Surgical Glue Market Growth Analysis, Share, Demand by Regions, Types and Share Forecast by 2023by Deepak Kumar Sr. SEO Executive
The surgical glue market is projected to reach $6,936.5 million by 2023. The market growth is mainly driven by the rise in number of surgical procedures and burn cases along with increasing incidence of road accidents globally.
Surgical glue is a special kind of medical adhesive or sealant which is used in facilitating closing and healing of wounds or surgical incisions. It is a capable option for replacing sutures and staples in healing minor cuts and incisions.
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The cyanoacrylate is expected to be the highest growing category in the surgical glue market during the forecast period, due to its durability, strength, and waterproof nature. Increasing use of cyanoacrylate by end users in the adhesion and repair of tissues and blood vessels; plastic surgeries; topical or minor lacerations; surgical incisions; and ophthalmology is primarily driving its growth in the market.
The surgical glue market is expected to witness the highest growth in APAC, with a CAGR of 11.6% during the forecast period, attributed to growing geriatric population, rising incidence of road accidents and burns cases, and increasing per capita income in the region.
The global population is witnessing an increase in the life expectancy rate and a drop in the birth rate, resulting in the growth of geriatric population. Elderly people are more prone to illnesses owing to low immunity levels and require longer recovery time.
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Some of the major players operating in the global surgical glue market are Advanced Medical Solutions Group PLC, B. Braun Melsungen AG, Baxter International Inc., C. R. Bard Inc., Cardinal Health Inc., Cohera Medical Inc., CryoLife Inc., Integra LifeSciences Holdings Corporation, Johnson & Johnson, Medtronic PLC, and Takeda Pharmaceutical Company Limited.
GLOBAL SURGICAL GLUE MARKET SEGMENTATION
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Created on Mar 28th 2019 05:23. Viewed 63 times.