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Market Research Report

Global Surgical Glue Market Size, Share - Segmented by Product Type (Natural and Synthetic and Semi Synthetic), Application, End User, and Geography - Growth, Trends, and Forecast (2018-2023)

Published by Mordor Intelligence LLP Product code 708647
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Global Surgical Glue Market Size, Share - Segmented by Product Type (Natural and Synthetic and Semi Synthetic), Application, End User, and Geography - Growth, Trends, and Forecast (2018-2023)
Published: September 1, 2018 Content info: 107 Pages
Description

The surgical glue market is expected to record a CAGR of 10.2% over the forecast period. The factor that contributes to the growth of the global surgical glue market is the rising number of traumatic injuries. The market growth is also majorly driven by the rise in the number of surgical procedures and burn cases, along with increasing incidences of road accidents, globally.

Growing Number of Surgical Procedures Boosts the Growth of the Surgical Glue Market

The rising health awareness and high prevalence of the diseases (such as skin diseases, cancer, heart diseases, and respiratory diseases) have increased the opportunities for the surgeries. According to the World Bank, in 2015, the number of surgical procedures per 100,000 people in Brazil was found to be 13,940. At the same time, the number of procedures per 100,000 people was 2,732 in China in 2012 and was 1,303 in Mexico in 2015. Therefore, the improvement in healthcare facilities in developed and developing economies is likely to contribute to the surgical glue market growth in the upcoming years.

The other driving factors also include improving healthcare infrastructure, increasing healthcare spending, and rising need to prevent blood loss in patients.

Side Effects Associated with Surgical Glue Helps to Restrain the Growth of the Surgical Glue Market

Surgical glues are generally safe and are considered an effective method to close skin wounds, when appropriate wounds are selected and the skin glue is applied accurately. However, apart from the effectiveness, there are side effects associated with tissue glues/adhesives, which include sensation of mild heat at the time the glue is applied and an increased risk of wounds re-opening, as compared to the use of sutures. If the surgical glue is applied to the sub-dermal layers, it may cause a foreign body reaction, which can cause chronic pain and inflammation. Fibrin sealant side effects include prion disease, antibody formation, allergic reaction, and swelling. Hence, all of these side effects have contributed in restraining the surgical glue market.

The other factor also includes increasing minimally invasive procedures, which may negatively affect the market.

North America Dominates the Surgical Glue Market

North America is anticipated to continue being the largest-growing surgical glue market in the coming years. The factors that have contributed in the growth include the increasing investments in R&D of medical adhesives and their several applications in different surgeries performed in the region. Furthermore, Asia-Pacific is also expected to be the fastest-growing region, due to the growing development of clinical specialty, application-specific product formulation, and all-purpose products that provide faster sealing, hemostasis, or closure for general wound applications in internal and external use.

Key Developments in the Surgical Glue Market:

Jan 2018: Sealantis received CE Marking for Seal-G® Surgical Sealant for GI procedures.

Surgical Glue Market Major Players:

  • Advanced Medical Solutions Group PLC
  • B. Braun Medical Inc.
  • Baxter International Inc.
  • Sealantis
  • Cohera Medical Inc.
  • CryoLife Inc
  • Arch Therapeutics Inc.
  • Adhesys Medical
  • LifeBond

Reasons to Purchase the Surgical Glue Market Report:

  • Current and future global surgical glue market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter's five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Surgical Glue Market Report:

This report can be customized to meet your requirements. Please connect with our representative, who will ensure that you get a report that suits your needs.

Table of Contents
Product Code: 64190

Table of Contents

1. Introduction

  • 1.1. Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

  • 5.1. Current Market Scenario
  • 5.2. Porter's Five Forces Analysis
    • 5.2.1. Bargaining Power of Suppliers
    • 5.2.2. Bargaining Power of Consumers
    • 5.2.3. Threat of New Entrants
    • 5.2.4. Threat of Substitute Product and Services
    • 5.2.5. Competitive Rivalry Within the Industry

6. Market Dynamics

  • 6.1. Surgical Glue Market Drivers
    • 6.1.1. Improving Healthcare Infrastructure and Increasing Healthcare Spending
    • 6.1.2. Rising Need to Prevent Blood Loss in Patients
    • 6.1.3. Growing Number Of Surgical Procedures
  • 6.2. Surgical Glue Market Restraints
    • 6.2.1. Increasing Minimally Invasive Procedures
    • 6.2.2. Side Effects Associated with Surgical Glue
  • 6.3. Surgical Glue Market Opportunities
  • 6.4. Surgical Glue Market Key Challenges

7. Market Segmentation

  • 7.1. Surgical Glue Market By Product Type
    • 7.1.1. Natural
      • 7.1.1.1. Fibrin
      • 7.1.1.2. Collagen
      • 7.1.1.3. Gelatin
    • 7.1.2. Synthetic and Semi Synthetic
      • 7.1.2.1. Cyanoacrylate
      • 7.1.2.2. Polymeric Hydrogel
      • 7.1.2.3. Urethane-based Adhesive
  • 7.2. BSurgical Glue Market y Application
    • 7.2.1. Cardiovascular Surgery
    • 7.2.2. Orthopedic Surgery
    • 7.2.3. General Surgery
    • 7.2.4. Cosmetic Surgery
    • 7.2.5. Pulmonary Surgery
    • 7.2.6. Central Nervous System Surgery
    • 7.2.7. Other Applications
  • 7.3. Surgical Glue Market By End User
    • 7.3.1. Hospital
    • 7.3.2. Ambulatory Surgical Center
    • 7.3.3. Specialty Clinic
    • 7.3.4. Other End Users
  • 7.4. Surgical Glue Market By Geography
    • 7.4.1. North America
      • 7.4.1.1. United States
      • 7.4.1.2. Canada
      • 7.4.1.3. Mexico
    • 7.4.2. Europe
      • 7.4.2.1. France
      • 7.4.2.2. Germany
      • 7.4.2.3. United Kingdom
      • 7.4.2.4. Italy
      • 7.4.2.5. Spain
      • 7.4.2.6. Rest of Europe
    • 7.4.3. Asia-Pacific
      • 7.4.3.1. China
      • 7.4.3.2. Japan
      • 7.4.3.3. India
      • 7.4.3.4. Australia
      • 7.4.3.5. South Korea
      • 7.4.3.6. Rest of Asia-Pacific
    • 7.4.4. Middle East & Africa
      • 7.4.4.1. GCC
      • 7.4.4.2. South Africa
      • 7.4.4.3. Rest of Middle East & Africa
    • 7.4.5. South America
      • 7.4.5.1. Brazil
      • 7.4.5.2. Argentina
      • 7.4.5.3. Rest of South America

8. Surgical Glue Market Company Profiles and Competitive Landscape

  • 8.1. Advanced Medical Solutions Group PLC
  • 8.2. B. Braun Medical Inc.
  • 8.3. Baxter International Inc.
  • 8.4. Sealantis
  • 8.5. Cohera Medical Inc.
  • 8.6. CryoLife Inc.
  • 8.7. Arch Therapeutics Inc.
  • 8.8. Adhesys Medical
  • 8.9. LifeBond

List Not Exhaustive

9. Future of the Surgical Glue Market

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