Press release
Surgical Glue Market - Huge business opportunities in this highly growing field
Skin glue is a special medical glue used to close wounds. Can be used on its own or with staples or tape. Forms a waterproof protective cover over the wound. Skin glue is generally used for cuts or wounds that are small or minor and up to 5cm long. They should have straight edges that can be easily pushed together. Skin glue is often used to close wounds on the face or head and parts of the arms and legs. It also includes the trunk of the body (torso). Skin glue is not suitable for wounds on joints, such as knees or hands. Skin glue is applied in liquid or paste form to the edges of a wound. It only takes a few minutes to install.The glue usually forms a scab that peels or falls off in 5 to 10 days. The scar usually takes about 6 months to disappear. It is mainly used to close both major and minor wounds, such as lacerations, incisions made during laparoscopic surgery, and wounds on the face or groin. The benefits of surgical glue include lower infection rates, less time in the operating room, less scarring, no need for needles or stitches, which also makes it suitable for children and helps people get back to work and other activities quickly , like sports Surgical glue costs more than sutures. Some people are allergic to it. The glue cannot be used if the patient is at increased risk of slow wound healing that occurs in diabetes and other health conditions.
The global surgical glue market generated $2.3 billion in 2021 and is projected to reach $4.6 billion by 2031, growing at a CAGR of 7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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COVID-19 Scenario:
• The COVID-19 outbreak has negatively impacted the growth of the global surgical glue market, due to the occurrence of lockdowns in several countries across the globe.
• • Lockdowns have resulted in a further reduction in the number of surgeries due to the delay or cancellation of several surgeries, as doctors have become increasingly inclined to treat the patient with COVID-19 infection as a priority. • In addition, the blockade has caused disruption in the production and supply chain of medical devices.
• • These restrictions have been imposed by the governments of various countries to slow the spread of the virus during the pandemic. • However, the market is expected to recover soon as restrictions ease.
Based on application, the Cardiovascular Surgeries segment held the dominating market share in 2021, holding more than one-fifth of the global surgical glue market share, and is expected to maintain its leadership status during the forecast period. The report includes other segments such as Central Nervous System Surgeries, General Surgeries, Orthopedic Surgeries, Cosmetic Surgeries, Ophthalmic Surgeries, Urological Surgeries, Pulmonary Surgeries, and Others.
On a product basis, the synthetic and semi-synthetic segment held the dominant market share in 2021, with more than three-fifths of the global surgical glue market share, and is expected to maintain its leading status during the forecast period. The natural segment, on the other hand, is expected to quote the fastest CAGR of 7.6% during the forecast period. Based on end user, the hospital segment maintained the dominant market share in 2021, with more than half of the global surgical glue market share, and is expected to maintain its leading status during the forecast period. The other segment, on the other hand, is expected to quote the fastest CAGR of 7.1% during the forecast period.
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Based on region, the market across North America held the largest market share in 2021, holding more than one-third of the global surgical glue market share, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 7.7% during the forecast period.
The key players analyzed in the global surgical glue market report include
Baxter International Inc.,
B. Braun Melsungen AG,
Cohera Medical, Inc.,
CryoLife Inc.,
CSL Limited,
Johnson & Johnson,
Ocular Therapeutix Inc.,
Sanofi S.A., Sealantis Ltd.,
and Vivostat A/S.
The report analyzes these key players in the global surgical glue market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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