14-Jun-2022 | Zion Market Research
The global tissue sealants and tissue adhesive market achieved revenue growth of USD 1.5 billion in 2021 and it is expected to reach about USD 2.9 billion by 2028 with a compound annual growth rate (CAGR) of approximately 8.6 percent. Tissue sealants and adhesives have long been sought for surgical use. Today they are used in many surgical arenas, notably in vascular, spine, ocular, gastrointestinal, neural, and lung. With their increasing use in surgical procedures, many manufacturers are increasing focus on developing new tissue sealants and adhesives which further supports the market growth.
The increased frequency and incidence of numerous ailments throughout the world are mainly responsible for the global tissue sealants and tissue adhesive market's expansion. Furthermore, one of the key factors driving the market's expansion is the number of accidents. Moreover, in recent years, there has been a tremendous increase in the number of operations performed throughout the world, which is expected to drive the market's rise in the next years. On the other hand, the surgical sealants and adhesives market is expected to be hampered by factors such as substantial clinical data requirements for product launch and a dearth of reimbursement policy. The esophagus, stomach, large intestine, small intestine, liver, gallbladder, pancreas, appendix, and bile ducts, as well as the thyroid gland, are all treated in general surgery. Skin, soft tissue, peripheral vascular surgery, pancreas, and hernias are among the diseases where tissue sealants are widely implied which also contribute to the growth of the market.
The COVID-19 outbreak has had consequences across the healthcare profession, notably in the way surgical operations are performed. The number of operations decreased significantly in the early months of the pandemic as regulatory authorities imposed rigorous limits for non-emergent surgical cases, affecting the usage of surgical sealants and adhesives.
The global tissue sealants and tissue adhesive market is categorized based on product, application, end-user, and region. Based on the product, the market is divided into semi-synthetic & synthetic adhesives and biological or natural sealants. The application segment consists of neurosurgery, cosmetic surgery, cardiovascular surgery, gynecology surgery, orthopedic surgery, general surgery, and other applications. The end-user segment is bifurcated into ambulatory surgery centers, specialty clinics, and hospitals.
North America is expected to lead the global tissue sealants and adhesives market due to a well-developed healthcare system, increased operations, technological advancements, and a growing geriatric population. In the worldwide surgical sealants and adhesives market, Europe is predicted to retain the second-largest share. The growing surgical procedures and established healthcare infrastructure in this area are driving market expansion. China, Japan, India, the Republic of Korea, Australia, and the Rest of Asia Pacific make up the surgical sealants and adhesives market in the Asia-Pacific region. Because of the large patient population with chronic illnesses in countries like India and China, the Asia Pacific is predicted to be the fastest expanding region.
Integra LifeSciences, Smith & Nephew, C.R Bard, Exapharma, Johnson & Johnson, Baxter International Inc., Tissuemed Ltd., Chemence Medical, Inc., Luna Innovations Inc, Cohera Medical, Inc. are some of the predominant players that are operating in the global tissue sealants and tissue adhesive market.
Browse the full “Tissue Sealants And Tissue Adhesive Market By Product (Natural Or Biological Sealants & Adhesives And Synthetic & Semi-Synthetic Adhesives), By Application (General Surgery, Orthopedic Surgery, Gynecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, And Other Applications), By End-User (Ambulatory Surgery Centers, Specialty Clinics, And Hospitals), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/tissue-sealants-and-tissue-adhesive-market
Global tissue sealants and tissue adhesive market is segmented as follows:
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