Report Ocean recently released a research report on the Surgical Glue Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global surgical glue market size was US$ 5.2 billion in 2020. The global surgical glue market is forecast to reach the value of US$ 13.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2021-2030.
Surgical glue is used to treat traumatic injuries to avoid fluid leakage. The product is also known as surgical adhesive and sealants.
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Factors Influencing
The adoption of surgical glues is forecast to increase because of properties like cost-effectiveness and fast recovery. Moreover, the easy availability of surgical glues is forecast to fuel market growth in the coming years.
The growing healthcare expenditure and favorable government initiatives would create promising opportunities for the market players in the global surgical glue market.
Rising cases of accidents, mostly in developing countries, are forecast to fuel the market growth in the coming years.
The unavailability of efficient surgical glues may hamper the market growth during the analysis period.
The different requirements from the end-users may propel the growth of the R&D activities to develop efficient solutions. As a result, it would accelerate market growth.
Geographic Overview
Regionally, North America holds the largest revenue share in the global surgical glue market. The increasing demand for surgical glues, growing healthcare expenditure, government initiatives, and increasing spending on healthcare are all forecasts to propel the region’s growth in the global surgical glue market.
Moreover, the increasing demand for tissue-friendly surgical glues may increase opportunities for the market players to grow in the region. The report by TMC Innovation Institute indicates that around 30 million accidents are registered in the United States yearly. With the growing number of cases, the demand for surgeries and surgical glues would ultimately increase.
The Asia Pacific region is forecast to observe rapid growth due to the increasing advancement of clinical specialty products. Moreover, the developing population of elderly people, rising demand for surgical interventions, and government initiatives to improve healthcare infrastructure are all contributing to the market growth.
COVID-19 Impact Analysis
The demand for surgical glues decreased as the healthcare sectors postponed or canceled the surgery cases. Healthcare bodies were all focused on treating the COVID-19 affected patients. Thus, the demand for surgical glues declined rapidly. Moreover, as the economies begin to grow again, the demand for surgical glues would increase rapidly. Due to the COVID-19 pandemic, governments are focusing on enhancing the healthcare sector. Thus, the market players would witness various opportunities.
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Competitors in the Market
- B. Braun Melsungen AG
- Baxter International Inc.
- Advanced Medical Solutions Group PLC
- C. R. Bard Inc.
- Cardinal Health Inc.
- CryoLife Inc.
- Integra LifeSciences Holdings Corporation
- Cohera Medical Inc.
- Takeda Pharmaceutical Company Limited
- Johnson & Johnson, Medtronic PLC
- Other prominent players
Market Segmentation
By Product Type
- Natural
- Fibrin
- Collagen
- Gelatin
- Synthetic and Semi-Synthetic
- Cyanoacrylate
- Polymeric Hydrogel
- Urethane-based Adhesive
By Application
- Cardiovascular Surgery
- Orthopedic Surgery
- General Surgery
- Cosmetic Surgery
- Pulmonary Surgery
- Central Nervous System Surgery
- Other Applications
By End-User
- Hospitals
- Ambulatory Surgical Centers
- Other End Users
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Surgical Glue Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Surgical Glue market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Surgical Glue Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Surgical Glue market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Surgical Glue market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Surgical Glue market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Surgical Glue market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Surgical Glue business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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