The global fibrin sealants market size is anticipated to reach USD 1,156.6 million by 2026, displaying a CAGR of 6.6% during the forecast period. Rising prevalence of cardiovascular diseases (CVDs) worldwide is likely to play a vital role in driving the growth of this market in the coming years. According to estimates released by the World Health Organization (WHO), CVDs have become the number one cause of death globally, responsible for the death of over 17 million people around the world. These diseases are causing high mortality even in developed countries. For instance, the American College of Cardiology states that CVDs killed close to 840,768 Americans in 2016. CVDs are chronic in nature and eventually require invasive surgeries. Fibrin sealants are critical components in surgeries, especially those of the heart, as they are the most effective and efficient tissue adhesives available in the market. Thus, as the incidence of heart surgeries rises, the demand for fibrin glues will grow, as per the fibrin sealants market analysis.
The new Fortune Business Insights™ report, titled “Fibrin Sealants Market Size, Share & Industry Analysis, By Type (Liquid, and Patches) By Application (Orthopedic Surgery, Cardiovascular surgery, General Surgery, Transplant Surgery, and Others) By End User (Hospitals, Specialty Clinics, and Others) and Regional Forecast, 2019-2026”, states that the value of the market stood at USD 701.4 million in 2018. The report further shares the following information:
- Comprehensive analysis of the upcoming trends and prospects in the market;
- 360-degree evaluation of the factors driving and restraining market growth;
- Detailed research into the regional and competitive landscape influencing the market; and
- Careful study of the market segments.
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The Fibrin Sealants Market report offers an in-depth analysis of the Fibrin Sealants industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Fibrin Sealants market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Fibrin Sealants Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Fibrin Sealants Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
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Growing Usage of Hemostats in Operative Procedures to Feed Market Growth
One of the top fibrin sealants market trends is the high demand and utilization of hemostats for surgeries. Hemostats, or clamps, are devices used in surgical procedures to control bleeding. They are widely employed in complex procedures, such as during cardiac surgeries, where utmost care needs to be taken. The demand for these devices is further bolstered by the fact that the number of heart surgeries in the world is escalating. A survey conducted by the American Hospital Association found that in 2014 approximately 17.2 million patients had to undergo invasive cardiac surgery in the US. Furthermore, increasing demand for these materials has prompted market players to innovate and launch new products. For example, Baxter unveiled its new Tisseel Prima Syringe, an ergonomic device that is fully assembled and much more convenient to use than its older variant, in November 2018.
Europe to Lead the Pack; North America to Exhibit Steady Growth
Europe is projected to lead the fibrin sealants market share among regions as the region generated a revenue of USD 276.3 million in 2018. The main factors propelling the market in the region include availability of advanced products and presence of cutting-edge healthcare research institutions. In North America, the market is expected to be driven by rising preference for minimally invasive surgeries along with increasing incidence of cardiac conditions in the region. Rising healthcare expenditure and evolving healthcare infrastructure, mainly in India and China, will be the key factors fueling the market in the region.
Introduction of Innovation Solutions to Spur Competition
Key players market are taking several efforts to establish and consolidate their position in this market, the fibrin glue market forecast says. The go-to strategy for companies is frequent launch of new products and collaborating with other competitors in the market.
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Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The Report offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Fibrin Sealants market to figure out and study the market’s needs, market size, and competition.
REGIONAL AND COMPETITIVE LANDSCAPE:
This report focuses on Fibrin Sealants Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Major companies in the Global Fibrin Sealants Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends & drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Fibrin Sealants Industry.
Industry Developments:
- June 2019: The Spanish pharmaceutical giant, Grifols, announced that it has received 510 (k) approval from the US FDA to market the fibrin glue, Vistaseal, in the US. Grifols developed the sealant and will market it with its partner, Ethicon, under their 10-year collaboration agreement signed in 2017.
- December 2019: New Jersey-based Johnson & Johnson’s subsidiary, Ethicon, launched its fibrin sealant, Vistaseal, for controlling bleeding during surgeries. The offering is unique because it is the first-of-its-kind sealant that is designed to be sprayed without gas for minimally invasive procedures.
