How is Rising Popularity of Plastic Surgeries Driving Surgical Glue Market?

The popularity of plastic surgeries is increasing due to the rising consumer awareness, growing disposable income, and technological advancements in surgical procedures.Plastic surgeries are specialty procedures for the reconstruction, restoration, modification, or alteration of human body. As per the American Society for Aesthetic Plastic Surgery, in 2016, Americans spent more than $16 billion on surgical and non-surgical cosmetic procedures, between which, surgical procedures accounted for 56% and non-surgical procedures accounted for 44% of the total surgeries performed. Since surgical glue and its different variants are extensively utilized in most of the surgical and non-surgical procedures for holding the tissue together and healing incisions, its demand is also growing.

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Surgical glue is a synthetic or biological material which is utilized after traumatic injuriesand surgeries for preventing air or liquid leakage in wounds. It helps in holding tissues together through a chemical bond and further facilitates hemostasis. A report by P&S intelligence stated that the global surgical glue market reached a value of $3,810.5 million in 2017 and is predicted to attain $6,936.5 million in 2023, advancing at a 10.6% CAGR during the forecast period (2018-2023). Hospitals and clinics are the major end users of surgical glue, between which, the larger demand for the product was created by hospitals during 2013-2017.

The surging number of surgical procedures and burn cases are among the major driving factors of the surgical glue market. The number of surgeries performed around the world is rising because of the growth in the prevalence of several diseases and health problems. In addition to this, the enhanced standard of living is resulting in an increased usage of indoor chimneys, fireplaces, electric appliances, and other fire-attracting materials, which, in turn, often cause burn and electric shock accidents. As surgical glue is utilized in burn cases and related surgeries to hold the tissue together, the growing number of burn cases and surgeries is leading to its increasing requirement.

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The market will witness fastest growth in Asia-Pacific (APAC)

The surgical glue market is expected to witness the highest growth in APAC, with a CAGR of 11.6% during the forecast period, attributed to growing geriatric population, rising incidence of road accidents and burns cases, and increasing per capita income in the region. Also, the region is estimated to hold a share of more than 20.0% in the market by 2023, to become the second largest regional surgical glue market after North America.

Surgical Glue Market - Competitive Landscape

Some of the major players operating in the global surgical glue market are Advanced Medical Solutions Group PLC, B. Braun Melsungen AG, Baxter International Inc., C. R. Bard Inc., Cardinal Health Inc., Cohera Medical Inc., CryoLife Inc., Integra LifeSciences Holdings Corporation, Johnson & Johnson, Medtronic PLC, and Takeda Pharmaceutical Company Limited.

GLOBAL SURGICAL GLUE MARKET SEGMENTATION

By Type

Fibrin sealant
Cyanoacrylate
Collagen-based compound
Glutaraldehyde Glue
Hydrogel
Others (polysaccharide-based and urethane-based variants)
By Application

Cardiac surgery
Pulmonary surgery
Vascular surgery
Liver and spleen lacerations
Orthopedic surgery
Burn bleeding
Plastic surgery
Wound management
Neurosurgery
General surgery
Others (eye, urological, and gynecological surgeries)
By End User

Hospitals
Clinics
Others (ambulatory surgery centers and primary care providers)
By Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific (APAC)
Japan
China
India
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA

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About P&S Intelligence

P&S Intelligence 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.

This release was published on openPR.