The global surgical 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 surgical 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 surgical 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 surgical glue market. Further, no requirement of needle sticks or stitches, rapid wound closure and lower rates of infection are some surgical glue benefits that broadens consumer base of the product.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2030, and global sales and production forecasts and estimates for Surgical Glue by 2030. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.
We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.
The Surgical Glue report contains data based on rigorous primary and secondary school studies using research best practices. The report contains exhaustive information that will allow you to assess each segment of the Surgical Glue market. This report has been prepared considering various aspects of market research and analysis. It includes market size estimates, market dynamics, and company and market best practices. Entry marketing strategy, positioning, segmentation, competitive landscape, and economic forecasts. Industry-specific technology solutions, roadmap analysis, alignment with key purchasing criteria, in-depth benchmarking of vendor products
Key Players covered in this report are:
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.
Products Outlook (Revenue, USD Billion; 2019 – 2030)
- Natural or Biological Adhesives and Sealants
- Synthetic and Semi-Synthetic Adhesives and Sealants
Indication Outlook (Revenue, USD Billion; 2019 – 2030)
- Hemostasis
- Tissue Sealing
Geographic Segment Covered in the Report:
• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
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