Market Definition
Surgical glue is a polymer used to repair major and 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 compared to conventional staplers and surgical sutures, including less scarring, lower rates of infection, no stitches to remove, and less time in the operating room, among others.
Market Dynamics
The Next-generation Surgical Glue Market size is anticipated to reach over USD 5.1 Billion in 2033, growing at 6.75% during the forecast period.
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.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The report analyses the Next-generation Surgical Glue Market based on type, application, end-user, and region. Based on type, it is segmented into natural and synthetic & semi-synthetic. By application, it is divided into pulmonary surgery, central nervous system surgery, cardiovascular surgery, orthopedic surgery, general surgery, cosmetic surgery, and others. By end-user, it is categorized into hospitals, ambulatory surgical centers, and others. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
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Key Player
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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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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