Surgical Sealant And Adhesives Market Size

Surgical Sealant And Adhesives Market Analysis

The Surgical Sealant And Adhesives Market size is estimated at USD 2.31 billion in 2024, and is expected to reach USD 3.20 billion by 2029, growing at a CAGR of 6.78% during the forecast period (2024-2029).

Factors driving the market's growth include increasing surgical procedures, rising demand for surgical sealants and adhesives, and technological advancements.

The increasing prevalence and burden of chronic diseases worldwide drive the demand for effective and advanced treatment involving surgical procedures. This is expected to fuel the growth of the surgical sealants and adhesives market over the forecast period. For instance, according to a report published by the American Society of Plastic Surgeons in September 2023, about 26.2 million surgical and minimally invasive cosmetic and reconstructive procedures were performed in the United States in 2022. This accounted for a 19% increase in cosmetic surgery procedures compared to the previous year. This is expected to significantly impact the growth of the surgical sealants and adhesives market during the forecast period.

Similarly, according to the National Heart, Lung, and Blood Institute research study published in June 2022, more than two million people globally have open-heart surgery annually to treat various heart problems. The rising number of heart procedures is boosting the demand for surgical sealants and adhesives. Hence, the high number of heart procedures and yearly surgeries is increasing the demand for surgical sealants and adhesives, which, in turn, is anticipated to boost the growth of the surgical sealants and adhesives market.

Cataract is one of the leading causes of vision loss among the population globally, and it requires surgical procedures. For instance, according to a report published by the Centers for Disease Control and Prevention in August 2023, around 3 million cataract surgeries are performed in the United States, and over 20 million are performed worldwide annually. Moreover, according to a report published by the American Academy of Ophthalmology in November 2023, global cataract surgeries are projected to increase to 50 million by 2050. Thus, with the expected increase in ophthalmology surgeries, the demand for surgical sealants and adhesives, such as cyanoacrylate glues, which are safe and effective alternatives to sutures in small-incision cataract surgeries, is expected to increase, hence driving the market's growth.

Moreover, the volume of knee and hip replacement surgeries has increased in recent years, further boosting the demand for surgical sealants and adhesives. According to an article published in Medscape in October 2023, the cases of knee osteoarthritis that would require surgical procedures as a treatment are expected to grow by 74.9% by 2050. Such an increase in surgical procedures is expected to bolster the growth of the market studied over the forecast period.

Thus, factors such as the increasing prevalence and burden of chronic diseases and the growing demand for surgical adhesives are anticipated to fuel market growth over the coming years. However, reimbursement policies that do not favor surgical sealants and adhesives, as well as the availability of alternative methods, are expected to restrain the growth of the surgical sealants and adhesives market over the forecast period.