Press release
Tissue Glue And Bio Adhesive Sealants Market 2022-Global Industry Overview and Competitive Landscape till 2032
The growing demand for advances and highly effective adhesives continues to influence manufacturers to develop alternative glues and cementing materials. In 2015, the global sales of tissue glue and bio-adhesive sealants have been recorded to exceed US$ 1.1 billion, indicating a promising scope of growth in terms of revenues. According to Persistence Market Research's recent report titled "Tissue Glue and Bio-adhesive Sealants Market: Global Industry Analysis & Forecast, 2016-2024" global revenues will reach US$ 2,281.2 million by the end of 2024.By end-user, hospitals will dominate global revenues, as compared to specialty clinics and ambulatory surgical centers (ASCs). In terms of application, the report has forecasted cardiovascular surgeries to account for the highest revenue share. Surpass one billion dollar mark by 2024.
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Ethicon Inc. & Baxter International: Dominant Market Players
Local and regional pharmaceutical manufacturers have been actively participating in the global tissue glue and bio-adhesive sealants market, collectively accounting for 14%-15% market share. Key findings from the research have indicated that Ethicon, Inc., a Johnson & Johnson subsidiary that manufactures wound sealing devices and surgical sutures is the largest player in the global market. With over 40% company share, Ethicon (US) has independently expanded its outright dominance in the global tissue glue and bio-adhesive sealants market.
Second in line is US-based medical products manufacturer, Baxter International Inc., which contributes to an estimated 22.6% share of global market revenues. Cryolife, Luna Innovations Incorporated, B. Braun Melsungen AG, C. R. Bard Inc., Tissuemed Ltd., Cohera Medical, Inc., Integra LifeSciences Corporation, DENTSPLY SIRONA Inc. and Chemence Medical, Inc., are some of the leading companies recognized for their partaking in the growth of the global market for tissue glue and bio-adhesive sealants.
Companies
Cryolife
Baxter International Inc.
Luna Innovations Incorporated
B. Braun Melsungen AG
Johnson and Johnson
DENTSPLY SIRONA Inc.
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Global Sales Analysis: High Demand for Fibrin Sealants
Product-wise breakdown of global tissue glue and bio-adhesive sealants sales recorded throughout the forecast period have indicated higher demand for fibrin sealants. Global consumption of fibrin sealants in 2016 is estimated to account for nearly US$ 500 million in revenues. Compared to fibrin sealants, the collective revenues generated from sales of protein-based sealants and thrombin-based sealants in the global market are projected to secure over 40% value share by the end of 2024. Meanwhile, sales of collage-based sealants and gelatin-based sealants are predicted to incur a slight dip over the forecast period.
Key Questions Answered in This Report.
• What are the Roadblocks for Tissue Glue And Bio Adhesive Sealants Suppliers?
• What are the Key Opportunities for Tissue Glue And Bio Adhesive Sealants Manufacturers?
• How is Focus on Safety Influencing Tissue Glue And Bio Adhesive Sealants Demand?
• What is the Regulatory Impact on Global Sales of Tissue Glue And Bio Adhesive Sealants?
• Which Region Offers the Largest Opportunity for Sales of Tissue Glue And Bio Adhesive Sealants?
• Where Does the U.S. Stand in the Market for Tissue Glue And Bio Adhesive Sealants?
• What Is the Outlook for Tissue Glue And Bio Adhesive Sealants Manufacturers in China?
• Why is Germany a Lucrative Market for Tissue Glue And Bio Adhesive Sealants Manufacturers?
• Why Will Belgium Outpace Other European Markets for Tissue Glue And Bio Adhesive Sealants?
• Why is There High Demand for Tires in Tissue Glue And Bio Adhesive Sealants?
• Why are Sales of Tissue Glue And Bio Adhesive Sealants Surging?
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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