Tissue Sealants and Tissue Adhesives Market Size (2023 - 2030)

In  2022, the Global Tissue Sealants and Tissue Adhesives Market was valued at $2.3 billion, and is projected to reach a market size of $4.38 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 8.4%.

The Tissue Sealants and Tissue Adhesives market is a rapidly growing segment of the global healthcare industry, driven by advancements in medical technology, an aging population, and an increasing prevalence of chronic diseases. 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. Despite challenges posed by the COVID-19 pandemic, the Tissue Sealants and Tissue Adhesives market is projected to continue to grow in the coming years, driven by increasing demand for advanced medical solutions and rising healthcare expenditure.

Industry Overview:

Tissue sealants and tissue adhesives are medical devices used to close or seal surgical incisions, wounds, or injuries. They are used to replace traditional sutures or staples & offer advantages such as reduced surgical time, improved healing, & reduced scarring. The tissue sealants and tissue adhesives market is driven by the gaining number of surgical procedures, growing adoption of minimally invasive surgeries, and rising prevalence of chronic diseases. The market is also witnessing a shift towards biological and synthetic products that offer better adhesion, biocompatibility, and cost-effectiveness. However, the high cost of these products and the risk of infections and other adverse events associated with their use are some of the major challenges faced by the industry. The tissue sealants and tissue adhesives market is projected to grow in the coming years due to increasing demand from emerging markets, advancements in technology, and a growing preference for natural and biodegradable products.

COVID-19 impact on the Tissue Sealants and Tissue Adhesives Market:

The COVID-19 pandemic has had a mixed impact on the tissue sealants and tissue adhesives market. On the one hand, there has been an increased demand for tissue sealants and adhesives for use in surgeries related to COVID-19, such as respiratory surgeries and other critical care procedures. On the other hand, the pandemic has caused a decrease in elective surgeries & other non-essential medical procedures, which has led to a decrease in demand for tissue sealants and adhesives in those areas. The pandemic has also caused disruptions in the supply chain and manufacturing of tissue sealants and adhesives, leading to temporary shortages and delays in production and distribution. However, many companies in the market have responded by increasing their production capacity and improving their supply chain management to meet the increased demand and ensure a steady supply of these products. Overall, while the pandemic has caused some challenges for the tissue sealants and adhesives market, it is projected to continue to grow in the coming years due to the increasing prevalence of chronic diseases and the growing adoption of minimally invasive surgical procedures.

Market Drivers:

Increasing demand for minimally invasive surgeries helps to drive market growth:-

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 growing preference for minimally invasive surgeries is projected to drive the demand for tissue sealants and tissue adhesives in the market.

Rising incidence of chronic diseases and surgeries helps to drive the market growth:-

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 time required for wound healing. This factor is projected to drive the growth of the tissue sealants and tissue adhesives market.

Market Restraints:

The Tissue Sealants and Tissue Adhesives Market's growth is being stifled by High cost of tissue sealants and tissue adhesives:

The cost of tissue sealants and tissue adhesives is relatively higher than traditional wound closure methods such as sutures & staples. This can hinder the growth of the market, especially in developing countries where cost is a major concern.

The Tissue Sealants and Tissue Adhesives Market's growth is being hampered by Stringent regulatory policies:

​​​​​​The tissue sealants and tissue adhesives market is highly regulated by various government bodies. The lengthy & expensive regulatory approval process can lead to delayed product launches and higher costs, which can be a major restraint for market growth.

TISSUE SEALANTS AND TISSUE ADHESIVES MARKET REPORT COVERAGE:

Market Segments:

This research report on the global Tissue Sealants and Tissue Adhesives Market has been segmented based on Product Type, End-Use Industry, Application, and Region.

Tissue Sealants and Tissue Adhesives Market—By Type

• Natural Tissue Sealants and Adhesives

• Synthetic Tissue Sealants and Adhesives

Natural tissue sealants and adhesives segment is projected to witness important growth due to their biocompatibility and effectiveness in wound closure and tissue bonding. 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. The demand for fibrin-based natural tissue sealants and adhesives is increasing as they are widely used in various surgical procedures. 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 focusing on evolving advanced tissue sealants and adhesives with improved performance, biocompatibility, and safety to meet the growing demand from the healthcare industry.

Tissue Sealants and Tissue Adhesives Market – End-use Industry

• Hospitals and Clinics

• Ambulatory Surgical Centers (ASCs)

• Others

Hospitals and clinics are the major end-users of tissue sealants and tissue adhesives due to the gaining number of surgical procedures & trauma cases worldwide. Ambulatory surgical centers (ASCs) are also witnessing significant growth in demand for tissue sealants and tissue adhesives due to their convenience and cost-effectiveness. Additionally, the rise in outpatient surgeries and the growing trend towards minimally invasive surgeries are driving the demand for tissue sealants and tissue adhesives in ASCs. Other end-users of tissue sealants and tissue adhesives include research institutes and academic centers. However, the COVID-19 pandemic has significantly impacted the overall demand for tissue sealants and tissue adhesives across all end-users due to the disruptions in the healthcare industry.

Tissue Sealants and Tissue Adhesives Market – Application

• Surgical Procedures

• Trauma Care

• Others

The surgical procedures segment held the largest share in the Tissue Sealants and Tissue Adhesives Market owing to the increasing adoption of these products in surgical procedures. These products are used to prevent bleeding, reduce the chances of infection, and to promote quick healing of wounds. The trauma care segment is projected to grow at a significant CAGR during the forecast period. The increasing cases of road accidents and sports injuries are driving the demand for tissue sealants and tissue adhesives in the trauma care segment. The others segment includes dental surgeries, veterinary surgeries, and ophthalmic surgeries. The increasing number of dental surgeries and ophthalmic surgeries, along with the growing demand for animal healthcare, is projected to drive the growth of this segment.

Tissue Sealants and Tissue Adhesives Market – By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

North America, is projected to dominate the global market due to the high prevalence of chronic diseases, increasing surgical procedures, & the presence of leading market players. Europe is driven by the increasing aging population, rising incidence of chronic diseases, and advancements in healthcare infrastructure. Asia-Pacific is projected to witness the highest growth rate during the forecast period, owing to the increasing awareness about tissue sealants and adhesives, rising healthcare expenditure, and growing demand for minimally invasive surgical procedures.

Major Key Players in the Market:

1. Baxter International Inc.
2. B. Braun Melsungen AG
3. Cohera Medical, Inc.
4. CryoLife Inc.
5. CSL Limited
6. Johnson & Johnson
7. Medtronic plc
8. Ocular Therapeutix, Inc.
9. Pfizer Inc.
10. Sealantis Ltd.

Market Insights and Developments:

• In January 2021, the US FDA granted approval to a novel bio-adhesive product used for internal wound closure during surgery. The product is projected to offer a safe & effective alternative to traditional surgical adhesives, and is likely to witness increased adoption in the market.
• In June 2020, a major player in the Tissue Sealants and Tissue Adhesives Market declared the launch of a new surgical sealant product designed for use in various surgical procedures. The product is projected to offer superior performance and ease of use, thereby driving market growth.