PUBLISHER: The Business Research Company | PRODUCT CODE: 1429659
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429659
Surgical sealants and adhesives are substances employed to repair damaged tissues and prevent the leakage of air and fluids during or after surgical procedures. These materials play a crucial role in minimizing blood loss, serving as alternatives to staples and sutures for enhanced closure, and reinforcing wound areas while allowing for optimal tissue movement.
The market for surgical sealants and adhesives, as addressed in this report, is categorized into three main product segments biological sealants, synthetic sealants, and semi-synthetic sealants. Biological sealants are composed of biological materials utilized for tissue repair and the prevention of air and fluid leakage during or after surgeries. These sealants find applications in various indications such as tissue sealing, tissue engineering, and hemostasis. The end-users of these products include hospitals, clinics, and other healthcare facilities.
The surgical sealants and adhesives market research report is one of a series of new reports from The Business Research Company that provides surgical sealants and adhesives market statistics, including surgical sealants and adhesives industry global market size, regional shares, competitors with a surgical sealants and adhesives market share, detailed surgical sealants and adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the surgical sealants and adhesives industry. This surgical sealants and adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The surgical sealants and adhesives market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The historical period witnessed growth in the surgical sealants and adhesives market, driven by factors such as the escalating prevalence of chronic diseases, growing emphasis on minimizing surgical wounds, increasing demand for minimally invasive techniques, a surge in healthcare expenditure, and an uptick in the prevalence of cardiovascular disorders.
The surgical sealants and adhesives market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period for the surgical sealants and adhesives market can be attributed to factors such as the increasing geriatric population, a rise in the prevalence of accidents, a growing number of cosmetic surgeries, and the introduction of advanced surgical sealants. Noteworthy trends expected during this period include a focus on the development of bio-based sealants to promote the utilization of renewable raw materials, strategic investments in acquisitions to bolster market shares and broaden product portfolios, investments in innovative products to offer improved solutions to consumers, and investments in nano-enabled adhesives and sealants for surgical procedures, leveraging their unique and superior properties such as high surface area and nanoscale size.
The growth of the surgical sealants and adhesives market is expected to be influenced by the increasing number of surgical procedures. Recent years have seen a consistent rise in surgical interventions, attributed to factors such as the growing prevalence of obesity and lifestyle diseases, a higher incidence of spinal and sports-related injuries, and an expanding geriatric population. The elderly population, being more susceptible to chronic and heart diseases, is undergoing an increasing number of surgical procedures. According to the World Health Organization, the global population over the age of 65 is projected to increase from 1 billion in 2020 to 2.1 billion by 2050.
The surge in the popularity of cosmetic surgeries is a key driver for the growth of the surgical sealants and adhesives market. Cosmetic surgeries involve medical procedures aimed at enhancing an individual's appearance by altering or reshaping specific features of the body. Surgical sealants and adhesives play a vital role in these procedures, ensuring precise tissue bonding and minimizing post-operative scarring. For example, in 2023, the International Society of Aesthetic Plastic Surgery reported an 11.2% overall increase in the number of procedures performed by plastic surgeons in 2022, with over 14.9 million surgical procedures conducted worldwide. The increasing trend in cosmetic surgeries is expected to propel the demand for surgical sealants and adhesives.
Several companies within the market are concentrating on expanding their product portfolios into previously untapped geographic regions. For instance, in January 2022, Futura Surgicare Pvt. Ltd., an Indian medical device company, entered into a collaboration with Advanced Medical Solutions Group PLC, a UK-based developer and manufacturer of advanced wound care dressing technologies. This collaboration aimed to broaden Futura Surgicare's wound closure offerings, with a particular focus on the Indian market. Through its new division, Dolphin Adhesives, the company introduced a range of liquid products, including topical skin adhesives such as Exceed, Exceed XS, and Optima. These innovative adhesive solutions are crafted to offer advanced wound closure methods and reduce the risk of adverse surgical outcomes.
Major players in the surgical sealants and adhesives market are directing their efforts towards the development of innovative products, such as absorbable adhesives, to gain a competitive advantage. Absorbable adhesives are crucial components in surgical sealants and adhesives as they gradually dissolve within the body, promoting effective tissue closure and healing. For example, in February 2021, Gunze Limited, a Japanese provider of bioabsorbable products and materials, launched TENALEAF, Japan's inaugural sheet-type absorbable adhesion barrier. Tailored for medical professionals, this product is designed to prevent adhesions in surgical procedures. Adhesion barriers are employed in various surgical procedures to prevent the formation of scar tissue and adhesions, which can lead to complications and post-operative pain.
In December 2021, Becton, Dickinson and Company, a US-based medical technology company, acquired Tissuemed, Ltd., for an undisclosed amount. This strategic acquisition enhances BD's core portfolio and strengthens its position in the surgical sealants market. Tissuemed is a surgical sealants manufacturer based in England.
Major companies operating in the surgical sealants and adhesives market report are Baxter International Inc., Johnson & Johnson, B.Braun Melsungen AG, CSL Ltd., Becton Dickinson & Company, Cryolife Inc., Integra LifeSciences, Vivostat A/S, Occular Therapeutix Inc., Advanced Medical Solutions Group PLC, Takeda Pharmaceutical Company, Centenial Surgical Suture Ltd., Cure Spects Lasers Ltd., Maestros Mediline Systems Ltd., Opto Circuits Ltd., Poly Medicure Ltd., Raaj Medisafe India Ltd., Siemens Healthcare Diagnostics Ltd., Ge Healthcare, Shenzhen Mindray Bio-Medical Electronics Co.Ltd., Shinva Medical Instrument Co. Ltd., Global Medical Group Limited, Dermastar Limited, R.C.H Dentservlimited, Sleep Straight Limited, Plus 8 Medical Group, Maxmed Health Care Ltd., Highlight Surgicals, Medcaptain Europe, Easy Medical Devices, Cd Leycom, Smeets Loopcomfort B.V., Td Medical B.V., Ophtec B.V., Rovers Medical Devices B.V., Cohera Medical Inc., Tricol Biomedical, Medtronic, Philips, Stryker, Acelity, Seprafilm, GluStitch, Cardinal Health, Sanofi, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Abbott Laboratories, Roche, Draegerwerk AG, ResMed Inc., Covidien PLC, Smiths Medical.
North America was the largest region in the surgical sealants and adhesives market in 2023. Western Europe was the second largest region in the global surgical sealants and adhesives market report share. The regions covered in the surgical sealants and adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the surgical sealants and adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
The patient handling equipment market consists of sales of fibrin sealants, collagen-based adhesives, gelatin-based adhesives, cyanoacrylates, polymeric hydrogels, and urethane-based adhesives. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Surgical Sealants And Adhesives Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on surgical sealants and adhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for surgical sealants and adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surgical sealants and adhesives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.