The global surgical sealants and adhesives market is expected to decline from $2.21 billion in 2019 to $1.33 billion in 2020 at a rate of -39.8%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing. The treatment for patients suffering from COVID-19 has taken precedence as a result of which numerous non-essential surgeries have been cancelled or postponed, decreasing the demand for surgical sealants and adhesives. The market is expected to recover and reach $2.81 billion in 2023 at a rate of 28.3%.
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Surgical sealants and adhesives are materials used to repair injured tissues and prevent air & fluid leakages during or after the surgeries. These are used for minimizing blood losses, replacing staples and sutures for better closure, and strengthening wound area without limiting the tissue movement.
Global Surgical Sealants And Adhesives Market Segmentation –
The Surgical Sealants And Adhesives market covered in this report is segmented
1) By Product: Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants
2) By Indication: Tissue Sealing, Tissue Engineering, Hemostasis
3) By End Use: Hospitals, Clinics, Others
Global Surgical Sealants And Adhesives Market Drivers –
Several companies operating in the market are focusing on product portfolio expansion into untapped geographies. For instance, in January 2020, Terumo Corporation announced the launch of AQUABRID, new surgical sealants in the EMEA market. AQUABRID is specially developed for aortic procedures to stop bleeding during and post surgeries.
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A Few Points From The Global Surgical Sealants And Adhesives Market ToC
1. Executive Summary
2. Surgical Sealants And Adhesives Market Characteristics
3. Surgical Sealants And Adhesives Market Size And Growth
3.1. Global Surgical Sealants And Adhesives Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Surgical Sealants And Adhesives Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Surgical Sealants And Adhesives Market Segmentation
5. Surgical Sealants And Adhesives Market Regional And Country Analysis
5.1. Global Surgical Sealants And Adhesives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Surgical Sealants And Adhesives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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