Global Surgical Sealant and Adhesives Market Size, Growth, Report 2031

Adhesives and sealants are diverse adhering substances that join two or more surfaces. Adhesives are chemical compounds that hold, fasten, or bind together two or more objects or substances. The bond can be temporary, semi-permanent, or permanent and has a high shear and tensile strength. Sealants, on the other hand, are semi-solid substances primarily used to prevent fluid leakage. They provide a barrier or protective coating by filling the spaces between substrates to seal components and joints.

Market Dynamics

Increasing Surgical Procedures Drives the Global Market

The increasing prevalence of chronic diseases worldwide increases the demand for effective and innovative surgical treatment services. As a result, the number of surgical procedures is surging. Therefore, the demand for surgical sealants and adhesives is anticipated to increase, driving the market's growth during the forecast period.

The September 2020 study "Estimation of the National Surgical Needs in India by Enumerating the Surgical Procedures in an Urban Community Under Universal Health Coverage" estimated that approximately 11% of the global disease burden requires surgical or anesthetic care. Compared to the global estimate of 5,000 surgeries per 100,000 people, it is estimated that the Indian population requires 3,646 surgeries annually. As a result of the rising demand for surgical procedures across the globe, the market is anticipated to expand during the forecast period.

Technological Advancements Creates Tremendous Opportunities

Technological advancements and research in surgical procedures and the devices/products utilized in these procedures are not only enhancing the quality of surgical sealants and adhesives. However, they are also contributing to the widespread accessibility of these products in the worldwide marketplace. The companies are continually enhancing their product offerings through new investments and developments and introducing new, technologically advanced surgical sealants and adhesives, which is anticipated to create market expansion opportunities over the forecast period.

For instance, in Taiwan, Sanyo Chemical's Aquabird (local brand name: Hydrofit) received regulatory approval as a medical device in February 2022, and clinical use began in December 2021. Aquabrid is a non-absorbable topical hemostatic sealant for the central circulatory system produced by Sanyo Chemical and marketed by Terumo Corporation. The ongoing and new research on surgical sealants and adhesives is expected to complement the advancement initiatives, as positive findings from these studies can be used to improve further and advance the technology and application of sealants and adhesives.

Regional Analysis

North America is the most significant global surgical sealant and adhesives market shareholder and is estimated to exhibit a CAGR of 6.48% during the forecast period. Increased public and private healthcare expenditures and rising adoption of minimally invasive procedures are boosting North America's surgical sealant and adhesives market development. The federal government presented Bill C-17 in the House of Commons in March 2022, which provided USD 2 billion in additional healthcare funding to clear 700,000 surgeries and other medical procedures delayed by the COVID-19 pandemic and support hundreds of thousands of additional surgeries. These increases in surgical procedures will boost surgical sealants and adhesives, driving market expansion.

Additionally, there is a higher need for surgical treatments in this region because of the high prevalence of diseases and the expanding older population. According to the Fact Sheet on Aging and Health published by the WHO in October 2021, one billion people were 60 or older in 2020. The population will reach 1.4 billion by 2030. This population is more likely to contract diseases and undergo surgical procedures. This will increase the use of surgical sealants and adhesives in the region, thereby driving the market's expansion.

Europe is estimated to exhibit a CAGR of 6.02% over the forecast period. The market in the region is envisaged to expand due to factors such as rising healthcare expenditures, the rising prevalence of neurological diseases and mental illness, and the recent adaptation of numerous surgical procedures. In addition, the region's growing elderly population is anticipated to stimulate market expansion. In 2020, according to the World Bank's Data 2020, Germany's population of adults aged 65 and older was 18,052,747. Chronic diseases, such as orthopedic illness, cardiovascular disease, and neurological disorders, are more prevalent in the elderly and are more likely to affect the elderly. In addition, the region's major players are launching new products to strengthen their market position. For example, in December 2020, WACKER expanded its silicone portfolio to include silicone sealants derived from renewable raw materials.

Key Highlights

The global surgical sealant and adhesives market size was valued at USD 05 billion in 2022. It is estimated to reach USD 3.57 billion by 2031, growing at a CAGR of 6.37% during the forecast period (2023–2031).
Based on product, the global surgical sealant and adhesives market is bifurcated into natural or biological sealants and adhesives and synthetic and semi-synthetic adhesives. The natural or biological sealants and adhesives segment dominates the market and is projected to develop a CAGR of 5.28% over the forecast period.
Based on application, the global surgical sealant and adhesives market is segmented into general surgery, orthopedic surgery, cosmetic surgery, gynecology surgery, cardiovascular surgery, neurosurgery, and other applications. The general surgery segment owns the highest market share and is estimated to exhibit a CAGR of 6.79% during the forecast period.
North America is the most significant global surgical sealant and adhesives market shareholder and is estimated to exhibit a CAGR of 6.48% during the forecast period.