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(Medical-NewsWire.com, October 12, 2017 ) According to the report North America Surgical Sealants and Adhesives Market, published by Market Data Forecast, the Market size was approximately USD 750 million in 2016. It is estimated to grow at a CAGR of 9.5% to reach USD 1.18 billion by 2021. It is the largest market worldwide capturing a market share of 40%.
Substances that block the passage of blood and fluids after any surgical procedure are called surgical sealants. Traditional techniques use sutures, wires and staples and so the surgical sealants are developing as an alternative for that. It is because of decreased blood loss, no need for removal, better closure capabilities and less painful.
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Growing use of surgical sealants and adhesives, increasing number of surgical procedures, minimally invasive gimmick, reduction in blood loss and technological advancements are the primary factors driving the growth of this market.
Lack of reimbursements and to add to that the costly clinical data requirements for product approval are the major restraints of this market.
The North America Surgical Sealants and Adhesives market can be categorized into three categories: by product, by indication and by application. On the basis of product, North America Surgical Sealants and Adhesives market is classified into Natural/Biological Sealants and Adhesives and Synthetic and Semi-Synthetic Sealants and Adhesives. Natural/Biological Sealants and Adhesives is further segmented into type and origin. By type it is categorized into Polypeptide/Protein-based Sealants and Adhesives (Fibrin-based Adhesives, Gelatine-based Adhesives, Collagen-based Adhesives and Albumin-based Adhesives) and Polysaccharide-based Sealants and Adhesives (Polysaccharide-based Sealants and Adhesives and Other Polysaccharide-based Adhesives). By Origin it sub-segmented into Human Blood-based and Animal-based.
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Further, Synthetic and Semi-Synthetic Sealants and Adhesives has been categorized into Cyanoacrylates, Polyethylene glycol Hydrogels, Urethane-based Adhesives and Other Synthetic Adhesives. In the polypeptide sealants and adhesives category, the fibrin-based adhesives commanded the largest market share because of the wide range of applications of these sealants in surgical areas for example, cardiac, spleen surgeries, liver, colonic anastomosis, and seroma prevention after soft tissue dissections. Furthermore, the gelatine-based adhesives category is estimated to grow at the highest CAGR during the aforementioned forecast period because of their tensile strength, high elasticity and high-adhesive. Moreover, on the basis of indication, the market is segmented into Surgical Haemostasis, Tissue Sealing and Tissue Engineering. In addition, on the basis of application the market can be categorized into Central Nervous System (CNS) Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopaedic Surgeries, Cosmetic Surgeries, Urological Surgeries, Pulmonary Surgeries, Ophthalmic Surgeries and Other Applications.
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By geography, the North America Surgical Sealants and Adhesives market has been categorized into US and Canada. Presently, North America accounts for the largest market share. US is the leading market in the region. General Surgery is the biggest market segment in North America. Major companies in this market have their headquarters in US which is the primary cause of the observable trend stated above. Secondary factors include modern medical technology, high quality healthcare and rising importance of surgical care in the public health policies in the U.S.
U.S.), CryoLife, Inc. (U.S.), Johnson & Johnson (Ethicon, Inc., Baxter International, Inc. (U.S.), and C.R. Bard, Inc. (U.S.) held the key share of the surgical sealants and adhesives market and are likely continue to dominate the market between 2016 and 2021. Some of the primary players operating in this market are Cohera Medical, Inc. (U.S.), Ocular Therapuetix, Inc. (U.S.), Vivostat A/S (Denmark), and Sealantis Ltd. (Israel), Medtronic plc (U.S.), Sanofi Group (France), B. Braun Melsungen AG (Germany).
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