Europe Surgical Sealants and Adhesives Market Analysis and Business Strategies by Market Data Forecast

According to the report Europe Surgical Sealants and Adhesives Market, published by Market Data Forecast the Market size was approx. USD 560 million in 2016. It is projected to grow at a CAGR of 9.7 % to reach USD 900 million by 2021. It is the second largest market commanding 30% of the global market share.

Surgical sealants and adhesives are a better substitute for traditional closure methods for example, wires, sutures, and staples because these techniques create immediate and proper sealing. Owing to their improved closure capabilities, higher implementation rate facilitating less painful operation and less blood loss surgical sealants and adhesives is likely to replace sutures and staples. General surgery, central nervous system, pulmonary cardiovascular, orthopaedic ophthalmology, urology, are major applications.

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Dire need to bring the blood loss in patients to a minimum coupled with growing cases of surgical procedures occurring globally are the major factors driving the growth of the market. In addition, certification by FDA for the adoption of technological advanced products along with the demand for sealants & adhesives having CE Mark Approvals are the secondary factors boosting the market growth.

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Growing data requirements for clinical study designing & launching new products conjoined with lack of proper reimbursements in case of surgical adhesive are hampering the growth of this market.

The Europe Surgical Sealants and Adhesives market can be categorized into three categories: by product, by indication and by application. On the basis of product, Europe Surgical Sealants and Adhesives market is classified into Natural/Biological Sealants and Adhesives and Synthetic and Semi-Synthetic Sealants and Adhesives. Natural/Biological Sealants and Adhesives is further segmented into type and origin. By type it is categorized into Polypeptide/Protein-based Sealants and Adhesives (Fibrin-based Adhesives, Gelatine-based Adhesives, Collagen-based Adhesives and Albumin-based Adhesives) and Polysaccharide-based Sealants and Adhesives (Polysaccharide-based Sealants and Adhesives and Other Polysaccharide-based Adhesives). By Origin it sub-segmented into Human Blood-based and Animal-based.

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Further, Synthetic and Semi-Synthetic Sealants and Adhesives has been categorized into Cyanoacrylates, Polyethylene glycol Hydrogels, Urethane-based Adhesives and Other Synthetic Adhesives. In the polypeptide sealants and adhesives category, the fibrin-based adhesives commanded the largest market share because of the wide range of applications of these sealants in surgical areas for example, cardiac, spleen surgeries, liver, colonic anastomosis, and seroma prevention after soft tissue dissections.

Furthermore, the gelatine-based adhesives category is estimated to grow at the highest CAGR during the aforementioned forecast period because of their tensile strength, high elasticity and high-adhesive. Moreover, on the basis of indication, the market is segmented into Surgical Haemostasis, Tissue Sealing and Tissue Engineering. In addition, on the basis of application the market can be categorized into Central Nervous System (CNS) Surgeries, General Surgeries, Cardiovascular Surgeries, Orthopaedic Surgeries, Cosmetic Surgeries, Urological Surgeries, Pulmonary Surgeries, Ophthalmic Surgeries and Other Applications.

By geography, the Europe Surgical Sealants and Adhesives market has been categorized into UK, Spain, France, Germany and others. It is the second largest market in terms of market share. UK is the leading market in the region. Increased number of FDA and CE approvals resulting in growing adoption of surgical sealants and technological advancements are the causes attributed to the observable trend mentioned above.

CryoLife, Inc. (U.S.), Johnson & Johnson (Ethicon, Inc., Baxter International, Inc. (U.S.), and C.R. Bard, Inc. (U.S.) held the key share of the surgical sealants and adhesives market and are likely continue to dominate the market between 2016 and 2021. Some of the primary players operating in this market are Cohera Medical, Inc. (U.S.), Ocular Therapuetix, Inc. (U.S.), Vivostat A/S (Denmark), and Sealantis Ltd. (Israel), Medtronic plc (U.S.), Sanofi Group (France), B. Braun Melsungen AG (Germany).

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