Leeds, UK -- (SBWire) -- 07/09/2019 --The global market of surgical sealants">The global market of surgical sealants and adhesives is forecasted to value over US$ 3.5 billion by the end of 2026 and grow at a CAGR of over 9.3%during the forecast period of 2019-2026.

This study probes deeper into the given statistics and all the factors responsible for it as well as those which affect it in the near future, in reference to the various segmentations and aspects of the product and it's market therefore.

Adhesives and surgical sealants used during medical procedures to fill surgical wounds, rebuild injured tissues, and replace and improve common stitching in medical practices. These products can be used as supplements to sutures to restrict any leakages. These can be manufactured naturally or synthetically, and are used to develop certain three-dimensional networks, which attach to the target tissues and act as adhesives. Sealants have evolved to useful aids in modern surgical procedures and are widely preferred given their efficacy, less stringent regulations, benefit in repairing injured tissues and growing need of quality healthcare.

The most contributing factors in the upsurge of surgical sealants markets are the rise in geriatric population. This refers to the healthcare and well-being of the elderly, and since the healthcare issues are primarily rising in the preceding generation, they seek solutions for the same from the world of medicine. The rise in frequency of chronic diseases, and more awareness towards the advantages of using surgical adhesives also aids in the increase in demand and market growth. The rise in requirement is also owing to the upsurge in demand for tissue regeneration products in case of traumatic & burn injuries and rise in number of cosmetic surgeries. Furthermore, with the number of surgical procedures increasing globally, the adoption of technologically advanced products fuel the market's reach.

To elucidate further, major factors responsible for driving the expanse of the market are the presence of many hospitals, the heightening prevalence of lifestyle diseases such as obesity among the youth thus in such severe cases leading to surgeries. To cater to this multiplying demand, the Asia-Pacific region is predicted to witness the highest growth rate during the forecast period. This can be attributed to the mushroom investments by major players in these regions, rising health awareness, growing per capita income, increasing medical tourism, the presence of less stringent regulations, and growing demand for quality healthcare.

The biological or natural surgical sealants and adhesive agents are preferred over their counterparts and thus more commonly used given that their abundance in availability and thus are inexpensive and sustainable. Fibrin sealants, which come under biological sealants accounted for the largest market share in 2015, as they are used widely in medical practices. These are used in thoracic, cardiovascular, orthopedic, neuro, and reconstructive surgeries. Furthermore, among other sealants, Fibrin is the only adhesive to receive FDA approval, expanding use to all the three categories. Under synthetic sealants, Cyanoacrylates is projected to record rapid growth in the forecast period owing to its quick effect and efficacy. Its strength lies in adhesiveness and mechanical use variability which make it very easy to be adopted into surgical practices worldwide. However, cyanoacrylates are registered to cause harmful side effects like intense inflammation, when exposed to external surfaces other than skin, thus limiting its use to internal surgeries. This limitation hinders its utilisation and slows market growth in this specific aspect.

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The Central Nervous System (CNS) Surgeries accounted for the major biggest market share in the 2016, given the global increase in central nervous system disorders. Sealants are preferred over traditional products such as wires, sutures, and staples in CNF surgeries as traditional sealant methods are difficult to apply in these surgeries. Thus the demand for sealants has increased drastically in CNF surgeries. On the other side, the segment of cardiovascular segments is estimated to soar at the highest growth rate in the forecast period. This is attributed to the increase in cardiovascular surgeries including heart surgeries and transplants has provided opportunity and room for the market's growth.

North America was accounted to enjoy the largest market share in 2015- 2016, and is further expected to hold the same position throughout the forecast period. China is expected to emerge as a main market in the Asia-Pacific region during the forecast period. Asia-Pacific is witnessing the highest CAGR during the analysis period especially India and China. Increasing importance given to surgical care in public health policies in the U.S. is to have a positive effect. Another contributing factor here, is the local presence of major market players.

Global Surgical Sealants and Adhesives Market: Restraints
+ Lack of reimbursements
+ High costs associated with clinical data requirements
+ Relatively lower disposable income

The key players in the global market of surgical sealants and adhesives are Baxter International Inc., B. Braun Melsungen AG, Cohera Medical, Inc. Along with CryoLife Inc., C.R. Bard Inc., CSL Limited (CSL Behring), Johnson & Johnson (Ethicon, Inc.), Ocular Therapeutix Inc., Sanofi, and Sealantis Ltd. Other prominent players in the value chain include Vivostat A/S, Medtronic Plc, Mallinckrodt Plc, Cardinal Health, Integra LifeSciences Holdings Corporation, and LifeBond Ltd. These combine a blend of both huge public and specialized companies focused on a single segment/products. For instance, Cohera Medical, Inc.'s product portfolio focuses only on surgical sealants. The emergence of new players in the local market are expected increase competition. Continuous innovations by older firms help them maintain dominance in the market.

Global Surgical Sealants and Adhesives Market, by Type:
- Biological Sealants
> Type
> Origin
- Synthetic Sealants
- Semi-Synthetic Sealants

Global Surgical Sealants and Adhesives Market, by Application:
- Cardiovascular Surgeries
- Cosmetic Surgeries
- Central Nervous System (CNS) Surgeries
- Pulmonary Surgeries
- Urological Surgeries
- Orthopaedic Surgeries
- Ophthalmic Surgeries
- Other
art bandages surgical wound treatment market.

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Global Surgical Sealants and Adhesives Market, by Indication:
- Tissue Sealing
- Tissue Engineering
- Hemostasis

Global Surgical Sealants and Adhesives Market, by End User:
- Clinics
- Hospitals
- Maternity Centres
- Outpatient Centres

Global Surgical Sealants and Adhesives Market, by Region:
- Europe
- North America
- APAC
- Latin America
- Rest of World

Competitive Landscape:
> Tier 1 players- already established companies in the market who enjoy major market share
> Tier 2 players -Emerging players which are growing rapidly
> New Entrants

FutureWise Takeaways
> Growth prospects
> SWOT analysis
> Key Trends
> Key data points affecting market growth

Objectives of the Study:
> To provide with an exhaustive analysis on the global surgical sealant and adhesives market on basis of product, application, indication, end-user and region.
> To gather comprehensive information on factors impacting the market growth (drivers, restraints, opportunities, and industry-specific restraints)
> To evaluate and forecast micro-markets and overall markets
> To predict market size, in five key regions (along with the countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
> To record, evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
> Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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