Market Size of Surgical Glue Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 10.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Surgical Glue Market Analysis
The Surgical Glue Market is expected to register a CAGR of 10.7% during the forecast period.
COVID-19 had a significant impact on the growth of the market due to the reduction of surgeries owing to the strict lockdown imposition by governments across the world. For instance, the NCBI article published in July 2022 mentioned that COVID-19 caused disruption, reduction, and even halt in surgical services worldwide. During this period, the admission rate in surgical clinics decreased due to both the interruption of services and the restriction of patient visits. Such reduction in surgical procedures during intial stages of the pandemic had a notable impact on the demand for surgical dlues, thereby impacting the market growth during the pandemic period. However, the resumption of all the surgical procedures during the post pandemic is expeccted to drive the demand for surgical glue, thereby boosting the market growth over the forecast period.
The factor that contributes to the growth of the global surgical glue market is the rising number of traumatic injuries and surgical wounds.For instance, according to an article in August 2021, Lancet Journal, globally, there were 178 million new fractures, 455 million prevalent cases of acute or long-term symptoms of a fracture, and 258 million years lived with disability (YLDs). Additionally, as per an NCBI article titled published in February 2022, The incidence of SSI is higher in contaminated 17 (43.6%) than in clean-contaminated 12 (30.8%) and clean 10 (25.6%) wounds. Wound swabs were collected in 29 (74.4%) patients, of which 18 (62.1%) had bacterial growth. Therefore, increasing surgical wounds and their growing infections are expected to boost the demand for using surgical glue and thereby driving the market.
Also, in the 2022 data published by the NCRB, the number of traffic accidents in India has increased from 36.9 thousand in 2020 to 42.3 thousand in 2021. Hence, this increasing number of cases of accidents resulted in severe injuries and surgical procedures requiring. Thus, rising prevalence of road injruies is also expected to drive the demand for surgical glue, thereby boosting the market growth over the forecast period.
Therefore, the above-mentioned factors are expected to drive the market growth during the forecast period. However, increasing minimally invasive proecdures and side effects are eexpecetd to impede the growth of the market.
