Tissue Glue And Bio Adhesive Sealants Market Report

Market Insights

The Global Tissue Glue and Bio-adhesive Sealants Market is projected to grow from USD 1.67 billion in 2020 to USD 2.68 billion by 2026 at a CAGR of over 8.2% during the forecast period.

Figure: Global Tissue Glue and Bio-adhesive Sealants Market Size, 2020-2026 (USD Billion)

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What are Tissue glue and Bio-adhesive Sealants?

Tissue glue is primarily used as an alternative method for wound closure which is fast, painless, and does not require a follow-up visit for removal. It is produced from cyanoacrylate compounds. Tissue glue is found widespread applications in low wound tension, superficial lacerations, and after placement of deep sutures to close the skin surface.

Key Players

Key players operating in the global tissue glue and bio-adhesive sealants market are-

• Cryolife, Inc. (The U.S),
• Baxter International Inc. (The U.S),
• Luna Innovations Incorporated (The U.S),
• B. Braun Melsungen AG (Germany),
• Johnson and Johnson (The U.S),
• Dentsply Sirona Inc. (The U.S),
• Cohera Medical, Inc. (Slovenia),
• Chemence Medical, Inc. (The U.S),
• Tissuemed Ltd. (UK), and
• C.R. Bard Inc. (The U.S).

Segment Analysis

Market Dynamics

Growing orthopedic and cardiovascular procedures across the globe is likely to boost the product demand.

• Rising purchasing power along with the ease of access to new surgical sealants among various applications further augment product consumption.
• Expanding the number of surgical procedures, increasing chronic diseases, rising geriatric population, and increasing concern for blood loss during surgeries further augment the market growth.
• However, the lack of adoption of bio-adhesive sealants and tissue glue in developing countries is likely to hinder the industry's expansion.

End-Use Trends

Based on end use, the global tissue glue and bio-adhesive sealants market has been segmented into hospitals, specialty clinics, and ambulatory surgical centers.

• Among these, the hospitals segment witnessed the highest market share in 2020 and is projected to grow at a healthy CAGR during the forecast timeline.
• This is mainly ascribed to the rising visits of outpatients to hospitals for various treatments, increasing technological advancements, and growing surgical procedures, thereby bolstering the segment growth.

Regional Trends

By region, the North American market garnered the highest market share in 2020 and is estimated to grow at a steady CAGR during the assessment period. This can be attributed to the technologically advanced health care infrastructure, presence of key players, adoption of new techniques, better reimbursement policies, and relatively higher healthcare expenditure in research and development, thus proliferates the industry growth in the region.

COVID-19 Impact on Global Tissue Glue and Bio-adhesive Sealants Market

The COVID-19 pandemic has negatively affected the Tissue glue and bio-adhesive sealants industry. Government bodies across the globe are focusing to curb the COVID-19 with important measures, such as nationwide lockdowns, social distancing, and large-scale quarantine to prevent the spread of the coronavirus. During the COVID-19 pandemic, elective operating services and surgical procedures were restricted and appointments were either canceled or postponed, thus affecting the surgery industry, which in turn, affected the market growth.

Critical Questions Answered in the Report

• What are the key trends in the global tissue glue and bio-adhesive sealants market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the global tissue glue and bio-adhesive sealants market?
• What are the key strategies adopted by the major vendors to lead in the global tissue glue and bio-adhesive sealants market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the Tissue Glue and Bio-adhesive Sealant’s market hopes to have the greatest opportunity to convert-

• Tissue glue and bio-adhesive sealants companies
• Tissue glue and bio-adhesive sealants vendors
• Hospitals
• Biotech & pharma companies
• R&D organizations

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