The Surgical Sealants and Adhesives Market size in the Middle East & Africa is estimated to be worth USD 23.93 million in 2023 and USD 36.40 million by 2028, growing at a CAGR of 8.75% during the forecast period. It is last in terms of market share, capturing 1% of the global market share.
Surgical adhesives and sealants are materials used to bind tissue inside and out after surgery or injury. These products are made from biocompatible materials like fibrin, gelatin, polyethylene glycol (PEG) polymers, etc.
MARKET DRIVERS:
Surgical adhesives and sealants are used lately in different surgical procedures and injuries compared to traditional wound closure methods. The demand for surgical adhesives and sealants is largely driven by growing demand and increasing healthcare infrastructure. This growing number of the aging population and the increasing burden of chronic diseases help strengthen the market for surgical sealants and adhesives.
The growth of the population suffering from chronic disorders such as cardiovascular disorders or obesity and the increase in accident cases are key factors that increase the rate of surgeries which are a driving factor in the market, while the increase in trauma cases, increase in geriatric population and increasing demand for controlling blood loss in patients will drive the market growth. In addition, technological advancements with effective product innovation with brand approvals will create lucrative opportunities for the market.
In addition, surgical sealants are also used to replace anastomoses, suture lines, replace the aortic root, and prevent arterial and venous bleeding, which helps reduce postoperative infections. Continuous advancements in technology are contributing to the growth of the market.
MARKET RESTRAINTS:
High approval costs and inadequate reimbursement policies are a limiting factor for the market. The use of surgical adhesives requires special training to achieve maximum benefit and minimize complications, cyanoacrylates cause an intense inflammatory response when coming in contact with non-skin surfaces and may only be used outdoors, and not all of them are approved by the United States Food and Drug Administration (FDA), so all of these factors may hinder the growth of the MEA surgical adhesives and sealants market during the forecast period.
MARKET OPPORTUNITIES:
Unlike sutures and staples, surgical adhesives and sealants generally do not cause shadow marks, resulting in an excellent cosmetic result which should help this market grow significantly. Apart from this, increased awareness and acceptance of the products by medical professionals could positively impact the Surgical Sealants and Adhesives market during the forecast period. Particularly during the pandemic, where surgeries have increased due to complications from COVID-19 during the expected period.
MARKET CHALLENGES:
With the availability of alternatives to surgical adhesives from various competitors resulting in the low price of the products, the complication of medical adhesives and sealants is likely to be affected by the market during the forecast period. In addition, lack of awareness and declining disposable income are difficult factors for the market.
This research report on the Latin America Surgical Sealants and Adhesives Market has been segmented and sub-segmented into the following categories:
By Product:
By Indication:
By Application:
By Country:
Geographically, the Saudi Arabian is the largest market for MEA surgical sealants and adhesives market, where consumption is mainly directed towards reconstructive surgeries, post-traumatic incidents, etc. This is expected to dominate the market share due to the development of bio-based adhesives and a growing preference for bonding for composite materials. In addition, consumption in various sectors such as healthcare, construction, or packaging and increasing investment in adhesives drives the market's growth.
KEY MARKET PLAYERS:
CryoLife, Inc, Johnson & Johnson, Ethicon, Inc., Baxter International, Inc, and C.R. Bard, Inc, Cohera Medical, Inc. Ocular Therapuetix, Inc, Vivostat A/S and Sealantis Ltd, Medtronic plc, Sanofi Group, and B. Braun Melsungen AG are some of the noteworthy companies operating in the MEA surgical sealants and adhesives market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region