The surgical sealants and adhesives market has been driven by technological advances, increasing numbers of surgical procedures, and a growing focus on effective wound closure. Over the years, chronic diseases have increasingly become prevalent, necessitating more surgical procedures. This includes sicknesses like cardiovascular problems, orthopedic problems, and different kinds of cancers that may require surgery to be treated. Technological advances have also influenced the market trends for surgical seals and adhesives. The reason behind this is that there are new generations of biomaterials, such as synthetic polymers and biodegradable compounds, that are more efficient and versatile. As a result, these enhancements improve not only the adhesive properties of the sealants but also reduce tissue damage, thus improving patient outcomes.
Additionally, due to the rising demand for minimally invasive surgeries, there is an increasing demand for surgical sealants and adhesives. With minimally invasive techniques continuing to be integrated in various medical disciplines, the need has arisen for sealants as well as adhesives, which can be used with precision and efficiency. Moreover, there is a shift towards the development of bio-based/biocompatible sealants and adhesives in this market industry. Manufacturers' increasing awareness about environmental sustainability and focus on patient safety has led them to seek eco-friendly options. Not only do they address these concerns, but they are compatible with human bodies, thereby minimizing adverse reactions.
Furthermore, strategic alliances, partnerships, and mergers dominate the competitive landscape of the surgical sealants & adhesive market. Major players in this field constantly engage in such ventures today to increase product portfolios and improve research/development capabilities while maximizing their global reach. By doing so, parties involved can leverage each other's strengths, thereby taking advantage of forthcoming opportunities arising from the changing healthcare environment. On the regulations front, stringent standards, together with approvals, control the introduction of new products into this marketplace; thus, manufacturers must adhere to those rules intended to ensure the safety/efficacy of their seals in the market. Consequently, continuous focus on research and development is observed in the sector for regulatory compliance to meet the highest quality standards.
Report Attribute/Metric | Details |
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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 Application:
Global Surgical Sealants and Adhesives Market, by Region:
Global Surgical Sealants and Adhesives Market, by Key Players:
Recent Development
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