The global surgical glue market size is expected to reach USD 8.93 Billion in 2028 and register a revenue CAGR of 8.1% 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.
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.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviors are shifting in a variety of ways, from the growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are:
Braun Medical Inc, Medtronic PLC, Advanced Medical Solutions Group PLC, Baxter International Inc, Cohera Medical Inc, CryoLife Inc., Adhesys Medical GmbH, Integra LifeSciences Holdings Corporation, Arch Therapeutics Inc, and Lifebond Machines Pvt. Ltd.
Products Outlook (Revenue, USD Billion; 2020 – 2028)
- Natural or Biological Adhesives and Sealants
- Fibrin Sealants
- Collagen Based Adhesives
- Gelatin-Based Adhesives
- Synthetic and Semi-Synthetic Adhesives and Sealants
- Cyanoacrylates
- Polymeric Hydrogels
- Urethane Based Adhesives
Indication Outlook (Revenue, USD Billion; 2020 – 2028)
- Hemostasis
- Tissue Sealing
Application Outlook (Revenue, USD Billion; 2020 – 2028)
- Cardiac surgery
- Pulmonary surgery
- Vascular surgery
- Liver and spleen lacerations
- Orthopedic surgery
- Burn bleeding
- Plastic surgery
- Wound management
- Neurosurgery
- General surgery
- Others (eye, urological, gynecological surgeries)
End-Use Outlook (Revenue, USD Billion; 2020 – 2028)
- Hospitals
- Ambulatory surgical centers
- Specialty Clinics
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
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Major Points covered in this report are as below:
• The Surgical Glue industry development trends and marketing channels are analyzed. The feasibility of new investment projects is assessed and overall research conclusions are offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes, and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue, and gross margins.
• The Surgical Glue Market report provides key statistics on the market status of the Surgical Glue manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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