into cyanoacrylates, polymeric hydrogels, and urethane-based adhesives. Based on indication, market is divided into tissue sealing, surgical hemostasis, and tissue engineering. Based on application, market is divided into cardiovascular surgery, general surgery, CNS surgery, orthopedic surgery, cosmetic surgery, and others.
Market Players
Baxter International, Inc., Johnson & Johnson, Becton, Dickinson and Company, CryoLife, Inc., Cardinal Health, Inc., B. Braun Melsungen AG, Integra Lifesciences Holdings Corporation, Medline Industries, Inc., Adhezion Biomedical, LLC, Tricol Biomedical, Inc., among others are some of the major market players operating in the global surgical sealants & adhesives market.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
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Segments covered |
Type Indication Application |
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Regional scope |
North America;
Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China; India; Japan;
Australia; Malaysia; Germany; France; United Kingdom; Spain; Brazil;
Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt; Turkey. |
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Key companies
profiled |
Baxter
International, Inc., Johnson & Johnson, Becton, Dickinson and Company,
CryoLife, Inc., Cardinal Health, Inc., B. Braun Melsungen AG, Integra
Lifesciences Holdings Corporation, Medline Industries, Inc., Adhezion
Biomedical, LLC, Tricol Biomedical, Inc. |
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Customization scope |
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope. |
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purchase options |
Avail
customized purchase options to meet your exact research needs. Explore
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Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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