NEW YORK, Oct. 16, 2018 (GLOBE NEWSWIRE) -- The global surgical glue market is projected to witness a CAGR of 9.21% over the forecast period. The market is expected to rise from USD 3,731 million in 2017 to USD 6,843 million by 2024. The growth is attributed to the increasing number of surgeries and growing number of clinical applications such as to control blood flow during the surgery, prevent unstable hemodynamics, and lowering overall mortality and morbidity rate. Moreover, advances in the development of new surgical glue as well as emerging applications in regenerative medicine are further boosting the market growth. Surgical glue is increasingly gaining more popularity in different areas of medical applications, including healing & wound closer, tissue engineering, among others.
Emerging Substitution for Stitches in Surgery
Surgical glue is important in medical surgery in order to prevent massive blood loss caused by traumatic injuries and during surgical operations. It also helps in controlling blood during surgery and minimizes the risk of infections, and lowering the mortality and morbidity rate. The tissue adhesives sealants are used as suture adjuncts and for sealing wounded tissues. They are gaining popularity for their easy to use and post-operative comfort. Healthcare researchers have developed surgical glue which is used in emergency situations by sealing up critical wounds in the organs and skin, without the need for sutures and staples.
Surgical Glue – Regional Insight
North America holds the maximum share of the market in 2017. The growth in this region is attributed to rising health awareness and growing number of surgeries, and increasing investment in research and development activities. The U.S. is the largest contributor to the regional market, owing to growing number of cardiac surgeries. In Europe, there is an increase in surgical glue market owing to growing number of product approvals in this region.
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Key findings from the report:
On the basis of product type
- The fibrin sealants segment held the major share of the market in 2017, owing to growing demand in many clinical application, and rapid hemostasis at the surgical site
- The cyanoacrylates segment was the fastest growing segment of the market in 2017
- Based on application, the cardiac surgery held the major share of the market owing to growing number of patients with heart diseases
- On the basis of end-use, the hospital segment held the major share of the market in 2017
- Geographically, North America holds the maximum share of surgical glue market in 2017. Asia-Pacific is expected to witness the highest growth rate of market in the coming years owing to the rapid adoption of surgical glue and growing number of road accidents.
- Some of the key companies operating in the market include Takeda Pharmaceutical Company Limited; Johnson & Johnson; Cohera Medical, Inc.; Cardinal Health; C.R. Bard, Inc.; Advanced Medical Solutions Group plc; CryoLife Inc.; Medtronic PLC; Baxter International Inc.; Ocular Therapeutix, Inc.; B. Braun Melsungen AG, among others
By Product Type
- Fibrin Sealants
- Hydrogel
- Cyanoacrylates
- Gelatin and Thrombin
- Urethane based adhesive
- Albumin and Glutaraldehyde
- Collagen based compound
- Others
By Application
- Cardiac Surgery
- General Surgery
- Gynecological Surgery
- Neurosurgery
- Orthopedic Surgery
- Plastic Surgery
- Urological Surgery
- Wound management
- Others
By End-use
- Hospitals
- Surgical Centers
- Clinics
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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