Surgical Sealants and Adhesives Global Market

–Forecast to 2024

Surgical Sealants and Adhesives Global Market estimated to be worth $3,708.5

million by 2024

IQ4I Research & Consultancy published a new report on “Surgical Sealants and
Adhesives Global Market – Forecast To 2024” This report analyzes and studies the
overall market, major Drivers & Opportunities, Restraints & Threats in North America,
Europe, Asia-Pacific and Rest of the World.

IQ4I’s Report Contains 85 market data tables and 84 figures spread through 309 pages
and an exhaustive TOC on “Surgical Sealants and Adhesives Global Market”,
[Products (Natural Sealants & Adhesives (Fibrin, Collagen, Gelatin, Albumin and
Others), Synthetic Sealants & Adhesives (Cyanoacrylate, Hydrogel and Others));
Application (Cardiovascular surgery, Orthopaedic surgery, Urology, Pulmonology,
Neurosurgery, Gynaecology, Cosmetic surgery, General Surgery and Others); End-
users (Hospitals, Ambulatory Surgical Centers and Others); Region (North America,
Europe, Asia-Pacific and Rest of the World)]

Surgical sealants and adhesives are the products used in surgical procedures for closing
incisions, sealing tissues internally, stop bleeding, securing implants to tissues and in post
surgical applications like sealing of surgical incision leakage, to control surgical site
infections and reinforcing staples or suture line. Sealants are used to attach at least two
surfaces of incisioned skin or tissue by filling the space between them to provide a protective
coating and to seal fluid or air leakage. Adhesives are capable of holding at least two cut
ends of skin or tissue together in a strong and permanent bond. Sealants and Adhesives are
usually considered together as they both adhere and seal the surgical incisions.

According to IQ4I analysis, the surgical sealants and adhesives global market is expected to
grow at a strong CAGR to reach $3,708.5 million by 2024. Increasing incidence of aging
population and prevalence of lifestyle diseases, increase in surgical proc edural volume, and
advantages of sealants and adhesives over suture, staples and clips are some of the factors
driving the surgical sealants and adhesives market. Demand for surgical sealants and
adhesives, emergence of technically advanced products and acquisitions by market players
are some of the opportunities for surgical sealants and adhesives market. However, adverse
effects of sealants and adhesives, low surgical incision closure strength, high cost of the
product, advancements in alternative products like sutures, staples and stringent regulatory
approvals are some of the factors hampering the market growth.

The surgical sealants and adhesives global market is mainly segmented into products,
applications, end-users and geography. The surgical sealants and adhesives global market

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Surgical Sealants and Adhesives Global Market

–Forecast to 2024

based on the nature of product is segmented into natural and synthetic surgical sealants and
adhesives. Among these, natural sealant and adhesives hold a largest share in 2017 and
are expected to grow at a strong CAGR from 2017 to 2024. Natural surgical sealants and
adhesives market is further segmented into fibrin, collagen, gelatin, albumin and others.
Among these, Fibrin holds major share and Gelatin is expected to grow at a strong CAGR
from 2017 to 2024. Synthetic surgical sealants and adhesives market is segmented into
Cyanoacrylate, hydrogels and others. Among these, Cyanoacrylate holds major share and is
expected to grow at a high CAGR from 2017 to 2024.

Based on application, the market is segmented into Cardiovascular surgery, General

Surgery, Orthopaedic surgery, Urology, Pulmonology, Neurosurgery, Gynecology, Cosmetic
surgery and Others applications. The Cardiovascular surgery segment accounted for the
largest revenue in 2017 and is expected to grow at a strong CAGR from 2017 to 2024,
because of various reasons like increasing aging population, increase in cardiovascular
surgical procedures and technological advancements in minimally invasive surgical
procedures. Cosmetic surgery is the fastest segment growing at a double digit CAGR from
2017 to 2024, because of the advanced treatment regimes available and better cosmetic
outcome by using sealants and adhesives.

Based on the end-users market is segmented into hospitals, ambulatory surgical centres and
others. Hospital segment accounted for the largest share in 2017 and is expected to grow at
a strong CAGR from 2017 to 2024, due to increase in aging population, increase in surgical
procedural volumes, and better patient care services with advanced facilities.

Geographically, North America dominates with the largest share in 2017 due to high
investments in healthcare infrastructures, advanced healthcare facilities, increasing ageing
population, increasing surgical procedural volume, rapid adoption and awareness about the
technological advancements, availability of Medicare and third party insurance facilities and
easy availability of skilled professionals. However, Asia-Pacific region is expected to grow at
a double digit CAGR 2017 to 2024 due to increased healthcare awareness and improved
economic growth. Asia-Pacific countries like India and China are expected to be the future
investment destination for companies because of government funding and their large patient
populace base. Thailand and India are growing medical tourism destinations which offer
significantly lower cost for surgeries and treatment compared to U.S and U.K.

