Global Surgical Glue Market Anticipated to Reach $13.16 Billion by 2030
The Global Surgical Glue Market is experiencing significant growth, driven by advancements in surgical techniques and an increasing number of surgical procedures worldwide. Valued at approximately $6.84 billion in 2023, the market is projected to reach nearly $13.16 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
Competitive Landscape
The surgical glue industry is characterized by the presence of several key players striving to enhance their market position through strategic initiatives. Prominent companies such as Ethicon Inc., Baxter International Inc., CryoLife Inc., Cardinal Health Inc., and Cohera Medical Inc. are actively engaged in mergers and acquisitions, product innovations, and collaborations to meet the evolving demands of the healthcare sector.
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Regional Demand Highlights
North America currently holds the largest market share in the surgical glue industry, attributed to a well-established healthcare infrastructure and a high volume of surgical procedures. However, the Asia-Pacific region is expected to witness the highest CAGR over the forecast period, driven by increasing healthcare expenditures and rising awareness about advanced surgical treatments. The United States continues to lead in surgical glue market share, with companies like Johnson & Johnson and Baxter International Inc. playing pivotal roles. Strategic mergers and acquisitions, such as Johnson & Johnson's acquisition of Tissuemed Ltd., are enhancing product portfolios and expanding market reach.
Vietnam: Surgical Glue Market Opportunities
Vietnam's healthcare sector is undergoing rapid development, with increased investments in medical infrastructure. While specific mergers and acquisitions in the surgical glue market are not prominently reported, the country's focus on enhancing surgical capabilities presents opportunities for market expansion.
by Type
Natural
Fibrin
Collagen
Gelatin
Synthetic & Semi-Synthetic
Cyanoacrylate
Polymeric Hydrogel
Urethane-based Adhesive
by Application
Hospitals
Clinics
Others
Ambulatory Surgery Centers (ASCs)
Primary Care Providers (PCPs)
The market for surgical glue is divided into segments such as clinics and hospitals. In terms of revenue, the hospital segment accounted for the majority of the market in 2023. This is mostly because of the rise in procedures carried out globally as a result of the aging population and the occurrence of several illnesses.
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Key Market Participants:
1. CryoLife Inc.
2. B. Barun Melsungen AG
3. Integra LifeSciences Corporation
4. Baxter International Inc.
5. Advanced Medical Solutions Group plc
6. Cardinal Health
7. CR. Brad
8. OptMed, Inc.
9. Johnson & Johnson
10. Medtronic
11. Medline Industries
12. CSL Limited
13. GEM Srl
14. Tissuemed Ltd.
15. Tricol Biomedical, Inc
16. Others
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