Surgical Glue Market Share & Growth Analysis By 2030
- VynZ Research
- Oct 5, 2023
- 3 min read
In the fast-evolving realm of medical advancements, the global surgical glue market is poised to reach an astonishing $9.835.1 million by 2030, boasting an impressive Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. This data comes from an extensive report by the renowned VynZ Research.
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The Marvel of Surgical Glue
Surgical glue, also referred to as tissue adhesive or liquid stitches, is a revolutionary medical innovation used for sealing wounds and staunching bleeding. This marvel of modern medicine provides a safe and effective alternative to conventional sutures and staples, and it's gaining favor among surgeons worldwide.
What's Fueling the Growth?
Several compelling factors are propelling the global surgical glue market's expansion:
1. Minimally Invasive Surgery on the Rise
Minimally invasive surgery is gaining ground, thanks to its less invasive techniques and smaller incisions compared to traditional surgery. This approach offers myriad advantages, including shorter recovery periods and reduced pain levels. Surgical glue plays a pivotal role in this surgical paradigm by proficiently closing wounds and halting bleeding.
2. Escalating Prevalence of Chronic Diseases
The global surge in chronic diseases, such as cancer and cardiovascular conditions, demands complex surgical procedures. Surgical glue is proving to be an invaluable tool in the hands of surgeons navigating these intricate operations.
3. Increasing Healthcare Expenditure
With the world's aging population and the rising prevalence of chronic diseases, healthcare spending is on an upward trajectory. This has spurred investments in cutting-edge medical technologies like surgical glue, further driving market growth.
Delving Deeper: Market Segmentation
The VynZ Research report has segmented the global surgical glue market based on type, application, and end user.
- Types Matter: Fibrin Sealant Takes the Lead
Among the various types of surgical glue, the fibrin sealant segment is poised to seize the lion's share of the market during the forecast period. Its superior adhesive properties make it an indispensable asset in the medical toolkit.
- Applications that Matter: Cardiac Surgery Takes the Spotlight
When it comes to applications, cardiac surgery stands at the forefront. It not only held sway during the historical period but is also projected to contribute more than 24.0% of the global surgical glue market in 2021. The importance of surgical glue in cardiac surgery cannot be overstated.
- End Users Leading the Way: Hospitals
In the landscape of end users, hospitals emerge as the dominant segment. Their reliance on surgical glue, given its versatility and efficacy, is a testament to its value in the medical domain.
The Key Players
A competitive market always boasts a roster of influential players. In the global surgical glue market, these key players are at the forefront of innovation:
Baxter International: A leader in the healthcare industry, Baxter International continues to pioneer advancements in surgical glue.
Integra LifeSciences: Known for its dedication to improving patients' lives, Integra LifeSciences plays a vital role in the surgical glue market.
Ethicon, Inc. (Johnson & Johnson): A household name, Johnson & Johnson's Ethicon, Inc., remains committed to delivering top-notch medical solutions, including surgical glue.
Medtronic plc: Renowned for its medical technologies, Medtronic plc is a significant player in the surgical glue arena.
CryoLife, Inc.: CryoLife, Inc. is another prominent entity, contributing to the growth and development of surgical glue applications.
Conclusion
The global surgical glue market is on an upward trajectory, driven by the demand for minimally invasive surgery, the prevalence of chronic diseases, and increasing healthcare expenditure. As surgical techniques continue to evolve, surgical glue will remain a pivotal tool in the hands of skilled medical professionals.
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