Surgical sealants and adhesives global market is consolidated, the top five companies i.e.
Baxter International Inc. (U.S.), Johnson & Johnson (Ethicon) (U.S.), Takeda Pharmaceutical

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Company Ltd. (Japan), Becton, Dickinson & Company (C.R.Bard) (U.S.), B.Braun
Melsungen AG (Germany) occupy largest share in the global market and remaining share of
the market is occupied by others players. Companies in this market are coming up with
innovative technologies and products for entering or maintaining their leadership position in
surgical sealants and adhesives market. For instance, Xcede Technologies, Inc., a
subsidiary of Dynasil Corporation of America (U.S.) develops hemostatic and sealant
products for surgical applications with unique technology and intellectual property (IP)
protection. Also, companies are competing with each other by strategic acquisitions to
expand their market. For instance, Mallinckrodt Plc, acquired the global portfolio of three
commercial-stage sealants and hemostasis from The Medicines Company (U.S.). The
portfolio includes RECOTHROM Thrombin topical (Recombinant), PreveLeak Surgical
Sealant, and RAPLIXA (Fibrin Sealant (Human)). The inclusion of these products will expand
Mallinckrodt’s surgical sealant and adhesive product portfolio.

Emerging players of this market include Adhezion Biomedical, LLC. (U.S.), Starch Medical,
Inc. (U.S.), Vivostat A/S (Denmark), Tissuemed Ltd. (U.K.), Western Biomedical (Australia),
GEM SRL (Italy), Hyperbranch Medical Technology, Inc. (U.S.), Gecko Biomedical (France),
Hyperbranch Medical Technology, Inc. (U.S.), Chemence Medical, Inc. (U.S.), IBC
Pharmaceuticals Ltd. (India), Sealantis Ltd (Israel), Polyganics (Netherland), OptMed, Inc.
(U.S.), and others.

Some of the major players in surgical sealants and adhesives market include Baxter
International Inc. (U.S.), Johnson & Johnson (Ethicon) (U.S.), Becton, Dickinson & Company
(C.R.Bard) (U.S.), B.Braun Melsungen AG (Germany), Medtronic Plc (Ireland), Cryolife, Inc.
(U.S.), Mallinckrodt Plc (U.K.), Advanced Medical Solutions Group Plc (U.K.), Takeda
Pharmaceutical Company Ltd. (Japan), Cohera Medical, Inc. (U.S.).

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Surgical Sealants and Adhesives Global Market

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Reasons for buying this report:

 Surgical sealants and adhesives global market is expected to reach $3,708.5 million
by 2024 at a strong CAGR.
 Identification and analysis of the surgical sealants and adhesives market by
identifying various segments by product, application, end-users and geography.
 Revenue forecast of surgical sealants and adhesives market and strategic analysis of
each sub-segment with respect to segmental growth trends.
 Identification of major market trends, Porter's model, and factors driving and
restraining surgical sealants and adhesives market growth.
 Revenue forecast of the Surgical sealants and adhesives market with respect to
North America (U.S. and Others), Europe (Germany, France, U.K. and Others), Asia-
Pacific (Japan, China, India and Others) and Rest of the World (Brazil, Rest of Latin
America and Middle-East & Others) regions.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Market penetration of surgical sealants and adhesives in surgical wound closure
market.
 Analysis of the regulatory bodies guiding the manufacturers, ongoing clinical trials,
supply chain and product matrix of the surgical sealants and adhesives market.
 Profiles of major players in surgical sealants and adhesives market and analysis of
their product offerings, financial revenue, business strategies, SWOTs and market
shares.

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Surgical Sealants and Adhesives Global Market

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FIGURE 1

SURGICAL SEALANTS AND ADHESIVES GLOBAL MARKET

SEGMENTATION

Surgical Sealants & Adhesives Global Market

By Products By End-Users By Region

By Applications

Cardiovascular Hospitals NA
surgery
Natural Sealants & Synthetic Sealants U.S.,
Adhesives & Adhesives Ambulatory
General surgery Others
Surgical centers
Fibrin Cyanoacrylate Other EU
Orthopaedic
End-Users
surgery
Collagen Hydrogels Germany, France,
U.K., Others
Urology
Gelatin Others APAC
Pulmonology
Albumin Japan, China,
India, Others
Neurosurgery
Others RoW
Gynecology
Brazil, Rest of LA,
Middle East &
Cosmetic
Others
surgery
Other
Applications

Source: Association for Ad vancement of Wound Care (AAWC), World Union of Wound Healing societies
(WUWHS), American Board of Wound Management (ABWM), American Professional Wound Care
Association (APWCA), European Wound Management Associations (EWMA), Wound Care All iance UK
(WCAUK), The Society for Biomaterials (SFB), World Health Organization (WHO), Industrial Experts and IQ4I
Analysis.

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