Surgical sealants and adhesives are materials used to repair injured tissues and prevent air and fluid leakages during or after surgeries. These are used for minimizing blood losses, replacing staples and sutures for better closure, and strengthening wound areas without limiting tissue movement.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the surgical sealants and adhesives market in 2023. Western Europe was the second largest region in the global surgical sealants and adhesives market report share. The regions covered in the surgical sealants and adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the surgical sealants and adhesives market report are Baxter International Inc, Johnson & Johnson, B.Braun Melsungen AG, CSL Ltd., Becton Dickinson & Company, Cryolife Inc., Integra LifeSciences, Vivostat A/S, Occular Therapeutix Inc., Advanced Medical Solutions Group plc, Takeda Pharmaceutical Company, Centenial Surgical Suture Ltd, Cure Spects Lasers Ltd, Maestros Mediline Systems Ltd, Opto Circuits Ltd, Poly Medicure Ltd, Raaj Medisafe India Ltd, Siemens Healthcare Diagnostics Ltd, Ge Healthcare, Shenzhen Mindray Bio-Medical Electronics Co.Ltd., Shinva Medical Instrument Co. Ltd., Global Medical Group Limited, Dermastar Limited, R.C.H Dentservlimited, Sleep Straight Limited, Plus 8 Medical Group, Maxmed Health Care LTD, Highlight Surgicals, Medcaptain Europe, Easy Medical Devices, Cd Leycom, Smeets Loopcomfort B.V., Td Medical B.V., Ophtec B.V., Rovers Medical Devices B.V., Cohera Medical Inc., Tricol Biomedical, Medtronic, Philips, Stryker, Acelity, Seprafilm, GluStitch, Cardinal Health, Sanofi, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Abbott Laboratories, Roche, Draegerwerk AG, ResMed Inc., Covidien plc, Smiths Medical.
The surgical sealants and adhesives market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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