Global Surgical Sealant and Adhesives Market 2018 Drivers, Restraints, Opportunities, and Challenges Analysis by Key Players CryoLife, Medtronic, Baxter International etc.
The “Global Surgical Sealant and Adhesives Market “, report published by Orbisresearch.com from its database. The report provides current and future global surgical sealant and adhesives industry in the developed and emerging markets.
Dallas, United States – July 31, 2018 /MarketersMedia/ —
Global Surgical Sealant and Adhesives Market 2018-2023:
The global surgical sealant and adhesives market is expected to register a CAGR of 9% during the forecast period of 2018–2023. Surgical sealants are substances that block the passage of fluids and blood after any surgical procedure. It is an alternative to the traditional techniques of using sutures, wires, and staples. Currently, surgical sealants and adhesives are replacing sutures and staples due to better closure capabilities, less pain, decreased blood loss, and non-requirement for removal.
Increasing Surgical Procedures:
According to the WHO, an estimated 234.2 million major surgical procedures are undertaken every year worldwide. Countries spending USD 100 or less per head on health care have an estimated mean rate of major surgery of 295 (SE 53) procedures per 100,000 population per year. In middle-expenditure (USD 401–1000) and high-expenditure (>USD 1,000), countries accounting for 30.2% of the world’s population provided 73.6% (172.3 million) of operations worldwide. The poor-expenditure (≤ USD 100) countries account for 34.8% of the global population yet undertook only 3.5% (8.1 million) of all surgical procedures. This figure indicates an unprecedented increase in the number of surgical procedures worldwide and remains a major driver for the market.
The other factors, such as advancement in technology are driving the surgical sealant and adhesives market to grow.
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Major Players:
• B. Braun Melsungen AG
• Baxter International Inc.
• C.R. Bard Inc.
• Cohera Medical Inc.
• CryoLife
• Johnson & Johnson
• Medtronic
• Ocular Therapeutix
• Sanofi S.A.
• Vivostat A/S
Lack of Favorable Reimbursement Policies:
The lack of favorable reimbursement policies for surgical sealants and adhesives in most developing countries and a few developed countries is causing hindrance to the market of the wound care and advanced wound closer products. Apart from this, the lack of wound dimensions or failure to document it properly affects the reimbursement significantly. So, these reimbursement policies along with the availability of alternative methods are hindering the surgical sealant and adhesives market.
United States Leads the Market in North America:
The United States surgical sealant and adhesives market held the largest share in 2017 in North America due to the presence of high-quality healthcare system and modern medical technology. Additionally, the growing importance of surgical care in public health policies of the United States is likely to contribute toward the growth of the surgical sealant and adhesives market.
Key Developments in the Market:
• January 2018: Baxter International Inc. announced an agreement to acquire two hemostat and sealant products from Mallinckrodt PLC – RECOTHROM® Thrombin topical (Recombinant) and PREVELEAK® Surgical Sealant.
• September 2017: Cohera Medical, Inc., announced that it has signed an exclusive, long-term distribution agreement with Terumo Corporation (Tokyo, Japan) for Sylys Surgical Sealant.
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Reasons to Purchase this Report:
• Follow the current and future global surgical sealant and adhesives market in the developed and emerging markets.
• Analyzing various perspectives of the market with the help of Porter’s
• Five Forces Analysis.
• Identify the segment that is expected to dominate the market.
• Identify the regions that are expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report:
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Key Points from TOC:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
7. Market Segmentation
8. Competitive Landscape
9. Key Players
10. Future of the Market
11. Disclaimer
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