Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
DESCRIPTION The global surgical sealants market is expected to grow at a CAGR of XX.XX% between 2018 and 2023, reaching a total market size of US$XX.XX billion by 2023, increasing from US$XX.XX billion in 2018. Surgical sealants help in the closure of surgical wounds and active bleeding during and post-surgery by using either biologically-derived or synthetic and semi-synthetic sealants. This has replaced the use of sutures and staples which was otherwise a bit painful and may lead to infections too. Increasing demand for minimally-invasive surgeries is one of the driving factors of global surgical sealants market. These sealants also help in the cost reduction as the patients’ recovery time as well as hospital stay is reduced. A new technology named as MeTro surgical glue has recently come up which uses an elastin protein having high elastic property. This glue has a unique characteristic of turning into a gel which helps it in longer retention on the wound, allowing it to heal fasterwithin 60 seconds. This technology has been designed especially to heal surgical closures of the lungs, heart and arteries which are otherwise very difficult and risky to re-open. The MeTro technology is developed by the biomedical engineers from University of Sydney and United States and will be commercialized by Elastagen Pty Ltd. The maximum revenue generation of the Surgical Sealants come from the Americas, while the key players include Baxter International, CryoLife, C.R. Bard, CSL Behring, Cohera Medical and Ethicon (subsidiary of Johnson & Johnson). By Materials By material, Surgical sealants market is segmented as Biological and Synthetic. Biological sealants contain fibrin which serves as a template for accelerated wound healing. On the other hand, synthetic sealants help to stop bleeding during surgeries by activating the blood clotting cascades. Synthetic sealants acquire a larger market share in comparison to its biological counterpart. This is because fibrin-based or other biological sealants are derived from animals or humans and therefore increases the risk of disease transmission. Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
By Applications By application, the surgical sealant market is segmented as Cardiovascular, Pulmonary, Thoracic, Orthopaedic, Reconstructive, Cosmetic, CNS (Central Nervous System), General Surgery, Minimally Invasive (MI) and other surgeries. Out of these, the MI surgeries will account for a significant market share during the forecast period. By Geography Geographically, North America holds the largest market share owing to early adoption of modern technologies and a larger population opting for surgical care. Asia Pacific region will grow at a significant CAGR during the forecast period due to developing healthcare infrastructure in the region. Rising geriatric population and growing cases of road accidents in countries like China and India is augmenting the need for more surgeries, thereby positively impacting the demand for surgical sealants in the region.
Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the Study 1.3. Currency 1.4. Assumptions 1.5. Base, and Forecast years Timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Key Findings of the Study 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Supplies 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Competitive Rivalry in the Industry 4.6. Industry Value Chain Analysis 4.7. MeTro Surgical Glue (a Novel Technology) 5. Global Surgical Sealants Market Forecast by Materials (US$ billion) 5.1. Introduction 5.2. Biological surgical sealants 5.3. Synthetic surgical sealants 6. Global Surgical Sealants Market Forecast by Application (US$ billion) 6.1. Introduction 6.2. Thoracic Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
6.3. Cardiovascular 6.4. Orthopaedic 6.5. Reconstructive Surgeries 7. Global Surgical Sealants Market Forecast by Geography (US$ billion) 7.1. Introduction 7.2. North America 7.3. South America 7.4. Europe 7.5. Middle East and Africa (MEA) 7.6. Asia Pacific (APAC) 8. Competitive Intelligence 8.1. Market Share Analysis 8.2. Strategies of Key Players 8.3. Recent Investment and Deals 9. Company Profiles 9.1.Baxter International 9.1.1. Overview 9.1.2. Financials 9.1.3. Products and Services 9.1.4. Key Developments 9.2. Cohera Medical 9.2.1. Overview 9.2.2. Financials 9.2.3. Products and Services 9.2.4.Key Developments 9.3. C.R. Bard 9.3.1. Overview 9.3.2. Financials 9.3.3. Products and Services 9.3.4. Key Developments 9.4. CryoLife 9.4.1. Overview 9.4.2. Financials Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
9.4.3. Products and Services 9.4.4. Key Developments 9.5. CSL Behring 9.5.1. Overview 9.5.2. Financials 9.5.3. Products and Services 9.5.4. Key Developments 9.6. Ethicon (Subsidiary of Johnson & Johnson) 9.6.1. Overview 9.6.2. Financials 9.6.3. Products and Services 9.6.4. Key Developments List of Tables List of Figures
Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023
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Global Surgical Sealants Market - Industry Trends, Opportunities and Forecasts to 2023