The anticipated size for global surgical glue market is projected to reach USD 4.28 billion by 2030, with a forecasted revenue compound annual growth rate (CAGR) of 8.09%. Factors contributing to this growth include an increasing incidence of road accidents resulting in fractures or bone injuries, a growing demand for surgical glue in pediatric wound treatment, and a rising prevalence of cardiovascular diseases and cancers necessitating surgical interventions. Additionally, ongoing research endeavors focused on developing advanced biomedical surgical glues that facilitate expedited wound healing are poised to contribute to market revenue growth from 2022 to 2030.
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Competitive Landscape:
Competitive landscape of the global surgical glue market is moderately fragmented with several key players operating on global and regional levels. Key players are engaged in platform development and strategic alliances to expand their respective portfolios and gain a robust footing in global market. Major companies in the global market report include Cryolife Inc., B. Braun Medical Inc., Medtronic PLC, Advanced Medical Solutions Group PLC, Baxter International Inc., Cohera Medical Inc., Adhesys Medical GmbH, Integra LifeSciences Holdings Corporation, Arch Therapeutics Inc., and Lifebond Machines Pvt. Ltd.
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driving factors of Surgical Glue Market
- Rising Incidence of Road Accidents:
- The increasing number of road accidents leading to fractures or bone damages is a significant factor driving the demand for surgical glue in the market.
- Growing Demand for Pediatric Wound Treatment:
- There is a rising demand for surgical glue in the treatment of wounds in pediatric patients, contributing to the overall market growth.
- Prevalence of Cardiovascular Diseases:
- The escalating number of cardiovascular diseases requiring surgical interventions is a key driver for the use of surgical glue in medical procedures.
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