Global Next-generation Surgical Glue Market report from Global Insight Services is the single authoritative source of intelligence on Next-generation Surgical Glue Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The Next-generation Surgical Glue Market size is anticipated to reach over USD 4.3 Billion by 2031, growing at a rate of 7.65% from 2022 to 2031.
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Surgical glue is a polymer that is used to repair major as well as minor wounds, including, incisions made during laparoscopic surgery, lacerations, and wounds on the groin or in the face. The surgical glue is also known as “liquid stitches”, “tissue adhesive” or “2-octyl cyanoacrylate (DERMABOND)”. In addition, this glue has several benefits as compared to conventional staplers and surgical sutures which include less scarring, lower rates of infection, no stitches to remove, and lesser time in the operating room among others.
Market Drivers and Trends
Some of the factors contributing to the growth of the next-generation surgical glue market are the rising number of traumatic injuries, the growing number of surgical procedures and burn cases, in couple with the increasing incidences of road accidents worldwide. In addition, the growing health awareness in addition to the high prevalence of several diseases which includes respiratory diseases, heart diseases, cancer, and skin diseases have augmented the opportunities for surgeries globally. For instance, as per the World Health Organization (WHO) report 2020, nearly 1.35 million people die every year due to road traffic crashes. In addition, nearly 20-50 million people experience non-fatal injuries, with many experiencing a disability as a result of their injury. Over 90% of the global fatalities on the roads happen in low and middle-income nations, although these nations have around three-fifths of the world’s vehicles. Therefore, the growing occurrence of diseases accompanied by road injury cases is anticipated to drive the next-generation surgical glue market growth.
Further, surgical glue is rapidly achieving clinical approval on the back of the growth in demand for cutting-edge hemostasis products for advancing surgical outcomes in diverse medical specialties. Major companies in the next-generation surgical glue market are orientated on enhancing the user-friendliness, efficacy, as well as safety of adhesives & sealants used for closing incisions in traumatic injuries. This, in turn, has led to the initiation of ergonomic designs in the next-gen surgical glue market.
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Further, the other factor boosting the growth of the Next-generation Surgical Glue Market is a rise in the prevalence of cardiovascular and orthopedic disorders. Besides, the growth of the Next-generation Surgical Glue Market is also attributed to the growing demand for high-performance and efficient surgical products globally. Increasing awareness regarding the benefits of the Next-generation Surgical Glue Market is expected to positively impact the revenue growth of the market over the forecast period. In addition, developments in Next-generation Surgical Glue positively contribute to the growth of the Next-generation Surgical Glue Market. Further, the rising demand for Next-generation Surgical Glue from emerging economies to treat patients suffering from various diseases effectively is expected to cater to the growth of the Next-generation Surgical Glue industry. Furthermore, technological advancements in Next-generation Surgical Glue are anticipated to offer lucrative opportunities for the market players.
Next-generation Surgical Glue Market Segmentation
The report analyses the Next-generation Surgical Glue Market based on type, application, end-user, and region.
Next-generation Surgical Glue Market by Type
Based on type, it is segmented into natural and synthetic & semi-synthetic. The natural is sub-segmented into fibrin, collagen, and gelatin. Likewise, the synthetic and semi-synthetic segment is also sub-segmented into cyanoacrylate, polymeric hydrogel, and urethane-based adhesive. The demand for synthetic and semi-synthetic segment is expected to grow significantly in the forecast period. The growth of this segment can be attributed to the rise in the number of surgical procedures performed globally. Synthetic and Semi-Synthetic glue is generally chosen by the patients owing to its better adhesion and cost-effectiveness as compared to natural glue.
Next-generation Surgical Glue Market by Application
By application, it is divided into pulmonary surgery, central nervous system surgery, cardiovascular surgery, orthopedic surgery, general surgery, cosmetic surgery, and others. The demand in the next-generation surgical glue market for cosmetic surgery is expected to grow significantly in the forecast period. Cardiovascular surgery is expected to hold a significant share of the market due to the rise in the number of cardiac disorders & laparoscopic surgeries, along with an increase in demand for next-generation surgical glue for performing surgeries efficiently.
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Next-generation Surgical Glue Market by End-User
By end-user, it is categorized into hospitals, ambulatory surgical centers, and others. The demand for next-generation surgical glue in hospitals is expected to grow significantly during the forecast period. A variety of surgeries such as interventional cardiac procedures, open-heart surgery, and occlusion procedures are performed in the hospital cardiac departments. The rise in spending on healthcare infrastructure in emergent economies has resulted in the usage of cutting-edge surgical products in these facilities. In addition, numerous hospitals globally are funding to expand the cardiology unit. Therefore, due to the high procedural volume along with a preference for well-resourced facilities by patients, the hospital segment will witness robust growth in the upcoming years.
Further, there is an apparent lack of double-blind controlled trials and randomized trials in researchers assessing different surgical glues. Also, the landscape is not so regulated. This, in turn, may result in low compensation for the cost of surgical glues. Therefore, there is a need for improving the marketing strategies and goals of companies performing trials on surgical glues. Demand arising from ambulatory surgery centers is expected to help them surmount the price constraints.
Regional Analysis of Next-generation Surgical Glue Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest market share in the Next-generation Surgical Glue Market in 2021 as the U.S. and Canada are investing in the R&D of these devices. In addition, factors such as rapid development in the healthcare industry, the growing development of the clinical specialty, and the growing demand for effective surgical glue are anticipated to propel the growth of the Asia-Pacific Next-generation Surgical Glue Market. Besides, the presence of numerous medium-to-large players in North America and European countries is also attributable to rapid revenue growth. Thus, the demand for Next-generation Surgical Glue would have a positive influence during the forecast period.
Major Players of the Next-generation Surgical Glue Market
The Next-generation Surgical Glue Market report includes players such as Grünenthal Group, Braun Melsungen AG, Becton, Dickinson, and Company, Baxter International Inc., Advanced Medical Solutions Group plc, Cardinal Health Inc., CryoLife Inc., Johnson & Johnson, Medtronic plc, and Integra LifeSciences Corporation.
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