LONDON, June 01, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the Surgical Sealants and Adhesives Market, companies in the adhesives and sealants manufacturer market are investing in technologies to manufacture sealants and advanced medical adhesives. Advances have been made in a wide range of technologies targeting certain embodiments of a practical and safe adhesive. Cyanoacrylates, marine adhesive proteins and fibrin-based sealants are some of the most successful trends in the surgical sealants and adhesives market.
For example, in January 2020, Terumo, a Japanese manufacturer of medical tools and equipment, launched a new surgical sealant, AQUABRID, in the EMEA market. AQUABRID® is a new fully synthetic surgical sealant for aortic procedures. It reacts with water (blood) and forms an elastic layer that adheres tightly to the tissue. It is safe and effective in achieving hemostasis even when blood clotting is inhibited during cardiac surgery. It contains a syringe filled with gel-like sealant, a spatula for even distribution, and two silicone sheets that help transfer the sealant to the desired side of application and hold it there for the reaction time. Also in November 2020, TISSIUM received approval from the United States Food and Drug Administration (FDA) for its investigational device exemption application for its vascular sealant. The medical technology company has developed a proprietary technology, called Biomorphic Programmable Polymers, to transform the way tissues are repaired, leading to the restoration of their natural function. The company’s biomorphic programmable polymer technology enables the layer-by-layer construction of 3D structures as well as the repair of damaged tissue. TISSIUM prepolymer can be used in a variety of medical applications: inside the body as sealants, adhesives, barriers, plugs, as a vehicle for drug delivery, as well as implantable devices created outside the body. body using 3D printing technology.
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The size of the global surgical sealants and adhesives market is expected to grow from $2.12 billion in 2021 to $2.39 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The global surgical sealants and adhesives market share is expected to reach $3.13 billion in 2026 at CAGR of 6.9%.
An increase in the geriatric population across the world is expected to contribute to the growth in the market value of the surgical sealants and adhesives market. The geriatric population naturally develops multiple health conditions and other conditions that require surgical procedures, which in turn will increase the demand for surgical sealants and adhesives. According to the World Health Organization, by 2030, 1 in 6 people in the world will be aged 60 or over, which means that the population aged 60 and over will drop from 1 billion in 2020 to 1, 4 billion. By 2050, the global population of people aged 60 and over will double to 2.1 billion. The number of people aged 80 or over is expected to triple between 2020 and 2050 to reach 426 million. Hence, increasing geriatric population will aid the growth of the surgical sealants and adhesives market.
Key players in the global surgical sealants and adhesives market include Baxter International Inc., B. Braun Melsungen AG, Cohera Medical, Inc., CryoLife Inc., CR Bard Inc., CSL Limited (CSL Behring), Johnson & Johnson (Ethicon , Inc.), Sanofi, Ocular Therapeutix Inc. and Sealantis Ltd.
The global surgical sealants and adhesives market is segmented by product into biological sealants, synthetic sealants, semi-synthetic sealants; by indication in tissue sealing, tissue engineering, hemostasis; by end use in hospitals, clinics, etc.
In 2021, North America was the greater region in the adhesives and sealants industry. The fastest growing regions in the surgical sealants and adhesives market will be the Middle East and Asia Pacific. Regions covered in the Global Surgical Sealants and Adhesives Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The Global Surgical Sealants and Adhesives Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provide insights into the Surgical Sealants and Adhesives Market, Analyze and forecast the Surgical Sealants and Adhesives market market size and growth for the overall market, Surgical Sealants and Adhesives market segments and geographies, Surgical Sealants and Adhesives market trends, Sealants and Adhesives market drivers Surgical Putties and Adhesives market constraints, Surgical Putties and Adhesives market leading competitors’ revenue, profiles and market shares in more than 1,000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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