Surgical Sealants & Adhesives Market - Forecast(2024 - 2030)

Report Code: HCR 0578 Report Format: PDF + Excel

Surgical Sealants & Adhesives Market Overview

The Surgical Sealants & Adhesives market was valued at $2.1 Billion in the year 2020. The market is poised to grow at a CAGR of 8.1% over the forecast period of 2021-2026. Surgical Sealants & adhesives are of primary need post any surgery in consideration. Post any surgery, the surgeon is required to seal the operated area to prevent bleeding and contamination in form of air and water from the outer surroundings. Accidents, rising chronic ailments, and the increase of geriatric populations amongst the world population-creates a demand for the use of adhesives. A polypeptide is one of the active adhesives used because of its property to bind amino acids, which helps in making protein layers. Polysaccharide-based adhesives have promised a bright future for the adhesive industry. It is precisely used in ophthalmic surgery owing to seal the wounds around the cornea of the eye. Cyanoacrylate is a type of biodegradable adhesive offers better results post-cosmetic surgery. It polymerizes the tissues as soon as they encounter it. Infectious diseases can be controlled using cyanoacrylates, as it provides a reduction in percutaneous injuries. PEG Hydrogels are another used adhesive owing to the characteristics such as solubility, non-toxicity, and low immunogenicity. Polyethylene Glycol Polymer is another form of glue that is used post-surgery to close wounds. Owing to better inventions in the field of surgical sealants & adhesives, the industry is positioned on an optimistic path.

Report Coverage

The report: Surgical Sealants & Adhesives Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Surgical Sealants & Adhesives Market.

By Products- Natural or Biological Sealants and Adhesives - Collagen Based Adhesives, Gelatin Based Adhesives, Fibrin Sealant & Synthetic and Semi Synthetic Adhesives- Cyanoacrylates, Polymeric Hydrogels, Polyethylene Glycol Polymer, Other Synthetic and Semi-synthetic Adhesives.
By Application- General Surgery, Dental Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Orthopedic Surgery, and Others.
By End User- Hospitals, Clinics and Others.
By Geography- - North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

    • North America held the dominant share in the market for 2020 owing to robust medical infrastructure and reimbursement facilities post operations.
    • COVID-19 created a dip in the demand for the adhesives market owing to low operations in the year 2020 as COVID restrictions were high- across the medical verticals. 
    • Strength, Weaknesses, Opportunities, and Threats will be provided in our premium report.
    • The invention of technologies relying on biodegradable material will help the market in developing. 

    Revenue share by Geography- 2020

    Revenue share by Geography- 2020

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    Surgical Sealants & Adhesives Market Segment Analysis - By Application

    The Surgical Sealants & Adhesives Market can be segmented into six main subcategories- General Surgery, Dental Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Orthopedic Surgery, and others. General Surgery dominated the market segment in the year 2020. It is owing to the coverage of surgeries a general surgeon can provide. For example, a general surgeon can help in treating hernia, hemorrhoids, colonoscopy, breast surgery, and even assist in the removal of the appendix or the gall bladder. Of the listed operations- Hernia is accounted as one of the highly performed surgeries in the U.S. As per the statistics provided by US FDA, around 1 million people are affected by a hernia in the region. Of which 800,000 are inguinal hernias.

    The segment of general surgery will continue to follow the same trajectory in the forecast period of 2021-2026 and grow at the swiftest CAGR of 8.4%. It is estimated that the cases of hernia are found in people who age above 65 or as known as Geriatric Population. As per WHO, the geriatric population is growing at a faster rate than the younger, and by 2036 the geriatric population will overtake the young population. Owing to these statistics, cases of hernias are supposed to accumulate at a swifter rate. Since most of the hernia require surgical procedures, the surgical sealants & adhesives market will get benefitted.

    Surgical Sealants & Adhesives Market Segment Analysis - By End User

    The surgical sealants & adhesives market can be bifurcated based on end-users in two sub-classes- Hospitals and Clinics. Hospitals held a dominant share of the end-user segment in the year 2020. It is owing to the complexities and the emergency facilities available at a hospital. Cases of surgeries for appendicitis are only known to the patient when the pain shoots, and since the patients are unsure of the cause- they rush to their nearby hospitals to get treatment. Similar to general surgeons, cases of accidents often require surgical intervention by an orthopedic surgeon or a neurosurgeon. Wounds need to be closed, and if required further surgeries are permitted and performed.

