Surgical Sealants & Adhesives Market Demand 2022-2028: Rising Cases Of Surgical Procedures Across The World

According to the current analysis of Reports and Data, the global surgical sealants & adhesives market was valued at USD 1,984.4 Million in 2020 and is expected to reach USD 3,614.2 Million by 2028, at a CAGR of 7.70%. The study covers different types of natural and synthetic sealants and adhesives used in surgical procedures. The rise in the number of surgical procedures across the world is due to various reasons such as, the increase in the diseases which potential risks to the human. Also, the number of accidents has increased across the world. The development initiatives conducted by the government particular regions also pave ways to the new healthcare systems. The medical practices have been advanced and surgical procedures involve sealants and adhesives which is the increasing choice around the world as these helps in the ease of the complex surgical practices. As the medical practices and healthcare systems are advancing the need for more research and development activities also becomes necessary and therefore, the government in many countries took initiatives and increase the funding’s towards the healthcare system. With the increase in population, the need for better and advanced medical procedures will also increase. Therefore, considering these driving factors the surgical sealants & adhesives market will witness potential growth in the future.

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Factors such as the elevated price of surgical procedures as well as machinery and tools will hamper the market growth of the business for surgical sealants and adhesives. Also, absence of knowledge of the society's latest surgical procedures will also hamper the development of surgical sealants and adhesives on the market.

Further key findings from the report suggest

    • Surgical sealants & adhesives market is growing at a CAGR of 9% in Asia Pacific followed by North America and Europe, with 9.7% and 9.6% CAGR, respectively. Increasing number of surgical procedure across the globe is the key factor to accelerate the market growth during forecast period across all regions
    • As of 2018, Central nervous system is the dominating surgical sealants & adhesives application which holds 29% of the global market. North America market is the chief revenue generating source for this product segment, followed by Asia-Pacific and Europe regions
    • Hospitals end use segment is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 10.0%. However, availability of expert surgeons are major challenge for the market growth of this market segment
    • Other Applications segment (that includes Pulmonary, Urology, Ophthalmology, Cosmetics) was valued at USD 293.5 million and is expected reach USD 617.25 million by 2026
    • North America region is expected to account for the 31% of the global surgical sealants & adhesives market. The quick pace advancements in the surgical procedures and availability of professional surgeons will helps witness the market growth in the region.
    • The risks associated with the surgeries such as infection of wound or bleeding and the complex procedures in some surgical procedures may hinder the market growth during the forecast period.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

CryoLife, Inc., B. Braun Melsungen AG, Integra Lifesciences Holdings Corporation, Ethicon Inc., Baxter International, Inc., C. R. Bard, Inc., Medtronic PLC, Johnson & Johnson, Cohera Medical, and Sanofi Group

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Surgical Sealants & Adhesives Market Segmentation:

By Type (Revenue in USD Million; Volume in Tons, 2018–2028)

  • Fibrin
  • Collagen Based
  • Cyanoacrylates
  • Polymeric Hydrogels
  • Others

By Applications (Revenue in USD Million; Volume in Tons, 2018–2028)         

  • Central Nervous System
  • Orthopedic
  • Cardiovascular
  • General Surgery
  • Other Applications

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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