Prominent Players Profiled in the Fibrin Sealants Market Report:
- Vivostat A/S
- Johnson & Johnson Services, Inc.
- CSL Limited
- Stryker
- Takeda Pharmaceutical Company Limited
- Baxter
Key questions answered in the report:
- What will the market growth rate of Fibrin Sealants Market in 2026?
- What are the key factors driving the global Fibrin Sealants Market ?
- Who are the key manufacturers in Fibrin Sealants Market space?
- What are the market opportunities, market risk and market overview of the Fibrin SealantsGlobal market?
- What are sales, revenue, and price analysis of top manufacturers of Fibrin Sealants Global market?
- What are sales, revenue, and price analysis by types and applications of Fibrin Sealants Market ?
- What are sales, revenue, and price analysis by regions of Fibrin Sealants Market ?
TABLE OF CONTENTS:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in Fibrin Sealants Market
- New Product Launches by Key Players
- Key Industry Developments: Mergers, Acquisitions & Partnerships
- Overview of Regulatory Scenario – Key Countries
- Prevalence of Major Surgical Procedures for Key Countries
- Trends of Usage of Fibrin Sealants
- Global Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Liquid
- Patches
- Market Analysis, Insights and Forecast – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis, Insights and Forecast – By End-user
- Hospitals
- Specialty Clinics
- Others
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia Pacific
- Rest of the World
- North America Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Liquid
- Patches
- Market Analysis – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis – By End-user
- Hospitals
- Specialty Clinics
- Others
- Market Analysis – By Country
- S.
- Canada
- Europe Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Liquid
- Patches
- Market Analysis – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis – By End-user
- Hospitals
- Specialty Clinics
- Others
- Market Analysis – By Country
- K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Liquid
- Patches
- Market Analysis – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis – By End-user
- Hospitals
- Specialty Clinics
- Others
- Market Analysis – By Country
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Rest of the World Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Liquid
- Patches
- Market Analysis – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis – By End-user
- Hospitals
- Specialty Clinics
- Others
- Competitive Analysis
- Key Industry Developments
- Global Market Share Analysis (2018)
- Competition Dashboard
- Comparative Analysis – Major Players
- Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- Baxter
- CSL Limited
- Takeda Pharmaceutical Company Limited
- Johnson& Johnson Services, Inc.,
- Stryker
- Vivostat A/S.
- Other Prominent Players
List of Figures
Figure 1: Global Fibrin Sealants Market Revenue Breakdown (US$ Mn, %) by Region, 2018 & 2026
Figure 2: Global Fibrin Sealants Market Value Share (%), by Type, 2018 & 2026
Figure 3: Global Fibrin Sealants Market Forecast (US$ Mn), by Liquid, 2015-2026
Figure 4: Global Fibrin Sealants Market Forecast (US$ Mn), by Patch, 2015-2026
Figure 5: Global Fibrin Sealants Market Value Share (%), by Application, 2018 & 2026
Figure 6: Global Fibrin Sealants Market Forecast (US$ Mn), by Orthopedic Surgery, 2015-2026
Figure 7: Global Fibrin Sealants Market Forecast (US$ Mn), by Cardiovascular Surgery, 2015-2026
Figure 8: Global Fibrin Sealants Market Forecast (US$ Mn), by General Surgery, 2015-2026
Figure 9: Global Fibrin Sealants Market Forecast (US$ Mn), by Transplant Surgery, 2015-2026
Figure 10: Global Fibrin Sealants Market Forecast (US$ Mn), by Others, 2015-2026
Figure 11: Global Fibrin Sealants Market Value Share (%), by End-user, 2018 & 2026
Figure 12: Global Fibrin Sealants Market Forecast (US$ Mn), by Hospitals, 2015-2026
Figure 13: Global Fibrin Sealants Market Forecast (US$ Mn), by Specialty Clinics, 2015-2026
Figure 14: Global Fibrin Sealants Market Forecast (US$ Mn), by Others, 2015-2026
Figure 15: Global Fibrin Sealants Market Value (US$ Mn), by Region, 2018 & 2026
Figure 16: North America Fibrin Sealants Market Value (US$ Mn), by Type, 2018 & 2026
Figure 17: North America Fibrin Sealants Market Value Share (%), by Type, 2018
Figure 18: North America Fibrin Sealants Market Value (US$ Mn), by Application, 2018 & 2026
