The report “Surgical Sealants and Adhesives Market is expected to reach USD 2.8 billion in 2025 from USD 1.9 billion in 2020, at a CAGR of 8.4% during the forecast period. Growth in this market is driven by the growing prevalence and incidence rates of various disorders such as obesity and CVDs; increasing incidence of trauma; and growth in the number of accidents and sports-related injuries, which has led to an increase in surgical procedures being performed across the globe. Also, the need to manage blood loss in patients and R&D being undertaken to bring innovative products to the market is aiding the market growth. Better cosmetic outcomes are also increasing their adoption in cosmetic procedures across the globe. Additionally, emerging markets provide significant investment opportunities for players as these regions offer an untapped potential due to the increasing government and private investments in the healthcare sector. The rising prominence of adhesive dentistry also offers significant growth opportunities for players operating in this space. However, the high cost of these products, lack of reimbursements, and high investments associated with clinical data requirements for these products are restraining the growth of this market to a certain extent. The market also faces the challenge of developing novel biomaterials for effective tissue sealing.
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Key Player
The prominent players in this market are Baxter International, Inc. (US), CryoLife, Inc. (US), Becton, Dickinson and Company [C.R Bard (US)], Ethicon, Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Integra Lifesciences Holdings Corporation (US), Medline Industries, Inc. (US), Adhezion Biomedical, LLC (US), Tricol Biomedical, Inc. (US), Vivostat A/S (Denmark), Advanced Medical Solutions Group plc (UK), Stryker Corporation (US), CSL Limited (Australia), Ocular Therapeutix, Inc. (US), MicroVal (France), GEM Srl (Italy), Hemostasis, LLC (US), Péters Surgical (France), and Tissuemed Ltd (UK).
Johnson & Johnson (Ethicon, Inc.) (US) was the leading player in the surgical sealants and adhesives market in 2019. The company has a strong brand value as well as an established geographic presence. It offers a strong and broad product portfolio for surgical sealants and adhesives, which serves as an important factor for its large market share. Its flagship sealants and hemostatic products such as EVICEL, SURGICEL, EVARREST, SURGIFLOW, and SURGIFOAM series are some of the leading brands in the global biosurgery market. The company has reported revenue growth of ~ 5-8% in its biosurgical products segment between 2018 and 2019. The growth of this segment is mainly driven by the company’s wide presence in the APAC market and continuous growth in the US market. It further focuses on increasing its presence in this market through continuous R&D activities to provide technologically advanced solutions to customers.
Baxter International, Inc. (US) is a leading provider of essential hospital and renal products & services. Baxter has been serving the medical device industry for over 80 years. The company has an exhaustive portfolio and seeks to strengthen it further through product launches and enhancements/upgrades. Baxter offers a comprehensive portfolio of surgical sealants and adhesives across the globe. The companys strong focus on R&D activities has helped it in building a strong portfolio of innovative products. Baxter’s acquisition of Synovis Life Technologies, Inc. (US) has further enabled the firm to offer collaborative products for the surgical sealants and adhesives market. The company further seeks to strengthen its product offerings through product enhancements and by expanding its advanced surgery product portfolio, which includes FLOSEAL Hemostatic Matrix and TISSEEL through product acquisitions in April 2017. The company’s emphasis on such strategies offers significant opportunities for expansion in this industry.
The natural/biological sealants and adhesives segment is expected to account for the largest share of the surgical sealants market, by product.
By product, the market is segmented into natural/biological sealants and adhesives and synthetic & semisynthetic sealants and adhesives. The natural/biological sealants and adhesives segment accounted for the largest share of the market in 2019. This segment is further segmented into polypeptide protein-based sealants and adhesives and polysaccharide-based sealants and adhesives. The large share of natural/biological sealants and adhesives segment can be attributed to the fact that sealants derived from natural polymers provide superior biocompatibility, reduced immune response, and in vivo degradability as compared to synthetic sealants; and are used to repair injured tissues and reinforce surgical wounds, thus having replaced common suturing techniques.
The tissue engineering segment is expected to grow at the highest CAGR during the forecast period.
Based on indication, the surgical sealants market is segmented into tissue sealing, surgical hemostasis, and tissue engineering. The tissue engineering segment is projected to witness the highest growth in the market during the forecast period. This is due to the growing need for tissue regeneration in cases of skin injuries or burn injuries, along with the increasing number of cosmetic surgeries taking place across the globe.
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The cosmetic surgery segment is expected to grow at the highest CAGR during the forecast period.
Based on application, the surgical sealants market is segmented into cardiovascular surgery, general surgery, CNS surgery, pulmonary surgery, ophthalmic surgery, orthopedic surgery, cosmetic surgery, urological surgery, and other applications. The cosmetic surgery segment is projected to witness the highest growth in the market during the forecast period. This is due to the increasing adoption of tissue sealants and adhesives for cosmetic procedures and burn treatment surgeries. It is further set to increase with the increasing number of facial cosmetic surgeries, increasing cases of skin injuries, growing incidence of burn injuries, and an increasing number of breast cancer patients undergoing mastectomy and breast reconstruction procedures across the globe.
Hospitals to account for the largest share of the surgical sealants market, by end user.
On the basis of end users, the market is segmented into hospitals, clinics, and other end users (ambulatory surgery centers, burn care centers, and research institutes). The hospital segment accounted for the largest share of the market in 2019. This is primarily attributed to the increasing number of surgeries taking place across the globe due to the rising geriatric population and the incidence of various diseases. Moreover, the increasing need to control blood loss and achieve efficient hemostasis and wound closure in trauma cases, injuries, or surgical procedures is leading to their rising adoption by surgeons. The low cost of these products along with their ease of use and lower risk of complications, offer significant advantages, further supporting market growth.
North America to dominate the surgical sealants and adhesives market during the forecast period
In 2019, North America dominated the global surgical sealants and adhesives market, followed by Europe. The large share of North America can be attributed to the significant growth opportunities for players operating in the surgical sealants and adhesives market owing to the presence of many large hospitals and an increasing number of surgical procedures in this region. Moreover, a number of major global players are based in the US, owing to which the US is a center for innovation in the surgical sealants and adhesives market.
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Recent Developments:
- In 2019, Johnson & Johnson (Ethicon, Inc.) launched VISTASEAL Fibrin Sealant (Human) to manage bleeding during surgery.
- In 2019, CSL opened its new global headquarters in Melbourne, Australia, for the fostering and supporting of collaborations between academic biomedical research and industry, creating important linkages in the translation for new medicines for unmet medical needs.
- In 2019, AMS acquired Sealantis, an Israeli-based medical device company with a patent-protected alga-mimetic sealant technology platform that has a wide range of potential surgical indications under development. This helped AMS strengthen its presence with a technology platform and delivery systems that have significant potential across a range of applications in the high-margin internal surgery market.
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