Surgical Sealants and Adhesives Market, by Product [Natural/Biological Surgical Sealants & Adhesives (Polypeptide/Protein-based Sealants & Adhesives and Polysaccharide-based Sealants & Adhesives), Synthetic & Semisynthetic Sealants and Adhesives (Cyanoacrylates, Polyethylene Glycol-based Hydrogel, Urethane-based Adhesives, and Other Synthetic Sealants and Adhesives)], by Indication (Tissue Sealing & Hemostasis and Tissue Engineering), by Application (Central Nervous System Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, Cosmetic Surgeries, Ophthalmic Surgeries, Urological Surgeries, Pulmonary Surgeries, and Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Surgical Sealants and Adhesives Market Analysis:

Surgical sealants and adhesives refer to specialized medical materials used to strengthen wounds, binding tissues internally and externally post-surgery or injury, repair injured tissues. Surgical sealants and adhesives act as a replacement for traditional methods such as stitches and stapling and are highly preferred due to their usability, safety, and efficacy. Surgical sealants and adhesives are utilized during or post-surgery in order to avoid complications such as fluid, blood, and air leaks. Surgical sealants and adhesives are available in multiple forms and facilitate in stopping air and blood leakage by creating a hemostatic layer. Surgical sealants and adhesives eliminate the need for sutures by developing a chemical barrier or bond and help in wound healing. Surgical sealants and adhesives provide safer, minimally invasive, and quicker suture-less solutions and facilitate in restoring the integrity and functionality of soft tissues.           

Growing geriatric population & chronic diseases, increasing surgeries, and rising sports-related injuries are the major factors driving market growth

Global geriatric population and chronic diseases such as cardiovascular diseases, diabetes, and other diseases are the major factors driving the market growth. The geriatric population naturally develops multiple health problems and other issues which require surgeries. As per a report released in 2015 by the World Health Organization (WHO), the global geriatric population will reach 2.1 billion by the year 2050. Post-surgery the most lucrative option for quick healing of incision or other openings is the usage of sealants as due to old skin the healing process becomes extremely slow making stitches not viable. In addition, rising cases of cardiovascular diseases, diabetes, and other diseases are also causing a major surge in surgeries that require opening up of the body. According to an updated report from the World Health Organization (WHO) from September 2019, more than 17 million people die annually due to cardiovascular diseases, making it the number one cause of deaths worldwide. Owing to high risks involved stitches and staples are usually not the most optimal option and surgeons often opt to use sealants. Sealants help in the quick recovery of the target part and ensure that no leakage occurs. Further, growing sports-related injuries and other physical activities are also increasing demand for surgical sealants and adhesives. All these factors are positively impacting the demand for surgical sealants and adhesives and helping the market to grow.

High costs of sealants is the major factor hampering the market growth

The major factor negatively impacting the market growth is the high costs of surgical sealants and adhesives and strict regulatory approvals. While traditional methods such as stitches and staples are usually low priced the surgical sealants are high priced, owing to which patients often choose the traditional methods.

Growing cosmetic surgeries and rising demand for non-invasive techniques to create lucrative market opportunities

The growing cosmetic surgeries across the globe may offer lucrative opportunities for the growth of the global surgical sealent and adhesive market. As per a report by the American Association for the Advancement of Science (AAAS) from March 2019, approximately 17.7 million minimally-invasive and surgical cosmetic procedures were performed in the U.S. during 2018. These surgeries are usually carried out on the visible body parts and these procedures require surgical sealants extensively. Since the traditional methods can leave a life-long mark or imprint on the part of the body where incision or the opening was made, it is highly recommended to use surgical sealants for cosmetic surgeries. Further, a rise in non-invasive techniques owing to reduced post-surgery complications, reduction in chances of contracting diseases, and quick recovery is also creating a huge growth opportunity. All these factors are positively impacting market growth and creating huge growth opportunities during the forecast period.

Surgical Sealants and Adhesives Market, by Product:

Natural/biological surgical sealants & adhesives to be the most lucrative till 2027

Natural/biological surgical sealants & adhesives segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. Natural/biological surgical sealants & adhesives offer benefits like reduced immune response, in vivo degradability, and superior biocompatibility. Further, they find wide applications in cardiovascular, thoracic, neuro, reconstructive, and orthopedic surgeries. Owing to multiple benefits and wide applications, the demand for natural/biological surgical sealants & adhesives is growing majorly.

Surgical Sealants and Adhesives Market, by Indication:

Tissue engineering segment to register maximum growth

Tissue engineering segment is anticipated to register maximum growth in the surgical sealants and adhesives market during the forecast period. Massively increasing cosmetic and tissue regeneration surgeries is the major factor propelling the market growth. Further, growing cases of injuries and burn marks across the globe is also driving the market growth.

Surgical Sealants and Adhesives Market, by Application:

Cardiovascular surgeries segment to grow significantly

The cardiovascular surgeries segment is expected to grow significantly in the surgical sealants and adhesives market during the forecast timeframe. Cardiovascular surgeries require extensive incisions and opening up of chest cavity, which require closing up of opened cavities in order to ensure that there is no leakage. According to an updated report from the World Health Organization (WHO) from September 2019, more than 17 million people die annually due to cardiovascular diseases, making it the number one cause of deaths worldwide. Owing to majorly growing patients across the globe the demand for surgical sealants and adhesives is increasing massively.

Surgical Sealants and Adhesives Market, by Region:

North America region to hold the largest market share

North America region is anticipated to hold the largest market share in the surgical sealants and adhesives market during the forecast period. Robust healthcare infrastructure, rising cosmetic surgeries, growing patients of chronic diseases, and increased investments towards research and development activities are propelling the market growth. Further, the presence of key players and early adoption of modern surgical methods is fueling the market growth.

Asia-Pacific region to grow exponentially

Asia-Pacific region is expected to grow exponentially in the surgical sealants and adhesives market during the forecast period. Growing geriatric population, rising general surgeries, increasing patients of cardiovascular diseases and diabetes, and increased investments toward the development of the healthcare sector are driving the market growth. Further, growing consumer spending on medical care and non-invasive techniques is also boosting the market growth in the region.

Key Participants in the Global Surgical Sealants and Adhesives Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Source: Research Dive Analysis

Some of the significant surgical sealants and adhesives market players include B. Braun Melsungen AG, CryoLife, Inc., BD., Baxter International Inc., Medtronic, CSL Limited, Sanofi, Johnson & Johnson Services Inc., Ocular Therapeutix Inc., and Sealantis Ltd.

Surgical sealants and adhesives market players are emphasizing more on merger & acquisition and advanced product development. These are the various strategies implemented by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.

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