The global surgical sealants and adhesives market was valued at $1,993 million in 2016, and is expected to reach $3,794 million by 2023, registering a CAGR of 9.7% from 2017 to 2023. Surgical sealants and adhesives are preferred over traditional closure methods such as wires, sutures, and staples, as these techniques create immediate and proper sealing. Surgical sealants and adhesives are expected to replace sutures and staples, owing to their improved closure capabilities, less blood loss, higher implementation rate facilitating less painful operation. Moreover, they are applicable in various surgeries such as central nervous system, general surgery, cardiovascular, pulmonary, ophthalmology, orthopedic, urology, and other surgeries.
New York, NY -- (SBWIRE) -- 06/13/2019 -- Key players include: Baxter International Inc., B. Braun Melsungen AG, Cohera Medical, Inc., CryoLife Inc., C.R. Bard Inc., CSL Limited (CSL Behring), Johnson & Johnson (Ethicon, Inc.), Ocular Therapeutix Inc., Sanofi, Sealantis Ltd.
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The recent report, Surgical Sealants and Adhesives market fundamentally discovers insights that enable stakeholders, business owners and field marketing executives to make effective investment decisions driven by facts – rather than guesswork. The study aims at listening, analyzing and delivering actionable data on the competitive landscape to meet the unique requirements of the companies and individuals operating in the Surgical Sealants and Adhesives market for the forecast period, 2019 to 2023. To enable firms to understand the Surgical Sealants and Adhesives industry in various ways the report thoroughly assesses the share, size and growth rate of the business worldwide.
Urgent need to minimize blood loss in patients and increase in cases of surgical procedures occurring across different countries are the key factors driving the growth of the surgical sealants and adhesives market. Furthermore, surge in adoption of technological advanced products along with certification by regulatory authorities is expected to boost the market growth. However, improper reimbursements in case of surgical adhesive and high costs along with huge data requirements for clinical study designing & launching new products are the factors that hamper the growth of the market. On the contrary, upsurge in demand for surgical sealants & adhesives across the emerging nations are anticipated to offer lucrative growth opportunities for the market.
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Global Surgical Sealants and Adhesives Market Analysis by Application:
1 Global Surgical Sealants and Adhesives Consumption and Market Share by Application (2012-2019)
2 Global Surgical Sealants and Adhesives Consumption Growth Rate by Application (2012-2019)
3 Market Drivers and Opportunities
3.1 Potential Applications
3.2 Emerging Markets/Countries
The extensive documentation of the Surgical Sealants and Adhesives industry gives access to all the factors expected to influence the growth prospect of the business worldwide. Nobel effort to capture the factors that impede the growth of the market is clearly visible in the report. These factors result in an effective and reliable branding and promotion and marketing plan. In addition, comprehensive coverage of recent advancements, product nearing development stage, project pipeline, and major industrial players offer all the confidence a business owner needs to design a business strategy that will drive company's success.
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Non-destructive testing (NDT) involves various testing methods to inspect the products without tampering the product. The global Surgical Sealants and Adhesives market is expected to witness significant growth in the future, technological advancements in hardware, such as tubes, sources, and detectors. In addition, continuous upgrades in software contribute significantly toward improving the efficiency of X-ray inspection systems. Industries such as aerospace and automotive witness high adoption rates of X-ray detectors due to their ability to provide high image quality and accuracy.
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2023? What will be the share and the growth rate of the Surgical Sealants and Adhesives Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Surgical Sealants and Adhesives market across the different regions?
- What are the challenges faced by the companies operating in the Surgical Sealants and Adhesives Market?
- What are the future prospects for the Surgical Sealants and Adhesives Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Surgical Sealants and Adhesives industry during the forecast period, 2019 to 2023?
- What are the future prospects of the Surgical Sealants and Adhesives industry for the forecast period, 2019 to 2023?
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