(MENAFN- PR Newswire) ALBANY, N.Y., Sept. 6, 2021 /PRNewswire/ -- Different hemostatic agents such as fibrin sealants play key role in the management ofbleeding issues from cavities or surfaces that are non-responsive to electrosurgery, suturing, or other related instruments such as argon plasma coagulator.
The increasing use of fibrin sealants in the healthcare industry during various surgeries is anticipated to drive the global fibrin sealants market during the forecast period from 2021 to 2031.
The growing number of cardiovascular surgeries and traumatic injuries is likely to offer lucrative opportunities in the fibrin sealants market. Product development activities and technological advancements in the market have helped in the introduction of biocompatible sealants, which assist in decreasing complexities and allow for the normal tissues movement with norestriction on the organs' functioning.
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Fibrin Sealants Market: Key Findings
- Increase in Use of Fibrin Sealants in Various Surgeries Creates High Sales Opportunities
The use of fibrin sealants in varied types of surgeries such as thoracic surgery, cardiovascular surgery, plastic & reconstructive surgery, dental surgery, and neurosurgery is growing. Reduced blood loss, minimum complexities, and enhanced time to hemostasis are some of the benefits offered by the product owing to which,the market for fibrin sealants is expected to witness high demand in the upcoming years.
- Rise in Patient Hospitalization Due to Chronic Diseases Drives Demand for Fibrin Sealants
The number of patients being hospitalized for the treatment of different chronic diseases is increasing. This factor is driving the demand for fibrin sealants across major parts of the globe.
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Fibrin Sealants Market: Growth Boosters
- Increasing awareness about advanced medical treatments and growing adoption of efficient surgical products across the globe are expected to help boost growth of the fibrin sealants market
- Several government as well as private sector organizations across major parts of the world are increasing efforts to spread awareness about different types of chronic diseases and treatments available for these health conditions. This factor is leading to the rise in the number of surgeries, thereby creating product demand opportunities in the market.
- Growing number of patients with chronic diseases, and trauma cases, and rising geriatric population are some of the key factors driving product sales. In addition, advancements in the hemostasis technology is expected to support market expansion in the near future.
- The market is witnessing high demand for liquid fibrin sealants as compared to patch and powder fibrin sealants. As a result, the liquid fibrin sealants are expected to gain dominant market position during the forecast period of 2021 to 2031.
- In recent years, the number of people with heart-related conditions has increased. This factor is boosting the number of cardiovascular surgeries, thereby creating demand for fibrin sealants. Furthermore, increased number of people suffering from pulmonary diseases, specifically in developed countries is projected to boost market growth in the upcoming years.
- The fibrin sealants market is estimated to witness prominent expansion avenues in the Asia Pacific region
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Fibrin Sealants Market: Key Players
The report profiles key players operating in the fibrin sealants market. Thus, the study delivers all important data including company overview, product portfolio, financial overview, recent developments, and business strategies of each player operating in the market.
Some of the key players operating in the fibrin sealants market are:
- Pfizer, Inc.
- Baxter
- Johnson & Johnson (Ethicon, Inc.)
- Takeda Pharmaceutical Company
- CSL Limited
- Grifols, S.A.
- Stryker
- Vivostat A/S
- Asahi Kasei Corporation
- Hemarus
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Global Fibrin Sealants Market: Segmentation
- Fibrin Sealants Market, by Dosage Form
- Fibrin Sealants Market, by Indication
- General Surgery
- Cardiovascular Surgery
- Wound Management
- Orthopedic Surgery
- Others
- Fibrin Sealants Market, by End User
- Hospitals
- Ambulatory Surgical Centers
- Others
- Fibrin Sealants Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Adhesion Barriers Market : The adoption of adhesion barriers has increased steadily since the past few years, and the global market for adhesion barriers reached ~ US$ 1.1 billion in 2018. However, the increasing demand for adhesion barriers, bolstered by increasing postoperative risks due to adhesion, has triggered regulatory bodies to impose strict regulations and legislation for Premarket Approval (PMA). Manufacturers in the adhesion barriers market have to face lengthy approval and certification procedures, which can cause a delay for their products to reach the market.
Hemostasis Diagnostics Market : According to the report, the global hemostasis diagnostics market was valued at US$ 2.3 Bn in 2018 and is anticipated to expand at a CAGR of 8.5% from 2019 to 2027, rise in prevalence of blood clotting disorders, high prevalence of cardiovascular diseases are projected to drive the global hemostasis diagnostics market during the forecast period
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