Tissue Glue And Bio-Adhesive Sealants Market, by Product Type (Protein Based Sealants, Collagen Based Sealants, Thrombin-based Sealants, Fibrin Sealant, Gelatin-based Sealant, Others), by Application(Cardiovascular Surgery, Laparoscopic Surgeries, Burns and Skin Grafting, Digestive, Cosmetic, Reconstructive and Hand Surgery, General Surgeries, Others), by End User(Hospitals, Specialty Clinics, Ambulatory Surgical Centers (ASCs), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023

Code : CMI3330

Pages :170

Formats :

Excel and PDF

Industry : Pharmaceutical

Tissue Glue And Bio Adhesive Sealants MarketSize and Trends

The global tissue glue and bio adhesive sealants market is estimated to be valued at US$ 2,007.6 million in 2023 and is expected to exhibit a CAGR of 8.1% during the forecast period (2023-2030).

Global Tissue Glue And Bio Adhesive Sealants Market – Driver

Increasing prevalence of bone-related disorders

Increasing prevalence of bone-related disorders is expected to propel the growth of the global tissue glue and bio-adhesive sealants market over the forecast period. The prevalence of bone diseases is going to increase significantly as the population ages. In the U.S., the number of people aged 65 and older is expected to rise from 35 to 86 million between 2000 and 2050, while the number of people aged 85 and older will increase from 4 to 20 million.

Global Tissue Glue and Bio-adhesive Sealants Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global tissue glue and bio-adhesive sealants market. The global tissue glue and bio-adhesive sealants market was majorly impacted by the COVID-19 pandemic. Tissue glue and bio-adhesive sealants have major applications in hospitals, surgeries centers , and clinics. The hospital sector was affected by the pandemic disruptions in the initial COVID phase. Moreover, various surgery centers, hospital units, and wound care and treatment services were delayed. The hospitals saw a shortage of beds, care professionals, medical equipment, and others. For instance, in 2020, according to the United States Census Bureau, the revenues of medical and diagnostic laboratories saw a fall of 10.9% in the 2nd quarter of 2020.

Global Tissue Glue and Bio-adhesive Sealants Market – Key Trends

Increasing adoption of inorganic activities by market players

Increasing adoption of inorganic activities by market players such as acquisition to expand the product portfolio of their manufacturer is expected to drive the global tissue glue and bio-adhesive sealants market growth over the forecast period. For instance, on October 5, 2022, Collagen Matrix, Inc. a regenerative medicine and a Linden Capital Partners portfolio company, announced the acquisition of Polyganics, B.V., a medical technology company that develops and manufactures bioresorbable medical devices. The acquisition expands Collagen Matrix’s portfolio of bioresorbable solutions and technology platforms for bone and tissue repair.