Press release
Fibrin Sealants Market Growing Rapidly Huge Growth by 2031 - Baxter., Johnson & Johnson Services, Inc., Corza Medical., Vivostat A/S
The global fibrin sealant market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.Fibrin sealant is an adhesive material used to control bleeding, enhance tissue adhesion during surgeries, and promote wound healing. Made from human blood components like fibrinogen and thrombin, fibrin sealants are biocompatible and biodegradable. Besides aiding hemostasis, they are commonly used in anastomosis sealing, skin graft adhesion, and facial rhytidectomy procedures.
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Market Dynamics:
The demand for fibrin sealants, vital adhesive materials used to control bleeding during surgeries, is expected to rise due to increasing surgical volumes worldwide. Currently, only a few fibrin sealants have received FDA approval, but ongoing product developments and regulatory approvals are set to boost the market. For example, Grifols reported positive results in January 2023 from phase 3b trials of Grifols FS, a fibrin sealant previously approved for adults, now showing promise for pediatric use. Similarly, in November 2023, Ethicon, a Johnson & Johnson MedTech firm, received approval for ETHIZIATM, a hemostatic adjunct made of synthetic polymers, with plans to launch in the EMEA region in 2024. Additionally, Sealantium Medical Ltd. completed a phase I/II trial in June 2023 for their innovative fibrin sealant, sFilm-FS, aimed at reducing liver bleeding. The market is further driven by the rising demand for minimally invasive surgical procedures.
Segment Covered in the Fibrin Sealants Market:
By Type: Spray, Patch
By Packaging Volume: 2 ml, 4 ml, 10 ml, > 10 ml
By Age Group: Adults, Pediatrics
By Application: Hemostasis Adjunct, Sealant, Wound Closure and Repair, Others
By End Users: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others
Regional Analysis:
The global Fibrin Sealants Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global Fibrin Sealants Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Fibrin Sealants Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Major Key Players
• Baxter.
• Johnson & Johnson Services, Inc,
• Corza Medical.,
• Vivostat A/S
• CSL
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Related Reports
Surgical Sealants and Adhesives Market: https://www.datamintelligence.com/research-report/surgical-sealants-and-adhesives-market
Tissue Sealants Market: https://www.datamintelligence.com/research-report/tissue-sealants-market
Wound Care Sealants Market: https://www.datamintelligence.com/research-report/wound-care-sealants-market
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