Global Surgical Glue Market Poised for Significant Growth
The Global Surgical Glue Market is experiencing substantial expansion, driven by advancements in medical procedures and a growing preference for minimally invasive surgeries. Valued at approximately USD 6.84 billion in 2023, the market is projected to reach nearly USD 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 a blend of prominent international and regional players. Leading companies such as Baxter International Inc., B. Braun Melsungen AG, CryoLife Inc., Integra LifeSciences Corporation, and Advanced Medical Solutions Group plc are at the forefront, continually innovating to meet the evolving demands of healthcare professionals. These companies are investing heavily in research and development, marketing, and expanding their distribution networks to maintain a competitive edge.
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Regional Demand Highlights
North America holds a dominant position in the surgical glue market, accounting for a significant share of global revenue. This dominance is attributed to the region's advanced healthcare infrastructure and the presence of major market players. The United States, in particular, contributes substantially to this leadership.
Segmentation Analysis
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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