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Peak Performance: Surgical Sealants and Adhesives Market Eyes Growth with CAGR of 11.3% by 2029
Surgical Sealants And Adhesives Market Size
What Is The Projected Market Size Of The Global Surgical Sealants And Adhesives Market And Its Growth Rate?
The Surgical Sealants and Adhesives Market is witnessing a remarkable growth trajectory:
•2024 Market Size: $2.75 billion
•2025 Projected Market Size: $2.98 billion (8.4% CAGR)
•2029 Projected Market Size: $4.58 billion (11.3% CAGR)
Growth will be driven by increase in geriatric population, rising number of accidents, and an uptick in cosmetic surgeries. In addition, the launch of advanced surgical sealants is set to reinforce the market's expansion.
What Is Driving The Growth In The Surgical Sealants And Adhesives Market?
The surge in the number of surgical procedures is a direct catalyst to the increase in demand for surgical sealants and adhesives. This is largely due to the rising incidence of obesity and lifestyle diseases, escalating numbers of spinal and sports-related injuries, and a globally aging population. In fact, the World Health Organization estimates that by 2050 there will be 2.1 billion people worldwide who are 60 years old or older - a demographic more predisposed to chronic, heart, and similar other medical conditions, and thus, a larger candidate for surgical procedures.
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Who Are the Key Players Driving Surgical Sealants And Adhesives Market Growth?
The surgical sealants and adhesives market is propelled by key players such as:
•Baxter International Inc
•Johnson & Johnson
•B.Braun Melsungen AG
•Becton Dickinson & Company
•Cryolife Inc.
•Integra LifeSciences
•Vivostat A/S
•And more
What Are The Key Trends In The Surgical Sealants And Adhesives Market?
The surgical sealants and adhesives market is evolving with trends such as:
•Development of bio-based sealants for wider application of renewable raw materials
•Strategic acquisitions and expansions to increase market shares and diversify the product portfolio
•Introduction of innovative products for optimized and improved consumer satisfaction
•Investment in nano-enabled adhesives and sealants with advanced characteristics like high surface area and nanoscale size
What Are The Segments Of The Global Surgical Sealants And Adhesives Market?
The Surgical Sealants and Adhesives Market can be categorized into:
1) Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants
2) Indication: Tissue Sealing, Tissue Engineering, Hemostasis
3) End Use: Hospital, Clinics, Others
Which Region Leads The Surgical Sealants And Adhesives Market?
In 2024, North America held the largest market share in the Surgical Sealants and Adhesives Market, followed by Western Europe. Furthermore, the market report also includes regions like Asia-Pacific, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Surgical Sealants And Adhesives Market Global Market Report?
- Key Market Analysis: Surgical Sealants And Adhesives Market size, segmentation, player focus, growth trend analysis, market contribution, growth drivers, and industry challenges.
- Competitive Developments: This includes expansions, agreements, and new product launches in the market.
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