The global surgical glue market size is expected to reach USD 4.28 Billion in 2030 and register a revenue CAGR of 8.09% over the forecast period, according to a latest report by Reports Data. A major factor driving market revenue growth is the rapid adoption of surgical glue as a substitution of sutures in surgeries.
Government focus on strengthening healthcare industry to provide accessible and affordable health care is expected to positively impact revenue growth of the market over the forecast period. In addition, rising prevalence of cardiovascular diseases (CVDs) and increase in number of open-heart surgeries and trauma are some key factors expected to continue to fuel market growth going ahead.
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Moreover, rising use of surgical glue in surgeries (in place of stitches) to minimize liquid or aid leakage in wounds has been opening up new and more lucrative opportunities for players operating in the global surgical glue market. Further, no requirement of needle sticks or stitches, rapid wound closure and lower rates of infection are some surgical glue benefits that broadens consumer base of the product.
However, high cost of surgical glue, possibility of glue allergy in some cases, and are not favorable in patients having risk of slow wound healing, such as diabetes are the major factors that restrain surgical glue market growth over the forecast period.
Some Key Highlights From The Report:
- On the basis of products, the market report is segmented into natural or biological adhesives and sealants and synthetic and semi-synthetic adhesives and sealants. The natural or biological adhesives and sealants segment accounted for the largest revenue share in 2020 due to superior biocompatibility. This segment is further segmented into fibrin sealants, collagen based adhesives, and gelatin-based adhesives.
- On the basis of indication, the market report is segmented into hemostasis, and tissue sealing. Among these, tissue sealing segment is expected to register a significantly rapid revenue CAGR during the forecast period due to increase in number of cosmetic surgeries.
- On the basis of application, the market report is segmented into cardiac surgery, pulmonary surgery, vascular surgery, liver and spleen lacerations, orthopedic surgery, burn bleeding, plastic surgery, wound management, neurosurgery, general surgery, and others (eye, urological, gynecological surgeries). Among these, plastic surgery segment is projected to register a significant CAGR during the forecast period due to the rise of selfie culture and growing incidence of burn injuries.
- On the basis of end-use, the market report is segmented into hospitals, ambulatory surgical centers, specialty clinics, and others. The hospitals segment is expected to register largest revenue share over the forecast period due to increase in the number of complicated surgeries, such as vascular, pulmonary, and cardiac surgeries.
- Revenue from North America surgical glue market is projected to account for a significantly larger revenue share and dominate other regional markets over the forecast period. This can be attributed to presence of key market players, increasing medical tourism and well developed healthcare infrastructure.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product service portfolio. The Surgical Glue market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
- Cryolife Inc.
- B. Braun Medical Inc.
- Medtronic PLC
- Advanced Medical Solutions Group PLC
- Baxter International Inc.
- Cohera Medical Inc.
- Adhesys Medical GmbH
- Integra LifeSciences Holdings Corporation
- Arch Therapeutics Inc.
- Lifebond Machines Pvt. Ltd
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Surgical Glue Market Segmentation:
Product Type Outlook:
- Synthetic and Semi-Synthetic Adhesives and Sealants
- Cyanoacrylate
- Polymeric Hydrogel
- Urethane-based
- Natural Adhesives and Sealants
- Fibrin
- Collagen
- Gelatin
Application Outlook:
- Cardiovascular Surgery
- Pulmonary Surgery
- Liver and Spleen Lacerations
- Orthopedic Surgery
- Plastic Surgery
- Burn Bleeding
- Wound Healing
- Neurosurgery
- Others
End-use Outlook:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East Africa)
Some essential purposes of the Surgical Glue market research report:
- Vital Developments: Custom investigation provides critical improvements to the Surgical Glue market, including RD, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Surgical Glue market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Surgical Glue market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Surgical Glue market.
- Convincingly, the Surgical Glue report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Surgical Glue market.
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