DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "Surgical Sealants and Adhesives Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global surgical sealants and adhesives market is expected to grow from $1.55 billion in 2020 to $2.03 billion in 2021 at a compound annual growth rate (CAGR) of 31%. The market is expected to reach $2.93 billion in 2025 at a CAGR of 10%.
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.
The surgical sealants and adhesives market consists of revenue generated from the sales of surgical sealants and adhesives. Surgical sealants and adhesives are materials used to repair injured tissues and prevent air & fluid leakages during or after the surgeries. These are used for minimizing blood losses, replacing staples and sutures for better closure, and strengthening wound area without limiting the tissue movement.
The surgical sealants and adhesives market covered in this report is segmented by product into biological sealants, synthetic sealants, semi-synthetic sealants. It is also segmented by indication into tissue sealing, tissue engineering, hemostasis and by end-use into hospitals, clinics, others.
The advances in surgical procedures are anticipated to hinder the growth of surgical sealants and adhesives market. Minimal invasive surgeries are replacing conventional surgical procedures, eliminating the complications including bleeding and air leakage and therefore, limiting the use of any surgical sealants and adhesives.
According to the American Society of Plastic Surgeons (ASPS), approximately 18 million people underwent surgical and minimally invasive cosmetic procedures in the USA. Hence, the growing number of minimally invasive surgeries and other substitutes for the conventional surgical processes is predicted to impact the growth of the market over the forthcoming years.
The rising number of surgical procedures is predicted to contribute to the growth of surgical sealants and adhesives market. In recent years, the continuous surge in surgical procedures is registered attributing to the growing prevalence of obesity and other lifestyle diseases, increasing incidence of spinal and sports-related injuries, and rising geriatric population. The old-age population is more prone to chronic, heart, and other diseases, thereby undergoing surgical procedures.
According to the United Nations Department of Economic and Social Affairs, the number of people over the age of 65 is projected to increase from 703 million in 2019 to 1.5 billion by 2050, globally.
Several companies operating in the market are focusing on product portfolio expansion into untapped geographies. For instance, in January 2020, Terumo Corporation announced the launch of AQUABRID, new surgical sealants 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 in 2014 under the brand name Hydrofit and is under the process of registration in Eastern Europe, the Middle East and Africa.
Key Topics Covered:
1. Executive Summary
2. Surgical Sealants and Adhesives Market Characteristics
3. Surgical Sealants and Adhesives Market Trends and Strategies
4. Impact Of COVID-19 On Surgical Sealants and Adhesives
5. Surgical Sealants and Adhesives Market Size and Growth
5.1. Global Surgical Sealants and Adhesives Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Surgical Sealants and Adhesives Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Surgical Sealants and Adhesives Market Segmentation
6.1. Global Surgical Sealants and Adhesives Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Surgical Sealants and Adhesives Market, Segmentation by Indication, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Surgical Sealants and Adhesives Market, Segmentation by End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Surgical Sealants and Adhesives Market Regional and Country Analysis
7.1. Global Surgical Sealants and Adhesives Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Surgical Sealants and Adhesives Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Baxter International Inc
B. Braun Melsungen AG
Cohera Medical Inc.
C.R. Bard Inc.
CSL Limited (CSL Behring)
Johnson & Johnson (Ethicon Inc.)
Ocular Therapeutix Inc.
Integra LifeSciences Holdings Corporation
Procter & Gamble Company
Dentsply Sirona Inc.
Adhesives Research Inc.
Advanced Medical Solutions Group plc
For more information about this report visit https://www.researchandmarkets.com/r/kooa0z
View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005717/en/
Laura Wood, Senior Press Manager
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