Global Surgical Sealants and Adhesives Market

Report ID : 1481 | Published : 2022-12-02 | Pages: | Format: PDF/EXCEL

The market size of the Global Surgical Sealants and Adhesives Market in the year 2021 is valued at 2.44 billion and is predicted to reach 5.62 billion by the year 2030 at an 9.9% CAGR during the forecast period.

Surgical adhesives and sealants are substances with natural or synthetic origins that are added to sutures in order to prevent infection, repair damaged tissue boundaries, and speed healing. Given their capacity to reduce blood loss, enhance closure, and enable less painful and easier operations without the need for removal, these materials are emerging as potential substitutes for staples and sutures in many medical applications. The market for surgical sealants and adhesives is anticipated to expand as chronic health conditions like cardiovascular disease, kidney illness, neurological problems, and others are becoming more common. Another reason boosting the market for surgical sealants and adhesives is the rise in car accidents requiring urgent procedures.

During the anticipated period, the market for surgical sealants and adhesives is expected to have considerable revenue growth due to the rising popularity of aesthetic procedures and the increased focus on surgical sealants and adhesives' safety, cost, and usability. The need for surgical sealants and adhesives has increased across industries, including the healthcare industry, due to the resume of suspended surgeries and associated procedures. The surgical sealants and adhesives market will experience increased growth due to the post-COVID situation. However, the market expansion for surgical sealants and adhesives may be constrained by the availability of substitute products, high pricing, and difficulties related to these products.

Market Segmentation:

The surgical sealants and adhesives market is divided into product, indication, and application. Based on product, the market is segmented into Natural/Biological Sealants and Adhesives and Synthetic and Semi-synthetic Sealants and Adhesives. Based on indication, the surgical sealants and adhesives market is segmented into Surgical Hemostasis, Tissue Sealing, Tissue Engineering. Based on application, the market is bifurcated and divided into General Surgeries, Cardiovascular Surgeries, Central Nervous System Surgeries, Orthopedic Surgeries, Urological Surgeries, and Others.

Based on product, the biological segment is a major contributor to the surgical sealants and adhesives market.

The market's leading segment is the biological segment. Fibrin, collagen, and gelatin-based sealants and adhesives are further categories for natural or biological materials because of the many medical settings in which they are used. They are useful in thoracic, cardiovascular, orthopedic, neuro, and reconstructive operations. Additionally, only fibrin and other sealants have FDA permission for usage in all three categories, namely hemostats, sealants, and adhesives.

The central nervous system (CNS) segment witnessed growth at a rapid rate.

The central nervous system (CNS) category had the highest revenue share since CNS illnesses are quite common worldwide. In CNS procedures, sealants are preferred to conventional closure techniques, including wires, sutures, and staples. Because traditional sealant techniques are challenging to use in CNS surgeries, there is an exponentially growing need for surgical sealants and adhesives for CNS.

North America holds a significant regional revenue share.

The North American region market is expected to register the highest market share. This is majorly due to some elements, including the prevalence of chronic health conditions, an increase in age-related health problems, essential businesses engaged in manufacturing surgical sealants and adhesives, cutting-edge medical facilities, etc. One of the key elements fueling the growth of the North American surgical sealants and adhesives market is the increased frequency of chronic conditions needing surgery, notably in the United States. Besides, the Asia Pacific region is estimated to hold the largest share of the market. The aging population is propelling the surgical sealants and adhesives market, which is more likely to experience health issues, including heart disease, bone disease, eye problems, and others that call for immediate surgery.

Competitive Landscape

Some major key players in the surgical sealants and adhesives market are "R. Bard, Johnson & Johnson (UK), Baxter International, Medtronic plc (US), Braun Melsungen AG (Germany), Cohera Medical, Sanofi Group (France), Sealantis, Vivostat A/S (Denmark), Ocular Therapuetix

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Surgical Sealants and Adhesives Market Snapshot

Chapter 4. Global Surgical Sealants and Adhesives Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Biological

5.2.2. Synthetic

5.2.3. Fibrin

5.2.4. Collagen

5.2.5. Gelatin

Chapter 6. Market Segmentation 2: by Indication Estimates & Trend Analysis

6.1. by Indication & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Indication:

6.2.1. Tissue Sealing

6.2.2. Hemostasis

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis

7.1. by Application & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

7.2.1. General Surgeries

7.2.2. Cardiovascular

7.2.3. CNS

7.2.4. Urological

Chapter 8. Surgical Sealants and Adhesives Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.1.2. North America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2022-2030

8.1.3. North America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.1.4. North America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.2. Europe

8.2.1. Europe Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.2.2. Europe Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2022-2030

8.2.3. Europe Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.2.4. Europe Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.3.2. Asia Pacific Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2022-2030

8.3.3. Asia-Pacific Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.3.4. Asia Pacific Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.4. Latin America

8.4.1. Latin America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.4.2. Latin America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2022-2030

8.4.3. Latin America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.4.4. Latin America Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.5.2. Middle East & Africa Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2022-2030

8.5.3. Middle East & Africa Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

8.5.4. Middle East & Africa Surgical Sealants and Adhesives Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. R. Bard, Inc. (US)

9.2.2. Johnson & Johnson (UK)

9.2.3. Baxter International, Inc. (US)

9.2.4. Medtronic plc (US)

9.2.5. B. Braun Melsungen AG (Germany)

9.2.6. Cohera Medical, Inc. (US)

9.2.7. Sanofi Group (France)

9.2.8. Sealantis, Ltd (Israel)

9.2.9. Vivostat A/S (Denmark)

9.2.10. Ocular Therapuetix, Inc. (US)

9.2.11. Other Prominent Players

By Product

  • Natural/Biological Sealants and Adhesives
    • Natural/Biological Sealants and Adhesives, By Type
      • Polypeptide/Protein-based Sealants and Adhesives
        • Fibrin Based
        • Gelatin Based
        • Collagen Based
        • Albumin Based
      • Polysaccharide-based Sealants and Adhesives
        • Chitosan Based
        • Others
      • Natural/Biological Sealants and Adhesives, by Origin
        • Human Blood Based
        • Animal Based
      • Synthetic and Semi-synthetic Sealants and Adhesives
        • Cyanoacrylates
        • Polyethylene glycol Based Hydrogels
        • Urethane Based
        • Others

By Indication

  • Surgical Hemostasis
  • Tissue Sealing
  • Tissue Engineering

By Application

  • General Surgeries
  • Cardiovascular Surgeries
  • Central Nervous System Surgeries
  • Orthopedic Surgeries
  • Urological Surgeries
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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