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2022

Surgical Sealants and Adhesives Market

Surgical Sealants and Adhesives Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Indication and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030

LS : Healthcare

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Author's: Divyani Talekar| Swapna Singh | Roshan Deshmukh
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Surgical Sealants and Adhesives Market Statistics 2030:

The surgical sealants and adhesives market size was valued at $2699.2 million in 2020, and is estimated to reach $5,165.2 million by 2030, growing at a CAGR of 6.7% from 2021 to 2030. Surgical sealant & adhesive are instruments used in surgical procedures. Clamps are useful for gripping, dissecting, occluding, and retracting. They are of different types such as hemostat clamps, aortic vascular clamp, bulldog forceps, and needle holders. These clamps are mostly used to hold or grasp tissue or blood vessels during surgery. Hemostat is a small ratchet-locking clamp that is designed to grasp blood vessels before cutting. It may be curved or straight which is advantageous for fine dissection around the vessels. Hemostatic forceps look like scissors

Growth of the global surgical sealants and adhesives market is majorly driven by increase in number of surgeries such as cosmetic surgery, laparoscopic surgery, and cardiac surgery; rise in in various cancer types that led to perform surgical procedures; and development of new surgical instruments by large number of key players. According to the International Osteoporosis Foundation, in 2019, approximately 200 million people were affected by osteoporosis related fractures across the globe. Thus, rise in burden of orthopedic disorders increases the demand for surgical sealants & adhesives to reduce surgical injuries, which is anticipated to foster the growth of the market. Furthermore, rise in geriatric population led to various types of diseases and increase in number of road accidents led to surge in surgical procedures are the factors that fuel the growth of the market. 

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According to the World Health Organization, in 2019, approximately 235 million major surgical procedures were performed across the globe. According to the National Cancer Statistics, in 2020, there were 1,806,590 new cases of cancer in the U.S. Therefore, surge in number of surgeries can be attributed to the increase in geriatric population who are more prone to having cardiac disorders. This is anticipated to boost the growth of the market. According to the American Society of Plastic Surgeons, 15.6 million cosmetic surgeries were performed in 2020. Furthermore, increase in number of product approvals provide lucrative opportunities for the expansion of the global surgical sealants and adhesives market during the forecast period.

Impact of COVID-19 Pandemic on Surgical sealants and adhesives market (Pre & Post Analysis)

The COVID-19 outbreak is anticipated to have a positive impact to fuel the growth of the global surgical sealants and adhesives market. According to the National Library of Medicine, in 2020, there were 1,307 cases of bariatric surgery reported in India. Out of which 78% were performed before 31 March 2020 and 276 were performed after April 1, 2020. There were 87 patients found to be positive who underwent bariatric surgery. Thus, rise in number of bariatric surgery has increased the usage of surgical sealants & adhesives during surgical procedure, drive the market during the forecast period. Thus, new innovations by key players and rise in number of product approvals propel the growth of the market. However, high cost associated with surgical sealants products restrict the market growth during the forecast period.

Surgical Sealants and Adhesives Market Segmentation

The surgical sealants and adhesives market is segmented on the basis of type, indication application, and region. By type, the market is categorized into natural biological sealants & adhesives and synthetic and semi-synthetic sealants & adhesives. 

On the basis of indication, it is divided into tissue sealing & hemostasis and tissue engineering. On the basis of application, it is divided into central nervous system, general surgeries, cardiovascular surgeries, cosmetic surgeries, orthopedic surgeries, ophthalmic surgeries, urological surgeries , pulmonary surgeries, and others.

Region wise, the surgical sealants and adhesives market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Depending on type, the natural biological sealants and adhesives segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical & medical device industry, rise in demand for use in surgical procedure, and surge in adoption of surgical instruments. However, the synthetic and semi-synthetic sealants and adhesives segment is expected to witness considerable growth during the forecast period, owing to increase in number of surgeries and rise in number of key players for development of surgical sealants and adhesives market in the pharmaceutical industry.

Surgical Sealants and Adhesives Market
By Product Type
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Natural Biological Selants & Adhesives segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

By indication, the tissue sealing and hemostasis segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in number of cosmetic surgeries, rise in number of cardiac disorders, and increase in demand surgical sealants & adhesives to reduce surgical injuries. However, the tissue engineering segment is expected to witness considerable growth during the forecast period, due to increase in number of cardiovascular disorders, rise in use during surgical procedure, and development of new surgical products in the hospital.

By application, the cardiovascular surgeries segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in number of laparoscopic surgeries, rise in number of cardiac disorders, and increase in demand for surgical sealants and adhesives market or performing surgeries. However, the central nervous system segment is expected to witness considerable growth during the forecast period due to increase in number of vascular surgeries, rise in use of surgical sealants and adhesives during surgical procedure, and development of new surgical instruments.

Surgical Sealants and Adhesives Market
By Indication
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Tissue Selaing & Hemostatis segment is projected as one of the most lucrative segment.

