The market is expected to generate an incremental $ opportunity of US$ 2,205.0 Mn between 2022 and 2030
Category: Chemicals & Materials Published Date : September 2022 ID: CVC-00187 Format: PDF Pages: 325
Surgical Glues Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Surgical Glues Market was worth US$ 2,358.8 Mn and is expected to grow at a CAGR of 8.6% over the forecast period. The market is expected to hit US$ 4,563.8 Mn by 2030 end.
Surgical glue, also known as a tissue adhesive or liquid stitches, is an addition to normal hemostasis procedures (staples or sutures), particularly in open surgical repair of major arteries. This surgical glue is used to seal big and small wounds, such as incisions.
One of the primary reasons driving the growth of the surgical glue market is the increase in the number of surgical operations performed worldwide. The growing demand for appropriate blood loss management in patients, as well as an increase in the number of traffic accidents and burn cases, are driving market expansion.
THE WIDE USE OF SURGICAL GLUE IN PHARMACEUTICAL APPLICATIONS IS DRIVING MARKET GROWTH.
The use of surgical glue in orthopedic, cardiovascular, ophthalmology, gastrointestinal, periodontal, and reconstructive procedures. Innovations in the surgical glue market are predicted to enhance biocompatibility with ongoing research and advancement.
Increasing awareness of the benefits of surgical glue, a considerable increase in the number of surgical operations worldwide, and a focus on enhancing the efficacy of new surgical glue are some key factors predicted to drive the growth of the surgical glue market.
HIGH PRODUCT COSTS HAMPER THE MARKET GROWTH
The high cost of the product and the time-consuming demand for clinical data for new product launches are projected to hamper market expansion. The surgical glue market is expected to be challenged by a shortage of reimbursements and experienced experts during the forecast period of 2022-2030.
Why is the natural/biological Surgical Glues product sector expected to have the greatest CAGR?
In 2021, the natural/biological Surgical glues sector held the biggest market share. The high percentage of natural/biological surgical glue can be attributed to the fact that sealants derived from natural polymers have superior biocompatibility, reduced immune response, and in vivo degradability compared to synthetic adhesive.
These are used to repair injured tissues and reinforce surgical wounds, thus replacing common suturing techniques.
Why is the tissue sealing segment expected to expand the fastest during the forecast period?
During the projection period, the tissue sealing sector is expected to expand the most in the market. It is due to the rising demand for tissue regeneration in situations of skin injuries or burns injuries, as well as the growing number of cosmetic procedures performed worldwide.
Which application segment is predicted to grow rapidly throughout the projection period?
During the projection period, the plastic surgery category is expected to expand the most in the market. It is due to the growing use of surgical glues in cosmetic and burns therapy operations. It is expected to rise further as the number of face cosmetic operations increases, as are incidences of skin injuries, the occurrence of burn injuries, and the number of breast cancer patients undergoing mastectomy and breast reconstruction treatments worldwide.
Which end-user segment is predicted to grow rapidly throughout the projection period?
In 2021, the hospital sector held the greatest share of the market. It is mostly due to an increase in the number of procedures performed worldwide due to the growing elderly population and various ailments.
Doctors are increasingly using them to limit blood loss and accomplish effective hemostasis and wound closure in trauma situations, injuries, or surgical operations. The inexpensive cost of these products and their ease of use, and decreased risk of problems provide substantial advantages, boosting market expansion.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The surgical glue market is somewhat fragmented, with a few large-scale companies and local and regional players.
Companies have invested in R&D to provide products with enhanced features. Some of the key developments that have taken place in the Surgical Glues Market include:
A list of some of the key suppliers present in the market are:
Market Segments Covered in Report
By Region and Country:
Global Surgical Glues Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product, Indication, Application, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|