What Has Been The Historical And Current Growth Of The Surgical Sealants And Adhesives Market?
The surgical sealants and adhesives market has seen considerable growth due to a variety of factors.
• There has been robust growth in the market size of surgical sealants and adhesives in recent times. The market will expand from a value of $2.75 billion in 2024 to an estimated $2.98 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%.
The causative elements for this growth during the historically significant era include the escalating prevalence of chronic medical conditions, concerns to lessen surgical wound rates, an upsurge in the demand for minimally invasive surgical methods, a rise in healthcare spending, and an increased incidence of cardiovascular health issues.
What Can Be Expected from the Surgical Sealants And Adhesives Market in the Coming Years?
The surgical sealants and adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• A significant increase is anticipated in the surgical sealants and adhesives market in the ensuing years, with a projection to reach $4.58 billion by 2029, representing a compound annual growth rate (CAGR) of 11.3%.
This projections for this period is influenced by various factors such as growth in the elderly population, the rise in incidence of accidents, an increase in cosmetic surgeries, and the introduction of novel surgical sealants. Within the forecast period, numerous trends are expected to take the spotlight including an emphasis on creating bio-based sealants to boost the use of renewable raw materials, strategic investments in acquisitions to increase market share and widen product portfolio, investment in cutting-edge products to offer improved and superior products to customers, as well as investment in nano-enabled adhesives and sealants in surgical processes owing to their unique qualities such as high surface area and nano size attributes.
What Main Forces Are Fueling Expansion In The Surgical Sealants And Adhesives Market?
The surgical sealants and adhesives market is set for expansion, propelled by the increasing prevalence of surgical procedures. This recent rise in surgeries is driven by a number of factors such as escalating levels of obesity and other lifestyle-related illnesses, a surge in spinal and sports-related injuries, and an aging global population. The elderly are more susceptible to chronic and heart diseases that often require surgical intervention. As an illustration, the World Health Organization (WHO), a Switzerland-based entity responsible for global public health, stated in an October 2022 report that by 2030, one in every six individuals worldwide will be 60 years old or older. By 2050, the number of people aged 60 or older globally is projected to reach 2.1 billion.
How Is the Surgical Sealants And Adhesives Market segmented?
The surgical sealants and adhesives market covered in this report is segmented –
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
Subsegments:
1) By Biological Sealants: Fibrin Sealants, Collagen-Based Sealants, Tissue Adhesives Derived From Natural Sources
2) By Synthetic Sealants: Polyethylene Glycol (PEG) Sealants, Cyanoacrylate Adhesives, Polyurethane-Based Sealants
3) By Semi-Synthetic Sealants: Gelatin-Based Sealants, Modified Natural Polymers
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What New Trends Are Influencing the Surgical Sealants And Adhesives Market?
Numerous firms in the market are working towards broadening their product portfolios into previously uncharted territories. In January 2022, for example, Futura Surgicare Pvt. Ltd., an Indian medical device enterprise, formed a partnership with the UK's Advanced Medical Solutions Group PLC, a company known for creating cutting-edge wound care dressing technologies, with a goal to extend its wound closure offerings. As a feature of this partnership, the unveiling of a plan to launch a unique liquid line of products in India through its recently established division, Dolphin Adhesives, was also achieved. This fresh sector delivers topical skin adhesives such as Exceed, Exceed XS, and Optima. These adhesive solutions aim to offer innovative methods of closing wounds and minimizing the probability of unsatisfactory surgical outcomes.
Who Are the Key Players in the Surgical Sealants And Adhesives Market?
Major companies operating in the surgical sealants and adhesives market include:
• Baxter International Inc
• Johnson & Johnson
• B.Braun Melsungen AG
• Becton Dickinson & Company
• Cryolife Inc.
• Integra LifeSciences
• Vivostat A/S
• Occular Therapeutix Inc.
• Advanced Medical Solutions Group plc
• Centenial Surgical Suture Ltd
• Maestros Mediline Systems Ltd
• Poly Medicure Ltd
• Raaj Medisafe India Ltd
• Shinva Medical Instrument Co. Ltd.
• Global Medical Group Limited
• Maxmed Health Care LTD
• Highlight Surgicals
• Medcaptain Europe
• Easy Medical Devices
• Td Medical B.V.
• Ophtec B.V.
• Rovers Medical Devices B.V.
• Cohera Medical Inc.
• Tricol Biomedical
• Medtronic
• Stryker
• Acelity
• Seprafilm
• GluStitch
• Cardinal Health
• Biomerics
• Abbott Laboratories
• Covidien plc
• Smiths Medical.
What Is The Most Dominant Region In The Surgical Sealants And Adhesives Market?
North America was the largest region in the surgical sealants and adhesives market in 2024. 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
