Fibrin Glue Market 2016 Industry Size, Shares, Segment & Forecast up to 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/08/2016 -- Fibrin Glue Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020
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Fibrin glue is also called as fibrin sealant. It is a formulation used to create a fibrin clot. It is made up of fibrinogen and thrombin that are applied to the tissue sites to glue them together. Also, Fibrin glue is the type of surgical sealant used in surgeries for closure of wounds in surgical treatment. High internal bond strength, high surface adherence strength and others are the characteristics of fibrin glue. Fibrin glue is primarily used in cardiac surgery, pulmonary surgery, vascular surgeries, burn bleeding, orthopedic surgeries, plastic surgery, general surgery and lacerations of liver and spleen.
The fibrin glue market mainly is driven by increasing healthcare expenditure, rising aging population and increasing government financial support. Increasing no of chronic wounds, venous ulcers, diabetic ulcers and the relatively-low chances of complication associated with these products are another key factor of this market. Growing healthcare awareness is expected to fuel the market growth in coming years. However, minimal invasive procedures, such as laparoscopic and endoscopic surgeries, are expected to be major key restraining factor hampering the growth of the fibrin glue market.
In order to give the users of this report a comprehensive view on the fibrin glue industry, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the fibrin glue market has also been included. The study encompasses a market attractiveness analysis, wherein applications segments are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides a decisive view on the fibrin glue market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application segments covered under this study includes cardiac surgery, pulmonary surgery, burn bleeding, vascular surgeries, neurosurgery, orthopedic surgeries, lacerations of liver and spleen, plastic surgery and general surgery. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for fibrin glue based on individual applications in all the regions and countries. Fibrin glue market was dominated by North America due to the major demand for higher aging population and increasing number of surgical procedures in the region.
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