The Global Medical Adhesives and Sealants Market, by Product Type (Synthetic and Natural), by Application (Internal, External and Dental), by End-use Industry (Hospitals, Clinics, Ambulatory Surgical Centers, Dental Clinics, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 6.8 billion in 2016 and is projected to exhibit a CAGR of 7.9% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. Wide number of applications in surgical procedures and increasing research and development for the production of cost effective products are expected to be the major factors driving growth of the global medical adhesives and sealants market over the forecast period.
The increasing number of surgical procedures and surgical site infection is expected to propel the medical adhesive and sealant market growth. According to the U.S. National Library of Medicine, in 2015, approximately 30% of the wounds are likely to get infected, thereby raising the complications of surgery causing distress, which in turn leads to high cost of treatment. The medical adhesives and sealants are used to reduce postoperative infections, as these adhesive drapes prevent germs from entering the open wound.
Furthermore, tissue adhesives have broad applications in facial plastic surgery and are useful in treatment of soft tissue, which are encountered during facial plastic surgery. The adhesives and sealants offer benefits such as decrease in operation time, decrease in wound healing complications, and decrease in necessity for pressure dressings. The products are clinically accessible to the physicians who perform facial plastic surgery, including skin grafts and endoscopic forehead lift. Moreover, the application of sealants and adhesives for fracture fixation is an alternative in craniofacial surgeries, replacing the screws and plates. The avoidance of drilling holes that weak bones and the ease of application are the major advantages offered by the medical adhesives and sealants.
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Manufacturers are focused on the development of variety of next-generation sealant and adhesive products for better results and cost containment. The synthetic sealants accounted for major R&D investment, owing to its many advantages over other class of sealants such as the elimination of disease transmission and improved sealing strength. For instance, the new product TissuGlu Surgical Adhesive launched by Cohera Medical, Inc. utilizes lysine- derived urethane polymer adhesive, which cure the wound in the presence of moisture. In 2015, TissuGlu Surgical Adhesive was the first FDA approved product for internal use and is used in conjunction with standard anastomotic closure techniques such as sutures or staples.
Key Takeaways of the Medical Adhesives and Sealants Market:
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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