Medical Adhesives and Sealants Market to Surpass US$ 13.3 Billion Threshold by 2025 Globally with the Rise in Research & Development - Coherent Market Insights

Published On : Oct 30, 2017

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 development of variety of next-generation sealants and adhesive products that are more efficient and cost-effective. The improved sealing strength and the ability to eliminate disease transmission is the major factor responsible for major R&D investment in the synthetic sealants segment. For instance, TissuGlu Surgical Adhesive— launched by Cohera Medical, Inc. — utilizes lysine- derived urethane polymer adhesive that aids in treatment of wounds in 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:

  • The global Medical Adhesives and Sealants Market is expected to exhibit a CAGR of 9% over the forecast period, owing to the presence of high potential market especially in Asia Pacific, Latin America, the Middle East, and Africa
  • Among product type, synthetic medical adhesives and sealants segment holds a dominant position in the market, as it efficiently reduces infections and scarring
  • Among end-use industry, hospitals segment holds a dominant position in the medical adhesives and sealants market, as the products are widely used in the medical post-surgery settings
  • Some major players operating in the global medical adhesives and sealants market are Johnson and Johnson, B. Braun Melsungen AG, 3M Company, CryoLife, Inc.,Cyberbond LLC, Ethicon Inc., Baxter International Inc., Bostik Ltd., Henkel AG & Company, and Medtronic.

About Coherent Market Insights:

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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