Tissue Sealant and Tissue Adhesive Market Analysis (2023 - 2030)
As per our research report, the global tissue sealant and tissue adhesive market is to grow at 10.4% CAGR from an estimated worth of $3.41 Billion in 2022 to a projected $7.53 Billion in 2030.
Tissue sealants and adhesives are used in a wide range of medical procedures to promote tissue healing, reduce bleeding and the risk of infection, and minimize scarring. With ongoing research and development, new and innovative products are continuously being introduced into the market, creating new opportunities for growth and expansion. The Covid-19 pandemic caused a decrease in demand for elective surgeries and non–essential medical procedures and it also disrupted supply chains and manufacturing of tissue sealants and adhesives which lead to temporary shortages and delays in production and distribution. But tissue sealants and tissue adhesive were also used in Covid-19 related surgeries such as respiratory surgeries and other critical care procedures which increased its demand to which the companies in the market have responded by increasing their production capacity and improving the supply chain to meet the requirements of the increasing demand and maintain the steady supply of these products. Overall, the pandemic has had a mixed impact on tissue sealants and tissue adhesives but it is projected to grow in the coming years due to the increasing prevalence of chronic illness and adoption of minimally invasive surgical procedures.
The use of tissue sealants and tissue adhesives is increasing in minimally invasive surgeries as they reduce the need for conventional sutures & staples, resulting in reduced blood loss, scarring, and shorter hospital stays. The incidence of chronic diseases such as cancer, cardiovascular diseases, & obesity is increasing, directing to a rise in the number of surgeries performed. The demand for tissue sealants and tissue adhesives is increasing due to their effectiveness in reducing bleeding and the time required for wound healing.
However, the cost of tissue sealants and tissue adhesives is relatively higher than traditional wound closure methods such as sutures & staples, the market is highly regulated by various government bodies which makes the approval process to be lengthy and expensive. These factors can hinder the growth of the market especially in the poor and developing countries where the cost is the major concern.
KEY MARKET INSIGHTS:
- Based on type, natural tissue sealants, and adhesive have dominated the market and is still projected to witness important growth due to their biocompatibility and effectiveness in wound closure and tissue bonding. The synthetic tissue sealants and adhesives segment is also growing due to their ability to supply better control over the curing time and strength of bonding. Synthetic tissue sealants and adhesives based on cyanoacrylate, polyethylene glycol, and other materials are gaining popularity due to their quick action and strong bonding properties. Companies are investing heavily in adhesives and sealants’ performance, biocompatibility, and safety to meet the growing demand of the healthcare industry.
- Based on End-Use Industry, hospitals, and clinics dominate the market in tissue sealants and adhesives, as surgical procedures are increasing tremendously worldwide. Ambulatory surgical centers (ASCs) are also witnessing a significant increase in demand as the rise of outpatient surgeries and the growing trend towards minimally invasive surgeries are driving the demand for tissue sealants and tissue adhesives. Other end-users of tissue sealants and tissue adhesives include research institutes and academic centers. Covid-19 has increased the demand for sealants and adhesives immensely.
- By application, surgical procedures have held the largest share in the tissue sealant and tissue adhesive market owing to the o increasing adoption of this technique in surgeries. These products are highly in demand in this sector as it is used to prevent bleeding, reduce chances of infection, and promote quick healing. The trauma segment also shows a significant growth in CAGR during the forecast period due to the increase in sports injuries, road accidents, and other kind of emergencies. The other segment includes dental surgeries, veterinary surgeries, and ophthalmic surgeries which also show a promising increase in the market.
- By Region, North America is projected to hold the major share of global markets during the forecast period due to the high prevalence of chronic diseases, increasing surgical procedures, & the presence of leading market players. Europe is projected for the second largest share in the global markets due to its increasing aging population, rising incidents of chronic disease, and advancement in the healthcare sector. This is followed by Asia-Pacific which is projected to show the highest growth rate.
- Companies playing a leading role in global tissue sealant and tissue adhesive markets profiled in this report are Baxter International Inc., B. Braun Melsungen AG, Cohera Medical, Inc., CryoLife Inc. CSL Limited, Johnson & Johnson, Medtronic plc, Ocular Therapeutix, Inc., Pfizer Inc., Sealantis Ltd.
Market Segmentation:
By Type:
- Natural Tissue Sealants and Adhesives
- Synthetic Tissue Sealants and Adhesives
By End-Use Industry:
- Hospitals and Clinics
- Ambulatory Surgical Centers (ASCs)
- Others
By Application:
- Surgical Procedures
- Trauma Care
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
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