The dynamics of the market for surgical sealants and adhesives revolve around increased demand for advanced medical solutions coupled with changing surgical landscape. One major driver is the rising number of surgeries across different medical specialties, such as chronic diseases globally, along with the aging population leading to the rise in number of surgeries done annually worldwide. The growth has also been attributed to technological advancements within medicine resulting from the shift towards minimally invasive procedures whereby surgeons use adhesives rather than traditional sutures or staples because they help reduce scarring while improving cosmesis. These factors have led to changes in surgical practice patterns toward greater use of adhesive/ sealant products.
Moreover, regulatory bodies have been instrumental in shaping the market dynamics. Strict regulations regarding the approval and commercialization of medical devices, including surgical sealants and adhesives, guarantee product safety and effectiveness. These products are subjected to rigorous testing quality standards that manufacturers must adhere to, thus making them highly reliable. Furthermore, there is also a focus on research and development (R&D) in this market. Expenditure on R&D by companies seeking a competitive advantage results in innovative formulations as well as delivery systems. This ongoing innovation not only improves existing products but also introduces new solutions that meet the needs of an evolving healthcare industry.
In addition, price competitiveness and cost-containment efforts within global healthcare systems constitute some other factors influencing these market dynamics. Hospitals and healthcare providers seek cost-effective solutions without compromising quality, consequently forcing manufacturers into devising pricing models as well as supply chain efficiencies. Moreover, geographical distribution defines this market's dynamics. Varied healthcare infrastructure, together with economic conditions alongside disease prevalence, contribute to regional imbalances when it comes to demand for surgical sealants and adhesives. In particular, emerging economies have higher adoption rates since they are increasing their healthcare infrastructures while chronic diseases grow among populations.
Report Attribute/Metric | Details |
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Segment Outlook | By Product, Indication, Application Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors R. Bard, Inc. (US), Johnson & Johnson (UK), Baxter International, Inc. (US), Medtronic plc (US), B. Braun Melsungen AG (Germany), Cohera Medical, Inc. (US), Sanofi Group (France), Sealantis, Ltd (Israel), Vivostat A/S (Denmark), and Ocular Therapuetix, Inc. (US) Key Market Opportunities Increasing surgical procedures, development of healthcare infrastructure and investments by industry players Key Market Drivers· Growing prevalence and incidence of various disorders· Growth in the number of accidents· Growth in the number of surgeries |
Segmentation
The global surgical sealants and adhesives market has been segmented into product, indication, application, and end user.
Based on product, has been segmented into natural/biological sealants and adhesives and synthetic and semisynthetic sealants and adhesives. The natural/biological sealants and adhesives and synthetic segment is accounted for the largest share segment of the market in 2017.
The market, by indication, has been segmented into surgical hemostasis, tissue sealing, and tissue engineering.
The market, by application, has been segmented into general surgeries, cardiovascular surgeries, central nervous system surgeries, orthopedic surgeries, urological surgeries, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The surgical sealants and adhesives market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European surgical sealants and adhesives market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The surgical sealants and adhesives market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key players
R. Bard, Inc. (US), Johnson & Johnson (UK), Baxter International, Inc. (US), Medtronic plc (US), B. Braun Melsungen AG (Germany), Cohera Medical, Inc. (US), Sanofi Group (France), Sealantis, Ltd (Israel), Vivostat A/S (Denmark), and Ocular Therapuetix, Inc. (US) are some of the key players in the global surgical sealants and adhesives market.
Regional Market Summary
Global Surgical Sealants and Adhesives Market Share (%), by Region, 2017
Source: Centers for Disease Control and Prevention (CDC) and Annual Reports
Geographically, the Americas is anticipated to dominate the global surgical sealants and adhesives market owing to a well-developed healthcare sector, increasing surgeries, technological advancement, and rising geriatric population.
Europe is expected to hold the second largest position in the global surgical sealants and adhesives market. The market growth in this region is attributed to the increasing surgical procedures and developed healthcare infrastructure.
The surgical sealants and adhesives market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the huge patient population of chronic diseases in the countries such as India and China.
The Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to a well-developed healthcare sector and growing government initiatives for the healthcare sector.Recent Development
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Recent Development
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