Surgical Sealants and Adhesives Market Latest Trends and Future Opportunities Analysis to 2031

Insight Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Surgical Sealants and Adhesives Market (By Type (Biodegradable, Nonbiodegradable), Fabric Type (Woven, Non-woven), Application (Nonimplantable, Surgical Sutures))- Market Outlook and Industry Analysis 2030"

The global surgical sealants and adhesives market is estimated to reach over USD 5.62 billion by 2030, exhibiting a CAGR of 9.9% during the forecast period.

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Surgical sealants and adhesives are now helpful adjuncts in contemporary surgical techniques. Many favor them for their usefulness, safety, and effectiveness in mending damaged tissues and maintaining wounds received during surgery. The growing demand for surgical services and the growing interest in reducing surgical wounds are factors influencing the expansion of this market. The transition from conventional to novel wound-sealing techniques is one of the leading market drivers for surgical sealants and adhesives. Sutures and staplers, standard tools for managing wounds and incisions, can potentially leave surgical scars and cause body fluid leaking. A prominent factor driving the growth of the surgical sealants and adhesives market is the rising frequency of chronic conditions, particularly those requiring surgery, such as cancer, heart disease, and diabetes. The number of procedures performed has considerably increased across the globe. Along with the rise in surgeries, extensive R&D efforts to expand the use of surgical sealants and adhesives are also on the rise. Sutures and staples are common substitutes for surgical sealants, but due to their superior ability to close wounds with less blood loss, surgical sealants and adhesives are predicted to take their place. The sealants don't need to be removed and make surgeries less uncomfortable. Due to their high costs, sealants' market expansion is currently constrained. Strict regulatory requirements are also posing significant obstacles to business expansion.

List of Prominent Players in the Surgical Sealants and Adhesives Market:
C. R. Bard, Inc.
Johnson & Johnson (UK)
Baxter International
Medtronic plc (US)
Braun Melsungen AG (Germany)
Cohera Medical
Sanofi Group (France)
Sealantis
Vivostat A/S (Denmark)
Ocular Therapuetix

Market Dynamics:
Drivers-
The senior population, the volume of surgeries, the incidence of chronic and lifestyle-associated diseases, healthcare spending, and the need to reduce blood loss during medical procedures all contribute to the anticipated significant growth of the global surgical sealants and adhesives market in the years to come. A prominent factor driving the development of the surgical sealants and adhesives market is the rising frequency of chronic conditions, particularly those requiring surgery, such as cancer, heart disease, and diabetes.R&D activities by industry players, academic institutions, and the government are also on the rise. Due to the increased prevalence of related disorders, significant advancement in cardiovascular surgery application is anticipated.

Challenges:
The market expansion for surgical sealants and adhesives may be constrained by the availability of substitute products, high pricing, and difficulties related to these products. Additionally, the introduction of lockdown as a necessary measure to stop the spread of COVID-19 infection caused a brief pause in market growth for surgical sealants and adhesives. Many nations paused medical procedures during the COVID-19 crisis to expedite the workflow and focus on providing urgent medical attention. The need for surgical sealants and adhesives has declined due to the decline in surgical procedures. Strict regulatory requirements also pose significant barriers to corporate expansion.

Regional Trends:
The North American surgical sealants and adhesives market is expected to register a significant market share because of the rise in the number of products receiving FDA approval, the development of the healthcare system, the growing elderly population, the volume of surgeries, and the expanding use of such products. Due to rising healthcare costs, a larger hospital patient population, an increase in chronic disease cases, and government support, Asia-Pacific is predicted to experience the highest CAGR. The improvement in the healthcare infrastructure and the growing sensitivity of the local population to such products are also contributing to the sector's success in APAC.

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Recent Developments:
• In January 2020-Aortic surgery sealant AQUABRID was introduced by medical device manufacturer Terumo.
• In November 2020-TISSIUM gained FDA approval for its application for an investigational device exemption for its vascular sealant.

Segmentation of Surgical Sealants and Adhesives Market-
By Product
• Natural/Biological Sealants and Adhesives
o Natural/Biological Sealants and Adhesives, By Type
 Polypeptide/Protein-based Sealants and Adhesives
• Fibrin Based
• Gelatin Based
• Collagen Based
• Albumin Based
 Polysaccharide-based Sealants and Adhesives
• Chitosan Based
• Others
 Natural/Biological Sealants and Adhesives, by Origin
• Human Blood Based
• Animal Based
• Synthetic and Semi-synthetic Sealants and Adhesives
o Cyanoacrylates
o Polyethylene glycol Based Hydrogels
o Urethane Based
o Others

By Indication
• Tissue Sealing
• Hemostasis

By Application
• General Surgeries
• Cardiovascular
• Cns
• Urological

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.