    The segment of hospitals will continue to follow the same trajectory in the forecast period of 2021-2026 and grow at a lucrative CAGR of 8.7%. The rising number of hospitals was an after-effect of the pandemic. Since most of the Asia-Pacific countries such as India, Pakistan, Nepal, and Myanmar have low hospital beds available per 1000, the government has taken reform measures to improve the condition in these regions. For example, the medical infrastructure budget allocation saw a 147% increase in the year 2020 in India. The following will fuel the development of more hospitals, which in turn will aid more surgeries, and hence the market of sealants and adhesive will flourish.

    Surgical Sealants & Adhesives Market Segment Analysis - By Geography

    North America held the dominant share of 35.9% in the year 2020. It is owing to robust medical infrastructure facilities available, and due to a higher government spending per person. As for 2019, the USA spent $11,582 per person. The allocation has been rising for the past decade owing to larger cases of cancer, road accidents, and lately COVID-19. 

    Although the Asia Pacific shows the maximum potential for growth in the coming years. It is owing to the rising disposable income in low- and middle-income countries. As per the health care index, in the top 10 countries, 5 countries belong to the Asia-Pacific region. The countries which were not present in the list, are further gaining momentum due to -better support by healthcare policy providers and infrastructure support by the governments. Like which, hernia surgery can cost $7,750 in the North American region while it only costs close to $1000 in Asia-Pacific countries. The low surgery cost will further fuel the markets for surgical adhesives and sealants in the region.

    Surgical Sealants & Adhesives Market Drivers

    An increase in cases of Caesarean will need to be addressed by the use of Sealants and Adhesives

    The world population is growing in an unprecedented manner. Along with this, the number of caesareans (C-Section) operations is growing. To supplement the driver, as per WHO, 1 in every 5 births which happen around the globe take place via cesarean. The numbers are to follow an upward trajectory, and nearly 29% of all births will take place via the method of cesarean. Hence an increase of 8% over the time period can be noticed. If the trends follow the same momentum, by 2030, Eastern Asia will deliver 63% of babies via C-Section, Latin America along with the Caribbean will deliver 53% of the babies via C-Section, North Africa, Southern Europe, and Oceania will contribute to around 50% of babies via C-Section. A C-Section requires the use of surgical sealants to prevent blood from oozing and causing any secondary infection.

    An increase in the number of fatal road accidents needing the use of surgery will aid the growth of adhesives and surgical sealants

    As per the data shared by US Transport Department, in the year 2019- the fatal car crash amounted to 33,244 who needed immediate surgery and care, and the numbers are 11% higher than in 2013. Similarly, the surgery requirement post-crash is highly prevalent in low- and middle-income countries such as India. India accounted for 4,51,361 which is 4% higher than 2014 who suffered injuries and wounds and needed immediate medical help or surgery to close the wounds. Sealants and Adhesives are used primarily in fatal road accidents as the skin gets ruptured, and the need to stop the blood from coming out of the body is required.

    Surgical Sealants & Adhesives Market Challenges

    Intensive Requirement for Adhesives for launching a new product is restraining the growth of the market

    The underlying problem of using natural compounds such as fibrin is that they lack adhesive strength but are well accepted by the body or have high biocompatibility. Cyanoacrylate based compounds have a higher adhesive strength, but their biodegradability is on the lower end and they further release toxic byproducts while degradation which is inherently bad for the organs and the body. Hence, the market doesn’t have a product that can tick all the marks such as high mechanical properties, cost-effective and highly elastic along with biocompatibility and controlled biodegradability. For these reasons, the surgical sealants, and adhesives market growth can be hampered.

    Surgical Sealants & Adhesives Market Landscape

    The surgical sealants & adhesives market opts for strategies such as product developments, mergers, and acquisitions. The top 10 Companies operating in the surgical sealants & adhesives market is-

    • Baxter International Inc.
    • B. Braun Melsungen AG.
    • Cohera Medical Inc.
    • CryoLife Inc.
    • C.R. Bard Inc.
    • CSL Limited (CSL Behring).
    • Johnson & Johnson (Ethicon, Inc.)
    • Ocular Therapeutic Inc.
    • Sanofi.
    • Sealantis Ltd.

    Product Launch

    • In January 2020, Teruma- A leading pharmaceutical company in Japan extended its market reach beyond Asia- Pacific. The product known as AQUABAIRD, is a sealant used primarily post aortic surgery. The blood loss is immense after such surgeries, and AQUABIRD can help in forming a layer with the skin as it reacts to blood in the following way.

