The size of the Latin American surgical sealants and adhesives market is forecasted to value USD 353.1 million by 2028 from USD 225.3 million in 2023, growing at a CAGR of 9.4% from 2023 to 2028.
The increased prevalence of obesity and other lifestyle diseases, increasing frequency of spinal and sports-related injuries, and expanding elderly population contribute to an increase in surgical operations. Surgical sealants and adhesives are used to repair damaged tissues and prevent air and fluid leaks during and after surgery. These are used to reduce blood loss, replace staples and sutures for improved wound closure, and reinforce the wound region without limiting tissue movement. The rising demand for better blood loss control in patients, the increasing number of surgical procedures throughout the world, and the expanding usage of technologically improved products are the primary factors driving the growth of the Latin America Surgical Sealants and Adhesives market. Any surgery requires the use of sealants and adhesives. They are important in surgeries because they aid in tissue healing. The number of operations has grown due to the growing prevalence of chronic diseases, as most chronic diseases in their later stages require surgery.
The market's long-term growth is expected to be maintained by increasing the number of surgeries, which will facilitate widespread R&D activities aimed at surgical sealants and adhesives. Because adhesives and sealants are such an important aspect of general surgery, demand will rise as the number of patients grows. As a result, market growth is likely to increase.
Latin American Surgical Sealants and adhesives market is expected to be hampered by developments in surgical techniques. The high price of surgical sealants and the availability of surgical adhesives and sealant replacements restrict the industry's expansion.
Regulatory authorities' strict guidance to avoid any non-emergent surgeries resulted in a considerable reduction in the number of operations performed during the pandemic. This will have an effect on surgical sealants and adhesives procurement in surgical facilities. Along with this, the expansion of this industry has been hampered by unfavorable reimbursement regulations for certain operations and the lack of various choices that are much more suitable and efficient.
This research report on the Latin America Surgical Sealants and Adhesives Market has been segmented and sub-segmented into the following categories:
and the lack of various choices that are much more suitable and efficient.
Brazil is the leading company in Latin America for sealants and adhesives. It accounts for more than half of the area's economy. Colombia and Argentina are in second and third, respectively, with considerable shares of the regional market. The key surgical sealants and adhesives market players in this region have been concentrating on product releases, strategic mergers and acquisitions, and collaborations in recent years to increase their geographical presence, stay relevant, and enhance their position. Some of the reasons driving market expansion include high-quality healthcare, sophisticated medical technology, and health policies that place a greater emphasis on surgical treatment. Due to sophisticated value-based healthcare procedures, Latin America is likely to have fast development. Brazil is the leading country in the region. It is second to last in terms of market share.
KEY MARKET PLAYERS:
A few of the noteworthy companies operating in the Latin America Surgical Sealants and Adhesives Market profiled in the report are 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.
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