The worldwide surgical sealants and adhesives market is anticipated to reach USD 4.5 billion by 2025. It is projected to grow at a 9.7% CAGR during the forecast period 2014 to 2025). Surgical sealants and adhesives strengthen tissues and repair surgical wounds. They also bind internal and external tissues after an injury or surgery. These medical products minimize blood loss and prevent infections. Surgical adhesives and sealants eliminate use of sutures, staples, and wires during surgical procedures.
Rise in surgical procedures and efforts to reduce surgical wounds are the key market drivers. According to World Health Organization (WHO), nearly 235 million major surgeries are performed in the world every year. Infected wounds, tissue damage, and excessive bleeding are the common perils of surgeries. Diabetic patients are at high risk of post-surgery wounds.
Growth in surgical procedures propels research & development activities. Surgical adhesives and sealants could replace traditional alternatives such as staples and surgical sutures in the forthcoming years. They provide better wound closure and eliminate removal process. However, sealants could face limited market growth till 2025. High costs and rigid regulations may hinder the growth.
In-depth research report on global surgical sealants and adhesives market - http://www.grandviewresearch.com/industry-analysis/surgical-sealants-adhesives-market
The worldwide surgical sealants and adhesives market is fragmented on the basis of types, applications, and regions. Types are segmented into natural/biological and synthetic & semi synthetic. Natural types are collagen, fibrin, and gelatin based. Fibrin based sealants held the largest market share in 2015. Extensive applications in treatment of neurological, cardiovascular, orthopedic, and other such surgeries may support this dominance in the near future.
Cyanoacrylates, urethane based adhesives, and polymeric hydrogels are examples of synthetic & semi synthetic types. Cyanoacrylates are characterized by easy adhesion, strong mechanical strength, and fast-drying properties. They can register the fastest growth on account of demand over the forecast period.
Cardiovascular, central nervous system (CNS), general surgery, ophthalmology, orthopedic, pulmonary, urology, and others are chief application segments in the overall market. Driven by high prevalence of CNS disorders, central nervous system dominated the overall market in terms of demand in 2016. Cardiovascular surgeries may witness the fastest growth in the years to come. This is attributed to high incidence of cardiovascular diseases.
Regions encompass North America, Latin America, Asia Pacific, Europe, and Middle East & Africa (MEA). North America dominated the overall market in 2015. Access to premium healthcare facilities and modern medical technology propels regional growth. Favorable public health policies in the U.S. can further impel market expansion. Asia Pacific on the other hand, can register significant growth over the forecast period. Ongoing transformation of healthcare delivery systems is the primary demand driver.
B. Braun Melsungen AG; Baxter International, Inc.; C.R. Bard, Inc.; and Cardinal Health are some of the leading players in the market for surgical sealants and adhesives. Emergence of new local companies could intensify market competition. Most market participants adopt innovative strategies to seize new business opportunities.
LifeBond recently launched LifeSeal Surgical Sealant, which is suitable for laparoscopies & open surgeries. This gelatin-based product is made of biocompatible materials. It forms a durable layer on soft tissues and imitates their natural properties. LifeSeal sealant is designed to assist in gastrointestinal surgical procedures.