Myriad factors determine the nature of the market for surgical sealants and adhesives. One of these is the increasing number of surgical procedures globally. The impact of technology on the market is also very significant. This has led to the development of medical adhesives and sealants with better properties, such as faster curing, better biocompatibility, and higher strength through continuous innovation in this field. For instance, regulatory frameworks and approvals have been pivotal in shaping the market for surgical sealants and adhesives since most medical products are sensitive. Market players, therefore, appreciate compliance with regulatory provisions to ensure their products meet safety requirements as stipulated by such guidelines. Complying with regulations ensures that healthcare professionals trust them while at the same time enabling them to access new markets.
Additionally, the macroeconomic environment and patterns of health expenditure have large impacts on the dynamics of shellacs used in surgery. Because they want to make it excellent, nations increase their financing on the health sector, which leads to increased costs incurred therein, fundamentally resulting in escalated levels of spending. Financial capacity determines the extent of using modern medical technologies, including shellacs used in surgery, among other things like suturing needles. The competitive landscape is another factor that shapes this market significantly, as there are many players from various niches, starting from pharmaceutical majors up to small manufacturers who create the conditions for innovations and the product development process itself. Intense competition is prompted by companies that try differentiating their offers with unusual features, original prices, or peculiar positioning in the marketplace, which customers usually take into account when selecting a particular brand or type they need during operation performance.
Moreover, awareness within the healthcare profession community, besides patients, contributes significantly towards shaping dynamics prevailing within the marketplace under consideration at present times today or even tomorrow. This means that if people become more aware of the advantages associated with use hereof rather than traditional ways like stapling threads, then the number of users will definitely rise dramatically. Dissemination activities conducted by manufacturers themselves, as well as healthcare providers, help inform doctors and patients about opportunities, applications, or correct ways of application, respectively. The market for surgical sealants and adhesives can also be affected by global health issues like the COVID-19 pandemic. This has been illustrated through increased health supply chain robustness and preparedness, which have emphasized medical products and equipment recently. When a crisis strikes, the need for efficient solutions for closing wounds becomes more critical, hence the dynamics of the market during such periods.
Report Attribute/Metric | Details |
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Growth Rate | 10.4% : 2023-2032 Base Year 2021 Forecast Period 2023-2032 Historical Data 2020 Forecast Units Value (USD Billion Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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
Global Surgical Sealants and Adhesives Market, by Product:
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Global Surgical Sealants and Adhesives Market, by Key Players:
Recent Development
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