Surgical Glue Market Growth Drivers 2021, Industry Share-Size, Global Demand, Emerging Trends, Opportunities in Grooming Regions, Key Players Strategies, Recent Developments, Future Investments and SWOT Analysis till 2030

(Heraldkeepers via Comtex)

Report Ocean publicize new report on the surgical glue market. The surgical glue market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the surgical glue market growth. Additionally, the database analyzes and estimates the surgical glue market both globally and regionally.

The global surgical glue market size was US$ 5.2 billion in 2020. The global surgical glue market is forecast to reach the value of US$ 13.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2021-2030.

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Surgical glue is used to treat traumatic injuries to avoid fluid leakage. The product is also known as surgical adhesive and sealants.

Factors Influencing

The adoption of surgical glues is forecast to increase because of properties like cost-effectiveness and fast recovery. Moreover, the easy availability of surgical glues is forecast to fuel market growth in the coming years.

The growing healthcare expenditure and favorable government initiatives would create promising opportunities for the market players in the global surgical glue market.

Rising cases of accidents, mostly in developing countries, are forecast to fuel the market growth in the coming years.

The unavailability of efficient surgical glues may hamper the market growth during the analysis period.

The different requirements from the end-users may propel the growth of the R&D activities to develop efficient solutions. As a result, it would accelerate market growth.

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Geographic Overview

Regionally, North America holds the largest revenue share in the global surgical glue market. The increasing demand for surgical glues, growing healthcare expenditure, government initiatives, and increasing spending on healthcare are all forecasts to propel the region’s growth in the global surgical glue market.

Moreover, the increasing demand for tissue-friendly surgical glues may increase opportunities for the market players to grow in the region. The report by TMC Innovation Institute indicates that around 30 million accidents are registered in the United States yearly. With the growing number of cases, the demand for surgeries and surgical glues would ultimately increase.

The Asia Pacific region is forecast to observe rapid growth due to the increasing advancement of clinical specialty products. Moreover, the developing population of elderly people, rising demand for surgical interventions, and government initiatives to improve healthcare infrastructure are all contributing to the market growth.

COVID-19 Impact Analysis

The demand for surgical glues decreased as the healthcare sectors postponed or canceled the surgery cases. Healthcare bodies were all focused on treating the COVID-19 affected patients. Thus, the demand for surgical glues declined rapidly. Moreover, as the economies begin to grow again, the demand for surgical glues would increase rapidly. Due to the COVID-19 pandemic, governments are focusing on enhancing the healthcare sector. Thus, the market players would witness various opportunities.

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Competitors in the Market

B. Braun Melsungen AG

Baxter International Inc.

Advanced Medical Solutions Group PLC

C. R. Bard Inc.

Cardinal Health Inc.

CryoLife Inc.

Integra LifeSciences Holdings Corporation

Cohera Medical Inc.

Takeda Pharmaceutical Company Limited

Johnson & Johnson, Medtronic PLC

Other prominent players

Market Segmentation

By Product Type

Natural

Fibrin

Collagen

Gelatin

Synthetic and Semi-Synthetic

Cyanoacrylate

Polymeric Hydrogel

Urethane-based Adhesive

By Application

Cardiovascular Surgery

Orthopedic Surgery

General Surgery

Cosmetic Surgery

Pulmonary Surgery

Central Nervous System Surgery

Other Applications

By End-User

Hospitals

Ambulatory Surgical Centers

Other End Users

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By Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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