Diving into the Evolving Landscape of Surgical Sealants and Adhesives Market: Comprehensive Analysis of Market Trends, Innovations, and Strategic Insights

The surgical sealants and adhesives market size has grown strongly in recent years. It will grow from $2.59 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to surgical sealants and adhesives market resulted from rising prevalence of chronic diseases, increasing concerns to reduce surgical wounds, rising demand for minimally invasive techniques, increased healthcare expenditure, and rise in prevalence of cardiovascular disorders.

The surgical sealants and adhesives market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increase in geriatric population, growing prevalence of accidents, growing cosmetic surgeries, and launch of advanced surgical sealants. Major trends in the forecast period include focus on developing bio-based sealants to increase the usage of renewable raw material, consider investing in strategic acquisitions to increase market shares and expand their product portfolio offerings, invest in innovative products to provide better and enhanced products to consumers, and invest in nano-enabled adhesives and sealants in surgical procedures, as they have unique and superior properties such as high surface area and nanoscale size.

Market Overview -
Surgical sealants and adhesives are materials used to repair injured tissues and prevent air and fluid leakages during or after surgeries. These are used for minimizing blood losses, replacing staples and sutures for better closure, and strengthening wound areas without limiting tissue movement.

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Surgical Sealants And Adhesives Market Grows Amidst Surge In Surgical Procedures
The rising number of surgical procedures is predicted to contribute to the growth of the surgical sealants and adhesives market. In recent years, the continuous surge in surgical procedures is registered attributing to the growing prevalence of obesity and other lifestyle diseases, increasing incidence of spinal and sports-related injuries, and rising geriatric population. The old-age population is more prone to chronic, heart, and other diseases, thereby undergoing surgical procedures. According to the World Health Organization, the number of people over the age of 65 is projected to increase from 1 billion in 2020 to 2.1 billion by 2050, globally.

Competitive Landscape -
Major companies operating in the surgical sealants and adhesives market report are Baxter International Inc, Johnson & Johnson, B.Braun Melsungen AG, CSL Ltd., Becton Dickinson & Company, Cryolife Inc., Integra LifeSciences, Vivostat A/S, Occular Therapeutix Inc., Advanced Medical Solutions Group plc, Takeda Pharmaceutical Company, Centenial Surgical Suture Ltd, Cure Spects Lasers Ltd, Maestros Mediline Systems Ltd, Opto Circuits Ltd, Poly Medicure Ltd, Raaj Medisafe India Ltd, Siemens Healthcare Diagnostics Ltd, Ge Healthcare, Shenzhen Mindray Bio-Medical Electronics Co.Ltd., Shinva Medical Instrument Co. Ltd., Global Medical Group Limited, Dermastar Limited, R.C.H Dentservlimited, Sleep Straight Limited, Plus 8 Medical Group, Maxmed Health Care LTD, Highlight Surgicals, Medcaptain Europe, Easy Medical Devices, Cd Leycom, Smeets Loopcomfort B.V., Td Medical B.V., Ophtec B.V., Rovers Medical Devices B.V., Cohera Medical Inc., Tricol Biomedical, Medtronic, Philips, Stryker, Acelity, Seprafilm, GluStitch, Cardinal Health, Sanofi, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Abbott Laboratories, Roche, Draegerwerk AG, ResMed Inc., Covidien plc, Smiths Medical.

Expansion Of Product Portfolio Into Untapped Geographies
Several companies operating in the market are focusing on product portfolio expansion into untapped geographies. For instance, in January 2022, Futura Surgicare Pvt. Ltd., an India-based medical device company, collaborated with Advanced Medical Solutions Group PLC UK-based developer and manufacturer of advanced wound care dressing technologies, to expand its wound closure offering. As part of this collaboration, the company has unveiled its strategy to introduce a liquid range of products exclusively in India through its new division, Dolphin Adhesives. This novel vertical offers topical skin adhesives such as Exceed, Exceed XS, and Optima. These adhesive solutions are designed to provide innovative wound closure methods and reduce the risk of adverse surgical outcomes.

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Key Segments -

The surgical sealants and adhesives market covered in this report is segmented -

1) By Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants
2) By Indication: Tissue Sealing, Tissue Engineering, Hemostasis
3) By End Use: Hospital, Clinics, Others End Uses

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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