The global
surgical
sealants and adhesive market is significantly growing, due to technological
advancements, extensive research and development activities, and up surging academic
and government research for medical devices. The massive unexplored
market in the surgical sealants and adhesives industry of the developing
economies is creating abundant growth opportunities for the surgical
sealants and adhesives market.
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addition, the advanced research and development facilities and innovative
product developments by the companies are propelling the growth of the surgical
sealants and adhesives market. The surgical adhesive and sealants are
alternative for traditional closure techniques, such as sutures, wires and
staples. The conventional closure techniques may lead to further tissue trauma,
risk of infection and is difficult to use at some surgical locations. Surgical
sealant are likely to replace sutures and staples, as they have better closure abilities,
faster implementation and facilitate less painful operation.
On the
basis of product, the global surgical sealants and adhesives market can be categorized
as natural or
biological sealants and adhesive, and synthetic and semi synthetic adhesive and
sealants, where natural or biological sealants and adhesives segment leads the global
market in terms of market size. Natural or biological sealants and adhesives are
further segmented on the basis of type, as fibrin sealants, collagen based
adhesives and gelatin based adhesives, where fibrin sealant leads the global segmented market in terms of market
size.
On the basis of
application, the surgical sealants and adhesives market can be segmented as central nervous system,
cardiovascular surgery, cosmetic surgery, urological surgery, general surgery,
ophthalmic surgery, pulmonary surgery, orthopedic surgery and others. Central
nervous system leads the market in terms of marker size, as it is mainly used
in spine and nerve surgeries.
Some of the factors driving the growth of the global surgical
sealants and adhesives market are increasing
number of surgical procedures, growing aging population, up surging prevalence
of chronic diseases, increasing healthcare expenditure and increasing
requirement to manage blood loss in patients during the surgeries. In addition,
the development of technologically advanced products and increasing government
support subsequent to adoption of surgical adhesion are expected to drive the
growth of the global surgical sealants and adhesives market in the projected
period. However, high cost, lack of reimbursement, alternative methods and high
technicality associated with surgical adhesives, are some of the factors restraining the growth of the global surgical sealants and adhesives market.
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Geographically,
North America is likely to dominate the global surgical sealants and adhesives
market in the coming years, due to upsurge in geriatric population, increasing
FDA approvals, growing number of surgical procedures, and widening application
of sealants and adhesives. Asia-Pacific is the fastest growing region in the
global surgical
sealants and adhesives market, due to increasing healthcare expenditure,
presence of huge pool of patients, intensifying government support and up surging
prevalence of chronic diseases in the region. Moreover, the surgical
sealants and adhesives market is growing due to increasing awareness among
the population and refining healthcare infrastructure in the emerging countries,
such as India and China.
Some of the companies operating in the global surgical
sealants and adhesives market are Baxter International Inc., Sanofi Group, B. Braun Melsungen
AG, Ocular Therapeutix Inc., Cryolife Inc., Medtronic PLC, Johnson &
Johnson, C.R. Bard Inc., Cohera Medical Inc. and Vivostat A/S.
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I Like to add one more important thing here, The Surgical Sealants and Adhesives Market is expected to be around US$ 3.20 Billion by 2025 at a CAGR of 9.5% in the given forecast period.
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