Surgical Sealants and Adhesives Market Scope
Surgical sealants are used in the surgical incision to prevent fluid leakage during invasive procedures. They are most commonly used in vascular reconstruction to attain mechanical hemostasis. Along with this, surgical sealants are also used for aortic root replacements, suture line replacements, anastomoses and prevention of arterial & venous bleeding. Most of the commercial surgical sealants are flexible, biocompatible and biodegradable. Surgical sealants can be synthetic or natural or a mix of both. Natural surgical sealants mostly include polypeptide/proteins & polysaccharides. Synthetic sealants include polyurethane, polyethylene glycol & polymer adhesives respectively.
The market study is being classified by Type (Natural/Biological Surgical Sealants & Adhesives and Synthetic & Semisynthetic Sealants and Adhesives), by Application (Central Nervous System Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, Cosmetic Surgeries, Ophthalmic Surgeries, Urological Surgeries, Pulmonary Surgeries and Others) and major geographies with country level break-up. According to AMA, the Global Surgical Sealants and Adhesives market is expected to see growth rate of 9.51% and may see market size of USD3.88 Billion by 2024.
The Players having a strong hold in the market are Baxter International, Johnson & Johnson, Ethicon, CryoLife, and C. R. Bard. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Surgical Sealants and Adhesives market throughout the predicted period.
Baxter International, Inc. (United States), Johnson & Johnson (United States), Ethicon Inc. (United States), CryoLife, Inc. (United States), C. R. Bard, Inc. (United States), Medtronic plc (United States), Sanofi Group (France), B. Braun Melsungen AG (Germany), Cohera Medical, Inc. (United States) and Ocular Therapuetix, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Vivostat A/S (Denmark) and Sealantis, Ltd. (Israel).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Surgical Sealants and Adhesives market by Type, Application and Region.
On the basis of geography, the market of Surgical Sealants and Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Natural/Biological Surgical Sealants & Adhesives, the sub-segment i.e. Polypeptide/Protein-based Sealants & Adhesives will boost the Surgical Sealants and Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. Tissue Sealing & Hemostasis will boost the Surgical Sealants and Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Synthetic & Semisynthetic Sealants and Adhesives, the sub-segment i.e. Cyanoacrylates will boost the Surgical Sealants and Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Surgical Sealants and Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On February 13, 2019, Johnson & Johnson and Ethicon Inc have entered into a definitive agreement to acquire Auris Health, Inc. for approximately 3.4 billion USD in cash. Additional contingent payments of up to 2.35 billion USD, in the aggregate, may be payable upon reaching certain predetermined milestones. This acquisition will accelerate Johnson & Johnson’s entry into robotics with potential for growth and expansion into other interventional applications.
On August 15, 2019, Baxter International Inc. and COSMED has signed an agreement to commercialize Q-NRG+, a metabolic monitoring device utilizing indirect calorimetry technology. The agreement provides that Baxter will bring Q-NRG+ to 18 key countries around the world with potential for further expansion.
Market Trend
- Increasing Adoption of Technologically Advanced Surgical Sealants and Adhesives
- Robust Research and Development Investments in Surgical Sealants and Adhesives Development
Market Drivers
- Increasing Need to Minimize the Blood Loss across the Global Patients
- Favorable FDA guidelines in Driving the Growth of Surgical Sealants and Adhesives
Opportunities
- Improving Healthcare Infrastructure from the Developing Economies
- Upsurging Instances of Surgical Procedures across The Globe
Restraints
- Lack of Reimbursements in Developing Surgical Sealants and Adhesives
- Robust Clinical Trials and Pre Launching Complexities in Developing Surgical Sealants and Adhesives
Challenges
- The dearth of Skilled Sealant and Adhesive Manufacturers and Developers
- minimal Manufacturing Tolerance since it is a Surgical Apparatus
Key Target Audience
Surgical Sealants and Adhesives Manufacturers, Surgical Sealants and Adhesives Distributors & Suppliers, Medical Device Manufacturers, Pharmaceutical Industry Associations, Life Science Upstream and Downstream Buyers, Hospitals and Clinics, Research and Development Institutes, Government Institutes, Venture Capitalists and Investors and Others
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