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Surgical Sealants and Adhesives Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global market of surgical sealants and adhesives is forecasted to value over US$ 3.5 billion by the end of 2026 and grow at a CAGR of over 9.3%during the forecast period of 2019-2026. This study probes deeper into the given statistics and all th
Title:
Surgical Sealants and Adhesives Market Global Trends,
Market Share, Industry Size, Growth, Opportunities, and Market
Forecast 2019 to 2026
The global market of surgical sealants and adhesives is forecasted to value over US$ 3.5 billion by the end
of 2026 and grow at a CAGR of over 9.3%during the forecast period of 2019-2026.
This study probes deeper into the given statistics and all the factors responsible for it as well as those which
affect it in the near future, in reference to the various segmentations and aspects of the product and it's market
therefore.
Adhesives and surgical sealants used during medical procedures to fill surgical wounds, rebuild injured tissues,
and replace and improve common stitching in medical practices. These products can be used as supplements to
sutures to restrict any leakages. These can be manufactured naturally or synthetically, and are used to develop
certain three-dimensional networks, which attach to the target tissues and act as adhesives. Sealants have
evolved to useful aids in modern surgical procedures and are widely preferred given their efficacy, less stringent
regulations, benefit in repairing injured tissues and growing need of quality healthcare.
The most contributing factors in the upsurge of surgical sealants markets are the rise in geriatric population. This
refers to the healthcare and well-being of the elderly, and since the healthcare issues are primarily rising in the
preceding generation, they seek solutions for the same from the world of medicine. The rise in frequency of
chronic diseases, and more awareness towards the advantages of using surgical adhesives also aids in the
increase in demand and market growth. The rise in requirement is also owing to the upsurge in demand for
tissue regeneration products in case of traumatic & burn injuries and rise in number of cosmetic surgeries.
Furthermore, with the number of surgical procedures increasing globally, the adoption of technologically
advanced products fuel the market’s reach.
To elucidate further, major factors responsible for driving the expanse of the market are the presence of many
hospitals, the heightening prevalence of lifestyle diseases such as obesity among the youth thus in such severe
cases leading to surgeries. To cater to this multiplying demand, the Asia-Pacific region is predicted to witness the
highest growth rate during the forecast period. This can be attributed to the mushroom investments by major
players in these regions, rising health awareness, growing per capita income, increasing medical tourism, the
presence of less stringent regulations, and growing demand for quality healthcare.
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The biological or natural surgical sealants and adhesive agents are preferred over their counterparts and thus
more commonly used given that their abundance in availability and thus are inexpensive and sustainable. Fibrin
sealants, which come under biological sealants accounted for the largest market share in 2015, as they are used
widely in medical practices. These are used in thoracic, cardiovascular, orthopedic, neuro, and reconstructive
surgeries. Furthermore, among other sealants, Fibrin is the only adhesive to receive FDA approval, expanding use
to all the three categories. Under synthetic sealants, Cyanoacrylates is projected to record rapid growth in the
forecast period owing to its quick effect and efficacy. Its strength lies in adhesiveness and mechanical use
variability which make it very easy to be adopted into surgical practices worldwide. However, cyanoacrylates are
registered to cause harmful side effects like intense inflammation, when exposed to external surfaces other than
skin, thus limiting its use to internal surgeries. This limitation hinders its utilisation and slows market growth in
this specific aspect.
The Central Nervous System (CNS) Surgeries accounted for the major biggest market share in the 2016, given
the global increase in central nervous system disorders. Sealants are preferred over traditional products such as
wires, sutures, and staples in CNF surgeries as traditional sealant methods are difficult to apply in these
surgeries. Thus the demand for sealants has increased drastically in CNF surgeries. On the other side, the
segment of cardiovascular segments is estimated to soar at the highest growth rate in the forecast period. This is
attributed to the increase in cardiovascular surgeries including heart surgeries and transplants has provided
opportunity and room for the market's growth.
North America was accounted to enjoy the largest market share in 2015- 2016, and is further expected to hold
the same position throughout the forecast period. China is expected to emerge as a main market in the AsiaPacific region during the forecast period. Asia-Pacific is witnessing the highest CAGR during the analysis period
especially India and China. Increasing importance given to surgical care in public health policies in the U.S. is to
have a positive effect. Another contributing factor here, is the local presence of major market players.
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Global Surgical Sealants and Adhesives Market: Restraints
+ Lack of reimbursements
+ High costs associated with clinical data requirements
+ Relatively lower disposable income
The key players in the global market of surgical sealants and adhesives are Baxter International Inc., B. Braun
Melsungen AG, Cohera Medical, Inc. Along with CryoLife Inc., C.R. Bard Inc., CSL Limited (CSL Behring),
Johnson & Johnson (Ethicon, Inc.), Ocular Therapeutix Inc., Sanofi, and Sealantis Ltd. Other prominent players in
the value chain include Vivostat A/S, Medtronic Plc, Mallinckrodt Plc, Cardinal Health, Integra LifeSciences
Holdings Corporation, and LifeBond Ltd. These combine a blend of both huge public and specialized companies
focused on a single segment/products. For instance, Cohera Medical, Inc.’s product portfolio focuses only on
surgical sealants. The emergence of new players in the local market are expected increase competition.
Continuous innovations by older firms help them maintain dominance in the market.
Global Surgical Sealants and Adhesives Market, by Type:

Biological Sealants
> Type
> Origin


Synthetic Sealants
Semi-Synthetic Sealants
Global Surgical Sealants and Adhesives Market, by Application:








Cardiovascular Surgeries
Cosmetic Surgeries
Central Nervous System (CNS) Surgeries
Pulmonary Surgeries
Urological Surgeries
Orthopaedic Surgeries
Ophthalmic Surgeries
Other
Global Surgical Sealants and Adhesives Market, by Indication:



Tissue Sealing
Tissue Engineering
Hemostasis
Global Surgical Sealants and Adhesives Market, by End User:




Clinics
Hospitals
Maternity Centres
Outpatient Centres
Global Surgical Sealants and Adhesives Market, by Region:

Europe




North America
APAC
Latin America
Rest of World
Competitive Landscape:
> Tier 1 players- already established companies in the market who enjoy major market share
> Tier 2 players -Emerging players which are growing rapidly
> New Entrants
FutureWise Takeaways
> Growth prospects
> SWOT analysis
> Key Trends
> Key data points affecting market growth
Objectives of the Study:
> To provide with an exhaustive analysis on the global surgical sealant and adhesives market on basis of
product, application, indication, end-user and region.
> To gather comprehensive information on factors impacting the market growth (drivers, restraints,
opportunities, and industry-specific restraints)
> To evaluate and forecast micro-markets and overall markets
> To predict market size, in five key regions (along with the countries)—North America, Europe, Asia Pacific,
Latin America, and the Middle East and Africa.
> To record, evaluate and competitive landscape mapping- product launches, technological advancements,
mergers and expansions
> Profiling of companies to evaluate their market shares, strategies, financials and core competencies
Inquire further details about this report at: [email protected]
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their industry – a position secured for far more than the near future.
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Contact Person: Vinay Thaploo
Email: [email protected]
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Author
Merin John
Merin John263   documents Email
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