Surgical Sealants & Adhesives Market 2020 – Revenue Status & Forecast Report 2026

An extensive study of the product application and services conducted by subject matter experts assessing the Surgical Sealants & Adhesives market will help product owners to make a wise decision.

According to the current analysis of Reports and Data, the global Surgical Sealants & Adhesives Market was valued at USD 2.26 billion in 2018 and is expected to reach USD 4.69 billion by year 2026, at a CAGR of 9.5 percent. The study covers different types of natural and synthetic sealants and adhesives used in surgical procedures. The rise in the number of surgical procedures across the world is due to various reasons such as, the increase in the diseases which potential risks to the human. The medical practices have been advanced and surgical procedures involve sealants and adhesives which is the increasing choice around the world as these helps in the ease of the complex surgical practices. As the medical practices and healthcare systems are advancing the need for more research and development activities also becomes necessary and therefore, the government in many countries took initiatives and increase the funding’s towards the healthcare system. With the increase in population, the need for better and advanced medical procedures will also increase.

Factors such as the elevated price of surgical procedures as well as machinery and tools will hamper the market growth of the business for surgical sealants and adhesives. Also, absence of knowledge of the society's latest surgical procedures will also hamper the development of surgical sealants and adhesives on the market.

This report covers the recent COVID-19 incidence and its impact on Surgical Sealants & Adhesives Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Key participants include CryoLife, Inc., B. Braun Melsungen AG, Integra Lifesciences Holdings Corporation, Ethicon Inc., Baxter International, Inc., C. R. Bard, Inc., Medtronic PLC, Johnson & Johnson, Cohera Medical, and Sanofi Group

For the purpose of this report, Reports and Data has segmented the global surgical sealants & adhesives market on the basis of type, applications, indication, end use, and region:

By Type (Revenue in USD Million; Volume in Tons, 2016–2026)
• Fibrin
• Collagen Based
• Cyanoacrylates
• Polymeric Hydrogels
• Others

By Applications (Revenue in USD Million; Volume in Tons, 2016–2026)
• Central Nervous System
• Orthopedic
• Cardiovascular
• General Surgery
• Other Applications

By Indication (Revenue in USD Million; Volume in Tons, 2016–2026)
• Surgical Hemostasis
• Tissue Engineering
• Tissue Sealing

By End Use (Revenue in USD Million; Volume in Tons, 2016–2026)
• Hospitals
• Clinics
• Others

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By Regional Outlook (Revenue in USD Million; Volume in Tons, 2016–2026)
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
• Surgical sealants & adhesives market is growing at a CAGR of 9% in Asia Pacific followed by North America and Europe, with 9.7% and 9.6% CAGR, respectively. Increasing number of surgical procedure across the globe is the key factor to accelerate the market growth during forecast period across all regions
• As of 2018, Central nervous system is the dominating surgical sealants & adhesives application which holds 29% of the global market. North America market is the chief revenue generating source for this product segment, followed by Asia-Pacific and Europe regions
• Hospitals end use segment is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 10.0%. However, availability of expert surgeons are major challenge for the market growth of this market segment
• Other Applications segment (that includes Pulmonary, Urology, Ophthalmology, Cosmetics) was valued at USD 293.5 million and is expected reach USD 617.25 million by 2026
• The risks associated with the surgeries such as infection of wound or bleeding and the complex procedures in some surgical procedures may hinder the market growth during the forecast period.

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