Surgical Sealants and Adhesives Market Growth Poised to Accelerate with USD 6.26 Billion Revenue Target by 2031 Amid Technological Advances

"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 global increase in the prevalence of various medical conditions, along with a growing number of accidents, sports-related injuries, and trauma cases, has resulted in a significant rise in surgical procedures worldwide. This has, in turn, heightened the demand for effective blood loss management solutions during operations. Ongoing efforts to develop innovative products aimed at improving surgical outcomes are further propelling market growth. Additionally, an increasing number of product approvals from key industry players is contributing to the expansion of the surgical sealants and adhesives market.

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: Rising Volume of General Surgical Procedures
The increasing incidence of health disorders among the aging population is a key factor driving growth in the global market. The growing prevalence of lifestyle-related diseases, the rising number of injuries, and a rapidly expanding elderly demographic are contributing to the escalating demand for surgical interventions. Furthermore, the surge in emergency medical situations requiring urgent surgical procedures, coupled with the susceptibility of the aging population to chronic conditions such as cardiovascular and other health disorders, is expected to significantly propel market expansion.

Challenges: High Costs and Advancements in Surgical Techniques
Despite the growing need for surgical interventions, the adoption of minimally invasive surgical techniques has reduced reliance on traditional procedures, thereby limiting the demand for surgical sealants and adhesives. These alternatives to conventional surgery present a competitive barrier to market growth. Additionally, the high costs associated with surgical sealants and adhesives represent a significant challenge, particularly in cost-sensitive healthcare environments, which may hinder broader market adoption.

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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 projected to capture a substantial revenue share and exhibit a strong compound annual growth rate (CAGR) in the near future. This growth is primarily driven by the rising prevalence of chronic diseases and other health-related conditions across the region. The aging population in North America is increasingly affected by ailments such as orthopedic, cardiovascular, and ophthalmic disorders, which often require surgical intervention. Additionally, favorable regulatory frameworks for surgical devices, along with heightened public awareness regarding the benefits of timely medical procedures for injuries and chronic conditions, are expected to further support market expansion.

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

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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.