"U.S.Medical Adhesives and Sealants Market" is Expected to reach a high CAGR during the forecasting period (2022-2029).
Medical adhesives and sealants are chemical formulations that are commonly used for bonding applications during surgical procedures. They are made up of a wide range of fabrication materials and composed synthetic and natural formulations which are suitable for skin and seal. They became the ideal choice for the surgical procedure owing to advantages offered by them such as non-invasiveness and cost-effectiveness.
The rising number of surgical procedure along with the growing usage of the product in various surgical procedures such as cardiovascular, dental surgeries, and others is one of the major factors boosting the market growth. It is because of their usage is proved to have positive surgical outcomes such as reduced complications, reduced blood loss, and improved time to hemostasis. According to Texas Heart Institute, in 2014, there were a total of 377,763 cardiovascular surgeries, and it is predicted to reach 461,406 by 2021. Effective tissue sealing and hemostasis management during surgical procedures have a positive influence on the growth of the U.S. medical adhesives and sealants market.
Additionally, novel product developments by prominent players are expected to drive the U.S. medical adhesives and sealants market. For instance, in June 2018, 3M introduced 3M Single Coated Medical Extended Wear Adhesive Nonwoven Tape on Liner (3M 4077), a pressure-sensitive adhesive that offers Omni-directional stretch for superior conformability and breathability.
Based on type the U.S. Medical Adhesives and Sealants market is broadly segmented as natural/bio-based and synthetic. Synthetic medical adhesives and sealants accounted for a major market share in 2018. During the forecast period, bio-based medical adhesives and sealants are expected to grow at a significant rate. It is owing to their superior biocompatibility, easy absorption, and adjustment within the body. Bio-based medical adhesives and sealants include fibrin, albumin, collagen, and others. Among all these, collagen is the most commonly used natural medical adhesive and sealant due to its excellent bond strength, elasticity, and biocompatibility. Also, it is a protein constituent in the animal connective tissue and has excellent adhesive properties.
Significant players of the U.S. medical adhesives and sealants market are 3M Company, Adhesives Research Inc., Aveva Drug Delivery Systems, CryoLife Inc., Baxter International Inc., Berry Plastics Corporation, Covidien Ltd., DENTSPLY International Inc., HemCon Medical Technologies Inc., Johnson & Johnson, and others. Majority of these prominent players are adopting a few organic and inorganic strategies such as product launches, collaboration, and product agreements, and other key developments to enhance their product portfolio in the U.S. medical adhesives and sealants market. For instance, in March 2018, Baxter International Inc. acquired two hemostat and sealant products from Mallinckrodt plc. RECOTHROM and PREVELEAK surgical sealants used in vascular reconstruction.
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