Market Trends of Surgical Sealant and Adhesives Industry
This section covers the major market trends shaping the Surgical Sealant & Adhesives Market according to our research experts:
The General Surgery Segment is Expected to Dominate the Market in the Forecast Period
The general surgery segment is expected to hold a significant share of the market's growth. General surgery focuses on the abdominal area, including the esophagus, stomach, small intestine, large intestine, liver, pancreas, gall bladder, appendix, bile ducts, and often the thyroid gland. It generally deals with diseases involving the skin, breast, soft tissue, peripheral vascular surgery, and hernias. Abdominal surgery is one of the most common types of surgery worldwide. Hysterectomies, gall bladder surgeries, hernia surgeries, prostatectomies, and cholecystectomies are major surgeries worldwide. According to the Organization for Economic Cooperation and Development (OECD), in 2021, around 229.5 and 134.6 cholecystectomies were performed in Germany and Italy, respectively.
As the same source mentioned, in 2020, around 113,862 and 32,755 appendectomies were performed in Germany and Italy, respectively. The volume of abdominal surgeries is rising globally, positively impacting the overall market's growth. Adhesives play a vital role in general surgeries. Natural and synthetic polymeric materials generate threedimensional networks that physically or chemically bind to target tissues and act as hemostats, sealants, or adhesives. As the number of general surgeries increases, the demand and procurement of adhesives and sealants are expected to increase, considering they are a vital part of the surgery. Hence, this is expected to boost the market's growth.
The growing incidence of hernia cases globally is expected to boost the market studied because of the increasing demand for surgical sealants and adhesives in hospital care settings. For instance, according to the American Society of Anesthesiologists, data updated November 2021, abdominal wall hernia repair is one of the most common types of surgery. More than 1 million hernia repairs are performed each year in the United States, and worldwide these surgeries are estimated to top 20 million annually. Among these, inguinal hernias account for approximately 800,000 annual hernia repair surgeries in the United States. Thus, the segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Market in the Forecast Period
North America is expected to dominate the overall market throughout the forecast period. In the North American region, the United States holds the largest market share, and this is due to better regulations of surgical devices and growing awareness among the population to approach such procedures in case of injuries and chronic disease problems.
According to the National Safety Council (NSC), in July 2021, 526,000 injuries were reported due to personal exercise, 500,000 players were injured due to basketball, 457,000 due to bicycling, and 341,000 due to football. NSC also said that 199,000 swimming injuries were treated in the emergency room. Spine, shoulder, head, and knee injuries accounted for more than 50% of these total injuries. Thus, increasing the number of injuries requiring medical attention boosts the studied market.
Additionally, according to the Centers for Diseases Control and Prevention, in 2020, about 600,000 women in the United States had a hysterectomy every year, about 460,000 United States residents had a cholecystectomy, and 1.3 million pregnant women sought C-section in the United States. The high volume of surgical procedures in the United States is expected to drive the demand for surgical sealants and adhesives, thereby contributing to the growth of the market studied in this region. Thus, the market is expected to witness significant growth over the forecast period due to the factors mentioned earlier.
