PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555738
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555738
Surgical Glue Market size was valued at USD 2,402.32 Million in 2023, expanding at a CAGR of 7.20% from 2024 to 2032.
Surgical glue, also known as tissue adhesive, is a medical adhesive used to close wounds or surgical incisions. It serves as an alternative to traditional sutures or staples. The glue is typically applied directly to the wound or incision, where it forms a strong bond to hold the tissue together.
Surgical Glue Market- Market Dynamics
Rising demand from surgical procedures and high cost-effectiveness are expected to propel market demand
An increase in the number of surgeries globally, driven by factors such as an aging population, the prevalence of chronic diseases, and advancements in surgical techniques, boosts the demand for surgical adhesives. These factors then contribute to surgical glue market growth. Surgical glue can offer benefits such as reduced risk of infection, faster application, and less scarring compared to traditional methods. These advantages lead to increased adoption among surgeons and patients. The growing preference for minimally invasive and laparoscopic surgeries, which often require quick and effective wound closure, supports the demand for surgical glue as an alternative to traditional sutures and staples.
Surgical glue is more cost-effective than traditional methods, considering factors like reduced time in the operating room and potentially fewer complications. Continuous research and development efforts by companies to create new and improved surgical adhesives contribute to market growth. Innovations aimed at enhancing the properties of surgical glue, such as antimicrobial or bioresorbable features, drive interest and adoption. Increased awareness among healthcare professionals about the benefits of surgical glue and growing clinical evidence supporting its use help drive adoption.
Surgical Glue Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.20% over the forecast period (2024-2032)
Based on Product Type segmentation, the synthetic segment was predicted to show maximum market share in the year 2023, owing to its better quality & durability.
Based on Application segmentation, the cardiovascular surgery segment was the leading Application in 2023, due to the prevalence of cardiovascular disorders.
Based on End-user segmentation, the hospital segment was the leading End User segment in 2023, owing to facilities available with effective treatment.
On the basis of region, North America was the leading revenue generator in 2023, due to the prevalence of cancer, leukemia, and other cardiovascular diseases.
The Global Surgical Glue Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into three categories based on Product Type: natural, synthetic, and semi-synthetic. The synthetic segment dominates the market. Synthetic surgical glues have no side effects thus growing in demand.
The market is divided into seven categories based on Application: cardiovascular surgery, orthopedic surgery, general surgery, cosmetic surgery, pulmonary surgery, central nervous system surgery, and others. The cardiovascular surgery segment dominates the market. The growing prevalence of chronic diseases and injuries is mainly boosting segment growth.
The market is divided into three categories based on End User: hospitals, ambulatory surgical centers, and others. The hospital segment dominates the market and is expected to maintain its high dominance during the forecast period. For treatment of big injuries and surgeries people prefer hospital facilities.
Surgical Glue Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominates the market due to advanced healthcare infrastructure, high surgical procedure volumes, and significant R&D investments. The U.S. and Canada lead in adoption of innovative surgical adhesives. Latin America experiences moderate growth with increasing healthcare investments and awareness. Countries like Brazil and Mexico are key contributors to market expansion. Asia Pacific shows rapid growth due to rising healthcare needs, a large population base, and increasing surgical procedures.
The Surgical Glue market is formulated by intense competition among key players who are continually innovating and developing their product offerings. Market players are investing in research to develop new formulations of surgical glue with improved properties, such as enhanced biocompatibility, faster bonding times, and reduced risk of adverse reactions. Several companies are focusing on expanding their presence in emerging markets like Asia-Pacific and Latin America, where increasing healthcare spending and surgical procedures create growth opportunities.
In May 2022, Advanced Medical Solutions Group plc received U.S. FDA approval for LiquiBand XL, a new device which can close longer wounds.
In January 2022, Futura Surgicare Pvt Ltd, developed devices on wound closure operating with brands like Dolphin Mesh, Dolphin Sutures, and Dolphin Tapes to expand their product line.