Global 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) 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), as highlighted in a new report published by Coherent Market Insights.
The key market players in the market are focusing on the adoption of organic growth strategies, such as product launches to expand their product portfolio, which is expected to drive market growth over the forecast period. For instance, on January 31, 2022, Chemence Medical, Inc., a manufacturer and distributor of adhesive-based medical devices, received Food and Drug Administration clearance to sell the Exofin Precision Pen, as a new medical device for wound closure. The Exofin Precision Pen will enable medical provider’s greater versatility and exactness in closing wounds while also improving ease of use in applying topical skin adhesive.
Global Infection Surveillance Solutions Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a negative impact on the global tissue glue and bio-adhesive sealants market. During the COVID-19 pandemic, elective operating services and surgical procedures were restricted and appointments were either cancelled or postponed.
Global Infection Surveillance Solutions Market: Key Developments
Increasing acquisition by the key market is expected to aid in the growth of the global tissue glue and bio-adhesive sealants market. For instance, in December 2021, Becton Dickinson medical technology company that manufactures and sells medical devices, instrument systems, and reagents., and Company announced the acquisition of Tissuemed, Ltd, an industry-leading developer of self-adhesive surgical sealant films. The objective behind the acquisition was to bring the Tissuepatch surgical sealant into BD’s biosurgery product suite and expand its offerings to surgeons outside the U.S.
Browse 26 Market Data Tables and 22 Figures spread through 170 Pages and in-depth TOC on “Global Tissue Glue And Bio-Adhesive Sealants Market”- Forecast to 2030, Global 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)
To know the latest trends and insights prevalent in this market, click the link below:
Key Takeaways of the Global Tissue Glue and Bio-Adhesive Sealants Market:
- The global tissue glue and bio-adhesive sealants market is expected to exhibit a CAGR of 8.1% during the forecast period due to the increasing emergence of COVID-19. Government bodies across the globe are focusing to curb COVID-19 with important measures, such as nationwide lockdowns, social distancing, and large-scale quarantine to prevent the spread of the coronavirus
- Among product type, collagen based sealants segment is estimated to hold a dominant position in the global tissue glue and bio-adhesive sealants market over the forecast period. The increasing consumption of collagen-based sealants in the dental sector is expected to grow the market size during the forecast period.
- Major players operating in the global infection surveillance solutions market include Cryolife, Baxter International Inc., Luna Innovations Incorporated, B. Braun Melsungen AG, Johnson and Johnson, Dentsply Sirona Inc., Cohera Medical, Inc., Chemence Medical, Inc., Tissuemed Ltd., C.R. Bard Inc., and Integra LifeSciences Corporation.
