Surgical sealants and adhesives are a promising alternative to traditional closure techniques—such as sutures, wires, and staples—which have several limitations. For example, they are time-consuming, may cause further tissue trauma, increase the risk of infection, and are difficult to use in some surgical locations. Moreover, none of these techniques create immediate and proper sealing. Surgical sealants and adhesives will potentially replace sutures and staples because of their better closure capabilities, minimized blood loss, faster implementation, and as they facilitate an easy and less painful operation, without the need for removal. They are also used as adjuncts to sutures to prevent air and liquid leakages. The major application areas of surgical sealants and adhesives include the central nervous system, cardiovascular, general surgery, orthopedic, pulmonary, urology ophthalmology, and others (ENT, dental, and trauma).
The global surgical sealants and adhesives market is expected to grow at a steady CAGR of 9.2% during the forecast period (2015 to 2020). The market is mainly driven by the increasing applications of surgical sealants and adhesives, growing need to manage blood loss, greater uptake of technologically advanced products, and increasing regulatory approvals.
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In this report, the market is segmented by product, application, and region. The surgical sealants and adhesives market is broadly split into two product segments—natural or biological and synthetic & semi synthetic sealants and adhesives. The natural or biological sealants and adhesives market accounted for the largest share of approximately 60% of the surgical sealants and adhesives product market in 2014, and is expected to grow at a CAGR of 8.1% during the forecast period of 2015 to 2020. The large share of this segment is mainly due to the wide use and application of fibrin sealants owing to their better biocompatibility, natural clotting mechanism, and wide application range.
The natural or biological sealants and adhesives segment is further segmented on the basis of type and origin. On the basis of type, natural or biological sealants and adhesives are categorized into fibrin sealants, collagen-based, and gelatin-based adhesives. Based on origin, they are categorized into human blood and animal-based sealants and adhesives.
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The synthetic and semi synthetic surgical sealants and adhesives is segmented into cyanoacrylates, polymeric hydro gels, urethane-based adhesives. Polymeric hydrogel-based sealants and adhesives accounted for the largest share of the global synthetic and semi synthetic sealants/adhesives owing to their improved mechanical properties, such as high elasticity.
Based on application, the surgical sealants and adhesives market is segmented into the central nervous system, cardiovascular, general surgery, orthopedic, pulmonary, urology, cosmetic, ophthalmology, and others. The central nervous system segment accounted for ~20% of the surgical sealants and adhesives market in 2014. This is mainly due to the extensive use of surgical sealants and adhesives in nerve and spine surgeries.
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The major players in the surgical sealants and adhesives market are Baxter International, Inc. (U.S.), CryoLife, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Johnson and Johnson (Ethicon, Inc.) (U.S.), Medtronic plc (U.S.), Sanofi Group (France), B. Braun Melsungen AG (Germany), Cohera Medical, Inc. (U.S.), Sealant is (Israel), and Vivostat A/S (Denmark).
In 2014, North America commanded the largest share of the global surgical sealants and adhesives market, followed by Europe, Asia-Pacific, and the RoW. During the forecast period, developed geographic markets such as North America and Europe are likely to grow at a lower CAGR than the Asia-Pacific market. Growth in the Asia-Pacific market is largely driven by the rise in health awareness, growth of aging population, increase in number of surgical procedures, and growth in per capita income.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by top players in the surgical sealants and adhesives market. The report analyzes the surgical sealants and adhesives market by product and by application across all regions
Product Development/Innovation: Detailed insights on upcoming trends, R&D activities, and new product launches in the surgical sealants and adhesives market
Market Development: Comprehensive information on the lucrative emerging markets by product, application, and region
Market Diversification: Exhaustive information about new products, growing regions, recent developments, and investments in the surgical sealants and adhesives market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analyses of leading players in the surgical sealants and adhesives market
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