Surgical Sealants and Adhesives Market - Growth, Trends and Forecast by 2024
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The growth of surgical sealant and adhesives market is driven by the growing demand for surgical services and rising concerns to decrease surgical injuries, blood loss and reduced postoperative wound infections. Also growing number of ageing population and increasing burden of chronic disease will propel the growth of surgical adhesives and sealants market. Additionally, surgical sutures and staples cause hatch marks, whereas surgical sealants and adhesives don’t leave any marks resulting in excellent cosmetic outcome. Increasing rate of surgeries, facilitating widespread R&D activities targeting surgical sealants and adhesives, is anticipated to sustenance long-term growth of the market. Traditional substitutes to surgical sealants and adhesives are stiches and staples, which are anticipated to be replaced by these products, attributed to their better wound closure abilities, with nominal blood loss. These sealants and adhesives do not need to be removed and hence facilitate low pain operations. However, handling surgical sealants and adhesives demands for professionals specially trained to perform the procedures skillfully to achieve maximum advantage and to minimize complications. Also the high cost of these products and strict regulatory approvals, collectively hamper the growth of surgical sealants and adhesives market substantially over the forecast period.
The global surgical sealants and adhesive market can be segmented on the basis of product type in two broad segments, Natural or biological sealants & adhesives and Synthetic and Semi Synthetic sealants & adhesives. Natural or biological sealants & adhesives can be further divided into two main segments on the basis of type and origin. On the basis of type, biological sealants are Collagen based, Fibrin based and Gelatin based. On the basis of origin, natural or biological sealants & adhesives are Animal-based and Human Blood-based. Synthetic and Semi Synthetic Sealants are further divided in to Polymeric Hydrogels, Cyanoacrylates and Urethane based. On the basis of application, the market can be segmented as Cosmetic Surgery, Ophthalmology, Central Nervous System, Pulmonary and Cardiovascular Surgery, Urology, Orthopedic Surgery, General Surgery, and others. On the basis of end user, Surgical sealants and adhesive market is segmented in to, Hospitals, Clinics and Ambulatory Surgical care Centers.
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Geographically, the market is segmented in to five main regions, North America, Latin America, Asia Pacific, Europe and Middle East & Africa. North America holds major share of the market globally. High quality healthcare along with modern medical technology, and health policies giving more importance to surgical care are some of the factors contributing to the market growth. Asia Pacific is expected to project rapid growth due to advanced value-based healthcare practices. This will enable people to get better facilities at affordable price thereby promoting the usage of new techniques in healthcare practices including surgeries.
Key players of the global surgical sealants and adhesive markets are LifeBond Ltd, Baxter International Inc., CryoLife, Inc., Medtronic plc, B. Braun Melsungen AG, Vivostat A/S, Cohera Medical, Inc., Ethicon US, LLC. (Johnson & Johnson), Sealantis Ltd, Ocular Therapuetix, Inc., and others.
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