The global tissue sealants and tissue adhesive market is poised for significant growth, as highlighted in the latest report by Future Market Insights (FMI). With a projected Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period spanning 2022 to 2032, the market is anticipated to surge from US$ 1,509.6 Million in 2021 to an estimated US$ 2,876.9 Million by 2027.
FMI's comprehensive analysis underscores the industry's resilience and potential for expansion, even amidst the challenging landscape of the pandemic. Leveraging a multidisciplinary approach, FMI navigated the complexities of the pandemic era, steadfastly focusing on the continuous growth and development of the Tissue Sealants and Tissue Adhesive Market.
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The healthcare research and development sector witnessed a downturn during the lockdown period due to factors such as manufacturing unit shutdowns, acute shortages in raw material supply, and a dearth of skilled manpower. Despite these challenges, FMI's insights reveal that production and supply chain activities experienced only minor disruptions.
Looking ahead, the market is expected to gradually recover post-COVID-19, presenting lucrative opportunities for sales across various regions worldwide in the coming years.
The team of analysts at Future Market Insights is dedicated to conducting extensive research and market studies to produce comprehensive forecasts and predictions for the Tissue Sealants and Tissue Adhesive Market at both national and international levels. By considering diverse sources of information, including market figures and merger estimations, FMI ensures the delivery of reliable and informative insights for industry stakeholders.
Key Takeaways:
- Rising prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes, is driving the demand for tissue sealants and tissue adhesives.
- Increasing geriatric population, which is more susceptible to injuries and surgeries, is also fueling the market growth.
- Technological advancements in tissue sealants and tissue adhesives are leading to the development of new and innovative products with improved properties.
- Growing adoption of minimally invasive surgeries is creating new opportunities for the market players.
- North America is the largest market for tissue sealants and tissue adhesives, followed by Europe and Asia Pacific.
Key Trends:
- Increasing use of tissue sealants and tissue adhesives in peripheral nerve repair: Tissue sealants and tissue adhesives are increasingly being used to repair peripheral nerves. This is because they offer several advantages over traditional suturing methods, such as faster healing time, reduced pain and inflammation, and improved nerve function.
- Rising demand for tissue sealants and tissue adhesives in bone-related disorders: The demand for tissue sealants and tissue adhesives is also rising in the treatment of bone-related disorders, such as osteoporosis and vertebral compression fractures. This is because tissue sealants and tissue adhesives can help to improve the stability and strength of bones, and reduce the risk of fractures.
- Growing R&D in tissue sealants and tissue adhesive: Key players in the market are investing heavily in R&D to develop new and innovative tissue sealants and tissue adhesives with improved properties. This is expected to boost the market growth in the coming years.
Key Companies Profiled:
- Baxter International Inc.
- Johnson & Johnson
- Exapharma
- Smith & Nephew
- C.R Bard and Integra LifeSciences
Key Segmentation:
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
By Product Type:
- Gelatin Based Sealants
- Collagen Based Sealants
By Application:
- Cardiovascular Surgery
- Burns & Skin Grafting
- Cosmetic
- Reconstructive
By End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
