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Fibrin Glue Market is Expected to Grow at a CAGR of 10.9% | Vivostat A/S, KAKETSUKEN, Johnson & Johnson, Baxter International Inc., CSL Behring, Hualan Biological Engineering Inc.

01-31-2019 07:03 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Fibrin Glue Market is Expected to Grow at a CAGR of 10.9% | Vivostat

The fibrin glue market is expected to grow at a CAGR of 10.9% between 2017-2023, to reach $3.6 billion by 2023. Rising healthcare expenditure, increasing number of surgical procedures and burn cases are some of the key factors, driving the growth of the growth. Additionally, increasing prevalence of chronic diseases, aging population, low chances of complications associated with these products and increase in road accidents also support the growth of the global market.

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Key Players Operating in the Global Fibrin Glue Market
• Vivostat A/S
• KAKETSUKEN
• Johnson & Johnson
• Baxter International Inc.
• CSL Behring
• Hualan Biological Engineering Inc.

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Fibrin glue is made up of thrombin and fibrinogen which is applied on the tissue site for gluing them together. It is used in wound closure, bronchial fistulas, achieving hemostasis in liver and spleen trauma, and dura tears. Fibrin glue has sealing and hemostatic properties that help in gluing the tissues during a surgery. In clinical use, fibrin glue provides adequate tissue adhesion and shows quick hemostasis. The chances of complications during surgeries are quite less, with the use of fibrin glue. It reduces postoperative bleeding, postoperative scars, and infection when impregnated with antibiotics. As compared to sutures, fibrin glue causes less inflammation, faster surface rehabilitation, and less discomfort to the patient. Moreover, using fibrin glue in surgeries causes less post-operative pain, since the biomaterials of the fibrin glue are not toxic, inflammatory and allergenic. All the above factors associated with the use of fibrin glue, eventually lead to lower complications in various surgical procedures, thereby driving the growth of the fibrin glue market.

Browse report at: https://www.psmarketresearch.com/market-analysis/fibrin-glue-market

GLOBAL FIBRIN GLUE MARKET
By Application
• Cardiac surgery
• General Surgery
• Vascular surgery
• Pulmonary surgery
• Neurosurgery
• Lacerations of liver and spleen
• Burn bleeding
• Orthopaedic surgery
• Plastic surgery
• Wound management
• Others
By Geography
• North America Fibrin Glue Market
o By Application
o By Country – The U.S. and Canada
• Europe Fibrin Glue Market
o By Application
o By Country – Germany, France, the U.K., Italy, Spain and Rest of Europe
• Asia-Pacific Fibrin Glue Market
o By Application
o By Country – Japan China, India and Rest of Asia-Pacific
• Latin America Fibrin Glue Market
o By Application
o By Country – Brazil, Mexico and Rest of Latin America
• Middle East & Africa (MEA) Fibrin Glue Market
o By Application

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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