The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s surgical sealants and adhesives market report forecasts the surgical sealants and adhesives market size to grow to $3.38 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%
Learn More On The Surgical Sealants And Adhesives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/surgical-sealants-and-adhesives-global-market-report
Surgical Sealants And Adhesives Market Size Forecast
The global surgical sealants and adhesives market is expected to grow from $2.39 billion in 2022 to $2.63 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surgical sealants and adhesives market is expected to grow from $3.38 billion in 2027 at a CAGR of 6.5%.
North America held the largest surgical sealants and adhesives market share.
Key Surgical Sealants And Adhesives Market Driver – Rise In Number Of Surgical Procedures
According to the World Health Organization, the number of people over the age of 65 is projected to increase from 1 billion in 2020 to 2.1 billion by 2050, globally.
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Key Surgical Sealants And Adhesives Market Trend – Focusing On Product Portfolio Expansion Into Untapped Geographies
For instance, in January 2020, Terumo Corporation announced the launch of AQUABRID, a new surgical sealant in the EMEA market. AQUABRID is specially developed for aortic procedures to stop bleeding during and post surgeries. The company earlier introduced this product in Japan under the brand name Hydrofit and is under the process of registration in Eastern Europe, the Middle East, and Africa.
Surgical Sealants And Adhesives Market Segment
1) By Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants
2) By Indication: Tissue Sealing, Tissue Engineering, Hemostasis
3) By End Use: Hospitals, Clinics, Other End Uses
Surgical Sealants And Adhesives Market Major Players and Strategies
Major players in the surgical sealants and adhesives market are Baxter International Inc., B. Braun Melsungen AG, Cohera Medical, Inc., CryoLife Inc., C.R. Bard Inc., CSL Limited (CSL Behring), Johnson & Johnson (Ethicon, Inc.), Sanofi, Ocular Therapeutix, Inc., and Sealantis Ltd.
In December 2021, Becton, Dickinson and Company, a US-based medical technology company, acquired Tissuemed, Ltd for an undisclosed amount. The acquisition would complete BD’s core portfolio and enable BD to further strengthen the surgical sealants portfolio. Tissuemed is a England-based surgical sealants manufacturer.
The Surgical Sealants And Adhesives Global Market Report 2023 covers regional data on surgical sealants and adhesives market size, surgical sealants and adhesives market trends and drivers, opportunities, strategies, and surgical sealants and adhesives market competitor analysis. The countries covered in the surgical sealants and adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Surgical sealants and adhesives are materials used to repair injured tissues and prevent air and fluid leakages during or after surgeries. These are used for minimising blood losses, replacing staples and sutures for better closure, and strengthening wound areas without limiting tissue movement.
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