What is the projected growth of the surgical sealants market?
A: The global surgical sealants market is expected to grow at a CAGR of 7.2% from 2023 to 2030, reaching a value of $3.1 billion by 2030.
Which region is expected to dominate the market?
North America currently holds the dominant position, with the U.S. driving significant growth due to a rising geriatric population and increasing cancer cases.
Who are the major players in the surgical sealants market?
Key players include Johnson & Johnson, Baxter International, Becton, Dickinson, and Company, Cardinal Health, and Stryker Corporation. These companies are actively pursuing new product launches and expansion strategies.
What are the key drivers of market growth?
The rising number of surgical procedures, increasing demand for minimally invasive surgeries, and growing adoption of biocompatible sealants are key factors driving market growth.