Surgical Glue Market Forecast and CAGR
According to the latest research by Fact.MR, the surgical glue market is set to witness steady growth during 2021-2031. Demand for this glue will witness steady recovery in short term as expenditure on the health care sector is increasing after the pandemic, with an optimistic growth outlook in the long run. Demand from the healthcare and pharmaceuticals sector is expected to increase during the forecast period.
What is Driving Demand for Surgical Glue?
With the increasing demand for this glue in the market. A healthy living environment and fresh fruits availability are a story of the past nowadays as most of the farmers are growing vegetables and fruits with fertilizers and many harsh chemicals. Poor living lifestyles and poor eating habits are increasing the demands for hospitals, medicines, and other basic health necessities.
It has natural adhesives and sealants and is expected to grow at a moderate CAGR. Covid-19 positively impacted the healthcare sector as the demand increased and the healthcare expenditure by governments increased. This boosted the demand and there is a positive outlook for this glue during the forecast period.
Health problems are increasing rapidly and the general human lifestyle is degrading with fast foods, alcohol, and various other reasons. It has plentiful application as it has unique advantages over many other types of glues. The health care sector is under immense pressure during the pandemic. Hospitals are a ray of hope to get well after suffering from an illness. It has a strong demand from numerous cardiovascular diseases surgeries being performed, which results in improved sales.
Innovation in materials used in surgical glue is increasing applications in various other sectors. Diseases are increasing so the surgeries of different body parts are also increasing which magnifies the demand for this glue. Medical science is evolving which leads to different surgeries of different body parts being performed from time to time, which in turn, leads to more sales of this glue.
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Health Care Sector Likely to Augment Synthetic Surgical Glue Sales
Synthetic glue demand is expected to increase as its use is increasing in different surgeries. User-friendliness and safe application of synthetic glues in surgeries is increasing the demand for synthetic glue.
Cyanoacrylates are expected to grow at a much higher rate as their demand is continuously increasing in many regions. The health care sector will further boost the demand for glue sales as people will start visiting hospitals for regular checkups. The number of surgeries would increase which will directly increase the sales of Synthetic surgical glue during the forecast period.
The US Surgical Glue Market Outlook
The US is experiencing a strong demand outlook from many hospitals for surgical glue. The US has the best medical infrastructure and demand is likely to rise as health issues are increasing rapidly. The US has vaccinated most of the population and even masks are not necessary at many places in the U.S. which shows the economy has started to revive back to normal.
The United States has one of the biggest healthcare industry in the world and due to that, the use of these glues is high in the country. The surgeries performed in the US has increased tremendously over the past few years, owing to the top class medical infrastructure present in the country.
This is anticipated to remain consistent throughout the forecast period. This in turn positively impact the sales, which finds application in these surgeries. Owing to the above mentioned factors, the demand for these glues are supposed to remain steady throughout the forecast period.
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Europe Demand Outlook for Surgical Glue Market
Europe has a developed economy with an adequate health infrastructure to meet the demands of its citizens. It is sold by both online and offline platforms to hospitals in Europe.
In Russia, the demand for such glues is increasing as the healthcare expenditure by the government has increased. Growth in demand for surgeries has increased tremendously, in turn drives the sales of this glue due to its various advantages over its peers.
Besides, in Germany, the manufacturers are increasing their production capacity as demand is increasing from the hospitals present in the country. This shows a positive outlook for these glue sales during the forecast period.
Who are the Key Manufacturers and Suppliers of Surgical Glue Market?
Some of the leading manufacturers and suppliers of the market are
- Braun Melsungen
- Cardinal Health
- Johnson & Johnson
- OptMed Inc.
- Advanced Medical Solutions Group plc
- Integra LifeSciences
Many leading manufacturers and suppliers have longstanding contracts with end-users which help the manufacturers and suppliers mutually.
Many top manufactures are expanding both organically and inorganically. The demand for the this glue market will increase as healthcare spending by various governments are increasing. Top manufacturers are collaborating with leading raw material manufacturers to make economical surgical glue.
For instance, Baxter, a major player has completed the acquisition of Recothrom and preveleak to increase its product portfolio a few years ago. Such initiatives adopted by the players, enable it to remain competitive and improve its overall geographical reach.
An Adaptive Approach to Modern-day Research Needs
Surgical Glue Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Natural Adhesives and Sealants
- Fibrin Sealants
- Collagen-based Adhesives
- Gelatin-based Adhesives
- Synthetic & Semi-synthetic Adhesives and Sealants
- Polyurethane-based Adhesives
- Tissue Sealing
- Cardiovascular Surgery
- Plastic Surgery
- Liver & Spleen Lacerations
- Orthopedic Surgery
- Burn Bleeding
- Wound Management
- General Surgery
- Ambulatory Surgical Centers
- Specialty Clinics
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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