16 October 2019 - Global Tissue Adhesive Market is expected to grow at a significant CAGR of 9.7% in the upcoming period as the scope and its applications are rising enormously across the globe. Tissue adhesive is an artificial and natural compound that is used instead of stitches or staples to seal wounds. The exclusively used tissue adhesive in GI endoscopy comprises thrombin, cyanoacrylates, and fibrin glues.
The factors that are playing a major role in the growth of the market are the rising need to control blood loss in patients, growing number of surgical procedures, the rising use of enhanced technology, and a growing geriatric population. However, the presence of alternatives and the high cost of products may restrain overall market growth in the years to come. Tissue adhesive market is segmented based on type, end-user, application, and region.
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2-Octyl Cyanoacrylate, Ethyl 2-Cyanopropenoate, and n-Butyl-2-cyanoacrylate are the types that could be explored in tissue adhesive in the forecast period. Specialty clinics, hospitals, and other end-users could be explored in tissue adhesive in the forecast period. Hospitals sector accounted for the substantial market share of tissue adhesive and is estimated to continue its dominance in the years to come.
The market may be categorized based on applications like general surgeries, cardiovascular surgeries, cosmetic surgeries, laparoscopic surgeries, burns and skin grafting, and others could be explored in the forecast period.
Globally, North America accounted for the substantial market share of tissue adhesive and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, developed healthcare infrastructure, the rising use of enhanced technology, and high expenditure power of populace. The United States and Canada are the major consumers of tissue adhesive in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of tissue adhesive in this region.
The key players of tissue adhesive market are TissueSeal, Baxter, Tissuemed, Adhesys Medical, Meyer-Haake, Advanced Medical Solutions, Hager & Werken, Aesculap, Connexicon Medical, B. Braun, and Ethicon Endo Surgery. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
• Ethyl 2-Cyanopropenoate
• 2-Octyl Cyanoacrylate
• North America
• Asia Pacific
• Middle East and Africa
• South America
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