Market Trends of Surgical Glue Industry
Synthetic and Semi Synthetic Segment is Expected to Show Significant Growth Rate Over the Forecast Period in the Surgical Glue Market
The rise in the number of surgical procedures performed is expected to drive the growth of the market. Synthetic and Semi-Synthetic glue is usually preferred by patients due to its cost-effectiveness and better adhesion as compared to others.
Due to the lengthy process and several practical challenges involved in traditional wound closure techniques, surgical glue is becoming more and more popular. Additionally, traditional methods have a reputation for hurting the tissues in the immediate vicinity and, in rare instances, for producing infections. When utilized to treat specific bodily areas, mechanical treatments like staplers and surgical sutures may leave undesirable gaps. The need for both natural and synthetic biomedical adhesives has significantly increased. Since they are secure and unaffected by touch with internal organs, tissues, body fluids, blood, etc., the demand for these is increasing. The outstanding ability of surgical adhesives to stop fluid leakage is one of the key elements that is favorably affecting the demand for the product.
The growth of this segment is attributed to the high demand for transfusion, an increasing number of surgeries, a rising number of trauma cases, and an increasing prevalence of chronic disease-induced anemia. For instance, according to the NCBI article published in April 2021, 57.7 million people were living with limb amputation due to traumatic causes worldwide. Leading traumatic causes of limb amputation were falls (36.2%), road injuries (15.7%), other transportation injuries (11.2%), and mechanical forces (10.4%). Therefore, the rising cases of accidents, and high prevalence rate of trauma cases which is expected to increase surgical procedures in coming years and ultimately drive the growth of the segment over the forecast period.
Therefore, the above-mentioned factors are expected to boost the segmental growth in the market.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is anticipated to continue being the largest-growing surgical glue market in the coming years. The factors that are expected to contribute to the growth include the rising surgical procedures, road accidents, trauma cases, and chronic diseases requiring surgical procedures.
According to the United States Bureau of Labor Statistics data published in January 2022, employers reported 2.6 million injury and illness cases in private industry. The same source also mentioned that injury cases increased by 6.3% to 2.2 million in 2021. . For instance, according to CDC's March 2022 data, the number of emergency department visits was 130 million and the number of injury-related visits was 35 million in the United States in 2021. The data published by the Government of Canada in July 2021 show that there were 225,208 injury-related hospitalizations (excluding complications of medical and surgical care) in Canada. Such increasing injuries and emergency cases in the country are expected to drive the demand for surgical glue in surgical procedures. Additionally, for instance, according to the June 2022 report of the American Cancer Society, about 60.7 thousand new cases of leukemia will be diagnosed in 2022 in the United States. Such a high burden of cancer cases leading to the need for surgical procedures is expected to drive the demand for surgical glue, thereby boosting the market growth in this region.
Additionally, the rising product approvals in this region are also expected to boost the market growth in this region. For instance, in May 2022, Advanced Medical Solutions Group plc announced that it has received FDA 510(k) approval for LiquiBand XL, a new device that can close longer wounds than existing LiquiBand products. The device consists of a surgical mesh which is used to close the wound and LiquiBand glue which is used to strengthen the closure and prevent infection.
Therefore, the abovementioned factors are expected to drive the region in the market during the forecast period.
