Surgical Sealant and Adhesives Market is expected to grow at a CAGR of 9% during the forecast period (2018-2023)| Dominant Vendors - JOHNSON & JOHNSON, MEDTRONIC, CRYOLIFE, C.R. BARD, INC., SANOFI S.A., B. BRAUN MELSUNGEN AG, BAXTER INTERNATIONAL, INC., C

Market Analysis:

United States Leads the Market in North America

The United States surgical sealant and adhesives market held the largest share in 2017 in North America due to the presence of high-quality healthcare system and modern medical technology. Additionally, the growing importance of surgical care in public health policies of the United States is likely to contribute toward the growth of the surgical sealant and adhesives market.

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Surgical sealants are substances that block the passage of fluids and blood after any surgical procedure. According to the WHO, an estimated 234.2 million major surgical procedures are undertaken every year worldwide. An unprecedented increase in the number of surgical procedures worldwide and remains a major driver for the market. The other factors, such as advancement in technology are driving the surgical sealant and adhesives market to grow. The lack of favorable reimbursement policies for surgical sealants and adhesives in most developing countries and a few developed countries is causing hindrance to the market.

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Market Segments:
Surgical Sealant and Adhesives Market is segmented by:
1. Products: Natural or Biological Sealants and Adhesives, Synthetic and Semi-synthetic Adhesives Synthetic and Semi-synthetic Adhesives
2. Origin: Human Blood-based, Animal-based
3. Application: General Surgery, Dental Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neuro-surgery, Orthopaedic Surgery, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018: Baxter International Inc. announced an agreement to acquire two hemostat and sealant products from Mallinckrodt PLC - RECOTHROMu00ae Thrombin topical (Recombinant) and PREVELEAKu00ae Surgical Sealant.
• September 2017: Cohera Medical, Inc., announced that it has signed an exclusive, long-term distribution agreement with Terumo Corporation (Tokyo, Japan) for Sylys Surgical Sealant.

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