Tag: surgical sealants and adhesives market outlook

  • 2024 Surgical Sealants And Adhesives Market Outlook: Size, Share, and Key Growth Drivers

    2024 Surgical Sealants And Adhesives Market Outlook: Size, Share, and Key Growth Drivers

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    What Growth Rate is the Surgical Sealants And Adhesives Market Anticipated to Experience from 2024-2033?

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    What Are the Significant Influencers of Growth in the surgical sealants and adhesives Market?

    The surgical sealants and adhesives market is projected to expand due to the growing number of surgical procedures. The recent escalation in surgeries can be linked to the rising levels of obesity, lifestyle diseases, spinal and sports-induced injuries, and the increasing elderly demographic. The elderly are typically more susceptible to chronic and heart diseases, requiring them to undergo surgery. As per data from the World Health Organization, the global population over the age of 65 is expected to rise from 1 billion in 2020 to nearly 2.1 billion by 2050.

    What Key Segments Define the Surgical Sealants And Adhesives Market?

    1) By Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants

    2) By Indication: Tissue Sealing, Tissue Engineering, Hemostasis

    3) By End Use: Hospital, Clinics, Others End Uses

    What Are the Key Developments Shaping the Surgical Sealants And Adhesives Market?

    Many businesses in the market are intent on broadening their product range in unexplored areas. For example, Futura Surgicare Pvt. Ltd., a medical device firm based in India, joined hands with Advanced Medical Solutions Group PLC, a UK-based firm that develops and manufactures sophisticated wound care dressing technologies, in January 2022 to enhance their wound closure assortment. As part of this alliance, the company revealed its plans to launch a line of liquid products, specifically for the Indian market, via its new division, Dolphin Adhesives. This innovative sector provides topical skin adhesives such as Exceed, Exceed XS, and Optima, which have been engineered to deliver unique wound closure techniques while diminishing the possibility of unfavorable surgical results.

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    What Regions Are Driving Expansion in the Surgical Sealants And Adhesives Market?

    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 Surgical Sealants And Adhesives Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the surgical sealants and adhesives market, its market share, and analyzes key competitors along with their market positions.

    The Table Of Content For The Surgical Sealants And Adhesives Market Include

    1. Surgical Sealants And Adhesives Market Executive Summary

    2. Surgical Sealants And Adhesives Market Segments

    3. Surgical Sealants And Adhesives Market Size And Template Market Growth Rate

    4. Key Surgical Sealants And Adhesives Market Trends

    5. Major Surgical Sealants And Adhesives Market Drivers

    ……

    25. Key Mergers And Acquisitions In The Surgical Sealants And Adhesives Market

    26. Top Surgical Sealants And Adhesives Companies

    27. Surgical Sealants And Adhesives Market Opportunities And Strategies

    28. Surgical Sealants And Adhesives Market, Conclusions And Recommendations

    29. Appendix

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  • Key Trends And Drivers In The Surgical Sealants And Adhesives Market 2024

    Key Trends And Drivers In The Surgical Sealants And Adhesives Market 2024

    The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

    The surgical sealants and adhesives market has experienced robust growth in recent years, driven by various factors, and this trend is expected to continue in the near future.

    Recent Market Growth

    • Market Size: The market grew from $2.59 billion in 2023 to $2.83 billion in 2024.
    • Growth Rate: This represents a compound annual growth rate (CAGR) of 9.1%.
    • Contributing Factors:
      • Rising prevalence of chronic diseases.
      • Increased focus on reducing surgical wounds.
      • Higher demand for minimally invasive techniques.
      • Increased healthcare expenditure.
      • Rising prevalence of cardiovascular disorders.

    Future Market Outlook

    • Expected Growth: The market is projected to reach $4.14 billion by 2028.
    • Future CAGR: Expected to grow at a CAGR of 10.0%.
    • Growth Drivers:
      • Increasing geriatric population.
      • Growing prevalence of accidents.
      • Rising number of cosmetic surgeries.
      • Introduction of advanced surgical sealants.

    Read More On The Surgical Sealants And Adhesives Market Report 2024 – https://www.thebusinessresearchcompany.com/report/surgical-sealants-and-adhesives-global-market-report

    Key Trends in the Forecast Period

    • Bio-based Sealants: Development of bio-based sealants using renewable raw materials.
    • Strategic Acquisitions: Companies are investing in acquisitions to increase market share and expand product portfolios.
    • Innovative Products: Emphasis on developing innovative and enhanced products for better performance.
    • Nano-enabled Adhesives: Investment in nano-enabled adhesives and sealants, which offer superior properties like high surface area and nanoscale size.

    Impact of Rising Surgical Procedures

    • Increased Surgical Procedures: Growth in the market is closely linked to the rise in surgical procedures.
    • Contributing Factors:
      • Rising prevalence of obesity and lifestyle diseases.
      • Increasing incidence of spinal and sports-related injuries.
      • Growing elderly population prone to chronic and heart diseases.
    • Aging Population: According to WHO, the global population over the age of 65 is expected to double from 1 billion in 2020 to 2.1 billion by 2050.

    Major Companies in the Market

    • Leading Players:
      • 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
    • Other Notable Companies: Takeda Pharmaceutical Company, Siemens Healthcare Diagnostics Ltd., Medtronic, Philips, Stryker, among others.

    Expansion into Untapped Geographies

    • Strategic Expansion: Companies are expanding their product portfolios into untapped markets.
    • Example: In January 2022, Futura Surgicare Pvt. Ltd. collaborated with Advanced Medical Solutions Group PLC to introduce a liquid range of products in India through Dolphin Adhesives, offering innovative wound closure methods.

    Recent Acquisitions

    • BD’s Acquisition of Tissuemed, Ltd: In December 2021, Becton, Dickinson and Company acquired Tissuemed, Ltd, enhancing its surgical sealants portfolio and strengthening its market position.

    Market Segmentation

    • By Product:
      • Biological Sealants
      • Synthetic Sealants
      • Semi-Synthetic Sealants
    • By Indication:
      • Tissue Sealing
      • Tissue Engineering
      • Hemostasis
    • By End Use:
      • Hospitals
      • Clinics
      • Other End Uses

    Regional Insights

    • Largest Market: North America was the largest region in the surgical sealants and adhesives market in 2023.

    The surgical sealants and adhesives market is poised for significant growth driven by an increase in surgical procedures, advancements in product offerings, and strategic expansions by key players. With a focus on innovation and addressing the needs of an aging population, the market will continue to evolve and expand in the coming years.

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