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Market Analysis
The worldwide surgical sealants and adhesives market is
predicted to touch USD 2.12 billion at a 9.3% CAGR over the forecast period
(2018-2023), states the latest Market Research Future (MRFR) report. Surgical
sealants and adhesives are useful accompaniments in the modern surgical
procedure. It is extensively used owing to its alluring features, namely
usability in repairing injured tissues, support wounds obtained at the time of
the surgery, and their efficacy and safety. Surgical sealants and adhesives can
be used along with staples and sutures for strengthening, treating emergency
hemostasis, and sealing leaks of gas or fluids.
Various factors are propelling the surgical
sealants and adhesives market trends. Some of these factors, according to
the Market Research Future report, include growing incidence and prevalence of
various disorders such as CVDs and obesity, increasing number of accidents, a
growing number of surgeries, rising incidences of trauma, and growing need for
managing blood loss in patients. Additional factors pushing market growth
include rising geriatric population, higher uptake of products that are
technologically advanced, rising adoption of surgical sealants and adhesives,
the prevalence of invasive surgeries, and inclination for simpler, safer, and
quicker and minimally invasive surgeries.
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Key Players
Leading players profiled in the surgical sealants and
adhesives market report include Ocular Therapuetix, Inc. (US), Vivostat A/S
(Denmark), Sealantis, Ltd (Israel), Sanofi Group (France), Cohera Medical, Inc.
(US), B. Braun Melsungen AG (Germany), Medtronic plc (US), Baxter
International, Inc. (US), Johnson & Johnson (UK), and C. R. Bard, Inc.
(US). Key players are incorporating numerous strategies such as partnerships,
mergers and acquisitions, expansions, product launches and innovations,
collaboration, and research and development to create a foothold in the
market.
Market Segmentation
The MRFR report offers a wide segmental analysis of the
surgical sealants and adhesives market on the basis of indication, product, and
application.
By product, the surgical sealants and adhesives market is
segmented into synthetic and semi-synthetic sealants and adhesives and natural/biological
sealants and adhesives. The natural/biological sealants and adhesives segment
are again segmented into polysaccharide-based sealants and adhesives and
polypeptide/protein-based sealants and adhesives. The synthetic and
semi-synthetic sealants and adhesives is again segmented into urethane-based,
polyethylene glycol hydrogels, cyanoacrylates, and others.
By indication, the surgical sealants and
adhesives market is segmented into tissue engineering, tissue sealing, and
surgical hemostasis. Of these, the tissue sealing segment will have the largest
share in the market over the forecast period. This is owing to the rising
number of surgeries that is being performed annually, an increasing number of
people suffering from sports-related injuries and back pain and increasing
prevalence of lifestyle diseases.
By application, the surgical sealants and
adhesives market is segmented into urological surgeries, orthopedic
surgeries, central nervous system surgeries, cardiovascular surgeries, general
surgeries, and others.
Regional Analysis
By region, the surgical sealants and adhesives market report
covers the latest trends and growth opportunities across the Americas, Europe,
the Asia Pacific (APAC), and the Middle East and Africa (MEA).
Of these, the Americas will spearhead the market over the
forecast period. This is on account of the increasing number of surgeries,
increasing number of accidents, growing prevalence as well as the incidence of
different disorders, and the presence of a well-established healthcare
sector.
The worldwide surgical sealants and adhesives market in
Europe is predicted to have the second-largest share in the market over the
forecast period. This is due to the rising adoption of new technologies and the
growing prevalence of chronic diseases.
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