Surgical Sealants and Adhesives Market to Reach $6.26 Billion by 2031 at 10.39% CAGR.

"Surgical Sealants and Adhesives Market" in terms of revenue was estimated to be worth $2.87 billion in 2023 and is poised to reach $6.26 billion by 2031, growing at a CAGR of 10.39% from 2024 to 2031 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Surgical Sealants and Adhesives Market are:
• Increasing number of accidents requiring urgent procedures
• Increasing chronic health conditions
• Increase in the number of general surgeries

The following are the primary obstacles to the Surgical Sealants and Adhesives Market's expansion:
• High costs incurs in Surgical Sealants and Adhesives
• Availability of alternatives
• Advancing surgical Procedures

Future expansion opportunities for the global Surgical Sealants and Adhesives Market include:
• Investments in surgical devices
• Expenditure on expansion of product portfolio
• Expansions by various market players

Market Analysis:
The rise in the prevalence of various ailments, growth in the number of accidents and sports-related injuries and rising incidence of trauma have led to an increase in procedures and surgeries being performed globally. Furthermore, the need to manage blood losses in patients, which is being undertaken to bring innovative products to cure the disease, is aiding market growth. There is a rise in the number of product approvals by various major players, boosting the Surgical Sealants and Adhesives Market expansion.

List of Prominent Players in the Surgical Sealants and Adhesives Market:
• Bard
• Johnson & Johnson (Ethicon, Inc.) (US)
• Baxter International
• Medtronic Plc. (US)
• Braun Melsungen AG (Germany)
• Sanofi Group (France)
• Sealants
• Cohera Medical
• Ocular Therapeutics
• Vivostat A/S (Denmark)

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Recent Developments:
• In February 2022, Gunze Limited procured medical device approval to produce and sell TENALEAF, Japan's first sheet-type absorbable adhesion barrier. The company introduced the product in March 2022 through its subsidiary "Gunze Medical Japan" in the Japanese market.
• In January 2022, Futura Surgicare Pvt. Ltd (Dolphin Sutures) united with UK-based Advanced Medical Solutions (Admedsol) to broaden its wound closure offering and announced its plans to introduce a liquid range of products exclusively in India under the new vertical Dolphin Adhesives, which offers topical skin adhesives Exceed, Exceed XS and Optima that have been developed to provide with innovative solutions to close wounds and minimize adverse surgical outcomes.
• In October 2021, an international research team led by McGill University successfully revealed the cellular mechanism responsible for the underwater adhesive fabricated by the mussels.

Surgical Sealants and Adhesives Market Dynamics:
Market Drivers: Increase in Number of General Surgeries
The increasing number of health disorders among the aging population and hence the need to operate the diseased is a major significant driver of the global market. There is a rising prevalence of lifestyle diseases, a rising incidence of injuries, and a geriatric population, which surges the demand for surgical procedures, which is expected to fuel market growth. Moreover, the rise in the number of incidents demanding urgent surgical procedures and the aging population, which is more prone to chronic health issues, heart diseases, and other health problems, give rise to surgical procedures and thus boost the expansion.

Challenges: High Cost and Advances in Surgical Procedures
Despite a conventional surgery procedure, minimally invasive surgery procedures are followed, limiting surgical sealants and adhesives. This process hampers the market growth of surgical sealants and adhesives, as there are other substitutes to general surgery procedures. Besides, the huge costs associated with surgical sealants and adhesives are a major challenge to the growth of this market.

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North America Is Expected To Grow With the Highest CAGR during the Forecast Period
The North America Surgical Sealants and Adhesives Market is likely to register a significant revenue share and develop at a rapid CAGR shortly. This is due to the increasing number of chronic diseases and other health-related conditions. North America's aging population has health issues like bone, heart, or eye-related problems that call for emergency treatments. Furthermore, the region is expected to witness growth due to better regulations of surgical devices and growing awareness among the population to approach such procedures in case of injuries and chronic disease problems.

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
• Cyanoacrylates
• Polyethylene glycol Based Hydrogels
• Urethane Based
• Others
By Indication-
• Surgical Hemostasis
• Tissue Sealing
• Tissue Engineering
By Application-
• General Surgeries
• Cardiovascular Surgeries
• Central Nervous System Surgeries
• Orthopedic Surgeries
• Urological Surgeries
• Others
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
• Southeast 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

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.