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"The Global Surgical Glue Market is Estimated to be Valued at US$ 7671.7 Mn By 2028, at a CAGR of 10.6% During the Forecast Period."
The global surgical glue market is growing because of a rise in the accidents caused by the natural calamities and disasters caused by unexpected events. Thus there is an increase in surgical procedures for treating injured and diseases caused to the persons. Globally the surgical glue is in high usage because of the rise in road accidents and natural disasters which require a substantial amount of surgical glue products to treat these persons. Because of such reasons, there is an increase in the opportunities of the surgical glue market. The market has a high demand for surgical glue due to an increased amount of health care institutions growing up worldwide.
There is a substantial growth of surgical glue as per the World Bank which is stimulating the market growth of surgical glue in the industry. Moreover, the global surgical glue market is increasing especially among the developed and developing nations. The customers in developed and developing countries are increasingly spending in health care hugely that could not only contribute to the market growth but also contributes to the health care sector. Organizations are heavily collaborating with Research & Development organizations that could offer them technologically advanced surgical glue materials.
Thus, the market has a huge demand for advanced surgical glue materials that could contribute to the healing of injuries easily and enhance the performance of the medicines at the point of injury. The introduction of novel and advanced surgical materials such as glue is heavily under constant demand causing the industry rapidly growing worldwide. The healthcare industry is also being contributed by the government as well as private institutions imposing several regulations in order to improve the quality of healthcare treatments among customers but also has substantial improvements in the quality of surgical glues.
The healthcare industry has substantial growth in its market share due to increased awareness among customers attributing to the growth of surgical glue offerings. There are certain limitations such as increased allergies and infections caused by the usage of these offerings. But such limitations could be overcome by various advancements in the surgical glue technology which could drastically contribute to a growth in the surgical glue materials.
There is a high rate of blood loss among the patients which could not only reduce the blood loss but also could contribute to the easy healing of the patient's injuries. There is substantial growth for this market because of increased demand for high-end surgical glue that would not only enhance patient recovery but could also improve the health conditions.
Natural Surgical Glue Segment Is Estimated To Lead The Market Of Surgical Glue:
The surgical glue segment is expected to grow globally which is mainly contributed based on two notable segments such as natural and synthetic natural glues. Among these two the natural segment again sub-segmented as a collagen-based compound, fibrin, and gelatine. The synthetic segment is also sub-segmented into cyanoacrylate, glutaraldehyde glue, polysaccharide-based, hydrogel, urethane-based. In 2018, the natural segment has had a moderate demand in the market that is accounted for the healthy growth of the market shares and is projected to reach good market value by 2027. It has a healthy growth rate of CAGR during the forecast period.
Surgical glue market has again segmented depended on special gases type that is majorly dependent on substantial segments including surgical tissue sealing and hemostat among others. In 2019, the surgical hemostat has a good market demand that is projected to have a good market share with a good market value by 2028, at a healthy growth rate of CAGR.
The market for surgical glue has a major contribution to Cardiac surgeries in which these glues are largely applied areas of surgical glue consumption. Moreover, there are other driving factors in the healthcare industry contributing to the huge demand for its market share globally. Increased prevalence of cardiac-related traumas is plunging the market value of surgical glue across the globe which is rapidly expanding its application.
North America Is The Leading Contributor Of Surgical Glue Market During The Forecast Period:
North America has a higher demand that is projected to be consistent in the surge of the surgical glue market share during the forecast period. There are driving forces including the huge investments in the health-care industry by several countries which not only contribute to the plunge in the demand for surgical glues but also has a substantial contribution for the improvement in the quality of the surgical glues as well as rise in the need of surgical glues as per the requirement in the global market place.
Companies that are manufacturing the surgical glue are putting investments into research and development which could substantiate the need for additional medical properties at the time of treatment. Such advancements in the surgical glue products are notably contributing to the health-care industry across the globe. The region is notable for its health care treatments due to its improved standards of medical procedures as well as medical facilities. Patients reach health care facilities in this region for their treatment which is again gaining a prominent market share for surgical glues in this industry.
Thus patients in this region have a high spending power encouraging the highly efficient surgical glue products to be utilized for various treatment procedures. Such as increasing investments in R&D of medical adhesives and their several applications in different surgeries performed in the region that have contributed to market growth. Similarly, Asia-Pacific is also expected to be the fastest-growing region, as a result of the growing improvement of clinical specialty, application-specific product formulation, and all-purpose products that provide faster sealing, hemostasis, or closure for general wound applications in internal and external use.
The market is highly competitive and the companies are adopting different strategies to maintain their position in the market. For instance, Baxter has completed the acquisition of RECOTHROM and PREVELEAK in March 2018, to broaden its surgical portfolio.
The major companies dominating this market are Adhesys Medical, Advanced Medical Solutions, B. Braun, Baxter International, Cardinal Health Inc., CryoLife, Integra LifeSciences Corporation, LifeBond, and Medtronic. Advanced Medical Solutions Group PLC, B. Braun Melsungen AG, Baxter International Inc., C. R. Bard Inc., Cardinal Health Inc., Cohera Medical Inc., CryoLife Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson, Medtronic PLC, and Takeda Pharmaceutical Company Limited.
Key Market Segments of Surgical Glue:
By End Users:
- Ambulatory surgical center
- Natural or Biological Adhesives and Sealants
- Fibrin Sealants
- Collagen Based Adhesives
- Gelatin-Based Adhesives
- Synthetic and Semi-Synthetic Adhesives and Sealants
- Polymeric Hydrogels
- Urethane Based Adhesives
- Cardiac surgery
- Pulmonary surgery
- Vascular surgery
- Liver and spleen lacerations
- North America
- Asia Pacific
- Latin America
- Middle East & Africa