The Surgical Sealants And Adhesives by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Surgical Sealants And Adhesives, The surgical sealants and adhesives market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to surgical sealants and adhesives market resulted from rising prevalence of chronic diseases, increasing concerns to reduce surgical wounds, rising demand for minimally invasive techniques, increased healthcare expenditure, and rise in prevalence of cardiovascular disorders.
The surgical sealants and adhesives market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increase in geriatric population, growing prevalence of accidents, growing cosmetic surgeries, and launch of advanced surgical sealants. Major trends in the forecast period include focus on developing bio-based sealants to increase the usage of renewable raw material, consider investing in strategic acquisitions to increase market shares and expand their product portfolio offerings, invest in innovative products to provide better and enhanced products to consumers, and invest in nano-enabled adhesives and sealants in surgical procedures, as they have unique and superior properties such as high surface area and nanoscale size.
The rising number of surgical procedures is predicted to contribute to the growth of the surgical sealants and adhesives market. In recent years, the continuous surge in surgical procedures is registered attributing to the growing prevalence of obesity and other lifestyle diseases, increasing incidence of spinal and sports-related injuries, and rising geriatric population. The old-age population is more prone to chronic, heart, and other diseases, thereby undergoing surgical procedures. According to the World Health Organization, the number of people over the age of 65 is projected to increase from 1 billion in 2020 to 2.1 billion by 2050, globally.
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The surgical sealants and adhesives market covered in this report is segmented –
1) By Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants
2) By Indication: Tissue Sealing, Tissue Engineering, Hemostasis
3) By End Use: Hospital, Clinics, Others End Uses
Top Major Players
Baxter International Inc
Johnson & Johnson
B.Braun Melsungen AG
CSL Ltd.
Becton Dickinson & Company
Several companies operating in the market are focusing on product portfolio expansion into untapped geographies. For instance, in January 2022, Futura Surgicare Pvt. Ltd., an India-based medical device company, collaborated with Advanced Medical Solutions Group PLC UK-based developer and manufacturer of advanced wound care dressing technologies, to expand its wound closure offering. As part of this collaboration, the company has unveiled its strategy to introduce a liquid range of products exclusively in India through its new division, Dolphin Adhesives. This novel vertical offers topical skin adhesives such as Exceed, Exceed XS, and Optima. These adhesive solutions are designed to provide innovative wound closure methods and reduce the risk of adverse surgical outcomes.
The surgical sealants and adhesives market report table of contents includes:
1. Executive Summary
2. Surgical Sealants And Adhesives Market Characteristics
3. Surgical Sealants And Adhesives Market Trends And Strategies
4. Surgical Sealants And Adhesives Market – Macro Economic Scenario
5. Global Surgical Sealants And Adhesives Market Size and Growth
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32. Global Surgical Sealants And Adhesives Market Competitive Benchmarking
33. Global Surgical Sealants And Adhesives Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Surgical Sealants And Adhesives Market
35. Surgical Sealants And Adhesives Market Future Outlook and Potential Analysis
36. Appendix
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