Figure 19: North America Fibrin Sealants Market Value Share (%), by Application, 2018
Figure 20: North America Fibrin Sealants Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 21: North America Fibrin Sealants Market Value Share (%), by End-user, 2018
Figure 22: North America Fibrin Sealants Market Value (US$ Mn), By Country, 2018 & 2026
Figure 23: North America Fibrin Sealants Market Value Share (%), By Country, 2018
Figure 24: Europe Fibrin Sealants Market Value (US$ Mn), by Type, 2018 & 2026
Figure 25: Europe Fibrin Sealants Market Value Share (%), by Type, 2018
Figure 26: Europe Fibrin Sealants Market Value (US$ Mn), by Application, 2018 & 2026
Figure 27: Europe Fibrin Sealants Market Value Share (%), by Application, 2018
Figure 28: Europe Fibrin Sealants Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 29: Europe Fibrin Sealants Market Value Share (%), by End-user, 2018
Figure 30: Europe Fibrin Sealants Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 31: Europe Fibrin Sealants Market Value Share (%), By Country/ Sub-region, 2018
Figure 32: Asia Pacific Fibrin Sealants Market Value (US$ Mn), by Type, 2018 & 2026
Figure 33: Asia Pacific Fibrin Sealants Market Value Share (%), by Type, 2018
Figure 34: Asia Pacific Fibrin Sealants Market Value (US$ Mn), by Application, 2018 & 2026
Figure 35: Asia Pacific Fibrin Sealants Market Value Share (%), by Application, 2018
Figure 36: Asia Pacific Fibrin Sealants Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 37: Asia Pacific Fibrin Sealants Market Value Share (%), by End-user, 2018
Figure 38: Asia Pacific Fibrin Sealants Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 39: Asia Pacific Fibrin Sealants Market Value Share (%), By Country/ Sub-region, 2018
Figure 40: Rest of the World Fibrin Sealants Market Value (US$ Mn), by Type, 2018 & 2026
Figure 41: Rest of the World Fibrin Sealants Market Value Share (%), by Type, 2018
Figure 42: Rest of the World Fibrin Sealants Market Value (US$ Mn), by Application, 2018 & 2026
Figure 43: Rest of the World Fibrin Sealants Market Value Share (%), by Application, 2018
Figure 44: Rest of the World Fibrin Sealants Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 45: Rest of the World Fibrin Sealants Market Value Share (%), by End-user, 2018
Figure 46: Rest of the World Fibrin Sealants Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 47: Rest of the World Fibrin Sealants Market Value Share (%), By Country/ Sub-region, 2018
Figure 48: Global Fibrin Sealants Market Share (%), By Company, 2018
List of Tables
Table 1: Global Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Type, 2015–2026
Table 2: Global Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Application, 2015–2026
Table 3: Global Fibrin Sealants Market Revenue (US$ Mn) Forecast, by End-user, 2015–2026
Table 4: Global Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Region, 2015-2026
Table 5: North America Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Type, 2015-2026
Table 6: North America Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Application, 2015-2026
Table 7: North America Fibrin Sealants Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 8: North America Fibrin Sealants Market Revenue (US$ Mn) Forecast, By Country, 2015-2026
Table 9: Europe Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Type, 2015-2026
Table 10: Europe Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Application, 2015-2026
Table 11: Europe Fibrin Sealants Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 12: Europe Fibrin Sealants Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
Table 13: Asia Pacific Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Type, 2015-2026
Table 14: Asia Pacific Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Application, 2015-2026
Table 15: Asia Pacific Fibrin Sealants Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 16: Asia Pacific Fibrin Sealants Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
Table 17: Rest of the World Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Type, 2015-2026
Table 18: Rest of the World Fibrin Sealants Market Revenue (US$ Mn) Forecast, by Application, 2015-2026
Table 19: Rest of the World Fibrin Sealants Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 20: Rest of the World Fibrin Sealants Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
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