The increasing proliferation and growth of diseases and the mounting number of accidents & surgery are factors driving the demand for the global surgical sealants & adhesives market in the forecast period 2024-2028. According to TechSci Research report, “Surgical Sealants & Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the global surgical sealants & adhesives market is projected to grow at an impressive rate in the forecast period, 2024-2028.
The Important Elements of Surgical Sealants & Adhesives Market
Catastrophes, confrontations, the growing healthcare industry, the rapid increase in population, and government initiatives are other reasons for market growth. According to the American Society for Aesthetic Plastic Surgery, there will be almost 81.7 % change in the number of surgical cases comparing 1997 to 2014. The above data shows that there will be a rise in surgeries in the forecasted period following previous trends, which will positively influence the need for the surgical sealant and adhesive market.
Non-invasive surgeries and treatment methods are the upcoming trends that will modify the existing medical system and treatment method. The markets biggest restrain is the rising prevalence of non or less-invasive surgical methods, as per the Porter substitute model. Apart from these, the product’s design and size can create a situation that loses product adhesivity in a short time over fragile skin and can hamper the product’s performance. In addition, supply chain disturbances and environmental issues are other factors restraining the surgical sealant and adhesive market growth.
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The global surgical sealants & adhesives market is segmented based on type, indication, application, region, and competitive landscape.
Based on type, the market is divided into natural/biological and synthetic/semi-synthetic. The natural/biological segment is expected to hold the largest market share in 2022. This can be ascribed to the fact that natural/biological surgical sealants & adhesives offer better biocompatibility and reduced immune responses. Additionally, using these sealants helps in reducing in vivo degradability as compared to the counterparts, hence increasing the use of these surgical sealants & adhesives in repairing injured tissues and reinforcing surgical wounds.
Based on application type, the market is divided into cardiovascular surgery, general surgery, CNS surgery, orthopedic surgery, cosmetic surgery, and others. As per estimates, the cosmetic surgery segment will experience the highest market share during the forecast period. The growing cases of skin & burn injuries, rising facial cosmetic surgeries, and an ever-increasing number of breast implants are the factors directly responsible for the growing demand for cosmetic surgery. Besides, growing awareness among the population towards improving their aesthetic features and characteristics is further expected to increase the demand for surgical sealants & adhesives market.
Major companies operating in the global surgical sealants & adhesives market are:
- Baxter International, Inc.
- Johnson & Johnson
- Becton, Dickinson, and Company
- CryoLife, Inc.
- Cardinal Health, Inc.
- B. Braun Melsungen AG
- Integra Lifesciences Holdings Corporation
- Medline Industries, Inc.
- Adhezion Biomedical, LLC
- Tricol Biomedical, Inc.
Various companies operating in the market are following strategies such as mergers & acquisitions, product launches, partnerships & collaborations, among others in order to stay competitive and have an edge over other players operating in the market. For instance, in December 2021, Becton, Dickinson, and Company acquired Tissuemed Limited, a developer of self-adhesive surgical sealant films. Through the acquisition, Becton, Dickinson, and Company have acquired assets and technology of Tissuemed Limited, such as a product name “Tissue patch,” which binds tissues to prevent leaks from surgical incisions and can be used to control internal bleeding and others.
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“Globally, rising cases of diseases and natural and man-made casualties can lead to the need for wearable skin adhesives which is an aspect expected to rise worldwide for proper treatment. In addition, the prevalence of medical adhesives, an advantage over substitutes regarding price and comfortability, demand for advanced medical treatment, and government plans and others are the major factors responsible for illness in people. The increasing number of diseases in the population is propelling the market for medical treatment, directly impacting the market growth and creating favorable conditions to drive the global surgical sealants & adhesives market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Surgical Sealants & Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Natural/Biological v/s Synthetic/Semi-Synthetic), By Natural/Biological (Fibrin Sealants, Collagen Based Adhesives, Gelatin Based Adhesives), By Synthetic/Semi-Synthetic (Cyanoacrylates, Polymeric Hydrogels, Urethane Based Adhesives), By Indication (Tissue Sealing, Surgical Hemostasis, Tissue Engineering), By Application (Cardiovascular Surgery, General Surgery, CNS Surgery, Orthopedic Surgery, Cosmetic Surgery, Others), By Region and Competition, has evaluated the future growth potential of global surgical sealants & adhesives market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global surgical sealants & adhesives market.”
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