The Global Medical Adhesives and Sealants Market, by Product Type (Synthetic and Natural), by Application (Internal, External and Dental), by End-use Industry (Hospitals, Clinics, Ambulatory Surgical Centers, Dental Clinics, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 6.8 billion in 2016 and is projected to exhibit a CAGR of 7.9% over the forecast period (2017 - 2025), as highlighted in a new report published by Coherent Market Insights. Wide number of applications in surgical procedures and increasing research and development for the production of cost effective products are expected to be the major factors driving growth of the global medical adhesives and sealants market over the forecast period.
The increasing number of surgical procedures and surgical site infection is expected to propel the medical adhesive and sealant market growth. According to the U.S. National Library of Medicine, in 2015, approximately 30% of the wounds are likely to get infected, thereby raising the complications of surgery causing distress, which in turn leads to high cost of treatment. The medical adhesives and sealants are used to reduce postoperative infections, as these adhesive drapes prevent germs from entering the open wound.
Furthermore, tissue adhesives have broad applications in facial plastic surgery and are useful in treatment of soft tissue, which are encountered during facial plastic surgery. The adhesives and sealants offer benefits such as decrease in operation time, decrease in wound healing complications, and decrease in necessity for pressure dressings. The products are clinically accessible to the physicians who perform facial plastic surgery, including skin grafts and endoscopic forehead lift. Moreover, the application of sealants and adhesives for fracture fixation is an alternative in craniofacial surgeries, replacing the screws and plates. The avoidance of drilling holes that weak bones and the ease of application are the major advantages offered by the medical adhesives and sealants.
Browse 35 Market Data Tables and 30 Figures spread through 170 Pages and in-depth TOC on "Medical Adhesives and Sealants Market"- Global Forecast to 2025
Manufacturers are focused on the development of variety of next-generation sealant and adhesive products for better results and cost containment. The synthetic sealants accounted for major R&D investment, owing to its many advantages over other class of sealants such as the elimination of disease transmission and improved sealing strength. For instance, the new product TissuGlu Surgical Adhesive launched by Cohera Medical, Inc. utilizes lysine- derived urethane polymer adhesive, which cure the wound in the presence of moisture. In 2015, TissuGlu Surgical Adhesive was the first FDA approved product for internal use and is used in conjunction with standard anastomotic closure techniques such as sutures or staples.
Key Takeaways of the Medical Adhesives and Sealants Market:
• The global Medical Adhesives and Sealants Market is expected to exhibit a CAGR of 9% over the forecast period, owing to the presence of high potential market especially in Asia Pacific, Latin America, the Middle East, and Africa
• Among product type, synthetic medical adhesives and sealants segment holds a dominant position in the market, as it efficiently reduces infections and scarring
• Among end-use industry, hospitals segment holds a dominant position in the medical adhesives and sealants market, as the products are widely used in the medical post-surgery settings
• Some major players operating in the global medical adhesives and sealants market are Johnson and Johnson, B. Braun Melsungen AG, 3M Company, CryoLife, Inc.,Cyberbond LLC, Ethicon Inc., Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic.
The Bionic Underwater Robot Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacture...
The Biogas Clean-up Systems Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacture...
The Medical Information Interactive Platform Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive lands...
The Automatic Projector Alignment Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsca...
The Infusion Data Management System Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...
The Digital Horse Management App Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The LLC Registered Agent Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Enterprise Communication and Collaboration Platform Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, compet...
The Tidal Power Generation Technology Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, m...
The Embedded Software Outsourcing Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsca...