Surgical Glue Market Size Worth USD 4.28 Billion in 2030 | Growing demand for surgeries that leave less incision marks
The global surgical glue market size is expected to reach USD 4.28 billion by 2030 and register a revenue CAGR of 8.09% during the forecast period.
NEW YORK CITY, NY, USA, August 8, 2022 /EINPresswire.com/ — The Global surgical glue market The size is expected to reach USD 4.28 billion in 2030 and register a CAGR of 8.09% over the forecast period, according to a latest report by Reports & Data. The rapid adoption of surgical glue as a replacement for sutures in surgeries is one of the major drivers of market revenue growth.
The government’s emphasis on strengthening the healthcare sector to provide accessible and affordable healthcare is expected to have a positive impact on the market revenue growth over the forecast period. Additionally, the growing prevalence of cardiovascular disease (CVD) and increasing number of open-heart surgeries and trauma are key factors that are expected to continue fueling the market growth in the future.
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Additionally, the increasing use of surgical glue in surgeries (instead of stitches) to minimize fluid leakage or facilitate leakage in wounds has opened up new and more lucrative opportunities for players operating in the market. market for surgical glue. Additionally, no requirement for needle sticks or stitches, rapid wound closure, and lower infection rates are advantages of surgical glue that broaden the consumer base of the product.
However, high cost of surgical glue, possibility of glue allergy in some cases and not favorable in patients at risk of slow healing like diabetes are the major factors restraining the growth of the market of surgical glue during the forecast period.
Some key highlights of the report:
On the basis of product, the market report is segmented into natural or biological adhesives and sealants and synthetic and semi-synthetic adhesives and sealants. The natural or organic adhesives and sealants segment accounted for the largest revenue share in 2020 owing to superior biocompatibility. This segment is further segmented into fibrin glues, collagen-based adhesives, and gelatin-based adhesives.
Based on the indications, the market report is segmented into Hemostasis and Tissue Sealing. Among these, the tissue sealing segment is expected to register a significantly rapid revenue CAGR during the forecast period owing to the increase in the number of cosmetic surgeries.
Based on application, the market report is segmented into Cardiac Surgery, Lung Surgery, Vascular Surgery, Liver & Spleen Lacerations, Orthopedic Surgery, Burn Bleeding, Plastic Surgery, Wound Management, Neurosurgery, General Surgery and others (eye, urology, gynecological surgeries). Among these, the plastic surgery segment is expected to register a significant CAGR during the forecast period owing to the boom in selfie culture and the rising incidence of burn injuries.
On the basis of end-use, the market report is segmented into hospitals, outpatient surgery centers, specialty clinics, and others. The hospital segment is expected to register the largest revenue share during the forecast period owing to the increase in the number of complicated surgeries, such as vascular, lung and heart surgeries.
The North America Surgical Glue market revenue is expected to account for a much larger revenue share and dominate other regional markets over the forecast period. This can be attributed to the presence of key market players, increasing medical tourism, and well-developed healthcare infrastructure.
The report also focuses on the details of each market player including their global position, financial position, revenue generation, company overview, product and service portfolio. The surgical glue market is fiercely competitive and consists of several regionally and globally key players. The major players are focusing on adopting various strategies such as new product launches, mergers and acquisitions, R&D investments, partnerships, joint ventures and collaborations to strengthen their market position and improve their product portfolio. products.
Major companies operating in the market are:
Braun Medical Inc, Medtronic PLC, Advanced Medical Solutions Group PLC, Baxter International Inc, Cohera Medical Inc, CryoLife Inc., Adhesys Medical GmbH, Integra LifeSciences Holdings Corporation, Arch Therapeutics Inc and Lifebond Machines Pvt. ltd.
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The report also offers detailed information on market segmentation based on type, application and regional bifurcation:
Surgical Glue Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019 – 2030)
Natural or organic adhesives and sealants
Synthetic and semi-synthetic adhesives and sealants
Indication Outlook (Revenue, USD Billion; 2019 – 2030)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
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