Surgical Sealants and Adhesives Market Trends, Business Strategies and Opportunities with Key Players Analysis
The global surgical sealants and adhesive market is significantly growing, due to technological advancements, extensive research and development activities, and up surging academic and government research for medical devices. The massive unexplored market in the surgical sealants and adhesives industry of the developing economies is creating abundant growth opportunities for the surgical sealants and adhesives market.
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In addition, the advanced research and development facilities and innovative product developments by the companies are propelling the growth of the surgical sealants and adhesives market. The surgical adhesive and sealants are alternative for traditional closure techniques, such as sutures, wires and staples. The conventional closure techniques may lead to further tissue trauma, risk of infection and is difficult to use at some surgical locations. Surgical sealant are likely to replace sutures and staples, as they have better closure abilities, faster implementation and facilitate less painful operation.
Some of the factors driving the growth of the global surgical sealants and adhesives market are increasing number of surgical procedures, growing aging population, up surging prevalence of chronic diseases, increasing healthcare expenditure and increasing requirement to manage blood loss in patients during the surgeries. In addition, the development of technologically advanced products and increasing government support subsequent to adoption of surgical adhesion are expected to drive the growth of the global surgical sealants and adhesives market in the projected period. However, high cost, lack of reimbursement, alternative methods and high technicality associated with surgical adhesives, are some of the factors restraining the growth of the global surgical sealants and adhesives market.
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Geographically, North America is likely to dominate the global surgical sealants and adhesives market in the coming years, due to upsurge in geriatric population, increasing FDA approvals, growing number of surgical procedures, and widening application of sealants and adhesives. Asia-Pacific is the fastest growing region in the global surgical sealants and adhesives market, due to increasing healthcare expenditure, presence of huge pool of patients, intensifying government support and up surging prevalence of chronic diseases in the region. Moreover, the surgical sealants and adhesives market is growing due to increasing awareness among the population and refining healthcare infrastructure in the emerging countries, such as India and China.
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Some of the companies operating in the global surgical sealants and adhesives market are Baxter International Inc., Sanofi Group, B. Braun Melsungen AG, Ocular Therapeutix Inc., Cryolife Inc., Medtronic PLC, Johnson & Johnson, C.R. Bard Inc., Cohera Medical Inc. and Vivostat A/S.
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