There are a variety of surgical procedures, including organ implantation, cardiovascular surgery, and orthopedic surgery, in which blood loss must be prevented. During and after surgical procedures, MAS (medical adhesives and sealants) promote healing by means of nature and seal off any potential leak points for air or liquid. In the case of organ transplantation, for example, a sizable incision must be made in the patient’s flesh. As soon as possible after surgery, the wound should be healed with the aid of MAS (medical adhesives and sealants) to evade after operative complications like bleeding and wound infection.
A variety of synthetic and natural substances are used in the medical industry as adhesives and sealants. Natural ones include collagen, fibrin, albumin, and others, while synthetic ones include acrylic, polyethylene glycol (PEG), silicon, cyanoacrylate, and many more.
The worldwide market for MAS (medical adhesives and sealants) is predicted to reach US$11,982.3 Mn in value by 2021, expanding at a Compounded Annual Growth Rate of 7.3% from 2016 to 2021. (2021- 2028).
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In the forecast period, the market for MAS (medical adhesives and sealants) is anticipated to grow due to the rising demand for organ transplantation
For example, in 2019, there were approximately 39,718 organ transplant techniques in the United States, as reported by the Health Resources and Services Administration.
In the forecast period, the market is anticipated to grow as a result of rising R&D efforts to improve wound/incision healing
For example, in May 2021, Polyganics, a medical technology company, will release LIQOSEAL, sealant patch made of synthetic dura, used in conjunction with conventional cranial dural repair techniques.to offer watertight closure of the dura matter and decrease leakage of cerebrospinal fluid (CSF).
The expansion of the market is anticipated to be fueled by the rising number of new product introductions and regulatory approvals
In April 2021, for instance, Chemence Medical, a market leader in the field of medical cyanoacrylate devices and products, declared that its improved method for permanent skin closure using the Exofin Fusion Device had been granted 510(k) clearance by the Food and Drug Administration of the United States. When used to close and seal incisions, Exofin fusion forms an immediate barrier against infection by curing 2-octyl cyanoacrylate topical adhesive and a self-adhering flexible mesh strip.
Global Market for MAS (medical adhesives and sealants) Worldwide– Effect of Coronavirus (Covid-19) Pandemic
On January 31, 2019, a coronavirus (COVID-19) outbreak was first reported in Wuhan, China. On March 11, 2020, the WHO announced that COVID-19 was a global pandemic. More than 281,808,270 cases of coronavirus disease (COVID-19) and 5,411,759 deaths were reported worldwide as of December 29, 2021, according to the World Health Organization’s Coronavirus (COVID-19) Weekly Epidemiological Update.
The global spread of the COVID-19 pandemic and the subsequent government shutdowns in several countries have had a devastating effect on the financial health of companies worldwide. Due in large part to lockdown in several regions, the COVID-19 pandemic has affected the entire healthcare supply chain.
For instance, researchers at the United Kingdom’s National Institute for Health Research (NIHR) Unit on Global Surgery have organized a platform of studies called CovidSurg to investigate the effects of coronavirus on surgeons, operating rooms, and patients worldwide. The study found that during the 12-week COVID-19 outbreak, 28.4 million surgeries were delayed or cancelled.
Global Market for MA (medical adhesives and sealants) – Restraint
The global market for MAS (medical adhesives and sealants) is expected to grow slowly due to strict regulations for medical grade products. Requirements such as testing, safety, effectiveness, manufacturing, labeling, promotion and advertising, distribution, and post-market surveillance are administered by the Food and Drug Administration (FDA) in the United States, the European Medicines Agency (EMA) in Europe, the China Food and Drug Administration (CFDA) in China, and other government agencies.
As a result, the FDA and other regulatory authorities around the world will continue to monitor products, procedures, and quality assurance systems even after the company has received regulatory approval to market the product.
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Key Players
GluStitch Inc, Cyberbond LLC, Adhezion Biomedical, Cohera Medical, Inc, Baxter International Inc, GEM S.r.l, Meyer-Haake Gmbh, Biocoral, Inc, Scapa Healthcare, Lohmann GmbH, and Mercator Medical are all major players in the global MAS (medical adhesives and sealants) market.
| The market size value in 2023 |
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Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Market Overview
- Definition of Medical Adhesives and Sealants Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Medical Adhesives and Sealants Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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