    Relevant Titles

    Fibrin Sealants Market
    Report Code- HCR 0095

    Polyurethane Sealants Market
    Report Code- HCR 80358

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    1. Surgical Sealants & Adhesives Market - Overview
        1.1 Definitions and Scope
    2. Surgical Sealants & Adhesives Market - Executive Summary
        2.1 Market Revenues and Key Trends by Company
        2.2 Key Trends by Products
        2.3 Key Trends by End User
        2.4 Key Trends by Applications
        2.4 Key Trends by Geography
    3. Surgical Sealants & Adhesives Market - Comparative Analysis
        3.1 Product Benchmarking- Key Companies
        3.2 Financial Analysis- Key Companies
        3.3 Market Share Analysis- Key Companies
        3.4 Patent Analysis
        3.5 Pricing Analysis
    4. Surgical Sealants & Adhesives Market - Startup Companies Scenario
        4.1 Key Startup Company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Application Analysis
            4.1.4 Venture Capital and Funding Scenario
    5. Surgical Sealants & Adhesives Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing Business Index
        5.3 Case Studies of Successful Ventures
    6. Surgical Sealants & Adhesives Market - Market Forces
        6.1 Market Drivers
        6.2 Market Constraints
        6.3 Porter Five Forces Model
            6.3.1 Bargaining Power of Suppliers
            6.3.2 Bargaining Power of Customers
            6.3.3 Threat of New Entrants
            6.3.4 Rivalry among existing players
            6.3.5 Threat of Substitutes
    7. Surgical Sealants & Adhesives Market - Strategic Analysis
        7.1 Value- Chain Analysis
        7.2 Opportunities Analysis
        7.3 Market Life Cycle
    8. Surgical Sealants & Adhesives Market -By Products (Market Size- $Million/$Billion)
        8.1 Natural or Biological Sealants and Adhesives 
            8.1.1 Fibrin Sealant
            8.1.2 Gelatin Based Adhesives
            8.1.3 Collagen Based Adhesives
        8.2 Synthetic and Semi Synthetic Adhesives
            8.2.1 Cyanoacrylates
            8.2.2 Polymeric Hydrogels
            8.2.3 Polyethylene Glycol Polymer
            8.2.4 Other Synthetic and Semi-synthetic Adhesives
    9. Surgical Sealants & Adhesives Market - By End User (Market Size- $Million/$Billion)
        9.1 Hospitals
        9.2 Clinics
        9.3 Others
    10. Surgical Sealants & Adhesives Market – By Application (Market Size- $Million/$Billion)
        10.1 General Surgery
        10.2 Dental Surgery
        10.3 Cardiovascular Surgery
        10.4 Cosmetic Surgery
        10.5 Neurosurgery
        10.6 Orthopedic Surgery
        10.7 Others
    11. Surgical Sealants & Adhesives Market - By Geography (Market Size- $Million/$Billion)
        11.1 North America
            11.1.1 U.S.
            11.1.2 Mexico
            11.1.3 Canada
        11.2 Europe
            11.2.1 U.K.
            11.2.2 France
            11.2.3 Germany
            11.2.4 Italy
            11.2.5 Spain
            11.2.6 Russia
            11.2.7 Rest of Europe
        11.3 Asia Pacific
            11.3.1 China
            11.3.2 India
            11.3.3 Japan
            11.3.4 South Korea
            11.3.5 Australia & New Zealand
            11.3.6 Rest of Asia Pacific
        11.4 South America
            11.4.1 Brazil
            11.4.2 Argentina
            11.4.3 Rest of South America
        11.5 Rest of the World
            11.5.1 Middle East
            11.5.2 Africa
    12. Surgical Sealants & Adhesives Market Entropy
    13. Surgical Sealants & Adhesives Market - Industry/ Segment Competition Landscape Premium
        13.1 Market Share Analysis
        13.1.1 Global Market Share- Key Companies
        13.1.2 Market Share by Region- Key Companies
        13.1.3 Market Share by Country- Key Companies
        13.1.4 Best Practices for Companies
    14. Surgical Sealants & Adhesives Market - Key Company List by Country Premium (Premium)
    15. Surgical Sealants & Adhesives Market -Company Analysis
        15.1 Company Revenue, Products, M&A, Developments
        15.2 Company 1
        15.3 Company 2
        15.4 Company 3
        15.5 Company 4
        15.6 Company 5
        15.7 Company 6
        15.8 Company 7
        15.9 Company 8
        15.10 Company 9
        15.10 Company 10 and more