Region wise, North America garnered the major share in the surgical sealants and adhesives market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in number of surgeries, presence of key players, development of the healthcare sector, and presence of new innovative surgical sealants & adhesives products in the region. However, Asia-Pacific is expected to register the highest CAGR of XX% from 2021 to 2030, owing to increase in prevalence of orthopedic diseases led to increase number of surgeries and development of healthcare infrastructure.

The key players that operate in the global surgical sealants and adhesives market include Baxter International Inc., B.Braun Melsungen AG, Becton Dickinson & Company, Cryolife Inc., CSL Ltd., Johnson & Johnson, Integra Life Sciences, Occular Therapeutix Inc., Sanofi, and Sealeantis.

Surgical Sealants and Adhesives Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 6.7% during the forecast period.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the surgical sealants and adhesives market, and the current trends & future estimations to elucidate imminent investment pockets.
  • It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing surgical sealants and adhesives market opportunities.
  • Extensive analysis of the surgical sealants and adhesives market based on procedures and services assists to understand the trends in the industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the surgical sealants and adhesives market.

Surgical Sealants and Adhesives Market Report Highlights

Aspects Details
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By PRODUCT
  • Natural/biological surgical sealants and adhesives
    • Polypeptide/protein-based sealants and adhesives
      • Fibrin based
      • Collagen based
      • Gelatin based
      • Albumin based
    • Polysaccharide-based sealants and adhesives
      • Chitosan based
      • Other polysaccharide based
    • Natural/biological sealants and adhesives, by origin
      • Human blood based
      • Animal based
      • Plant based
  • Synthetic & semisynthetic sealants and adhesives
    • Cyanoacrylates
    • Polyethylene glycol-based hydrogel
    • Urethane-based adhesives
    • Other synthetic sealants and adhesives
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By APPLICATION
  • Central nervous system (CNS) surgeries
  • General surgeries
  • Cardiovascular surgeries
  • Orthopedic surgeries
  • Cosmetic surgeries
  • Ophthalmic surgeries
  • Urological surgeries
  • Pulmonary surgeries
  • Others
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By INDICATION
  • Tissue sealing & hemostasis
  • Tissue engineering
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

.CSL Limited, Sanofi, Baxter International, Becton & Dickinson, Ocular Therapeutix Inc., Sealantis Ltd., CryoLife, Inc., B. Braun Melsungen AG, Integra Lifesciences Corporation, Johnson & Johnson

Analyst Review

This section provides opinions of top level CXOs in the surgical sealants & adhesives market. According to the insights of CXOs, increase in number of cosmetic surgeries, cardiac surgeries, laparoscopic surgeries, and vascular surgeries and advancements in new device launches are all attributed to propel growth of the surgical sealants & adhesives market.

CXOs further added, improvement in consumer awareness, increase in demand for preventive healthcare services, rise in demand for healthcare services from overall population, and new advancements are predicted to broaden surgical sealants & adhesives clinical applications and increase the number of product approvals. Furthermore, emergency use of surgical sealants & adhesives to reduce surgical injuries contributes toward growth of the market.

The market gains interest of healthcare companies, owing to focus on preventive facilities provided to patients who are undergoing critical pulmonary surgeries, which are more complex than other health conditions. This leads to increase in utilization of surgical sealants & adhesives, driving the growth of the market.

North America is expected to witness highest growth, in terms of revenue, owing to rise in geriatric population, presence of key players, and advancements in healthcare investments. Asia-Pacific was the second largest contributor to the market in 2020 and is expected to register fastest CAGR during the forecast period, owing to increase in number of cosmetic surgeries and unmet needs from advanced surgical sealants & adhesives devices. However, product recalls by the food and drug administration restrain the market growth during the forecast period.

 

 

Author Name(s) : Divyani Talekar| Swapna Singh | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Surgical Sealants & Adhesives market is $2,699.2 million in 2020.

The forecast period for Surgical Sealants & Adhesives market is 2021 to 2030

The market value of Surgical Sealants & Adhesives market in 2021 is $2,885.5 million.

The base year is 2020 in Surgical Sealants & Adhesives market

Top companies such as Baxter International Inc., B.Braun Melsungen AG, Becton Dickinson & Company, Cryolife Inc., CSL Ltd., Johnson & Johnson, Integra Life Sciences, Occular Therapeutix Inc., Sanofi, and Sealeantis held a high market position in 2020.

Accessories and Disposables segment dominated the global market in 2020, and expected to continue this trend throughout the forecast period due to the technological advancements and new product launch and thus is expected to drive the segment

Increase in number of surgeries and advanced infrastructure for research & development and investments in healthcare is anticipated to drive the market in the forecast period.

North America is projected to account for a major share of the global Surgical Sealants & Adhesives market during the forecast period. U.S. dominated the North America rise in investments for newSurgical Sealants & Adhesives system launch in the R & D sector due to presence of key players across the country.

Surgical sealant is a device, which is used during a surgery to prevent surgical complications such as air and fluid leaks

Adhesives and sealants are used during surgical procedures to reinforce surgical wounds, repair injured tissues, or even replace common suturing techniques

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Surgical Sealants and Adhesives Market

Global Opportunity Analysis and Industry Forecast, 2021-2030