The global surgical sealants and adhesives market was valued at $1,993 million in 2016, and is expected to reach $3,794 million by 2023, registering a CAGR of 9.7% from 2017 to 2023. Surgical sealants and adhesives are preferred over traditional closure methods such as wires, sutures, and staples, as these techniques create immediate and proper sealing. Surgical sealants and adhesives are expected to replace sutures and staples, owing to their improved closure capabilities, less blood loss, higher implementation rate facilitating less painful operation.
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Urgent need to minimize blood loss in patients and increase in cases of surgical procedures occurring across different countries are the key factors driving the growth of the surgical sealants and adhesives market. Furthermore, surge in adoption of technological advanced products along with certification by regulatory authorities is expected to boost the market growth.
However, improper reimbursements in case of surgical adhesive and high costs along with huge data requirements for clinical study designing & launching new products are the factors that hamper the growth of the market. On the contrary, upsurge in demand for surgical sealants & adhesives across the emerging nations is anticipated to offer lucrative growth opportunities for the market.
The global surgical sealants and adhesives market is segmented based on product, indication, application, and region. On the basis of product, the market is bifurcated into natural/biological sealants & adhesives and synthetic & semisynthetic sealants and adhesives. Natural/biological sealants and adhesives are further segmented into by type and by origin
The market based on indication is fragmented into tissue sealing & hemostasis and tissue engineering. The applications covered in the study include central nervous system (CNS) surgeries, general surgeries, cardiovascular surgeries, orthopedic surgeries, cosmetic surgeries, ophthalmic surgeries, urological surgeries, pulmonary surgeries, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major manufacturers covered in this report:
Baxter International Inc.,B. Braun Melsungen AG,Cohera Medical, Inc.,CryoLife Inc.,C.R. Bard Inc.,CSL Limited (CSL Behring),Johnson & Johnson (Ethicon, Inc.),Ocular Therapeutix Inc.,Sanofi,Sealantis Ltd.
Scope of the Report:
The research on the Surgical Sealants and Adhesives market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Surgical Sealants and Adhesives market on the basis of end user, product type, application, and demography for the forecast period 2017–2023. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and infographics.
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For more clarity on the real potential of the Surgical Sealants and Adhesives market for the forecast period 2017–2023, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.
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The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2017–2023? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Surgical Sealants and Adhesives market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Surgical Sealants and Adhesives market?
- What are the prominent market trends influencing the development of the Surgical Sealants and Adhesives market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Surgical Sealants and Adhesives market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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