Estimations about the rise or fall of the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Global Surgical Sealants and Adhesives Market report. The key research methodology that has been applied here by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. These insights will lead to actionable ideas, better decision-making, and better business strategies. Global Surgical Sealants and Adhesives Market report consists of well-defined and well-categorized market research data that brings the marketplace clearly into the focus.
Global surgical sealants and adhesives market is registering a healthy CAGR of 10.20% in the forecast period of 2019-2026. This rise in the market can be attributed to increasing surgical procedures and continuous advancement in technology. Few of the major market competitors currently working in the global surgical sealants and adhesives market are Baxter, Johnson & Johnson Services, Inc., CryoLife, BD, Medtronic, Sanofi, B. Braun Melsungen AG, Cohera Medical, Inc., Ocular Therapeutix, Inc., Vivostat A/S, Advanced Medical Solutions Israel (Sealantis) Ltd, Cardinal Health, Integra LifeSciences Corporation, Mallinckrodt company, Lifebond Machines Pvt. LTd., Adhesys Medical GmbH, Takeda Pharmaceutical Limited, among others.
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Competitive Analysis:
Global surgical sealants and adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of surgical sealants and adhesives market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
- Current and future of global surgical sealants and adhesives market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Segmentation:
Global Surgical Sealants and Adhesives Market By Product (Natural/Biological Sealants and Adhesives, Synthetic and Semisynthetic Sealants and Adhesives), Indication (Surgical Hemostasis, Tissue Sealing, Tissue Engineering), Application (Central Nervous System (CNS) Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, Cosmetic Surgeries, Ophthalmic Surgeries, Urological Surgeries, Pulmonary Surgeries, Other Applications), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Definition:
Surgical sealants are used in surgical incision during invasive processes to avoid fluid leakage. They are most frequently used to achieve mechanical hemostasis in vascular reconstruction. In addition, surgical sealants are also used to replace anastomoses, suture line, substitute aortic root, and avoid arterial & venous bleeding. Most commercial sealants are biodegradable, biocompatible, and flexible. Surgical sealants may be either natural or synthetic or a mixture of both.
Market Drivers
- Increasing surgical procedure globally is driving the market growth
- Continuous advancement in technology is helping the market to grow
- Surging preference for surgical sealants and adhesives is flourishing the market growth
- CE Mark and FDA approval drives the market growth
Market Restraints
High cost associated with surgical sealants hinders the growth of the market
- Availability of alternatives for surgical adhesives hampers the market growth
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Key Developments in the Market:
- In September 2017, Cohera Medical Inc. had signed an agreement with Terumo Corporation for Sylys Surgical Sealant. This agreement will allow Terumo Corporation rights to market Sylys in Japan. This agreement will expand the market share of both the companies
- In November 2016, Johnson & Johnson Services, Inc. had launched it new FDA-approved tool, Evarrest Fibrin Sealant Patch. It helps the surgeons and doctors to stop the bleeding of the patient at the time of surgery. This launch will expand the product portfolio of the company and surge the market share of the company
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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