Global Surgical Glue Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Healthcare Date : April 30th, 2018
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The global surgical glue market is projected to witness a CAGR of 9.21% over the forecast period. The market is likely to expand from USD 3,731 million in 2017 to USD 6,843 million by 2024. The growth is attributed to the increasing number of surgeries and growing number of clinical applications. Moreover, advances in the development of new surgical glue as well as emerging applications in regenerative medicine are further boosting the market growth. The years used for the assessment are as follows:

Historical year: 2014, 2015 and 2016

Base year: 2017

Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

  • The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total global surgical glue market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global surgical glue market
  • Finalizing the overall size and share of the global surgical glue market 

OBJECTIVES:

  • To analyze market trends, opportunities, drivers, and restraints associated with the global surgical glue market
  • To study market response with respect to the mergers and acquisitions in the industry
  • To profile key companies operating in the global surgical glue market and provide their competitive landscape

MARKET SCOPE

The research scope for Global Surgical Glue Market is as follows:

By Product Type

  • Fibrin Sealants
  • Hydrogel
  • Cyanoacrylates
  • Gelatin and Thrombin
  • Urethane based adhesive
  • Albumin and Glutaraldehyde
  • Collagen based compound
  • Others

By Application

  • Cardiac Surgery
  • General Surgery
  • Gynecological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Plastic Surgery
  • Urological Surgery
  • Wound Management
  • Others

By End-use

  • Hospitals
  • Surgical Centers
  • Clinics
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

No Stitching, Only Sticking with Surgical Glue

The global surgical glue market is projected to witness a CAGR of 9.21% over the forecast period. The market is likely to expand from USD 3,731 million in 2017 to USD 6,843 million by 2024. The growth is attributed to the increasing number of surgery and growing number of clinical application. Moreover, advances in the development of new surgical glue as well as emerging applications in regenerative medicine are further boosting the market growth.

Surgical glue are increasingly gaining more popularity in different areas of medical application, including healing and wound closer, tissue engineering, among others. Moreover, the growth is also driven by the growing demand in clinical applications such as controlling blood during the surgery; prevent unstable hemodynamics, and lowering overall mortality and morbidity rate. Surgical glue is important in medical surgery to prevent massive blood loss caused by traumatic injuries and during surgical operations. Recently fibrin glue has received approval from the U.S. FDA and European Union for their use in spleen trauma, cardiovascular surgery and for the closure of colostomies. Tisseel, biocol, and beriplast are some of the commercially prepared fibrin sealants.

The surgical glue controls blood during surgery and minimizes the risk of infection, and lowering the mortality and morbidity rate. The tissue adhesives sealants are used as suture adjuncts and for sealing wounded tissues. They are gaining popularity for their easy to use and post-operative comfort. Healthcare researchers have developed surgical glue which is used in emergency situations by sealing up critical wounds in the organs and skin, without the need for sutures and staples.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Surgical Glue – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the Global Surgical Glue Market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.6. Regulatory Trends

3.7. Market Dynamics

3.7.1. Market driver analysis

  3.7.1.1. Growing number of surgeries

  3.7.1.2. Increasing number of road accidents

  3.7.1.3. Growing number of research and development activities

3.7.2. Market restraint analysis

 3.7.2.1. Risk of passing of infections

      3.7.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive aanalysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Surgical Glue Market Size and Forecast (2014 – 2024) (US Million)

5.1. Global Surgical Glue Market, By Product Type (USD Million)

5.1.1. Fibrin Sealants

5.1.2. Hydrogel

5.1.3. Cyanoacrylates

5.1.4. Gelatin and Thrombin

5.1.5. Urethane based adhesive

5.1.6. Albumin and Glutaraldehyde

5.1.7. Collagen based compound

5.1.8. Others

5.2. Global Surgical Glue Market, By Application (USD Million)

5.2.1. Cardiac Surgery

5.2.2. General Surgery

5.2.3. Gynecological Surgery

5.2.4. Neurosurgery

5.2.5. Orthopedic Surgery

5.2.6. Plastic Surgery

5.2.7. Urological Surgery

5.2.8. Wound management

5.2.9. Others

5.3. Global Surgical Glue Market, By End-use (USD Million)

5.3.1. Hospitals

5.3.2. Surgical Centers

5.3.3. Clinics

5.3.4. Others

CHAPTER 6. Global Surgical Glue Market Size and Forecast, By Geography (2014-2024)

6.1. North America Surgical Glue Market

6.1.1. North America Surgical Glue Market, By Product Type (USD Million)

6.1.2. North America Surgical Glue Market, By Application (USD Million)

6.1.3. North America Surgical Glue Market, By End-use (USD Million)

6.1.4. North America Surgical Glue Market, By Country

  6.1.4.1. U.S.

  6.1.4.2. Canada

  6.1.4.3. Rest of North America

6.2. Europe Surgical Glue Market

6.2.1. Europe Surgical Glue Market, By Product Type (USD Million)

6.2.2. Europe Surgical Glue Market, By Application (USD Million)

6.2.3. Europe Surgical Glue Market, By End-use (USD Million)

6.2.4. Europe Surgical Glue Market, By Country

  6.2.4.1. Germany

  6.2.4.2. France

  6.2.4.3. U.K.

  6.2.4.4. Italy

  6.2.4.5. Spain

  6.2.4.6. Rest of Europe

6.3. Asia-Pacific Surgical Glue Market

6.3.1. Asia-Pacific Surgical Glue Market, By Product Type (USD Million)

6.3.2. Asia-Pacific Surgical Glue Market, By Application (USD Million)

6.3.3. Asia-Pacific Surgical Glue Market, By End-Use (USD Million)

6.3.4. Asia-Pacific Surgical Glue Market, By Country

  6.3.4.1. China

  6.3.4.2. Australia

  6.3.4.3. Japan

  6.3.4.4. India

  6.3.4.5. Rest of Asia-Pacific

6.4. Latin America Surgical Glue Market

6.4.1. Latin America Surgical Glue Market, By Product Type (USD Million)

6.4.2. Latin America Surgical Glue Market, By Application (USD Million)

6.4.3. Latin America Surgical Glue Market, By End-use (USD Million)

6.4.4. Latin America Surgical Glue Market, By Country

  6.4.4.1. Mexico

  6.4.4.2. Brazil

  6.4.4.3. Rest of Latin America

6.5. Middle East and Africa Surgical Glue Market

6.5.1. Middle East and Africa Surgical Glue Market, By Product Type (USD Million)

6.5.2. Middle East and Africa Surgical Glue Market, By Application (USD Million)

6.5.3. Middle East and Africa Surgical Glue Market, By End-Use (USD Million)

6.5.4. Middle East and Africa Surgical Glue Market, By Country

  6.5.4.1. Saudi Arabia

  6.5.4.2. Israel

  6.5.4.3. UAE

  6.5.4.4. Iran

  6.5.4.5. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Takeda Pharmaceutical Company Limited.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Johnson & Johnson

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Cohera Medical, Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Cardinal Health

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. C. R. Bard, Inc.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Advanced Medical Solutions Group plc

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. CryoLife Inc.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Medtronic PLC

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Baxter International Inc.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Ocular Therapeutix, Inc.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. B. Braun Melsungen AG

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Abbreviation

Global Surgical Glue Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024