Surgical Sealants and Adhesives Market accounted for US$ 1.97 billion in 2020 and is estimated to be US$ 4.37 billion by 2030 and is anticipated to register a CAGR of 8.3%. Surgical sealants and adhesives are often used as adjuncts to sutures to stop air and liquid leakages. They will also potentially replace sutures and staples for better closure, minimized blood loss, faster implementation, and straightforward and fewer painful operation without the necessity for removal. Surgical sealants and adhesives are materials used to strengthened surgical wounds, repair injured tissues, binding the tissues together internally and externally after surgery or injury and it can also replace general stitching practices of the surgeon. Adhesives and surgical sealants and are chosen over traditional methods for closure of wound like suture and staples because of their various benefits such as usability, efficacy, and safety in various different situations in various tissues. It can be used in combination with staples and sutures, in sealing leaks of gas or fluids for strengthening and successfully treat emergency hemostasis. Surgical sealants and adhesives products helps excludes the need of sutures by forming a barrier to stop the fluid of blood oozing after surgery or forms chemical bond and it also helps to heal wound or an injury.
The report “Global Surgical Sealants and Adhesives Market, By Product (Polypeptide/Protein-based Sealants and Adhesives, Polysaccharide-based Sealants and Adhesives, and Synthetic & Semisynthetic Sealants and Adhesives), By Indication (Tissue Sealing & Hemostasis and Tissue Engineering), By Application (Central Nervous System (CNS) Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· On 18 February 2020, a leading global medical products company Baxter International Inc., has declared acquisition of Seprafilm Adhesion Barrier, sealants, and related assets from Sanofi.
· In 2019, AMS acquired Sealantis, an Israeli-based medical device company with a patent-protected alga-mimetic sealant technology platform that has a wide range of potential surgical indications under development which will help AMS strengthen its presence with a technology platform and delivery systems that have significant potential across a range of applications in the high-margin internal surgery market.
Analyst View:
Growth during this market is driven by the growing prevalence and incidence rates of varied disorders like obesity and CVDs; increasing incidence of trauma; growth within the number of accidents and sports-related injuries, which has led to a rise in surgical procedures being performed across the world . Also, the necessity to manage blood loss in patients and R&D being undertaken to bring innovative products to the market is aiding the market growth. Better cosmetic outcomes also are increasing the adoption of surgical sealants and adhesives in cosmetic procedures across the world. Moreover, surgical staples and sutures cause hatch marks, whereas surgical sealants and adhesives don’t cause any marks which result in the best cosmetic outcome. The rising rate of facilitating widespread R&D activities targeting surgical sealants and adhesives surgeries is expected the long-term growth of the target market.
Key Market Insights from the report:
The Global Surgical Sealants and Adhesives Market accounted for US$ 1.97 billion in 2020 and is estimated to be US$ 4.37 billion by 2030 and is anticipated to register a CAGR of 8.3%. The Global Surgical Sealants and Adhesives Market report segments the market on the basis of product type, application, and region.
· Based on product type, the Global Surgical Sealants and Adhesives Market is segmented into Polypeptide/Protein-based Sealants and Adhesives, Polysaccharide-based Sealants and Adhesives, and Synthetic & Semisynthetic Sealants and Adhesives.
· By indication, the target market is segmented into Tissue Sealing & Hemostasis and Tissue Engineering.
· By application, the target market is segmented into Central Nervous System (CNS) Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, and Others.
· By region, the Global Surgical Sealants and Adhesives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the Global Surgical Sealants and Adhesives Market in terms of revenue contribution as related to that of markets in other regions.
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Competitive Landscape:
The key players operating the global surgical sealants and adhesives market includes Sanofi Group, Baxter International Inc., C.R. Bard, Johnson & Johnson, Medtronic plc., B. Braun Melsungen AG, MAQUET Holding B.V. & Co. KG., Cryolife, Inc., Stryker Corporation, and Hemostasis, LLC.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
