TAGS: Sealants Natural-based Adhesives
Markets and Markets (M&M) anticipates that the global surgical sealants and adhesives market to grow from USD 1.9 billion in 2020 to USD 2.8 billion by 2025, at a CAGR of 8.4 percent, during the forecast period.
The market is driven by the concerns regarding the effective management of blood loss in patients during surgeries and trauma, growing prevalence and incidence rates of various disorders, increasing incidence of trauma, growth in number of accidents and sports-related injuries, adoption of surgical sealants and adhesives in cosmetic procedures and growing prominence of adhesive dentistry.
Increased Demand for Natural/Biological Sealants and Adhesives
The surgical sealants and adhesives market is segmented into natural/biological sealants and adhesives and synthetic and semisynthetic sealants and adhesives, by product. The natural/biological sealants and adhesives segment accounted for the largest share of the market in 2019.
The large share of can be attributed to the fact that sealants derived from natural polymers provide superior biocompatibility, reduced immune response, and in vivo degradability as compared to synthetic sealants. Natural sealants are also used in repairing injured tissues and reinforce surgical wounds; and have replaced common suturing techniques.
Tissue Sealing Dominated the Market in 2019
By indication, the tissue sealing segment accounted for the largest share of the surgical sealants and adhesives market, followed by surgical hemostasis and tissue engineering in 2019.
The large share of the tissue sealing segment can be attributed to the increasing use of tissue sealants and glues with the increasing number of surgeries being performed annually to manage blood loss during the procedures, and the growing number of people suffering from sports-related injuries.
Adoption of Biosurgery Products in Cardiovascular Surgery
By application, the cardiovascular surgery segment accounted for the largest share of the surgical sealants and adhesives market, followed by general surgery, and Central nervous system (CNS) surgery in 2019.
The large share of the cardiovascular surgery segment is attributed to the increasing use of sealants and adhesives in Cardiovascular disease (CVD) surgeries to overcome the challenges such as friable tissue, coagulopathy, poor visualization of the surgical field, and poor bleeding-site accessibility.
Surgical sealants also help stop bleeding from adhesions at the time of re-operative cardiac surgery and from diffuse surfaces with capillary bleeding. With increasing incidence of CVDs due to rising obesity and lifestyle-related disorders, the diagnostic and therapeutic procedures are set to increase, thereby leading to the growing adoption of sealants and adhesives.
Hospitals to Increase Adoption of Biosurgery Products
Based on end users, the surgical sealants and adhesives market is segmented into hospitals, clinics, and other end users (ambulatory surgery centers, burn care centers, and research institutes). The hospitals segment is estimated to grow at the highest CAGR during the forecast period.
The increase is due to the increasing number of surgeries taking place across the globe due to the rising geriatric population and the incidence of various diseases. Moreover, the increasing need to control blood loss and achieve efficient hemostasis and wound closure in trauma cases, injuries, or surgical procedures is leading to the rising adoption of sealants and adhesives by surgeons. The low cost of these products along with their ease of use and lower risk of complications, offer significant advantages, further supporting market growth.
Highest Growth in North America
In 2019, North America dominated the global surgical sealants and adhesives market, followed by Europe. The large share of North America can be attributed to the significant growth opportunities for players operating in the surgical sealants and adhesives market owing to the presence of many large hospitals and an increasing number of surgical procedures in this region. Moreover, several major global players are based in the US, owing to which the US is a center for innovation in the surgical sealants and adhesives market.
Source: Markets and Markets