Surgical Sealant and Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

Surgical Sealant and Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Surgical Sealant and Adhesives market is estimated to be USD 1,929.47 million in 2021. It is expected to reach USD 2,799.26 million by 2027, registering a CAGR of 6.57% from 2022 to 2027.

The pandemic had ramifications for ways of working of various surgical procedures. There are strict guidelines specific to each specialty that must be implemented and followed for surgeons to continue to provide safe and effective care to their patients during the COVID-19 pandemic. The volume of surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries, impacting the procurement of surgical sealants and adhesives in surgical centers. The surgical procedures have been delayed, and the number of surgical procedures decreased. A study published in December 2021 entitled “Trends in US Surgical Procedures and Health Care System Response to Policies Curtailing Elective Surgical Operations During the COVID-19 Pandemic” showed that the overall rate of surgical procedures decreased by 48.0% during the initial shutdown of elective procedures compared to the same period in 2019 in the United States. This decline in surgical procedures led to decreased demand for surgical sealant and adhesives as well.

Sealants and adhesives are an integral part of any surgery. They play a vital role in surgeries as they help the tissues to heal. Due to the rising prevalence of chronic diseases, surgeries have increased as most chronic diseases in later stages demand surgeries. As per Dementia Australia updates from July 2022, more than 459,000 Australians were living with dementia in 2020, and about 1.6 million were involved in their center for care. It is estimated that the number of people with dementia is expected to reach 1.1 million by 2058, and dementia will become the second-leading cause of death in the country in the next five years.

A growing number of surgical procedures due to sports injuries, accidents, dental surgeries, and orthopedic surgeries owing to a high prevalence of dental problems, orthopedic diseases, and other chronic conditions where the surgery is being suggested as mandatory is the major factor that is driving the surgical sealents and adhesives market. The National Safety Council (NSC) facts and figures for injury in the United States July 2020 report shows that bicycling accounted for about 426,000 injuries, and exercise, with or without equipment, accounted for about 378,000 injuries. The injuries due to ATV, moped, and minibike were 230,000, and those due to skateboard, scooter, and hoverboard were 218,00. Therefore, an increasing number of injuries is expected to propel the growth of the surgical sealants and adhesives globally.

Healthcare in developing countries is undergoing rapid changes. The growing population in these countries is likely to lead to increased demand for medical devices. The growing burden of diseases and innovative medical treatments contributed to nearly two-thirds of the rise in spending. Spending on healthcare in countries such as China and India is expected to increase during the forecast period. According to a report by the World Economic Forum, it is estimated that one-third of all global health expenditure will be accounted for by emerging economies by 2022. Certain investments in the healthcare sector offer attractive long-term financial benefits. Medical care is one such area in which individuals tend to increase spending as incomes grow.

However, reimbursement policies not favoring surgical sealants and adhesives and availability of alternative methods are expected to restrain the growth of the surgical sealant and adhesives market.

Key Market TrendsThe General Surgery Segment is Expected to Dominate the Market in the Forecast Period

General surgery focuses on the abdominal area, including the esophagus, stomach, small intestine, large intestine, liver, pancreas, gallbladder, appendix, bile ducts, and often the thyroid gland. It generally deals with diseases that involve the skin, breast, soft tissue, peripheral vascular surgery, and hernias. Abdominal surgery is one of the most common types of surgeries performed across the world. Hysterectomies, gall bladder surgeries, hernia surgeries, prostatectomies, and cholecystectomies are major surgeries performed across the world. According to the Organization for Economic Cooperation and Development (OECD), in 2021, around 229.5 and 134.6 cholecystectomies were performed in Germany and Italy, respectively.

As per the same source mentioned above, in 2020, around 113,862 and 32,755 appendectomies were performed in Germany and Italy, respectively. The prevalence of abdominal surgeries is rising globally, positively impacting the overall market growth. Adhesives play a vital role in general surgeries. Natural and synthetic polymeric materials can be employed to generate three‐dimensional networks that physically or chemically bind to the target tissues and act as hemostats, sealants, or adhesives. As the number of general surgeries increases, the demand and procurement of adhesives and sealants will also increase, considering they are a vital part of the surgery. Hence, this is expected to boost market growth.

Thus, the segment is expected to witness significant growth over the forecast period due to the abovementioned factors.

North America is Expected to Dominate the Market in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. In the North American region, the United States holds the largest market share, and this is due to better regulations of surgical devices and growing awareness among the population to approach such procedures in case of injuries and chronic disease problems.

According to the National Safety Council (NSC), in July 2021, 526,000 injuries were reported due to personal exercise, 500,000 players were injured due to basketball, 457000 due to bicycling, and 341,000 due to football. NSC also reported that 199,000 swimming injuries were treated in the emergency room. Spine, shoulder, head, and knee injuries accounted for more than 50% of these total injuries.​ Thus, increasing the number of injuries that required medical attention thereby boosts the market studied.

Additionally, according to the Center for Diseases Control and Prevention, in 2020, about 600,000 women in the United States have a hysterectomy every year, about 460,000 United States residents have a cholecystectomy, and 1.3 million pregnant women seek C-section in the United States. All these procedures require surgical scissors, boosting the market growth in the country.

Thus, the market is expected to witness significant growth over the forecast period due to the above-mentioned factors.

Competitive Landscape

The market studied is moderately competitive with local and global companies. International companies are manufacturing the majority of surgical sealants and adhesives. Market leaders with more funds for research and a better distribution system have established their position in the market. Moreover, Asia-Pacific is witnessing the emergence of some small players, which helped the market growth.

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