Surgical Sealants and Adhesives Market Report on the Untapped Growth Opportunities in the Industry

"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 increasing incidence of various medical conditions, along with a growing number of accidents and sports-related injuries, has contributed to a rise in the volume of surgical procedures performed worldwide. Additionally, the critical need to effectively manage blood loss during surgeries has driven the development and introduction of innovative products aimed at improving patient outcomes. The market expansion is further supported by a surge in product approvals from leading industry players, which is fostering growth within the Surgical Sealants and Adhesives sector.

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)

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.

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Surgical Sealants and Adhesives Market Dynamics:
Market Drivers: Increase in Number of General Surgeries
The global market is primarily driven by the increasing prevalence of health disorders among the aging population, which necessitates a higher number of surgical interventions. The growing incidence of lifestyle-related diseases, trauma cases, and the expanding geriatric demographic, who are more susceptible to chronic conditions such as cardiovascular and other ailments, significantly contribute to the rising demand for surgical procedures, thereby propelling market growth.

Challenges: High Cost and Advances in Surgical Procedures
The adoption of minimally invasive surgical techniques poses a challenge to the growth of the surgical sealants and adhesives market, as these procedures often reduce the need for traditional sealants and adhesives.

North America Is Expected To Grow With the Highest CAGR during the Forecast Period
The North American Surgical Sealants and Adhesives Market is projected to achieve a substantial revenue share and register a strong compound annual growth rate (CAGR) over the forecast period. This growth is attributed to the rising incidence of chronic diseases and health conditions prevalent among the region's aging population, including orthopedic, cardiovascular, and ophthalmic disorders that require timely surgical intervention. Furthermore, stringent regulatory frameworks governing surgical devices, coupled with increased public awareness regarding the benefits of surgical procedures for injury and chronic disease management, are expected to drive market development in North America.

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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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This release was published on openPR.