Surgical Sealants and Adhesives Market by Product, Indication, Application - Global Forecast to 2021

Friday, March 10, 2017 Research News
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NEW YORK, March 9, 2017 /PRNewswire/ -- The global surgical sealants and adhesives market is estimated to grow at a CAGR

of 9.6% from 2016 to 2021, to reach USD 2.96 billion by 2021 from USD 1.87 billion in 2016. The growth of this market is mainly attributed to rising need to manage blood loss in patients, growth
in the number of surgeries, rising geriatric population, increasing incidence of trauma, growth in the number of accidents, and growing prevalence & incidence of various disorders such as obesity and CVDs. In addition, the greater uptake of technologically advanced products and growing adoption of surgical sealants and adhesives in the U.S. and Europe (owing to FDA and CE Mark approvals) are responsible for driving the overall growth of this market. Untapped emerging markets such as China and India offer significant growth opportunities.Read the full report: http://www.reportlinker.com/p04764442-summary/view-report.htmlIn this report, the surgical sealants and adhesives market is segmented on the basis of product, indication, application, and region. On the basis of product, the market is segmented into natural/biological sealants and adhesives and synthetic & semi-synthetic sealants and adhesives. The natural/biological sealants and adhesives segment is further divided into type and origin. Based on type, the natural/biological sealants market is segmented into polypeptide/protein-based and polysaccharide-based sealants and adhesives. The polypeptide/protein-based sealants consist of fibrin, gelatin, collagen, and albumin based adhesives, while the polysaccharide-based sealants comprise of chitosan-based and other polysaccharide-based adhesives. On the basis of origin, the natural/biological sealants and adhesives market is segmented into human blood and animal-based adhesives. The animal-based sealants offer the advantages of superior elasticity, better reabsorption and lower toxicity, all of which have resulted in their increased adoption driving their growth during the forecast period.The synthetic and semi-synthetic sealants and adhesives market is segmented into cyanoacrylates, polyethylene glycol hydrogels, urethane-based adhesives, and other synthetic adhesives. Polyethylene glycol-based hydrogels accounted for the largest share of the market in 2015 due to factors such as rapid gel formation, high adhesion, biocompatibility, and low inflammatory response.On the basis of indication, the surgical sealants and adhesives market is segmented into surgical hemostasis, tissue sealing, and tissue engineering. The tissue engineering segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing number of cosmetic surgeries, increasing cases of skin injuries, growing incidence of burn injuries, and growing need of tissue regeneration in case of traumatic injuries. Based on application, the surgical sealants and adhesives market is segmented into CNS, general, cardiovascular, orthopedic, cosmetic, urological, pulmonary, ophthalmic surgeries, and other applications. The cardiovascular surgeries accounted for the largest share of the market in 2015 due to the rising incidence of cardiovascular disorders owing to obesity and related lifestyle disorders.Geographically, the global surgical sealants and adhesives market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded a major share of the surgical sealants and adhesives market. This can be mainly attributed to the growth in the number of FDA approvals for surgical sealants, operations of leading players in this region, and the presence of a large number of well-equipped hospitals. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Factors such as growing focus of key market players on emerging APAC countries, rising demand for surgical interventions, rising number of cosmetic surgeries in this region are driving the growth of this market. Moreover, the growing rate of adoption of advanced medical products owing to rising demand for quality healthcare in this region is aiding the market growth.Some of the prominent players in the surgical sealants and adhesives market include Baxter International, Inc. (U.S.), Johnson & Johnson (Ethicon, Inc.; U.S.), Medtronic plc (U.S.), CryoLife, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Sanofi Group (France), B. Braun Melsungen AG (Germany), Cohera Medical, Inc. (U.S.), Ocular Therapuetix, Inc. (U.S.), Vivostat A/S (Denmark), and Sealantis, Ltd. (Israel).Research Coverage:The focus of this report is on providing quantitative information for clients seeking market size information on various segments of the surgical sealants and adhesives market. It provides the current and forecast assessment of the global surgical sealants and adhesives market. The surgical sealants and adhesives market is segmented on the basis of product, indication, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies. Reasons to buy the report: The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.The report provides insights on the following pointers:- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the surgical sealants and adhesives market. The report analyzes the surgical sealants and adhesives market by product, indication, application, and region- Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the surgical sealants and adhesives market- Market Development: Comprehensive information about lucrative emerging markets by product and region- Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the surgical sealants and adhesives market- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the surgical sealants and adhesives marketRead the full report: http://www.reportlinker.com/p04764442-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com __________________________Contact Clare: [email protected]US: (339)-368-6001Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/surgical-sealants-and-adhesives-market-by-product-indication-application---global-forecast-to-2021-300421578.html

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