Global surgical sealants and adhesives market is expected to grow at a rapid pace with the CAGR of approximately 9.8% during the forecasted period of 2016-2023. Sutures and staples are traditional adhesives which are expected to be replaced by surgical sealants and adhesives due to various benefits such as to reduced blood loss and less pain during the surgery.
Surgical sealants and adhesives reduce blood loss of patients and rise in number of surgical procedures across the globe are the driving factors that is fueling the growth of surgical sealants and adhesives market. Tissel is a type of sealants additive that is used as a supplementary for homeostasis in bypass surgery and for the treatment of splenic injuries. Quixil is a category of sealants that is used to stop the flow of blood and to stop bleeding after operation.
Based on market segmentation, the global surgical sealants and adhesives market is segmented in product type, origin, and based on application. Based on product, it is further categorized in natural and biological adhesives and sealants. on the basis of origin, it is further categorized in human blood based, animal based, synthetic and semi synthetic adhesives and sealants, cyanoacrylates, polymeric hydro gels, urethane based adhesives. On the basis of application, it is categorized in orthopedic surgery, central nervous system surgery, cardiovascular surgery, general surgery, cosmetic surgery, ophthalmic surgery, urological surgery, pulmonary surgery, and other applications.
On the basis of geographical segmentation, the global surgical sealants and adhesives market has been segmented into Asia-Pacific, North America, Europe, and Rest of the world. North America is the market leader with highest market share due to presence of major player such as Johnson & Johnson and Medtronic, PLC. These companies are providing natural and synthetic Sealants and adhesives products which are used in bypass surgery to stop the flow of blood that is fueling the growth of global surgical sealants and adhesives market. Some of the factors which are responsible for the rapid growth of surgical sealants and adhesives market are use of modern equipment and availability of high quality healthcare services and people in this region has given more preference to surgical care.
Baxter International, Inc., Johnson & Johnson (Ethicon, Inc.), Medtronic, PLC, Inc., C.R. Bard, Inc., Sanofi Group, B. Braun Melsungen AG, Cohera Medical, Inc., Ocular Therapeutix, Inc., Vivostat A/S, CryoLife, Inc., C.R. Bard, Inc., B. Braun Melsungen AG, Cohera Medical, Inc., Becton Dickinson, Mallinckrodt PLC, Cardinal Health, and Integra Life Sciences Holdings Corporation are some of the key players of global surgical sealants and adhesives market. Becton Dickinson is an American company in the field of medical technology that has wide range of products such as medical devices and reagents. Under the strategic initiatives, Becton Dickinson announced that it had acquired C.R. Bard for $24 billion in April 2017.