The global Skin Glue market size is expected to reach USD 4.28 Billion in 2030 and register a revenue CAGR of 8.09% over the forecast period, according to a latest report by Reports & Data. A major factor driving market revenue growth is the rapid adoption of Skin Glue as a substitution of sutures in surgeries.
Government focus on strengthening healthcare industry to provide accessible and affordable health care is expected to positively impact revenue growth of the market over the forecast period. In addition, rising prevalence of cardiovascular diseases (CVDs) and increase in number of open-heart surgeries and trauma are some key factors expected to continue to fuel market growth going ahead.
Moreover, rising use of Skin Glue in surgeries (in place of stitches) to minimize liquid or aid leakage in wounds has been opening up new and more lucrative opportunities for players operating in the global Skin Glue market. Further, no requirement of needle sticks or stitches, rapid wound closure and lower rates of infection are some Skin Glue benefits that broadens consumer base of the product.
However, high cost of Skin Glue, possibility of glue allergy in some cases, and are not favorable in patients having risk of slow wound healing, such as diabetes are the major factors that restrain Skin Glue market growth over the forecast period.
In-depth Study of the Competitive Landscape:
The global Skin Glue market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Braun Medical Inc, Medtronic PLC, Advanced Medical Solutions Group PLC, Baxter International Inc, Cohera Medical Inc, CryoLife Inc., Adhesys Medical GmbH, Integra LifeSciences Holdings Corporation, Arch Therapeutics Inc, and Lifebond Machines Pvt. Ltd.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Products Outlook (Revenue, USD Billion; 2019 – 2030)
- Natural or Biological Adhesives and Sealants
- Fibrin Sealants
- Collagen Based Adhesives
- Gelatin-Based Adhesives
- Synthetic and Semi-Synthetic Adhesives and Sealants
- Cyanoacrylates
- Polymeric Hydrogels
- Urethane Based Adhesives
Indication Outlook (Revenue, USD Billion; 2019 – 2030)
- Hemostasis
- Tissue Sealing
Application Outlook (Revenue, USD Billion; 2019 – 2030)
- Cardiac surgery
- Pulmonary surgery
- Vascular surgery
- Liver and spleen lacerations
- Orthopedic surgery
- Burn bleeding
- Plastic surgery
- Wound management
- Neurosurgery
- General surgery
- Others (eye, urological, gynecological surgeries)
End-Use Outlook (Revenue, USD Billion; 2019 – 2030)
- Hospitals
- Ambulatory surgical centers
- Specialty Clinics
- Others
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Skin Glue market over the forecast period?
- What are the major factors driving the growth of the Global Skin Glue Market?
- What are the key challenges impacting the global Skin Glue market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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