Global Surgical Glue Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Surgical Glue Market report has been segmented on the basis of product type, application, end-user, and region.
Global Surgical Glue Market: Overview
“The Surgical Glue Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Closure of wounds is frequently needed to promote wound healing. Surgical glue is a special type of medical glue which is used for closing wounds. In addition, it forms a protective waterproof covering over the wound.
Global Surgical Glue Market: Dynamics
Growing surgical procedure cases across the globe coupled with rising demand for prevention of blood loss in patients are major factors driving the growth of the global surgical glue market.
According to the American Society for Aesthetic Plastic Surgery report 2017, Surgical procedures were up 11% in 2017 as compared to the previous year
In addition, higher healthcare expenditure, development of medical facilities, and the launch of new technological advent medical products are some other factors propelling the growth of the global market.
However, high cost and safety issues such as skin infections and allergic reactions are factors expected to hamper the growth of the global market.
According to the American Society for Aesthetic Plastic Surgery report 2017, surgical procedures accounted for approximately 77% of the total expenditures in 2017 and nonsurgical procedures accounted for approximately 23%.
Global Surgical Glue Market: Segment Analysis
On the basis of product type, the natural product type segment is expected to dominate the target market in terms of market share and is projected to maintain its share over the forecast period.
On the basis of applications, the cosmetic surgery segment is expected to register the highest CAGR in the near future, owing to an increase in healthcare expenditure for cosmetic surgeries and growing awareness regarding personal care.
Global Surgical Glue Market: Trends
The major trend identified in the target market is the growing R&D activities and collaboration of various research institutes and companies, for the launch and development of novel and technologically advent products.
For instance, in October 2017, researchers from the University of Sydney - an Australian public research university, and the US collaborated, to develop the lifesaving surgical glue – MeTro – best for sealing wounds in human body tissues.
Global Surgical Glue Market: Regional Analysis
In 2018, the market in North America is estimated to account for a major revenue share and is expected to lucrative growth over the forecast period.
Asia Pacific market is anticipated to witness the fastest growth over the next ten years.
This is primarily attributed to the development of e products that offers quicker sealing, hemostasis, or closure for general wound applications that are useful for internal and external use.
Global Surgical Glue Market Segmentation:
Segmentation by product type:
- Synthetic and Semi-Synthetic
- Polymeric Hydrogel
- Urethane-based Adhesive
Segmentation by application:
- Cardiovascular Surgery
- Orthopedic Surgery
- General Surgery
- Cosmetic Surgery
- Pulmonary Surgery
- Central Nervous System Surgery
- Other Applications (include Dental etc.)
Segmentation by end-user:
- Ambulatory Surgical Centers
- Others (include research laboratories, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Advanced Medical Solutions Group PLC
- Braun Medical Inc.
- Baxter International Inc.
- Medtronic PLC
- Cohera Medical Inc.
- CryoLife Inc.
- Arch Therapeutics Inc.
- Adhesys Medical GmbH
- Lifebond Machines Pvt Ltd.
- Integra LifeSciences Holdings Corporation
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