Fibrin Sealant Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as hospitals, specialty clinics, & ambulatory surgical centers during the forecast period. Fibrin sealant is composed of two substances, namely, thrombin and fibrinogen and is used in surgical solutions. It acts as a hemostatic or adhesive. Fibrin sealants are the most widely used hemostats. It can be used in tissue sealing of a particular organ and in general, tropical surgery. In clinical practice, a coagulum is formed by combing two solutions of a concentrated solution of fibrinogen and Factor XIII. Some commercial fibrin sealant is Beriplast P and TISSEEL. Advancements in hemostasis technology help in developing a variety of products, such as thrombin sealants, fibrin glue, bovine serum/albumin/glutaraldehyde, gelatin matrix, microfibrillar collagen matrix, and oxidized regenerated cellulose, which is used for emergency cases. These products are different from each other, in terms of mechanism, application, and price.
Fibrin sealant is mostly available in liquid form or as a patch. Patches form are mostly used, as liquid fibrin presents a challenge of being cumbersome to use. The fibrin sealant market is expected to grow, as chronic diseases are rapidly growing, which is resulting in an increase in the number of surgical procedures. However, stringent government rules regarding the use of fibrin sealant as wrong administration can cause health complications is hampering the market growth.
Market Analysis
The global fibrin sealant market has been segmented on the basis of product form and end-user. This market is expected to grow in Europe due to a high number of surgeries carried out in the region.
Key Factors Impacting Market Growth:
- Increase in the number of ambulatory surgical centers
- The rapid growth of different chronic diseases.
- The high number of patients with blood-related disorders
Regional Outlook:
North America, Western Europe, and Asia Pacific by region are estimated to dominate the fibrin sealant market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for fibrin sealant market during the forecast period.
The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for fibrin sealant market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for fibrin sealant market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for fibrin sealant during the forecast period.
Companies Covered: Baxter International, Csl Behring, Johnson & Johnson (Ethicon), Asahi Kasei Medical, C.R. Bard, Hualan Biological, Harvest Technologies, Kaketsuken, Lifebond, Pharming Group, Sea Run, Shanghai Raas, and Stb Lifesaving Technologies
Market Segmentation:
By Product Form:
- Patches
- Liquid
- Others
By End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Product Form
- By End User
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Product Form
- By End User
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Product Form
- By End User
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Product Form
- By End User
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Product Form
- By End User
- Rest of the World
- By Region (South America, Africa)
- By Product Form
- By End User
Reasons to Buy This Report:
- Market size estimation of the global fibrin sealant market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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