Improving Healthcare Infrastructure and Increasing Healthcare Spending is Driving the Global Surgical Glue Market at a Significant Rate in the Forecast Period 2018-2025

Global Surgical Glue Market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report: https://databridgemarketresearch.com/reports/global-surgical-glue-market/

Segmentation: Global Surgical Glue Market

Global Surgical Glue Market, By Product (Natural, Synthetic), By Application (Cardiac Surgery, Neurosurgery, General Surgeries, Orthopedic Surgery, Plastic surgery, Wound Management, Pulmonary Surgery, Burn Bleeding, Liver and Spleen Lacerations others), By End User(Hospitals/ Clinics, Specialty Clinics, Ambulatory Surgical Center), By Geography (North America,  Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2025

Drivers: Global Surgical Glue Market

The major factors contributing to the growth of the surgical glue market includes factors such as rising need to prevent blood loss in patients, improving healthcare infrastructure and increasing healthcare spending

RISING NEED TO PREVENT BLOOD LOSS IN PATIENTS

Surgical procedures are undoubtedly associated with bleeding. The amount of blood loss during any surgical operation varies widely between different surgical procedures. In certain types of surgeries, the amount of blood loss and its magnitude directly leads to the need for blood transfusion. These surgeries include hepatic, orthopaedic, cardiac and vascular operations. However blood transfusion is associated to the risk of viral contamination and infection. Again due to this kind of scenario, the main focus has been raising concern of blood loss and its minimization.  In the many of cases of surgery, extreme blood loss occurs because the sometimes surgeon’s fail to recognize and treat the internal bleeding which occurs after surgery.

  • The amount of bleeding is not proportional to the severeness of the wound. It depends upon excessive arterial bleeding after surgery, or persistent generalized bloody ooze that continues in spite of the usual haemostatic measures depending upon the mechanism of the body. Surgical glue are being used in order to prevent blood loss and in facilitating the wound closures through the surface or joints or openings in materials, along with less painful operation without the need of removal.
  • As these surgeries have evolved, with the rapid advancement in science and technology in healthcare industry, blood loss minimization techniques and methodologies for blood conservation have become a crucial part of modern surgical practice. Surgical glues are composed of special type of polymer named cyanoacrylate, which is a mixture of formaldehyde and cyanoacetate. The compound forms a strong bond across apposed wound edges, allowing normal healing to occur below or to provide a flexible water-resistant protective coating and to eliminate the need for suture removal.

IMPROVING HEALTHCARE INFRASTRUCTURE AND INCREASING HEALTHCARE SPENDING

The global healthcare industry is the most dynamic and rapidly growing industries in the world economy. Driven by demographic shifts such as extended longevity and a rise in lifestyle diseases for example, hypertension and cardiovascular ailments, cancer and diabetes, the healthcare costs and expenditures of any particular nation are increasing dramatically. At the same time the health industry has become a powerful engine of economic growth. The surgical products and procedures in global healthcare industry have experienced rigorous changes, reforms, developments, and improvements over the past. Government along with private organizations in developed and developing countries are playing a crucial role in upbringing and reforming the healthcare industry worldwide. This is because government, acting as a catalyst has to build a proper ecosystem so that it can attract both domestic and international players for huge investments in the healthcare industry.

  • Governments of respective nations are also looking forward in improving healthcare access and affordability. They are implementing universal healthcare coverage and increasing national budget allocated to healthcare to upgrade the existing facilities as well as to add new facilities. Technological advancements and upgradations are considered to be the main reason of domestic and foreign investments in developing countries. Further adding, public investment in healthcare systems is basic for the healthcare industry to grow.
  • Public investment in hospital infrastructure is vital to making sure there are clinics and hospitals to provide services. At the same time, public investment also plays an important role in innovation and new product development In developed countries, the surgical glue products are boosting the healthcare industry.

Major Players: Global Surgical Glue Market

Some of the major players operating in this market are Baxter, Cardinal Health, B. Braun Melsungen AG, Medtronic., Ethicon US, LLC, Cohera Medical, Inc., Cryolife, Inc. and among others.