Various Applications in Cosmetic and Cardiovascular Surgeries Boosts Surgical Sealants and Adhesives Market at a CAGR of 9.7% by 2023

According to a new report published by Allied Market Research, titled, Surgical sealants and adhesives Market by Product, Indication, Application, and Geography: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global surgical sealants and adhesives market accounted for $1,993 million in 2016, and is expected to reach $3,794 million by 2023 with a CAGR of 9.7% from 2017 to 2023. North America is the highest contributor in the surgical sealants and adhesives market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

Adhesives and sealants are used during surgical procedures to reinforce surgical wounds, repair injured tissues, or even replace common suturing techniques. These products can be used as adjuncts to sutures to prevent air and liquid leakages. They can be developed naturally or synthetically, and are used generate three-dimensional networks, which bind to the target tissues and act as sealants, hemostats, or adhesives.

The major driving factors of surgical sealants and adhesives market are rise in geriatric population, surge in prevalence of chronic diseases, and increase in awareness towards the benefits of using surgical sealants and adhesives. Furthermore, increase in number of surgical procedures globally and adoption of technologically advanced products fuel the growth of this market. However, rise in popularity of minimally invasive surgeries, high cost of these sealants and adhesive agents, and requirement of large amount of clinical data for the launch of new products are expected to hamper the market growth.

Among the product segment, natural sealants and adhesives dominates the market, as these products cause less immunogenic reaction, are available abundantly, and are thus less expensive as compared to synthetic products. However, the synthetic and semisynthetic sealants and adhesives segment registers the highest growth rate, as these products are more durable and flexible in nature.

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Among the indication segment, tissue engineering is anticipated to grow at the highest rate, owing to upsurge in demand for tissue regeneration products in case of traumatic & burn injuries and rise in number of cosmetic surgeries.

According to Garima Chandra, Research Analyst, Healthcare at Allied Market Research, Increase in number of surgical procedures globally, surge in demand to minimize blood loss in patients, and increase in awareness towards the potential benefits of using surgical sealants and adhesives over traditional methods are the major driving factors of the market.

Key Findings of the Surgical Sealants and Adhesives Market:

• Cosmetic surgery is projected to grow at the highest rate during the forecast period both in terms of value and volume by 12.2% and 12.7% respectively.

• North America dominated the global surgical sealants and adhesives market in 2016, and is projected to continue its dominance in future.
• China is expected to grow at the highest rate in the Asia-Pacific region during the forecast period.
• Tissue sealing & hemostasis was the largest contributor among the end user segment in 2016.
• Cardiovascular surgery segment generated the highest revenue in 2016, and is expected to continue its dominance in future.
• In terms of volume fibrin based accounted for the largest share in 2016, registering a CAGR of 8.5% during the forecast period.
• Chitosan based dominated the polysaccharide natural surgical sealants and adhesive segment in terms of volume in 2016.

Analyst Review:

Surgical sealants and adhesives are commonly used to prevent leakage of fluid and/or gas from a surgical incision. These agents have emerged as promising products, which are expected to potentially replace sutures and staples, as they help to prevent air and liquid leakages during and after the surgeries. Furthermore, the physical properties and adhesion strength of these products help to seal the wound area efficiently without limiting the tissue movement and function.

Current techniques used for sealing tissues after surgical procedures such as sutures, wires, and staples have several limitations such as they may cause further tissue damage, are time-consuming, and may lead to tissue infection. Thus, the preference for surgical sealants and adhesives has increased considerably, as they provide flexibility without compromising strength and can efficiently stop body fluid and air leakages in different procedures such as lung and cardiovascular surgeries.

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