The global tissue sealants and tissue adhesive market is anticipated to witness significant growth, according to the latest report by Future Market Insights (FMI). The report forecasts a robust Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period 2022 to 2032, marking an increase from US$ 1,509.6 Million in 2021 to an estimated US$ 2,876.9 Million by 2027.
FMI’s comprehensive analysis underscores the industry’s resilience and potential for expansion, even in the challenging context of the pandemic. The adoption of a multidisciplinary approach enabled FMI to navigate the complexities of the pandemic era, focusing on the continuous growth and development of the Tissue Sealants and Tissue Adhesive Market.
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The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.
It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles.
However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
The team of analysts at Future Market Insights are focussing on research and market study to produce different Tissue Sealants and Tissue Adhesive Market forecasts and predictions at both national and international levels.
They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Tissue Sealants and Tissue Adhesive Market.
Key Takeaways:
- Rising prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes, is driving the demand for tissue sealants and tissue adhesives.
- Increasing geriatric population, which is more susceptible to injuries and surgeries, is also fueling the market growth.
- Technological advancements in tissue sealants and tissue adhesives are leading to the development of new and innovative products with improved properties.
- Growing adoption of minimally invasive surgeries is creating new opportunities for the market players.
- North America is the largest market for tissue sealants and tissue adhesives, followed by Europe and Asia Pacific.
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Key Trends:
- Increasing use of tissue sealants and tissue adhesives in peripheral nerve repair: Tissue sealants and tissue adhesives are increasingly being used to repair peripheral nerves. This is because they offer several advantages over traditional suturing methods, such as faster healing time, reduced pain and inflammation, and improved nerve function.
- Rising demand for tissue sealants and tissue adhesives in bone-related disorders: The demand for tissue sealants and tissue adhesives is also rising in the treatment of bone-related disorders, such as osteoporosis and vertebral compression fractures. This is because tissue sealants and tissue adhesives can help to improve the stability and strength of bones, and reduce the risk of fractures.
- Growing R&D in tissue sealants and tissue adhesive: Key players in the market are investing heavily in R&D to develop new and innovative tissue sealants and tissue adhesives with improved properties. This is expected to boost the market growth in the coming years.
Key Companies Profiled:
- Baxter International Inc.
- Johnson & Johnson
- Exapharma
- Smith & Nephew
- C.R Bard and Integra LifeSciences
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Key Segmentation:
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
By Product Type:
- Gelatin Based Sealants
- Collagen Based Sealants
By Application:
- Cardiovascular Surgery
- Burns & Skin Grafting
- Cosmetic
- Reconstructive
By End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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